Frequently Asked Questions:
Sellers: Questions about Auctions
Should I sell my Property using the Auction method?
The auction method accelerates the sale of your property by generation of interest and activity. Non-contingent contracts, qualified buyers and defined sale dates allow for planning as well as piece of mind. It is an event and a fun event! Quick Transactions save time and money!
When will my Auction be held?
At a time and place of you’re choosing and we will represent you, the seller. One of the many reasons auctions are so effective is that they are open to a wide variety of potential buyers at a set date that is well advertised. Individual marketing is a key to success!
What is a reserve Auction?
In a reserve auction, the auctioneer and seller will establish a reserve price and that price is confidential in nature. The seller has the right to review the bid and accept or reject the bid.
What is an absolute Auction?
Absolute means the property will be sold to the highest bidder. There are no reserves with an absolute auction.
Any other questions?
Still confused about Auctions or selling your property with us, drop us an e-mail and we will be back to you in one business day!
Buyers! Questions about Auctions
As a buyer, why buy at Auction?
1. Smart investments are born at the Auction
2. The buyer knows the seller is committed to selling
3. Buyers determine the purchase price
4. Auctions eliminate often adverse and long negotiation periods
5. Auctions reduce time to close property
6. Purchasing and closing dates are disclosed
7. Buyers know they are competing fairly and on the same terms
8. Buyers receive disclosure and comprehensive information
9. Buyers have the opportunity to inspect
What is a Reserve?
At a reserve auction the auctioneer will submit the highest and best bid to the seller to accept or reject.
What is an Absolute Auction?
Absolute means the property will be sold on sale day to the highest and best bidder.
Is pre-qualification necessary?
No, however have your financing arranged as often the terms require a non-refundable deposit and contracts are non-contingent. See our web site for financing options.
Feel free to e-mail anytime and we will get back to you in one business day. or call 260.437.1540
260 - 437-1540
The Auction form of marketing has its roots in the criers of Rome. Why? Because it works, sell at your own pace call today!
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