Questions about auctions?

Why should I sell my property using the auction method?
The auction method accelerates the sale of your property by generating additional consumer interest and activity. Non-contingent contracts and projected thirty day settlements are required of all buyers of auctioned properties. This means a quick transaction for you.

When will my auction be held?
The advantage with the auction method is the seller has the right to choose the date and time of their auction. One of the many reasons auctions are so effective is that your property is exposed to a wide variety of potential buyers on a set auction date.

What does the term 'reserve' mean?
In a reserve auction, the auctioneer will submit the highest bidder to the seller. The seller than has the right to accept or reject the bid.

What does the term 'absolute' mean?
Absolute means the property will be sold to the highest bidder. There are no minimums or reserves in an 'Absolute' auction. Some auctions will have certain parcels to be sold absolute while others are offered with a reserve. Please check with the auction team for the details of each auction.

Do I need to pre-qualify?
No. We do not require any pre-qualification to bid. As a suggestion, if you intend to obtain financing, you should pre-qualify with a lender. For free pre-approvals, Jim Sollars with First Place Bank. 

Can I attend an auction before agreeing to sell my home through the auction method?
Certainly! It is strongly recommended that you attend a live auction and experience the process first hand. Simply speak to the auctioneer about an upcoming schedule of auctions in your area.

Is there something we didn’t cover here?
Still confused about auctions or selling your property with us, click on the Contact Us link and we’ll get back to you within one business day.