Real estate auctions are the fastest growing category in the auction industry. Whether you want to buy or sell real property, auctions can be the way to go. For sellers, real estate auctions can shorten the selling cycle, which results in savings in terms of interest expenses, property taxes, maintenance costs and insurance costs. In addition, with a real estate auction, you sell your property on a specific day, which allows you to plan accordingly for the future.
An auction where the property is sold to the highest qualified bidder with no limiting conditions or amount. The seller may not bid personally or through an agent. Also known as an auction without reserve.
Auction With Reserve
An auction in which the seller or his agent reserves the right to accept or decline any and all bids. A minimum acceptable price may or may not be disclosed and the seller reserves the right to accept or decline any bid within a specified time.
Real Estate Auctioneers