If you have alot of items you need sold in an afternoon, maybe I can help. Just email me and we can discuss what would be the best way to get you your top dollar while finding those treasures a new home.
Auction Terms - the words of the trade - what are they and what do they mean? Here are a few as defined on the National Auctioneer Association website.
Minimum Opening Bid: The lowest acceptable amount at which the bidding must commence.
Multi-Property Auction: A group of properties offered through a common promotional campaign. The properties to be auctioned may be owned by one seller or multiple sellers.
Multi-Seller Auction: Properties owned by many sellers, offered through a common promotional campaign are auctioned in a single event.
Opening Bid: The first bid offered by a bidder at an auction.
On-site Auction: An auction conducted on the premises of the property being sold.
Preview: Specified date and time property is available for prospective buyer viewing. Also known as Open House or Inspection.
Referring Broker: A real estate broker who does not have a listing on a property, but refers the auction company to a potential seller for auction. Usually earns a flat fee commission for referring product to an auction company.
Reserve: The minimum price that a seller is willing to accept for a property to be sold at auction. Also known as the reserve price.
Reserve Auction: An auction in which the seller reserves the right to establish a reserve price, to accept or decline any and all bids or to withdraw the property at any time prior to the announcement of the completion of the sale by the Auctioneer.