Q. I have never been to a Real Estate Auction. A Real Estate is normally advertised 2-3 weeks in advance. A buyer may call our office for an appointment to view these properties. Most properties are sold in as-is condition. Any desired inspection must be made before the auction.
Bidding is conducted in an open and public setting.
You may bid directly to the auctioneer or any of our bid assistants will be glad to help you or answer questions. A. Absolute means the property will sell to the last and highest bidder regardless of price. This is the best kind of auction that attracts more bidders, which usually translates into 10 to 20 percent more money for the seller. A. Reserve means that a minimum price has been established by the seller. If bidding does not reach the reserve, the auction of the property is canceled.