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Do I need an Auctioneer?
12 May 08 05:42 PM | realestateauctions | with no comments
Do I need an Auctioneer? I own my home and have been thinking about selling it and moving to another state. I have talked with several realtors and just can’t get excited about listing my home with them, especially in today’s real estate market. I need...
What is an “owner confirmation” auction?
06 May 08 10:14 AM | realestateauctions | with no comments
I recently attended a real estate auction whereas the auctioneer stated that the winning bid would be “subject to the owner’s confirmation.” Was this really a “reserve” auction? There is really no difference between selling real estate at an auction with...
What is a Buyer's Premium?
04 May 08 05:23 PM | realestateauctions | with no comments
The use of a buyer’s premium is a way of paying the Auctioneer for his or her services. The buyer’s premium shifts the payment of the Auctioneer’s commission from the seller to the buyer at auction. The buyer’s premium is a fixed percentage of the sales...