Our Services

Auction Terms

As a seller you can set the terms of the auction – Absolute, Minimum Bid or Subject To Confirmation.

Absolute Auction

Property to be advertised and sold to the highest bidder regardless of price. This approach allows the auction method of marketing to work at its maximum potential and creates the utmost motivation for prospective buyers to become interested in the property and ultimately attend and participate in the auction.

Minimum Bid Auction

Property to be advertised and sold to the highest bidder above a pre-determined and advertised minimum bid. This approach offers protection to the seller, but in essence a minimum bid more or less expresses that the seller will be satisfied with the minimum bid. The minimum must be low enough to serve as an enticement, yet high enough to satisfy the seller in the event that little or no advancement is made.

Subject To Confirmation (Reserve)

Property will be offered at auction and the final bid is subject to the owner’s approval. The owner agrees to sell above a pre-determined price, but that figure is confidential between the seller and the auctioneer.

Judicial And Forced Sales

The Auction Method is an efficient and many times a required tool in recovering value for assets in the jurisdiction of bankruptcy and other courts. There are many statutes that regulate the foreclosure proceedings for a mortgage. The auction method is cited in most of these statutes as a requirement to foreclose on a mortgage often referred to as a Foreclosure Auction or Mortgagee’s Sale at Auction.

A properly implemented auction marketing campaign will create significant activity which should translate into a high level of participation at the auction. The results are impossible to predict; however, we can assure you of the best possible effort in achieving the highest return for the Seller.