Types of Auctions

.Absolute Auction: An Auction where the property is sold to the highest bidder with no limiting conditions or amount. The seller may not participate directly or indirectly.

.Reserve Auction: An auction in which the seller reserves the right to establish a reserve price. He or she may choose to accept or decline any and all bids or to withdraw from the auction at anytime prior to the announcement of the completion of the sale by the auctioneer.

.Minimum Bid Auction: An auction in which the auctioneer will accept bids at or above a disclosed price. The minimum price is always stated in marketing materials and is also announced at the auction.

.Sealed-Bid Auction: This sales method utilizes confidential bids, which are submitted to be opened at a predetermined time and place.

To learn more about the auction process or to see if your property you might benefit from participating in an auction, please contact Troy Fowler at (305) 206 0349