Types of Auctions + FAQ's
By Investor Realty Group, Local Expertise with a Global Reach
(Investor Realty Group, LLC)
Types of Auctions Absolute Auction: An Auction where the property is sold to the highest qualified bidder, regardless of price. The seller may not bid personally or through an agent. Reserve Auction: An Auction in which the seller maintains the right to establish a Reserve price to be met or exceeded before agreeing to sell. 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 the brochure and advertisements and is announced at the Auction. Sealed-Bid Auction: A method of sale utilized where confidential bids are submitted to be opened at a pre- determined place and time. FAQ's Why should I sell my property using the auction Method? Selling your property utilizing the auction method accelerates the ...