OUR AUCTIONS

Our auction process has been proven to be highly successful. The following are the steps we take to help the purchaser feel comfortable with the procedures and answers to most frequently asked questions.

Preparation for the buyer

Review the property, do your research, take every opportunity to understand what happens on auction day. True preparation will help you feel comfortable and understand what you can afford to spend in the bidding process.

Be Ready To Bid

The actual auction time is much shorter than you think, sometimes only minutes for each property. A collection of properties or condominiums may only take an hour so don’t be surprised at the speed. Plan on arriving at the auction one hour early so you are truly ready and prepared to bid on the property you have identified as your choice.

Pre-Register

All prospective bidders must register to attend and bid at the auction. Registration is available during the pre-view period before auction day and only requires filling out a simple form. On auction day pre-registered bidders check-in to receive their bidder package. The registration period usually begins about two hours before the scheduled auction time.

Just Before the Bidding Begins

The auction begins promptly at the appointed time with a few opening remarks summarizing the terms of sale, the methods of bidding and any final changes or disclosures. Normally the auctioneer will conduct a brief practice auction to make the buyers feel comfortable with the process.

The Auction Team

Assisting the auctioneer will be a team of professional floormen, these assistants will ensure anyone bidding is recognized and that all bids are relayed promptly to the auctioneer. The floormen also assist with questions before and during the auction including asking the auctioneer to pause if necessary.

Start the Bidding

From the first to final bid, things move smoothly with bidders offering up to the price they are willing to pay. The auctioneer can and will say “sold” or “high bidder” as soon as he or she determines the final bid has been made. It is customary for the auctioneer to slow things down near the end of the bidding to announce, “Going once, going twice…third and final call.” This cue is preparation for the auctioneer to announce, “Sold” or “High Bidder.”

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