Auctions have been around forever. Citizens of the Roman Empire utilized them to exchange real estate and merchandise. They were a kind of formal bartering in those days. Since then, there have been many instances of unfortunate individuals losing their homes and life savings to the auction hammer. Today, many only know the type of sales represented by the very popular websites offering everything from soup to nuts on the auction block. For anyone attending the kind of live auctions Fort Worth TX auctioneers put on, the speed, competition and exhilaration can be exhausting and intimidating unless you know what you are doing.
Buyer's premiums are often used by auctioneers. They are a certain percentage, customarily ten percent, that is added to the high bid to obtain the purchase price. If you are involved in such an auction, you should take this added fee into consideration as you bid. Buyer's premiums are advertised in advance of the auction, and auctioneers routinely announce them at the beginning of the bidding process.
Auctions are often the preferred method of disposing of troublesome assets. Banks, corporate liquidators, and others find that auctioning real estate is efficient and satisfactory for example. Bank trustees can convert inheritances into cash for heirs so that everyone feels that they received a fair and equitable portion of what they were willed.
This method of sale works especially well for personal property. It is an easy and cost effective way to dispose of excess inventory, liquidate household goods, jewelry, and offer rare and unusual items to the general public
There are certain sales that allow the general public to participate as sellers. These are usually called consignment auctions. They may differ in how they work, but if you are interested in participating in one, the auctioneer will be happy to tell explain the process. Sometimes there is an upfront fee required, and sometimes the buyer's premium covers the auctioneer's fees.
Auctioned properties are offered either with a minimum acceptable price or without reserve. If the sale is not advertised as absolute, you can be sure that the seller can decide whether or not to accept the high bid. Some seasoned bidders are suspicious of anything that has a reserve price. Others know that sellers have been vetted by auctioneers to make sure they understand what to expect from potential buyers.
The absolute method is rarer than the reserve method. In this instance, the seller will forgo his or her right to accept the high bid or to negotiate with the high bidder. When you are the winning bidder on an item advertised absolute, you are assured that you will be the owner upon receipt of payment.
Auctions are fun and exciting. A lot of people get great deals on the items they purchase, and the sellers are happy and satisfied with the results.
Buyer's premiums are often used by auctioneers. They are a certain percentage, customarily ten percent, that is added to the high bid to obtain the purchase price. If you are involved in such an auction, you should take this added fee into consideration as you bid. Buyer's premiums are advertised in advance of the auction, and auctioneers routinely announce them at the beginning of the bidding process.
Auctions are often the preferred method of disposing of troublesome assets. Banks, corporate liquidators, and others find that auctioning real estate is efficient and satisfactory for example. Bank trustees can convert inheritances into cash for heirs so that everyone feels that they received a fair and equitable portion of what they were willed.
This method of sale works especially well for personal property. It is an easy and cost effective way to dispose of excess inventory, liquidate household goods, jewelry, and offer rare and unusual items to the general public
There are certain sales that allow the general public to participate as sellers. These are usually called consignment auctions. They may differ in how they work, but if you are interested in participating in one, the auctioneer will be happy to tell explain the process. Sometimes there is an upfront fee required, and sometimes the buyer's premium covers the auctioneer's fees.
Auctioned properties are offered either with a minimum acceptable price or without reserve. If the sale is not advertised as absolute, you can be sure that the seller can decide whether or not to accept the high bid. Some seasoned bidders are suspicious of anything that has a reserve price. Others know that sellers have been vetted by auctioneers to make sure they understand what to expect from potential buyers.
The absolute method is rarer than the reserve method. In this instance, the seller will forgo his or her right to accept the high bid or to negotiate with the high bidder. When you are the winning bidder on an item advertised absolute, you are assured that you will be the owner upon receipt of payment.
Auctions are fun and exciting. A lot of people get great deals on the items they purchase, and the sellers are happy and satisfied with the results.
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