Post by tomcasper745 on Apr 6, 2018 3:21:08 GMT 3
An Auction is where property is sold at a specific time and place to the highest bidder. Most auctions require a person to get a bidder number or other identifying item prior to bidding. When an item you want goes up for bid it will usually start low and the auctioneer will raise the bid amount every time someone bids until there are no more bids on that item at which time they will sell the item for the highest bid.
There are many types of auctions. Some of the most common are Charity, Estate, Liquidation, Consignment, Auto mobile, Antiques, Coins, Storage units, Foreclosures, real estate, and many more.
Why choose an auction over other sales? There are many reasons but if you look at many of the high record setting prices that people get for property is done at auction. A good marketing plan for an auction brings people who are looking for the item being sold and the more people you have at an auction then better chances of getting good prices. When you have two or more people competing for the same item the price usually goes up.
There are many types of auctions. Some of the most common are Charity, Estate, Liquidation, Consignment, Auto mobile, Antiques, Coins, Storage units, Foreclosures, real estate, and many more.
Why choose an auction over other sales? There are many reasons but if you look at many of the high record setting prices that people get for property is done at auction. A good marketing plan for an auction brings people who are looking for the item being sold and the more people you have at an auction then better chances of getting good prices. When you have two or more people competing for the same item the price usually goes up.