Why Sell at Public Auction?
Our Highly Trained Auction Team Will Be Eager To Discuss Your Needs At Your Convenience!
Here are some answers to the most commonly asked questions concerning Auctions and Auctioneers...
"Public Auction"..... Behind these words stand the ability and integrity of the auctioneer who serves you in the quick, easy disposal of personal & real property in the most profitable way: By bringing together interested buyers in a forum of competitive bidding! "Bid & Buy" - you set the price!
Your auctioneer will provide you with the knowledge of the community and their buying style, integrity, honesty, and sense. He provides advice on how to obtain the highest dollar possible for your for your property!
Q. What are an Auctioneers Qualifications?
A. In Texas, Auctioneers must be licensed by the state after successful completion of training and written examination. In addition they must be in good reputation and have trustworthy character and successfuly complete a thourough background check. Auctioneer licenses are renewable annually.
Q. Why are auctioneers necessary and licensed?
A. First, in most instances you cannot hold and auction in Texas without first obtaining a licensed auctioneer. Second, your auctioneer knows how to prepare publicity suitable to the type of auction you are holding and understands the legal stipulations regarding it. Your auctioneer is a business person who knows how to meet the public and also has the ability to get the higher dollar for your property. He knows what action to take in dispute of bids and is fair and equitable to all.
Q. When should you contact an auctioneer?
A. When you are planning: 1. The liquidation of the estate; 2. For the sale of the estate; 3. The disposal of real estate or personal property for the highest dollar; 4. The resolution of differences among heirs through the fair means of public auction. After looking over your property, your auctioneer will give you competent advice on how best to conduct your auction for the most return. Your auctioneer pledges a clean auction, based on the force of good salesmanship. He/She pledges to keep you free from misrepresentation and to fully comply with the terms of agreement with you and with the laws of the state of Texas.
Q. What are my obligations to the Auctioneer?
A. Your obligation is to tell the truth about each item you have for sale. Do not request any form of fake bidding or deception, because it is a violation of the Texas revised code. Secondly, do not withdraw or sell any item at private sale prior to the auction and after your advertising is drafted, unless your auctioneer has given permission. Do not bid or enlist the aid of friends to "bid up" prices during the sale. Rely on your auctioneer to conduct the sale and fully comply with the terms of the contract necessary to hold an auction.
Q. How much do I pay the Auctioneer?
A. It depends on the agreement signed by you and your auctioneer. This is usually on a percentage basis but is sometimes a flat fee. Fees vary according to what is being sold and whether the items are real property or personal items, etc. Your auctioneer will explain all the details to you. Remember, professional auctioneers don't cost you money, they make you profit.
Q. Why is more real property being sold at auction?
A. More real property is being sold at auction because it's a fast and efficient way to obtain the top dollar the market will bear. Auction encourages supervised competition between those interested in purchasing. An auction is a motivating experience which encourages spending.
