AUCTION BUYER’S GUIDE
Auctions are unique – in experience and practice – but are more common than you may realize.
Much of our daily lives are impacted by auctions more than we realize. Even interest rates on money is controlled by auction.
Many auction attendees find the experience addictive and continue to want more. They say that there’s nothing quite like the excitement of finding something they want and then bidding against others who want the same thing. However, you don’t have to be an experienced auction attendee to be able to experience the excitement of auctions. EXIT Realty Partners Auction Division is always glad to welcome new bidders to their auctions.
Feel free to just sit and watch – or dive in with the rest of the bidders.
You are welcome to attend any of our auctions to get a feel for how they are conducted. Watch and listen, then move on to bidding if that makes you comfortable. Our auctioneers will spend some time addressing commonly asked questions and explaining how the auction is going to work. Always remember to ask questions at our auctions if you don’t understand something. Our auctioneers and staff want people to continue to attend auctions, so we do all we can to encourage you to continue your business with us!
When you arrive at an auction site:
- Register for a bidder number.
- Read the terms printed on or displayed on posters, brochures or handouts.
- Ask questions if you don’t understand a policy.
- At our personal property sales, inspect the merchandise you’re interested in, as most is auctioned on an “as is, where is” basis. This means it is not guaranteed. When you buy an item, you become responsible for it.
- Keep in mind that you’ll pay for the items you purchase before you leave the auction, even if you aren’t taking everything with you that day. We accept cash, check, MasterCard or Visa for your convenience.
At our real estate sales, most property is open for inspection prior to the sale by appointment or generally one hour prior to the auction. Terms vary per property; however, they generally include a specified amount of earnest money and a specified closing date. These terms are in all pre-printed materials and announced day of sale.
At the conclusion of the auction make sure to take all of your items with you and pay the cashier before leaving. If your purchase involves real estate you will be asked to sign a contract and exchange earnest money.