Flash Left Alt
Take Action

Types of Auctions

Absolute Auction:

An Auction where the property is sold to the highest qualified bidder, regardless of price. The seller may not bid personally or through an agent.

Reserve Auction:

An Auction in which the seller maintains the right to establish a Reserve price to be met or exceeded before agreeing to sell.

Minimum-Bid Auction:

An Auction in which the auctioneer will accept bids at or above a disclosed price. The minimum price is always stated in the brochure and advertisements and is announced at the Auction.

Sealed-Bid Auction:

A method of sale utilized where confidential bids are submitted to be opened at a pre- determined place and time.