You Have Questions & We Want To Give You The Answers
Q: Is my property a good fit for auction?/What types of properties sell best at auction?
A: Most properties can benefit from the auction method—especially land, investment properties, commercial real estate, estates, and unique or hard-to-price assets.
Q: Does Higgenbotham Auctioneers service my state?
A: We operate in every state and most foreign countries – contact us today and tell us where we’re going next!
Q: What are the benefits of selling at auction vs. traditional listing?
A: Auctions create competition among buyers, establish clear timelines, and often result in a faster, more transparent sale
Q: How is the starting bid or reserve price determined?
A: We work with you to analyze market data and set a strategic starting bid and, if desired, a reserve price that protects your interests.
Q: How long does the auction process take?
A: From listing to auction day typically takes 3–6 weeks, with closing often within 30 days after the sale.
Q: What costs or fees are involved?
A: Costs may include marketing expenses, auctioneer commissions are paid by the Buyers. We outline and discuss marketing budgets upfront so there are no surprises.
Q: What happens if my property doesn’t meet the reserve?
A: If the reserve isn’t met, you can negotiate with interested bidders or explore alternative selling options.
Q: Who handles the marketing?
A: Our team manages a comprehensive marketing campaign designed to attract qualified buyers and maximize exposure.
Q: Can I accept an offer before the auction?
A: Yes, pre-auction offers may be considered, depending on your goals and auction terms.
Q: Are buyers qualified before bidding?
A: Yes, buyers are typically required to register and demonstrate financial capability before participating.
Q: How quickly do I get paid after the auction?
A: Closing usually occurs within 30 days, at which point you receive your proceeds.
Q: Can I sell multiple properties at once?
A: Auctions are an effective way to sell multiple properties in a single, streamlined event.
Q: Is the auction conducted online or in person?
A: Each property is assessed for the proper presentation, online, live (on-site or off site), simulcast that is a combination of live and online or Retail Real Estate.
Q: What disclosures or inspections are required?
A: State legal requirements guide the design and contents or our Property Information Package, that we assemble specifically for each property.
Q: Do I still have control over the sale?
A: Yes, Sellers are in charge of the final decision to sell. We ensure that we provide the seller with the best information possible to make a confident and informed decision and are there every step to answer every question.
Q: What types of buyers attend auctions?
A: Buyers come from many different backgrounds. Our auctions attract a wide range of buyers, including investors, developers, brokers, end-users and even first-time buyers all looking for competitive opportunities.
Was there a question we didn’t answer?
Please ask us, we want to cover as much as possible to better serve our communities, call or email us!
(863) 644 – 6681 | info@higgenbotham.com
