DOES AN AUCTION COST THE SELLER MORE THAN A TRADITIONAL LISTING?

• There are two basic types of auctions; an absolute and a reserve
• A reserve auction sets a minimum price the seller is willing to accept
• If the bidding does not meet or exceed the reserve price, there is a no-sale
• An absolute auction means that there is no minimum set and highest bidder wins
• It is typical for seller’s to be responsible for marketing costs associated with a reserve auction
• The auction company usually covers all marketing costs associated with an absolute auction
• We offer Gold, Silver, and Bronze marketing packages for sellers of reserve auctions to suit their budget
• Auction fees (commission percentages) are typically equal to or less than traditional listings fees in the local community

ADDITIONAL DETAILS

• Marketing normally includes a sign on the property with details and contact information
• The marketing campaign should begin at a minimum of 4 weeks preferably 6 to 8 weeks prior to the auction date
• Buyers log on to the website and register to bid prior to auction start
• Open houses or property showings are usually set on particular days by the representative agent
• Buyers watch in real time on-line as the bids are posted
• A bidder’s number (obtained through registration) is required to place bids

BASE CAMP COUNTRY AUCTION SERVICES IN COOPERATION WITH HALDERMAN REAL ESTATE SERVICES

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