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Mallet on Auction paper for understanding auctions
Posted in Auction News

Understanding The Auction

Understanding auctions and the process.

What’s an auction?

An auction is the process for selling or buying items or goods, that includes real estate, cars, planes, computers, jewelry and more, to the highest bidder.

What’s an auction house?

There are auction companies and auctioneers that have a building, store or office where they hold the auctions.

How does an auction work?

When a person, a business, entity, or estate wants to dispose of unwanted items they can contact an auctioneer (person that conducts the auction) to sell the item.  Many auctioneers will do an appraisal on the item(s) to determine the best price.  The auctioneer can receive a commission, flat fee, or on consignment.  The auctioneer would usually set a date for the sell, and start marketing the auction.

On the date of the auction the public or invitees will show up at the auction house or site where the property is located, or by phone or online (depending on the rules set forth by the auctioneer).  At some auctions those invited to bid will be given paddles with individual identification or marks (sometimes numbers), some auctions will allow hand or facial gestures.

The winner of the auctioned item is the bidder with the highest offer.  Some auctions will require a deposit for the item, and give the winner time to pay off the item and take possession of the item.  Some auctions will be just cash and carry (you must pay for the item and transport it with you).

This is a general idea of how auctions can work.  You must contact the auctioneer or auction house to find out the specific rules for their auction process.

What are the different types of auctions in the United States?

There are many types of auctions in the US.  We won’t get into all of them.  There are 2 main types of auctions that we will deal with in the United States, the open auction, where people gather and view an item then each person signal their bid to the auctioneer.

The second is the sealed bid auction.  This is done through either mailing in or posting your offer for the item.  You don’t see the bids that others made on the item.  The auctioneer or company holding the auction will check the offers at a certain time, then notify the winning bidder.

What is a reserve price in an auction?

Many items up for auction have a set price that the seller wants to receive.  If the bids do not reach that price the item is not sold, the item might be withdrawn then relisted.  Sometimes the property might be relisted with a different price or some other incentive.

What’s an absolute auction sale?

An absolute auction is an auction where whatever the highest bid is, the bidder will win the item.  With an absolute auction there is no reserve price set.  Some absolute auctions will set the opening bid at the price that the seller actually wants for the item.  This way any bids above that price just increases the amount the seller was actually looking for, and will receive.  The great thing is that you will receive the item whatever the bid is.

Here we set up sections for information that you can view, and if you join our family you’ll be able to view more.

Is an online auction or live auction better?

There are different types of auctions, some online, some at an auction house, some at the location of the property.

We can’t say whether online auctions or live auctions are better.  Better depends on your views.  There are auctions throughout the United States.  There can be items in a state that you might not be able to get to by the time of an auction.  In that case many auctions will allow online bidding so that you can bid on an item no matter where you’re located.

The biggest downfall to the online auction is that you might not be able to examine the item.  Many auctions will provide photos, and details.  You might also to be able to hire someone to inspect the item for you.

Many people like the live auctions.  It provides you an opportunity to actually examine the item that you might want to bid on.

Some like the live auctions because it gives them a chance to see who they’re up against.

Again, it’s a personal preference.

What items are sold at auctions?

Auctions can provide a whole range of items.  Remember you have real estate auctions (residential, land and commercial properties), boats, planes, auto, art work, jewelry, clothing and much more.  Almost anything you can imagine could be up for sale at an auction.

How often are auctions held?

Auctions are held throughout the year.  Each state has auctions throughout the year.  View our state auction pages you’ll see links to auctions happening on and offline.

Are there auctions in all 50 states?

Yes.  Each state has auctions throughout the year.  View our state auction pages you’ll see links to auctions happening on and offline.

Can anyone participate in an auction?

To participate at an auction you must contact the auctioneer, auction house or site.  Each auction will have it’s own rules about participation.

 

 

Posted in Foreclosures Auctions News

Single Family Home – North Carolina Auction January 29, 2019 – ENDED

Here’s a North Carolina auction single family home available.  This property is up for auction January 29, 2019 – ENDED

 

This is a 3-Level brick home with 5 bedrooms, 3.5 baths, kitchen with breakfast area, dining room, living room, family room with fireplace, 2nd floor bonus room and laundry room, screened-in patio, and attached 3-car garage.

 

 

 

Property Details

  • Single family home
  • all brick
  • 5 bedrooms
  • 3.5 baths
  • living room
  • dining room
  • kitchen with breakfast area
  • family room with fireplace
  • screened-in patio
  • 3 car garage

 

We hope that you enjoyed the photos.  They’re taken directly from the government site.  They’re used to give you an idea of what the property looked like.  If the property is still available when you join us take the opportunity to view the house during it’s open house.

There are more Iowa auctions throughout the year.  Iowa auctions of real estate are available throughout the year. Iowa has real estate foreclosures, auctions, computer, auto and more for sale.

Government sales information

The United States government sells at auction many different types of properties, from real estate auctions to computers to cars and more.  What we want to do here at Government Deals is find some of them that are upcoming for auction and present them to you.

NOTE: Our property description and property details are taken directly from the government sites.  The property might be different when you view it, please note that we can’t be held responsible for the accuracy of anything that the government states.

NOTE: The properties that we list are available at time of  posting.  If you join our site Government Deals before the auction date, you’ll be able to see that property.  Remember the government might remove properties or change dates and information without our knowledge.  GovernmentDeals.com is not responsible for cancelled sales, and/or property removals.

Please use due diligence when trying to purchase a property at an auction.  Do as much research as possible.

We go through the list and pick the properties that our team found most interesting.

 

 

Posted in Foreclosures Auctions News

Single Family Home – Massachusetts Auction January 15, 2019 – ENDED

Here’s a Massachusetts auction single family home available.  This property is up for auction January 15, 2019 – ENDED

Front view of single family home in Massachusetts with an attached 2 car garageThis single family home is 3,144 ± sq. ft. with 4 bedrooms, 2.5 baths, kitchen, dining room, living room, family room with fireplace, den, mud room, sun room, attached 2-car garage, and detached multi-car garage.

 

 

 

Property details

  • Single family home
  • 4 bedrooms
  • 2.5 baths
  • living room
  • dining room
  • family room with fireplace
  • sun room
  • attached 2 car garage
  • in-ground pool
  • partially finished basement
  • 3,144 sq ft

      

We hope that you enjoyed the photos.  They’re taken directly from the government site.  They’re used to give you an idea of what the property looked like.  If the property is still available when you join us take the opportunity to view the house during it’s open house.

There are more Iowa auctions throughout the year.  Iowa auctions of real estate are available throughout the year. Iowa has real estate foreclosures, auctions, computer, auto and more for sale.

Government sales information

The United States government sells at auction many different types of properties, from real estate auctions to computers to cars and more.  What we want to do here at Government Deals is find some of them that are upcoming for auction and present them to you.

NOTE: Our property description and property details are taken directly from the government sites.  The property might be different when you view it, please note that we can’t be held responsible for the accuracy of anything that the government states.

NOTE: The properties that we list are available at time of  posting.  If you join our site Government Deals before the auction date, you’ll be able to see that property.  Remember the government might remove properties or change dates and information without out knowledge.  GovernmentDeals.com is not responsible for cancelled sales, and/or property removals.

Please use due diligence when trying to purchase a property at an auction.  Do as much research as possible.

We go through the list and pick the properties that our team found most interesting.

 

 

 

Posted in Foreclosures Auctions News

Single Family Home – Florida Auction January 08, 2019 – ENDED

Here’s a Florida auction single family home available.  This property is up for auction January 08, 2019

White 2 story townhouse front viewThis is a 2-Level townhouse with 4 bedrooms, 3 baths, kitchen, living room, dining area, 2nd floor laundry, lanai, and screened-in pool with patio.

 

 

 

Property details

  • Townhouse
  • 2 levels
  • 4 bedrooms
  • 3 baths
  • living room
  • dining room
  • lanai
  • screened in pool with patio
  • HOA fee required
  • gated community

    

We hope that you enjoyed the photos.  They’re taken directly from the government site.  They’re used to give you an idea of what the property looked like.  If the property is still available when you join us take the opportunity to view the house during it’s open house.

There are more Iowa auctions throughout the year.  Iowa auctions of real estate are available throughout the year. Iowa has real estate foreclosures, auctions, computer, auto and more for sale.

Government sales information

The United States government sells at auction many different types of properties, from real estate auctions to computers to cars and more.  What we want to do here at Government Deals is find some of them that are upcoming for auction and present them to you.

NOTE: Our property description and property details are taken directly from the government sites.  The property might be different when you view it, please note that we can’t be held responsible for the accuracy of anything that the government states.

NOTE: The properties that we list are available at time of  posting.  If you join our site Government Deals before the auction date, you’ll be able to see that property.  Remember the government might remove properties or change dates and information without out knowledge.  GovernmentDeals.com is not responsible for cancelled sales, and/or property removals.

Please use due diligence when trying to purchase a property at an auction.  Do as much research as possible.

We go through the list and pick the properties that our team found most interesting.

 

 

Posted in Foreclosures Auctions News

Single Family Home – California – Auction January 08, 2019 – ENDED

California auction

Here’s a California auction single family home available.  This property is up for auction January 08, 2019.

Single family ranch style home front viewThis California auction home with 3 bedrooms, 3 baths, kitchen with breakfast area, living room, dining room, family room, laundry, and attached 2-car garage.       Property Details

  • Single family
  • 3 bedrooms
  • 3 bathrooms
  • living room
  • dining room
  • family room
  • kitchen with breakfast area
  • patio
  • in-ground pool
  • 2709 sq ft

single family ranch style house showing backyard with in-ground pool  kitchen view showing counter top wood paneling and refrigerator  living room view, large room with sky light  bathroom photo counter with sink and large mirror in background   We hope that you enjoyed the photos.  They’re taken directly from the government site.  They’re used to give you an idea of what the property looked like.  If the property is still available when you join us take the opportunity to view the house during it’s open house. There are more Iowa auctions throughout the year.  Iowa auctions of real estate are available throughout the year. Iowa has real estate foreclosures, auctions, computer, auto and more for sale.

Government sales information

The United States government sells at auction many different types of properties, from real estate auctions to computers to cars and more.  What we want to do here at Government Deals is find some of them that are upcoming for auction and present them to you. NOTE: Our property description and property details are taken directly from the government sites.  The property might be different when you view it, please note that we can’t be held responsible for the accuracy of anything that the government states. NOTE: The properties that we list are available at time of  posting.  If you join our site Government Deals before the auction date, you’ll be able to see that property.  Remember the government might remove properties or change dates and information without out knowledge.  GovernmentDeals.com is not responsible for cancelled sales, and/or property removals. Please use due diligence when trying to purchase a property at an auction.  Do as much research as possible. We go through the list and pick the properties that our team found most interesting.

California auction : January 08, 2019

Green 2 story multifamily in Florida
Posted in Florida Auctions & Foreclosures

Multifamily In Florida – ENDED

Multifamily In Florida

Green 2 story multifamily in Florida16 Unit garden-style apartment building with 16 parking spaces. Each unit is approximately 650 ± sq. ft. with 1 bedroom, 1 bath, kitchen, and living area. Note: 14 units are tenant occupied with a total rental income of $11,594 per month. 8 units have HUD-Section 8 assistance and 1 unit is manager occupied.

The subject property is a two story multifamily apartment building

(Garden LowRise) with a street address of ………Miami, Miami-Dade
County, Florida 33126.

The subject Building was constructed during 1971 on 0.47 acres or 20,475 SF.

The subject development is comprised of 16 residential units apportioned into 1-Bed/1-Bath unit type with an average unit size of 650 SF approximately.

16 Parking Spaces

The United States government sells at auction many different types of properties, from real estate to computers to cars and more.  What we want to do here at Foreclosures Auctions is find some of them that are upcoming for auction and present them to you.

We go through the list and pic the properties that our team found interesting.

This sale will take place January 31, 2018 – ENDED

To get details on this property join our family of investors at JOIN