Frequently Asked Seller Questions
Why should I use an auction to sell my property?
Scheets Auction advertises using the Internet, a frequently updated website, direct mail, and print. To optimize your opportunity, a personalized marketing package is produced for each sale.
What costs will I incur if I sell through an auction?
When real estate is sold, the seller’s fees include normal closing costs such as escrow, title, property liens, and tax prorations, among others. Because each auction is different, talk to us about these aspects.
I'm thinking about holding an auction to sell my house. What's the best way to get started?
Schedule an appointment with Scheets Auction. We’ll pay you a visit and go over all the intricacies of having an auction with you. Following a successful agreement, we will assist you in determining the best sale date and marketing strategy for your property, as well as provide advice on how to best prepare your home to sell for the highest possible price.
Will my home be sold for a lower price than it is worth?
The property’s market worth will not alter if it is sold at auction. The market and what purchasers are willing to pay define the property’s worth on the day of the auction.
Why should I use an auction to sell my property?
If you just have one potential buyer, they have the upper hand. You are in control if you have multiple potential purchasers. We are more likely to have numerous purchasers competing on auction day to locate one buyer willing to pay a premium if we ensure that as many buyers as possible see the property for sale.
Frequently Asked Buyer Questions
What is the starting bid?
On occasion, someone will place a beginning bid for us at the auction, but we won’t know what it is until the day of the sale. We can, however, provide an auctioneer’s estimate of the property’s market value.
How do I register to bid?
Auctioneers maintain mailing lists for a wide range of specialties, from real estate to restaurant equipment, antiques to agricultural. Inquire with auction houses about being added to their mailing lists for the specialization you’re interested in.
Is it possible to inspect before bidding?
All auctioneers are required to offer a period of examination because purchases are made as-is, where-is. These times are normally publicized online, or a viewing can be arranged with the Auctioneer in some situations.
What are the requirements for bidding in an auction?
Buyers should bring identification as well as a cashier’s check, business or personal cheque, and a bank letter of guarantee or other proof of funds to the auction.