by Ashland Auction Group Staff | Jan 1, 2021 | Auction Financials, Buyers
Series: Understanding Auction FinancialsPart 1 of 3 Buyers often assume that auction sales are required to be full, cash-only purchases. However, the belief that all auction sales are financed via cash is a myth. It is important to understand that buyers have options...
by Ashland Auction Group Staff | Apr 30, 2021 | Buyers
What is a Pre-Auction Offer? A pre-auction offer is the best and highest offer that you are willing to submit for the property to pull it off the market before the auction occurs. Although the property may be sold prior to auction, the property will still be sold...
by Ashland Auction Group Staff | Dec 30, 2020 | Buyers
The Basics of an Auction The World of Real Estate Auctions When everybody hears of an auction, the first image that usually comes to mind is the auctioneer. The auctioneer is typically envisioned reciting an auction chant, the rhythmic repetition of numbers and...
by Ashland Auction Group Staff | Dec 30, 2020 | Buyers
What do buyers need to know about reserves? What is a Reserve Auction? A reserve auction is an auction in which the seller, trustee, or their agent reserves the right to accept or decline any and all bids. At the conclusion of the auction, the high bid will be...
by Ashland Auction Group Staff | Dec 30, 2020 | Buyers
What is the Difference? What is a Reserve Auction? A reserve auction is an auction in which the seller, trustee, or their agent reserves the right to accept or decline any and all bids. At the conclusion of the auction, the high bid will be placed into the reserve,...
by Ashland Auction Group Staff | Jan 1, 2021 | Auction Financials, Buyers
What financing options may exist for an auction sale? Although the deposit is required to be an on-hand asset (i.e. cash), it is often possible for the remainder of the purchase price to be funded from other asset types. Options may vary from various lines of...
