Premiere Estates
Auction Company’s Most Frequently Asked Questions
4. Can I sell my property in “as-is”
condition?
Yes. Premiere Estates Auction Company sells all properties “as-is”
and without any contingencies whatsoever. When the gavel falls,
it’s sold.
5. What are the two types of auctions?
Reserve and absolute. In a reserve auction, our expert senior
appraisers will collaborate with you to determine the minimum
value of your estate. If the bidding does not reach the pre-set
price, then you have no obligation to sell your property.
A reserve auction allows the seller the comfort of said reserve
price combined with the opportunity of highly competitive
bidding.
In an absolute auction, we work with no reserve. The highest
bidder secures the property. And because of a perceived “opportunity”
by the buyer, more buyers show up. It’s a proven fact
that this method also offers the greatest possibilities of
generating more bidding and more money than any other option
available to sellers today.
6. What if the highest bid is not satisfactory to
me?
In a reserve auction, the seller has the sole discretion to
sell or not to sell his or her property. In an absolute auction,
you may be surprised by the large number of bidders, and in
turn, by the higher selling price.
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