At auctions, you can expect auctioneers to be talking a mile a minute and buyers quickly waving their paddles in the air. Although the process is fairly simple there are many terms that an inexperienced bidder wouldn’t know. Knowledge of these common auctioneer terms can be the key to success: Auction chant Known as… Read more »
Tag: Auction Terms
Tips for First Time Auction Buyers
Auctions are a great way to purchase real estate, antiques, and rare items. If you are new to auctions, however, there are a few things to keep in mind to make your experience as smooth and enjoyable as possible: Arrive Early Most auctions have 90 minutes of preview time before the event gets started. This… Read more »
What’s the Difference Between an Auction and an Estate Sale?
An estate sale and an auction are two different ways to sell the contents of your space when you’re planning a move or selling a home. Sometimes these circumstances arise when the death of a loved one occurs. Typically, the easiest way to take care of the family members’ items is to hire a team… Read more »
Bidder’s Choice: What Does it Mean?
Whether you’re a seasoned veteran or just a beginner, everyone can agree that the extensive vocabulary you hear at an auction can be a little overwhelming. Between the statement, the hammer and the rhythmic chant, there’s a lot to take in, but it’s “bidder’s choice” that quite possibly could be the most essential term you… Read more »