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Taganale absolute auction
- Thread starter tsutcli
- Start date
SHELLY
SoWal Insider
Smiling JOe
SoWal Expert
Well, at least they didn't wait until people had already booked their plane tickets. Oh, wait, the auction is tomorrow. Nevermind.
I could almost guarantee you the auctioneer is extremely upset. The property owner probably became frightened and changed to a reserve. This should not matter if one is interested in bidding, more than likely the reserve is low but you never know.
AAbsolute
Banned
I could almost guarantee you the auctioneer is extremely upset. The property owner probably became frightened and changed to a reserve. This should not matter if one is interested in bidding, more than likely the reserve is low but you never know.
Do you know if we can do that without penalty? That may not be a bad financial move for someone who wants to get their property advertised extensively. Hurts the Auction Professional, but in the words of Santiago "it's called business"
Smiling JOe
SoWal Expert
It won't stop the advertising from drawing interest b/c it has already been advertised as Absolute Auction. I do think it hurts the auction profession to advertise as one thing, only to have the seller change their mind last minute.
Poppy, you are making a tremendous assumption that the reserve is low. Rarely, is the reserve low on these types of properties, especially if they are heavily leveraged.
Poppy, you are making a tremendous assumption that the reserve is low. Rarely, is the reserve low on these types of properties, especially if they are heavily leveraged.
Roebuck Auction
Beach Comber
I can't speak for National Auction Group, but that is your opinion and one that is not based on fact concerning the auction industry. At Roebuck, we actually turn down about 85% of the people who come to us to auction their property because either their expectations are unrealistic or they are over leveraged. Just like traditional real estate agents, we only get paid if the property sells. I have no interest in wasting my time or my seller's time if I do not honestly think we can get the property sold.