2014년 3월 25일 화요일

Dic# Various types of auction


※ 발췌 (excerpt):

I’ve stated many times the most seductive word in auction advertising is “absolute,” — that is, if everything’s really selling absolute. However, another word used in auction advertising is nearly as captivating: “estate,” as in an “estate” auction.
  • An “absolute” auction suggests: Everything is selling today (emphasizing the word “selling.”) 
  • Similarly, an “estate” auction suggests: Everything is selling today (emphasizing the word “everything”). Estate auctions rely on the longstanding premise that, “you can’t take it with you,” with considerable physical evidence. 
  • Other types of auctions, including a “public auction,” “moving auction,” or “downsizing auction” suggest that maybe everything isn’t selling, and many auction attendees assume if it isn’t all selling, the “good stuff” may not be available that day …
Unfortunately, just like with absolute auctions — where the public responds energetically — auctioneers are sometimes tempted to advertise an auction as an estate auction to attract a larger audience, when in fact the auction isn’t an estate auction at all.

However, while many consider the word “estate” to mean someone is dead, the legal community uses the word estate generally to mean, “The nature and extent of an owner’s rights with respect to land or other property,” and not necessarily that anyone’s dead.

A few states have addressed this issue in their auction license law. Those states say, for instance, if an auction is advertised as an estate auction, then that same advertisement must specify the probate court case number and county name.

In this way, the word “estate” is tied to a specific estate case in the probate court, and assures then that the auction is one where the prior owner is dead, rather than alive but selling “an extent of their property.”

It’s likely such statutes were written to help prevent misrepresentation, where auctioneers were saying an auction was an “estate auction” when the auction did not involve the property of someone deceased.

Another common misconception is who can legally bid at an estate auction. We wrote about this before here: http://mikebrandlyauctioneer.wordpress.com/2010/03/09/at-an-auction-whos-not-the-seller/

Particularly if an auction is “without reserve” (absolute) the owner cannot bid unless the property is being sold in a forced sale situation. ( ... ... )

자료 2: Some examples of auction ads.
  • ABSOLUTE REAL ESTATE AUCTION ...
  • MOVING AUCTION-ALL REMAINING INVENTORY OF FLOOR COVERING-TILE-CARPET-WOOD-INTERIOR-EXTERIOR DOOR UNITS AND MORE!!!
  • REAL ESTATE AUCTION WITH BEAUTIFUL LAKE VIEW
  • WAREHOUSE AUCTION- ESTATE FROM MEMPHIS AND MORE !!!
  • PUBLIC AUCTION MAGNOLIA REGIONAL HEALTH CENTER--EXCESS EQUIPMENT AND OFFICE FURNITURE--AND MORE
  • ABSOLUTE AUCTION - REAL ESTATE & HOUSEHOLD ITEMS
  • FORECLOSURE AUCTION - 2 HOUSES

자료 3: Need Help Selling for a Move?

※ 발췌(excerpt):

We can really help with a Moving Auction. Moving Auctions are unique in several ways. First, there is typically a deadline to get out and everything needs to be sold, and having a large number of items left is not acceptable. I had a call from someone the other day who wished they had called us first. They;
  1. Held Yard sales over several weekends.
  2. Became desperate and gave a bunch of stuff away, including some quality items.
  3. Moved larger pieces to storage they now have to pay for!
What a hassle. We can coordinate a Moving Auction for you that sells everything and times it so you get the most use out of important items like furniture right up until you are about to move out. Let us take care of getting a fair return on your items and getting the old location emptied, while you concentrate on everything else you have on your plate for a big move.


...

댓글 쓰기