|Address:||Suite #101, 3351 50th Street|
|Postal Code:||T7A 0C6|
|Years in the Industry:||52 years (1966)|
A well advertised auction ensures the seller that all items sold will bring the highest fair market value at that point in time the final bid has more than anyone else would pay.
An auction puts a time limit on the conversion of chattels (sale items) to cash and allows the seller to move on to the next phase of their life.
In cases where one or more of the beneficiaries of an estate would like to buy, provisions can be made for them to bid at the auction. This is a fair way of establishing the price. Arrangements can be made in advance for their purchases to be deducted from their share of the proceeds.
As with an estate situation, when resolving matrimonial property disputes or dissolving partnerships, special arrangements have sometimes been made to allow one or more of the owners the same right to bid as any member of the public. This allows one of the parties to retain ownership provided they are willing to pay one bid more than anyone else and to comply with the same terms as any other buyer.
With rural auctions the sellers often have one or more parties who would like to buy. The auction lets the buyers decide who the new owner will be. This alleviates the Seller "picking" who gets it.
The Auction solves the problem of setting an “asking price”: With regular listings if the price is too high the property will not sell. If it is too low it may sell to quickly but the seller does not receive what they should. The “asking price” problem is even more complicated if one of the potential buyers is a friend or neighbor.
Some examples of situations best suited to sell by auction are:
Services Offered by Team Auctions
* Other services can be provided in accordance with the needs of seller.
Team Auctions Ltd. custom designs and budgets your advertising campaign to bring the maximum amount of buyers to your sale.
Note: Team Auctions has won various awards including web design and advertising excellence!
Drayton Valley, AB