Estate Auctions

Home Auctions Estate Auctions

The purpose of an estate auction is to sell materials owned by a person who has recently passed away. Or individual(s) find themself needing to their own personal property to facilitate a move, divorce, foreclosure, or relocation, etc.

Herron Auctions wants you to enjoy the auction experience. We understand that personal matters are the driving force behind the need to have an estate auction. We care about you, your needs and will do everything in our power to make your auction experience a positive one. At Herron Auctions we are here to facilitate your need for an auctioneer in the most professional and respectful manner possible, with the end goal always being to optimize your gain.

There are two types of auction sales you may choose from:

Absolute Auction:

In this auction the property is sold to the highest bidder, regardless of what the final bidding price ends up being. The bidder’s excitement and participation are at their very highest in this scenerio because a sale is guaranteed.

Reserve Auction:

In this situation the highest ending bid is effectively treated as an offer, not a final sale. The seller then reserves the right to accept or reject the highest bid. This method puts more control into the hands of the seller but typically generates less of a bidding response.

Standard for these auction processes is the presence of an auctioneer who will moderate the negotiation of price between the buyers and the sellers. The auctioneer will determine when all bids are complete, at which point the agreement becomes a contract and the sale is final.