Types of Auction Sales
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 scenario 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.
Auction Types
A farm auction is an effective method of liquefying a range of agricultural assets such as real estate, tractors, timber, tools, livestock, and much more. It is an accelerated marketing process that involves the public sale of farm related property through competitive bidding. Some situations that might prompt one to consider holding or attending a farm auction would be to:
- Liquidate the farm and its assets including farm machinery, equipment, and implements.
- Liquidate unneeded farming machinery.
- Acquire equipment for personal ventures.
Herron Auctions has a legacy of offering the highest-quality farm auctions with the goal of benefiting all involved. Herron Auctions has achieved this by building a team of professionals whose experience brings together decades of real estate and auctioneering expertise. We will stand beside you and your project from start to finish.
Land auctions simply involve the sale of land to the buyer with the highest bid. These open bidding land auctions encourage bidders to compete against each other, which drives up offers to the actual market value of the land. This usually results in land selling at higher prices. At land auctions, the seller alone does not set the price, but rather buyers create the market based on what they are willing to pay for it. This type of auction environment very often generates the strongest bidding response and results in higher sales.
At Herron Auctions we aren’t here just to make another sale. Our ongoing mission is to work with you to employ effective and experience based advertising and marketing strategies designed to result in high bidder turnouts and the absolute best outcome for your specific land sale. Our auction team is with you every step of the way so we that can apply our decades of expertise to maximize your gain. Our devotion to our clients and consistent sales results is what has made Herron Auctions the most trusted vendor for land auctions as well as auctions of all kinds.
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.
A large variety of situations prompt people to think about holding or attending a machinery auction. Some of these may include the need to:
- Liquidate the company including related machinery, equipment, and implements.
- Liquidate unneeded machinery.
- Acquire equipment for personal ventures.
If you find yourself in any of these situations take advantage of our decades of auction experience, extensive industry knowledge, and exceptional customer service. When you seek out a Herron machinery auction for your buying and selling needs, we walk you through the process step-by-step to assure you make informed decisions and maximize the success of your sale or purchase.
Since this method always results in a sale these types of auctions tend to generate a lot of excitement and large crowds of eager bidders. This environment helps to push offers up to and over the market value of your property. Please feel free to contact us for more information on this type of auction.
At Herron Auctions we take great pride in giving back to the community in the form of hosting charity auctions. This special type of auction is always free of charge and driven by the spirit of goodwill. All proceeds are donated to a charitable cause chosen by the benefactors. Please contact us for more details on this type of auction.