How To Bid At The Auction
If you're new to auctions, there's nothing to fear. This step by step guide will show you just how easy it is to find, scout and participate in a live auction.
1. Find an auction
Visit our website often, subscribe to our RSS feed, sign up for our weekly emails, check the local newspapers, specifically the Sunday edition of the Canton Repository auctions section or the Farm & Dairy.
2. Do your homework
Drive by the property, look at the public records, call the Auction Brokers associate in charge of the auction and ask your questions.
3. Arrive early
On the day of the auction, try and get there early enough to register and inspect the property and/or items up for auction.
Carefully inspect the property and/or items up for auction. If this is a real estate auction and you’re not familiar with real estate, bring someone who is.
5. Set a price
What are you willing to bid? You should have a number in mind, so you don't go way over your budget in the heat of the moment. Don't forget to include your total costs, like the buyer’s premium and closing costs. Read the Bidder's Information on display at the auction and the Terms Of Sale on the reverse of your bid number card.
Have fun! Carefully follow the auction and bid!
If you are the winning bid, approach the auctioneer or cashier. They will help you fill out the purchase agreement and other forms required. If you purchased personal property the cashier will assist you in payment for items purchased.
More and more consumers are seeing the advantages of buying by the auction method. In addition, consumers find auctions fun because they're a rewarding activity for the whole family to enjoy. On average, consumers are willing to drive 1.3 hours to attend a live auction, with 75% bringing the family when they go.
9. Learn Common Auction Terms
If you're a frequent auction attendee, you're probably familiar with some of the jargon used at auctions. But for those of you who are new to buying at auction, you will want to get familiar with a few of the basic terms. Be assured that if you are at an auction and you hear a term or see a process that you don't understand, the auction staff will be more than happy to help you. That's what we do!