Before attending a real estate auction, it’s important to understand that there are two types of auctions: reserve and absolute. Reserve means the seller has a minimum price that must be reached or the property does not sell. Absolute means the seller is going to sell the property to the last and highest bidder.
On Friday evening, October 17, we will be selling 150-plus guns, and on Saturday, October 18, we will be selling taxidermy, military items, and much more. If you plan to attend an estate auction, here are some things to remember:
- Do your research and take a few moments to determine what kind of items will be up for auction. Many estate auctions will have photos of the items online to be auctioned.
- Note the items of particular interest to you as the bidder, and predetermine your maximum bid for each one.
- Lastly, make sure to arrive at the estate auction a few moments early so you don’t miss an item of interest to you.
On Saturday August 30, we sold a home and five acres on Lake Mcleod in Winter Haven. The final bid had reached the reserve price and the house was sold to the last and highest bidder. This property had been on the market over two years. The auction produced the buyer for the property. Buyer and seller were very happy.
This column is sponsored by Donald Kirkland and Higgenbotham Auctioneers. Get more details online about our interesting properties at www.higgenbotham.com and then click on “upcoming auctions.” Give me a call if you have a property to sell at (863) 607-7877, or email donald@higgenbotham.com.
CREDITS
column by DONALD KIRKLAND
BIO: Donald Kirkland (AU1803 AB 158) is a third generation Floridian, from Medulla (South Lakeland) and is an admitted “Florida Cracker.” He has been with Higgenbotham Auctioneers since 1993. Donald enjoys the agriculture community spirit of 4-H, FFA, and FHA. Donald is a certified and licensed auctioneer and real estate associate.
