America's Auctioneer

Yes, even if the offer is above the listing price, a seller has the legal right to refuse a bid and accept another offer if the terms of the auction are offered with Reserve. Texas State law gives option for choices a seller can make after receiving an offer in full or otherwise. There may be oth...

A buyer’s premium is an additional fee added to the winning bid at an auction to determine the final contract price. It’s a standard practice in many auctions, and understanding it is essential for knowing your true purchase cost.How It WorksWhen the auctioneer accepts your final bid, that amount...

Sellers don’t always pick the highest offer. For instance, an offer well above the asking price with a 5% down payment might be rejected if the property doesn’t appraise at the proposed purchase price. How about an offer to finance same as cash with 20% – 25% down under non-refundable terms? Sell...

If you’ve ever attended a live auction, you’ve likely heard the rapid, rhythmic speech that seems almost like another language. This style of delivery is called the “chant” , a signature element of auctioneering that combines speed, repetition, and filler words to create a sense of urgency and ex...

No. Auctions include properties from private individuals, luxury properties, residential homes, land and ranch, farm properties, corporations, and estates, not just distressed situations.

We define multiple aggressive bidding strategies: MAX BIDDING TOOL, high opening bid, high bid increase (jump bids), short acceptance deadline with collectable funds at the BID AWARD. Some bidders want to end the bidding process. If that is the goal of the buyer, then make your highest and best k...

Non-compliance is a common reason for losing a bid. Missing details from the buyer’s registration, false proof of funds, and refusal to comply with the Terms and Conditions of Sale. If the buyer’s agent does not properly register the buyer with the Auctioneer, the Buyer’s Agent may not qualify fo...

https://myersjackson.com/when-there-is-cash-or-no-financing-contingency-can-i-still-bid/  Yes, you can still bid. A cash offer might seem better to some, but waiving the financing contingency can also be attractive. However, forfeiting deposits or other contingencies can introduce risks.

Winning an auction is not just an exciting moment, it's also the start of a legal obligation. When your bid is accepted, you enter into a binding contract to purchase the property or item under the terms set by the auction. Breach of ContractIf you fail to pay after winning, you are in breach of ...

The dominant strategy in an auction is to bid your true value meaning you should bid exactly what the property is worth to you personally. This strategy helps you avoid overpaying while giving you the best chance to win the property at a fair price.To determine your true value, start by researchi...