Multiple Seller/ Multiple Property  Ballroom Auctions
Usually held at major hotel ballroom and offering up to 300 properties at a time. We offer a number of properties on a large board. This is backed up by a power point presentation and multi pictures of each property offered. This allows multiple sellers to pool their properties, and advanced fee advertising budgets creating a larger auction event. We have pooled investors ,bankers, builders, developers and Realtors. This provides an shared spot light on all properties, allowing inclusion of smaller properties for attractive advertising contributions and brings together buyers for various properties to the central location . At the same time a streaming audio Auction live on the internet is run with pre-approved bidders. When the internet bids hit the live crowd bids right back. I just love a live Auction.

Sealed Bid Offerings.
An Auction sign brings more attention to a property than anything else. One of the first real estate auctions I did was in Micanopy Florida. I had a 4 x 8 Auction sign made in bright , bright yellow with black letters. An elder fellow was so intense on the sign while we were putting it up that he ran off the road and took out a row of mail box's. He did return the day of auction. We run 30/ 60/ or 90/ day sealed bid auctions with an info page on the internet backed by newspaper advertising. But the idea is to put sellers and buyers together. Sealed bids can always be followed by a call auction. The idea is to get some one to look " You can't catch fish with out fishing". This allows bidders to submit bids and the seller can accept or reject an offer, but interest and communication have started.

Contingent to sellers approval
IN this case we perform a Live call auction. When we get the highest and best offer we'll sit you down and it's time to get real. Should a Would a Could a/ Here's reality there's the  CASH do you want to close?  We have saved a lot of folks from upcoming Foreclosure, Divorce ,Bankruptcy or what ever. " You can Jump out of the plane now, or ride it to the scene of the crash" . We're there to help. At A contingent to approval sale we charge an guaranteed minimum auctioneer fee .

Essentially, there are three types of auctions: absolute auction (or auction without reserve); minimum bid auction; and reserve auction (an auction subject to confirmation). Another type of auction is a foreclosure auction. The characteristics of each type of auction are outlined below:

Absolute Auction:

• Property sells to the highest bidder, regardless of the price. It is sold as is where is with out contingency's in the contract .
   
• Since sale is guaranteed, buyer excitement and participation are heightened.
   
• An Absolute Auction Generates maximum response from the market place, thereby being the only auction process to ensure attaining true market value. We do average  30 to 40% more bidders at an absolute auction. They realize that the item will be SOLD and that no game is being played. Top Bidder ,Going once ,Going twice, Going Three times.... SOLD!    

• Auctioneer starts bids at or above a published minimum price. Seller must accept this price. This minimum price is usually stated in the brochure and advertisements.
   
• Reduces risk for seller if the seller wants a set price or will not sell. The sales price must be above a minimum acceptable level. Auctioners may add a Buyers Premium to the top bid .
   
• Buyers know they will be able to buy at or above the minimum. The seller may, however, limit interest in the auction to only those buyers willing to pay the minimum bid price, and therefore it must be low enough to act as an inducement rather than a hindrance. It is not only difficult to set this lower figure, but there is a great risk of setting some form of anticipated value by using this figure. People go to an auction to find Gooddeals, You can count that they have all done their homework and know value and always want it for less. If they know that a price is set to high will they come?

Reserve Auction:

• With a reserve auction, the high bid is reduced, in effect to an offer, not a sale.
   
• A minimum bid is not published, and the seller reserves the right to accept or reject the highest bid within a specified time --anywhere from immediately following the auction up to 72 hours after the auction concludes.
   
• Sellers predetermine the price at which the property will be sold and are not obligated to confirm a sale other than at a price that is entirely acceptable to them.
   
• The main disadvantage of a reserve auction is that prospective buyers usually will not invest the time and expense of due diligence when there is no certainty they will be able to buy the property even if they are the highest bidder. The level of excitement at this type of auction is much lower, and this process affects attaining market value significantly.