In the auction process, there are two types of auctions. That’s right, TWO. Simple isn’t it. ABSOLUTE and RESERVE (also
called UPON CONFIRMATION).
- ABSOLUTE AUCTION – If a specific property is advertised as an absolute auction, then the property
is going to sell…….PERIOD. It will sell to the highest and last bidder recognized by the auctioneer.
- RESERVE or UPON CONFIRMATION –
In a reserve auction or in a "upon confirmation" auction, the seller reserves the right to accept, decline, or even counter-offer
the final and highest bid acknowledged by the auctioneer.
As a seller, you make the determination as to the type of auction you wish to be conducted on your behalf. The professionals
at YOUNT AUCTION AND REALTY will use their 25+ years of experience to assist you in making the appropriate decisions. Our goal
is to gain you the maximum price for your property that the market will allow.
© Copyright 2021 Yount Auction and Realty, Inc.
P.O. Box 742 Claremont, NC 28610 828-459-7335 828-459-2070 (Fax)
Auction Terms; Page 1
Why Auction Your Property
Yount Auction and Realty, Inc.
P.O. Box 742
Claremont, NC 28610