Frequently Asked Questions
~ Auction FAQs ~
- Experience! The Auction Team has sold over 500 real estate auctions valued in the multi-million dollars, over 50 million dollars of heavy equipment, and hundreds of thousands of dollars of business and estate property. The Auction Team boasts over 50 years experience in the auction business.
- Education! The Auction Team auctioneers have all earned the CAI designation (the highest designation given in the auction industry) and are licensed real estate brokers. We also hold the AARE (Accredited Auctioneer, Real Estate) certification and GPPA (Graduate Personal Property Appraiser). We pride ourselves in staying on top of the ever changing auction industry.
- Marketing! “Proper advertising and promotion makes for successful auctions.” We believe that this is the key element in making your auction a success. The Auction Team has won multiple awards, given by our peers, for our marketing programs. We use our 20 years of experience to develop the right marketing plan for your specific auction. A mailing list that has been developed over the past 20 years, online bidding, four color brochures, and newspaper advertising are common for every sale. Your suggestions are also included in our marketing plan. We are committed to properly marketing YOUR property to attain the highest value on auction day! For a confidential, no cost, consultation, please call 970-245-1185 or e-mail us at doug@theauctionteam.com. We look forward to working with you.
- Ethics! Professionalism, honesty and proven track record.
Are you members of local and national organizations?
Yes, we are current members of:
- National Auctioneers Association
- Colorado Auctioneers Association (Steven is Past President and Doug is President Elect)
- Auction Marketing Institute
How will you advertise my auction?
“Proper advertising and promotion makes for successful auctions.” We believe that this is the key element in making your auction a success. After sitting down with you we use our 20 years of experience to develop the right marketing plan for your specific auction. A mailing list that has been developed over the past 20 years, online bidding, four color brochures or postcards, and newspaper advertising are common for every sale. Your suggestions are also included in our marketing plan. We are committed to properly marketing YOUR property to attain the highest value on auction day!
Do you collect sales tax at your auctions?
Yes, we collect sales tax on each item sold. We will then be responsible to pay collected state and local taxes to the appropriate entities.
How long do I have to wait before I get paid?
You will receive an auction summary and check no later than 21 days after the sale.
What are the advantages of an auction?
- It is the fastest, most efficient, and most effective way to convert property into cash.
- Establishes the date, time, and place when the property will sell.
- Everything sells.
- Stimulates competitive bidding between motivated buyers.
- Often achieves more than the anticipated selling price.
- Eliminates time consuming buyer/seller negotiations.
- Focuses the spotlight on your property.
- Brings many motivated buyers together at the same time and place.
- It is an effective price setting mechanism that takes into account current market variables.
- Eliminates the need to speculate as to the fair market value of each individual item.
Why do I see so many auctions, specifically real estate auctions in the media/advertising?
Yes, you are not just imagining this. For 20 years The Auction Team has been conducting successful real estate auctions. Today, thousands of auctioneers and real estate brokers are jumping on the “bandwagon”. Why? BECAUSE IT WORKS! The old conventional listing and selling is quickly becoming as extinct as the dinosaur. The auction industry is a 250 billion dollar industry and growing 8-10% a year. Find out why proper marketing equates to top dollar for your assets. Call 970-245-1185 or e-mail doug@theauctionteam.com.
If I can’t attend the auction, can I bid online?
Yes, we offer online bidding for all of our auctions. This is something that the Western Slope has not seen from others. We have been pioneers – being the first to offer online bidding and have offered it for years. You can go to our auction calendar and find all the information you need to bid online.
For a confidential, no cost, consultation, please call or
e-mail us at doug@theauctionteam.com.
The Auction Team
1610 Hwy 50 SouthGrand Junction, CO 81503
970-245-1185
