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Brussels, Illinois - Auction Houses search results Premier Listings

Dr. Robert Friedman & Sons Stamp Company
Stamp expert & buyer with over 40 years of experience.
Compare All New Lincoln
Check Out and Compare New Lincoln Models. Dave Sinclair Lincoln. STL.
Dave Sinclair Ford
Large Inventory of New Ford Cars, SUVs and Trucks. Visit Us Today.
Terry Frazer's RV Center
Your Place For RV's.
 
Popular House Auction Terms

In 2010, 2.87 million homes were repossessed and auctioned due to defaults on mortgage payments. Fortunately, this trend has made it more affordable for new homeowners to acquire property through auctions. Similiar to real estate auctions are estate sales, in which a deceased person's possessions are sold in one auction or piecemeal. Here is some of the common terminology used in the practice of auctioning real estate and estate sales.

  • Absentee Bid – If you’re dying for a rare antique you found on an online auction but can’t make the showing, consider placing an absentee bid. This bid can be submitted orally or in writing in lieu of your presence
  • Accredited Auctioneer, Real Estate – The Auction Marketing Institute designates this professional certification to auctioneers who possess the proper education credentials and a track record of good practices and ethics.
  • Appraisal – When a home is appraised, its property value is assessed by a third-party company. This information is essential to placing a bid.
  • Bank Letter of Credit – When a bidder is not paying with currency, a certified letter from the bank may be obtained to verify the person’s eligibility for credit.
  • Bid History – A historical account of all the bids made at an auction. By looking at the bid history, you can find out whether it’s worth it for you to place a bid yourself.
  • Estate Sale – An estate sale will involve an auction selling all of a deceased person’s property, including the person’s land, house, fine art, jewelry and other items of value.
  • Tax Sale – A tax sale differs from a foreclosure. A house is foreclosed as a consequence of mortgage default. A tax sale is conducted by the government when property taxes are not paid.
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    National Auctioneers Association
    Overland Park, KS 66214
    The National Auctioneers Association represents the interests of the premiere auction houses and auctioneers across the country. Providing networking and business resources for your auction house.
     
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    Bill Cockrum Liquidation
    100 Chesterfield Business Parkway, Floor 2, Chesterfield, MO 63005
    BCL Auction offers business liquidation auction services to St Louis, and the surrounding Midwest. Our professionally certified auctioneers and appraisers are ready to go to work for your business.
    (314) 429-4112
    Top Shop Auctions Inc
    9655 Drive In Road, Germantown, IL 62245
    Top Shop Auctions is a Family Owned Corporation Co-Founded by brothers Jay and Steve Staser in 2009.
    (618) 523-4296
    U 1 Auction Bid Inc
    1023 W Dorlan Ave, Springfield, IL 62702
    Weekly Online Consignment Auction featuring everything from estate jewelry to automobiles, motorcycles and more.
    (217) 753-2669
    Hamann Auction
    806 Clarence Dr, Saint Charles, MO 63301
    (636) 724-5671
    Fox Bluff Estates
    2982 Fox Bluff Dr, Saint Charles, MO 63301
    (636) 947-7394
    America's Finest Auction House
    2035 Campus Dr, Saint Charles, MO 63301
    (636) 757-3300
    Harts Auction Center
    224 Sonderen St, O Fallon, MO 63366
    (636) 240-2080
    Aplicance Liquidators
    2017 Highway K, O Fallon, MO 63366
    (636) 379-3883
    A New Beginnings Estate Sales, LLC
    1414 Garnet Dr, O Fallon, MO 63366
    (636) 866-6408
    Home Decor Liquidators
    293 Mid Rivers Mall Dr, Saint Peters, MO 63376
    (636) 279-1543
    Golf Club Liquidators
    735 Saint Francois St, Florissant, MO 63031
    (314) 838-4653
    Auction Warriors Resale
    2 Mullanphy Garden Shopping Ct, Florissant, MO 63031
    (314) 839-7746
    Jca Furniture & Auction Center
    919 S State St, Jerseyville, IL 62052
    (618) 639-9211
    Home Decor Liquidators LLC
    8780 Pershall Rd, Hazelwood, MO 63042
    (314) 522-8886
    Total Resource Auctions-St Louis
    3847 Taussig Ave, Bridgeton, MO 63044
    (314) 227-2077


    Auction houses provide venues for people to offer various items of property for sale in a specific way. People can bid on property presented in auctions at more informal locations, or even online through websites such as eBay. Auction houses, on the other hand, can provide a greater assurance of professional standards. For one, auctioneers may appraise the value of works of art prior to people arriving to bid on these. Auction houses thus aim at facilitating the sales process. These establishments can be operated either by government or private, profit-driven entities. The former option can come into play when property owners have violated laws or regulations. The government might thus put up the cars which previously belonged to criminal offenders for sale. Without reducing the prices for which property is fully worth, furniture auctions and other transactions of this kind could provide benefits to less wealthy individuals. The more common and widespread venue of private auction houses can allow for visitors to bid for rare items of property. They could show, for instance, rare art, jewelry, or coins. Real estate, such as buildings or parcels of land, might also be presented to potential purchasers in this manner. When homes are foreclosed upon, auctioneers could place such items of property on the market. The inventory of varied items presented at auction could also assist people in adding historic or antique pieces to their collections. Auction houses generally represent likely locations for finding antiques and the like. While auctioneers can act dishonestly by rigging bids, all who do so will typically suffer legal ramifications, like fines, and a diminished professional reputation. In any case, auction houses should do all they can to preserve the compact of trust between themselves and their customers.
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