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Houston, Texas - Auction Houses search results Premier Listings

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.
    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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    kitchen n bath creations
    14144 Westhiemer Road #130, Houston, TX 77077
    Your one stop shop for kitchen remodeling, granite countertops, tile floors, painting and doors. We also handle plumbing and create innovative kitchen cabinets for your convenience.
    (281) 920-3200
    Texas National Auctioneers
    Deer Park, TX 77536
    We are professional auctioneers and liquidators of personal property and real estate actions. If you own an action company and need extra auctioneers, ringmen, clerks or cahiers, give us a call. We handle all auction needs.
    (281) 479-7848
    Texas-National Auctioneers
    1010 S Broadway, La Porte, TX 77571
    Auction every Saturday features antiques, collectibles, estates, consignments, general merchandise and more! In addition to our weekly auctions, we also perform on-site business!
    (281) 842-9131
    Farr & Rydowski Estate Sales
    Houston, TX 77001
    (713) 524-8277
    Antiques & Fine Art Appraisals
    Houston, TX 77263
    (713) 973-9748
    Bank & Estate Liquidators
    421126 Po Box, Houston, TX 77242
    (713) 981-8899
    Rachel Pabst Estate Sales & Appraisal Associates
    Houston, TX 77263
    (713) 626-0179
    Christie's Fine Art
    1001 Mckinney St, Houston, TX 77002
    (713) 802-0191
    Century 21
    309 Gray St, Houston, TX 77002
    (713) 522-7474
    City of Houston Administration and Regulatory Affa
    611 Walker St, Houston, TX 77002
    (832) 394-8803
    Rosen Systems Inc
    5815 Armour Dr, Houston, TX 77020
    (713) 675-5060
    Corporate Liquidators
    650 W 6th St, Houston, TX 77007
    (713) 861-6600
    Corporate Liquidators
    630 W 6th St, Houston, TX 77007
    (713) 861-6600
    Global Chemliquidations
    198 Hirsch Rd, Houston, TX 77020
    (713) 676-0770
    Lewis & Maese
    1505 Sawyer St Ste C, Houston, TX 77007
    (713) 880-0891

    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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