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Irving, 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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    Anvil Auctions
    1822 Southstone Ln, Irving, TX 75060
    Full-service auction company, based in Irving, Texas, that conducts various including business liquidations, collectibles, estates, benefits/charities, and consignments
    (972) 790-2214
    Heritage Auctions
    3500 Maple Ave Ste 17th, Dallas, TX 75219
    Specializing in art and antiques, rare coins, currency, historical items and rare comics. We also handle entertainment memorabilia, sports collectibles, fine and rare wine, and rare movie posters. Guitars too.
    (214) 528-3500
    Estate Liquidators
    Dallas, TX 75201
    Our liquidators specialize in real estate and all estate property liquidations. Whether you want to buy or sell, we can connect you to the auction, appraisal, and other liquidation services that you need.
    (972) 818-3000
    Anvil Auctions
    1822 Southstone Ln, Irving, TX 75060
    (972) 790-5817
    City of Irving Purchasing Dept
    845 W Irving Blvd, Irving, TX 75060
    (972) 721-2631
    Fasig Tipton
    1000 Lone Star Pkwy, Grand Prairie, TX 75050
    (972) 262-0000
    Insurance Auto Auctions
    4226 E Main St, Grand Prairie, TX 75050
    (972) 522-5000
    Alan Jones Auctioneers
    2470 Nw Dallas St, Grand Prairie, TX 75050
    (972) 641-7115
    American Auction House
    2465 Houston St, Grand Prairie, TX 75050
    (972) 975-3069
    Main Auction Services
    1718 W Main St, Grand Prairie, TX 75050
    (972) 642-0513
    Recer Auction Service
    2623 Freewood Dr, Dallas, TX 75220
    (214) 381-9529
    D Associates
    9949 Ontario Ln, Dallas, TX 75220
    (214) 352-2791
    Fashion Shoe Liquidators Inc
    2211 Vantage St, Dallas, TX 75207
    (214) 638-2076
    Dallas Auction Gallery
    2235 Monitor St, Dallas, TX 75207
    (214) 653-3900
    Fashion Shoe Liquidators Inc
    2222 Vantage St, Dallas, TX 75207
    (214) 631-4812

    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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