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Quincy, Illinois - 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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    Missouri Auto Auction
    421 N Rangeline Rd, Columbia, MO 65201
    At Missouri Auto Auction we have the joy of greeting each automotive dealer personally every Friday with a handshake. Dealer sale EVERY Friday at 9 am.
    (573) 886-0032
    Value Auction Barn
    1591 Old Us Hwy 40, Columbia, MO 65203
    Value Auction Barn in Columbia is the leading auction house in mid Missouri. Please come visit today and participate in our next auction!
    (573) 814-1137
    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
    Hanlin's Auction Service
    812 Hampshire St, Quincy, IL 62301
    (217) 223-0063
    Hanlin Auction Service
    419 S 7th St, Quincy, IL 62301
    (217) 223-0063
    Community Auction Center Inc
    3555 N 24th St, Quincy, IL 62305
    (217) 224-3212
    Ewalt Auction & Real Estate
    2903 S 12th St, Quincy, IL 62305
    (217) 224-3524
    Davis Auction & Realty Co
    Quincy, IL 62305
    (217) 223-3306
    Green Parrot Auction
    167 E 1095th St, Payson, IL 62360
    (217) 656-3986
    Pewee's Truckload Sales & Auction
    411 Marion City Rd, Palmyra, MO 63461
    (573) 769-2670
    Yancey's Auction Service
    7 Sunny Slope Ave, Hannibal, MO 63401
    (573) 221-4161
    Miller Auction Center
    506 W Wood St, Camp Point, IL 62320
    (217) 593-6060
    Harlow Auction Service LLC
    54852 Owendale Ln, New London, MO 63459
    (573) 406-4827
    Gooding Wayne O Auctioneer
    106 E Davis St, Bowen, IL 62316
    (217) 842-5567
    Sullivan Auctioneers & Realty
    1066 E Us Highway 136, Hamilton, IL 62341
    (217) 847-2160

    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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