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Tempe, Arizona - Auction Houses search results Premier Listings

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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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    J Levine Auction & Appraisal LLC
    2200 N Scottsdale Rd Ste C, Scottsdale, AZ 85257
    Our services include, appraisals and consulting, live auctions in the gallery or on location, as well as web based auctions. We handle internet bidding, specialty catalog sales, estate settlements, buy-outs and purchases.
    (480) 496-2212
    Online Auctions LLC
    2233 South 15th Place, Phoenix, AZ 85034
    When you need quality auction items, get in touch with us. Whether you need to auction off items from your home, cars, coins, or other items, we're the best auction house in town.
    (480) 788-3348
    Barrett-Jackson Auction Company LLC
    7400 E. Monte Cristo Ave, Scottsdale, AZ 85260
    "The Worlds Greatest Collector Car Auction" Car Auction, online auctions, service/advertising agency, endorse collector car insurance, online auction, online bidding,
    (480) 421-6694
    Universal Business Services LTD
    1601 E Apache Blvd, Tempe, AZ 85281
    (480) 966-1828
    Recharge Plus
    2626 S Roosevelt St, Tempe, AZ 85282
    (480) 907-5078
    Rare Lion Antiques & Jewelry
    403 W University Dr Ste 102, Tempe, AZ 85281
    (480) 968-6074
    Perrona Megastore
    1445 W Southern Ave, Mesa, AZ 85202
    (480) 969-1249
    DO Overs Furniture and Consignment
    2655 W Guadalupe Rd, Mesa, AZ 85202
    (480) 820-2411
    216 N Center St, Mesa, AZ 85201
    (480) 969-1760
    Larsen Company The
    224 W 2nd St, Mesa, AZ 85201
    (480) 844-1221
    Skateboard Liquidators
    755 N Country Club Dr Ste 11, Mesa, AZ 85201
    (480) 284-4440
    Liquid Auction
    5255 S Kyrene Rd, Tempe, AZ 85283
    (480) 621-8802
    Greve Estate Sales & Appraisals
    2334 N Scottsdale Rd, Scottsdale, AZ 85257
    (480) 970-6173
    Book Gallery
    50 W Main St, Mesa, AZ 85201
    (480) 835-0757
    Qtego Auction Technology
    6101 S Rural Rd, Tempe, AZ 85283
    (480) 820-5100

    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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