Frequently Asked Questions (FAQ’s)
What does RES Auction Services specialize in?
RES Auction Services specializes in real estate and personal property auctions. We handle a wide range of properties, including residential, commercial, industrial real estate, and various personal property items.
How can I participate in an auction?
To participate, you can attend our live auctions in person, bid online through our website or partner platforms, or leave absentee bids. Each auction will have specific instructions on how to register and bid.
Are there any prerequisites for participating in auctions?
Typically, there are no prerequisites. However, some high-value items or real estate might require pre-qualification. Please check the specific auction details for any special requirements.
How do I register for an auction?
Registration details are provided on the auction event page on our website. You can also register in person at the auction venue or online through our bidding platforms.
Can I inspect items before bidding?
Yes, we encourage potential bidders to attend our scheduled preview dates to inspect the items in person. For real estate, we often arrange open house events.
Is there a buyer’s premium?
Yes, there is typically a buyer’s premium, which is a percentage of the final bid price. This premium is added to the bid amount to determine the total purchase price. Check each auction’s terms to see the specific BP for that auction.
How is the bidding conducted?
Bidding can be live, online, or a combination of both, depending on the auction. Our experienced auctioneers facilitate live bidding, while online bidding allows participants to bid remotely in real-time.
What happens if I win an item?
If you win an item, you will receive an invoice detailing your purchases and the total amount due. Payment instructions and pickup/shipping details will be provided in the invoice.
Can I sell items through RES Auction Services?
Yes, we welcome consignments. If you have items or properties you’d like to sell, please contact our team. We can guide you through our proven process.
Are the terms and conditions the same for all RES Auctions?
No, terms and conditions vary for each auction. Please read the specific terms related to the auction you’re interested in. For further clarification, contact the lead auctioneer for that particular auction.
What are the general terms for real estate auctions?
Real estate terms can include a buyer’s premium, necessary inspections prior to bidding, property selling in “AS IS” condition, and various fees related to deeds, titles, and escrow. Properties might also be subject to CAUV tax recoupment, and acreage/frontage amounts are approximate. Nonrefundable down payments and specific indemnity clauses are standard.
What are the terms for equipment auctions?
Equipment and personal property items are sold AS-IS, with no warranties or guarantees expressed or implied. Buyers should note that all sales are final. Payment methods accepted include Cash, Check, Wire Transfers, Visa, MasterCard, and American Express.
Can items be shipped after purchase?
Yes, items can be picked up onsite following the auction, or shipping is available for select lots. Contact 833-765-3737 to confirm shipping arrangements after winning a bid.
What are the online bidding terms?
A Buyer’s Premium is added to the total purchase for online bidding. These fees vary based on the auction and online bidding platform. All accounts must be settled at the auction’s conclusion, and various payment methods are accepted. Buyers should provide accurate contact information for effective communication.
For any other questions or clarifications, feel free to contact us at 330-845-4411 or email@example.com. Your understanding of our terms and policies is important to us.