Why do auction terms and conditions sell using cash bids?

Cash bids require that buyers bid as if they are spending cash, but in most cases, the buyer will require financing. If a buyer requires financing they must follow through on their bid amount no matter what. This ensures that the seller receives the highest bid...

What is a professional auctioneer?

In the auction industry, the word ‘professional’ carries no official definition. Anybody can say they are a ‘professional’ auctioneer. When choosing an auctioneer to carry out your land auction, do your research and check the credibility of any prospectives. When...