Live bid auctions are just what you are used to. During a live bid auction you would expect to bid on a property just like you would expect to bid on office furniture, a vehicles or a garden tool. At an Able Realty live bid real estate auction you can always expect to see a bid-calling auctioneer and one or more bid assistants working with bidders. The function of the bid assistants are to ensure that the bidders clearly understand the previous bid, the bid amount the auctioneer is asking for and to answer bidder questions about the property during the auction. A live bid auction is typically a public event where bidders and spectators are able to enjoy the show together. Typically, properties to be sold below $250,000.00 are live bid auctions.

FAX BID

Typically we utilize the FaxBid process when dealing with commercial properties valued in excess of $500,000.00 or for very unique residential or commercial property valued in excess of $250,000.00. The FaxBid process allows bidders to bid from the comfort of their home or office by fax, or from anywhere by phone. The FaxBid auction process allows bidders more time to prepare finances and confirm partnership percentages before advancing bids. The FaxBid process only allows the top 3 "initial bidders" to proceed to the auction challenge. The auction challenge will typically take 4 to 6 hours. TWO BID

An Able Realty two bid auction includes a written pre-auction bid followed by a live auction. The auction is then a restricted event including only those bidders that submitted a pre-auction written bid. Often the bidding is further restricted to include live bidding from only the top 3 pre-auction bidders. This two bid auction system is used often when selling unique or exceptional residential real estate or with real estate along with multiple packages of other significant assets, like a turn key business package.

SEALED BID / TENDER BID

An Able Realty sealed bid auction is used when dealing with complicated commercial real estate transactions where specific terms for the purchase are not all pre-determined by the Seller. In this instance, the buyer has some room to negotiate the terms of the purchase of the property, and the seller is provided an opportunity to potentially receive a higher price, due to the terms of the deal being somewhat negotiable and in some instances, even conditional.