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COMPANY HISTORY


FREQUENTLY ASKED QUESTIONS


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Table of Contents

  1. How do I book an auction with Uncle Sam AUCTIONS.com Inc.?
  2. Where can I find a Certified & Licensed Auctioneer?
  3. Why doesn't everyone sell at auction?
  4. Who is responsible for auction expenses?
  5. What is an "ABSOLUTE" Auction?
  6. When is the best time to sell?
  7. Who pays the commission?
  8. Why should I sell anything at auction?
  9. Ask your own question.  Click here-> auctions@nycap.rr.com 

How do I book an auction with Uncle Sam AUCTIONS.com Inc. ?

Simply call (518) 274-6464 and ask for Ralph or Hannelore Passonno or book on line

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Where can I find a Certified & Licensed Auctioneer?

Uncle Sam AUCTIONS.com has two (2) Certified and Licensed Auctioneers.

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Why doesn't everyone sell at auction ?

All properties and items are not always auction candidates.  One must consider the market place, the economy, supply and demand and the encumbrances, if any.

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Who is responsible for auction expenses?

It depends upon what the agreement is between the seller and the auction company.  generally, the expenses are the responsibility of the seller(s).

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What is an "ABSOLUTE" auction?

An auction where the item or property offered is sold to the highest bidder, regardless of price. There is a high risk in this technique and a detailed discussion of the ramifications of this process should take place with the auctioneer before this type of marketing is undertaken.

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When is the best time to sell?

There are many factors to consider; time of year, weather conditions, economy, marketing budget, and many other factors which should be discussed with your professional auctioneer/consultant.

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Who pays the commision?

In real estate, the BUYER pays the commission.  With personal property the commission structure varies depending on each individual case.

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Why should I sell anything at auction?

Whether you are selling real and/or personal property, there are many advantages to the auction marketing method. You name the day and time of sale.  The auctioneer creates a competitive atmosphere which generates the "real" value. There are no contingencies.  Buyer pays the commission.  Items and properties sell "As Is" and "Where Is".  All sales are final. These are a few of the auction advantages that do not exist in the traditional market.

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Revised: July 03, 2009 .

 

 



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