A: To ensure the auction date you want, the sooner the better. We recommend 3-4 weeks in advance. However, if a date is available we plan and hold many auctions within 1-2 weeks from the day of signing the contract. On extremely short notice auctions, we have the experience to set up auctions within 24hours and conduct them within just a few days.
A: Auctions vary according to how much you have to sell. Most online auctions are posted to our website for 1-2 weeks. When the auction actually closes/ends we generally close 2-5 items per minute. At a live outcry auction, we sell an average of 125 items per hour.
A: Most facilities require only one day for pick up and can be emptied within a few days after an auction closes. Depending upon the number of items in the sale as well as the logistics of the items (Is dismantling required? Does plumbing or electric need to be disconnected? Will rigging be required?) will determine the time it takes to empty the facility. For large scale auctions requiring multiple days for buyers to pick up items, we ask for 1-2 weeks after the end of the auction.
A: We usually have a check for our sellers within 15 business days after the auction. You will also receive a complete auction settlement packet including itemization of sales, commission, and expenses (i.e. advertising, labor, misc.).
A: Absolutely not! In recent years the auction industry has become the first choice for savvy sellers and is no longer considered a last resort. While a percentage of auctions are still held due to bankruptcy and other financial emergencies, the auction method has been found to perform as well and even better in non-distressed situations due to the excitement of competitive bidding.
A: All of our sales are on an “As-Is” basis. There are no warranties as to the condition and/or the fitness of the property for a particular use. We encourage our buyers to do their due diligence and inspect all items prior to the close of an auction for their own protection.
A: Very little if anything is ever ‘left over’ after an auction. If there are items that don’t sell, we can contract to take them away for trash or donation, leaving you with a “broom-swept” facility.
A: Usually Not. All expenses including commission, advertising, and labor are deducted from the auction’s proceeds.
A: Hurley Auctions is a recognized leader in real estate auctions having sold hundreds of millions of dollars’ worth of real estate at auction from the east coast to California. Our Auction Specialists can accurately assess the value of your home, so you’ll know what price to expect.
There are many advantages to a real estate auction:
If a traditional brokerage sale is preferred we can team up with our sister company Legacy Realty which offers a full line of traditional real estate services. Our licensed real estate agents can assist you in all aspects of selling your home and if needed assist you in buying your next home. Either way, you will know that you are in good hands and that we will do all we can to maximize the price you are able to obtain for your property.