COMMON QUESTIONS:
Question: Are these contracts legal and binding in a court of law?
Answer: Yes. Everything you sign can be used in a court of law to prove a case.
 
Question: Do I have to sell something (large ticket items ie. vehicle, house) if it does not bring
enough money?
Answer: No. All big ticket items are sold with reserve or "owner confirmation", as we call it.
You do not have to be present at the auction to give a yes or no, but we ask you be near a phone.
 
Question: Is there a charge for having a "no-sale" at an auction due to it not bringing enough money?
Answer: No. There is no charge.  For example, if a house does not sell the day of auction, there is no charge to you other than the agreed upon terms.
 
Question: Can I sell real estate at auction if it is listed with another realty company?
Answer: Yes. We will work with the listing agent to suit everyone's financial needs.
 
Question: If I am a real estate agent and I bring a buyer to a real estate auction, will I receive any monies?
Answer: Yes. Selling a piece of property at auction is different than conventional though.  We do not split the commission, however, you will be paid a finder's fee.  You will also not be responsible for paperwork, since everything is sold as is
 
Question: Can I sell anything prior to the day of sale?
Answer: No.  Once you sign the contract, you can not legally sell, throw out, or give away any of the items to be auctioned.
 
Question: I bought something at auction and now I don't want it.  Do I have to pay for it?
Answer: Yes.  Once you lift the bidder's card up in the air, and the auctioneer says "sold", it is a legal and binding oral contract between the buyer and seller, and will uphold in a court of law.
 
Question: What if I didn't know it was broken?  Am I still obligated to pay for it?
Answer: Yes.  You must still pay for the item, even with real estate.  Everything is sold "as is" and "where is".  Buyers beware.
 
Question: My parent is in a nursing home, and I must sell their personal property.  Can I hire you?
Answer: Yes.  As long as you have the power of attorney, and can show proof, you are entitled to hold an auction.
 
Question: I don't think I can bear to see my things being sold.  Do I have to be at the auction?
Answer: No.  You absolutely do not have to be there.  Whether it's personal property or real estate, you do not have to be present.  You have hired us to take care of it all.

Question: Where did the title "Colonel" come from in the auctioneering world?
Answer: Auctioneers who are auction school graduates have traditionally been referred to as Colonel because at the end of the Civil War, the Colonel of the winning army was called upon to auction off the "spoils of warfare".
©Copyright 2007 Carolina Liquidators Auction Company. All Rights Reserved.