Buy At Our Auction
HOW TO BUY AT AUCTION
Auctions are truly a win-win proposition. You know what the absolute, immediate market price is for that item at the moment you were looking to buy.
If you are not already a registered bidder with Rogers Community Auction please stop in our Main Office or Auction Barns (hours vary) with a photo ID to register for your Buyer’s Number (Yellow Card). Registration is free.
Products to be sold are available for potential buyer inspection. In addition to perusing items in person, photos of some items are often posted as consignments arrive, so check back often as new photos are posted on the corresponding albums within this site.
If you are bidding pay close attention to the Auctioneer. As the price increases you simply keep bidding until you are no longer comfortable with the price offered or until the competing bids drop off and you have the winning bid. If you have the winning bid – Congratulations!
Payment Terms are Cash, Check, Debit or Credit (Mastercard, Visa or Discover). Sales tax is charged when applicable. 3% is added to debit/credit payments. Checks should be made payable to Rogers Community Auction.
COMMON AUCTION TERMS
Selling an item without warranties as to the condition and/or the fitness of the property for a particular use. Buyers are solely responsible for examining and judging the property for their own protection. Otherwise known as “As Is, Where Is” and “In Its Present Condition”.
A method of selling property and real estate in a public forum through open and competitive bidding. Also referred to as ” Public Auction,” Auction Sale” or “Sale”.
The person whom the seller engages to direct, conduct, or be responsible for a sale by auction.
A prospective buyer’s indication or offer of a price he/she will pay to purchase property at auction. Bids are usually in standardized increments established by the Auctioneer.
BIDDER / BUYER’S NUMBER
The number issued to each person registered at an auction. Please note that partners or family members may choose to share one number (we can issue extra cards). This allows them to split up and bid on items throughout the sale when multiple auctioneers are conducting sales while still providing one payment at the close of the auction.
A method of sale whereby the successful high bidder wins the right to choose from a grouping of similar or like-kind properties/items. After the high bidder’s selection, the property/item is deleted from the group, and the second round of bidding commences, with the high bidder in round two selecting a property/item. That property/item is then deleted from the group, and the next round begins, continuing until all properties/items are sold.
A Latin term meaning “Let The Buyer Beware!” A legal maxim stating that the buyer takes the risk regarding the quality or condition of the property purchased. Sometimes the property may be protected by warranty, but this is a rare occasion.
The person employed by the principal auctioneer or auction firm to record what is sold and to whom and for what price. The Clerk will confirm your Bidders’s Number if you are the high bidder. Be prepared to show our clerk your Yellow Bidder’s Card to confirm that your number is correct.
The fee charged to the seller by the auctioneer for providing services, usually a percentage of the gross selling price of the property established by contract prior to the auction.
CONDITIONS OF SALE
The legal terms that govern the conduct of an auction, including acceptable methods of payment, terms, buyer’s premiums, possession, reserves and any other limiting factors of an auction. Usually included in published advertisements or announced by the auctioneer prior to the start of the auction. Please pay careful attention to the Auctioneer’s instructions. These are important details of the sale.
*Please note that all information contained herein is believed to be true and accurate. We defer to the decisions of Owners/Operators/Management over posted information.