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Tim Henry
- Jan 14, 2019
- 2 min
How do Property Auctions Work?
Understanding the types of property auctions and the steps in an auction. Types of Auctions Absolute Auctions In an absolute auction, the property will absolutely sell to highest and last bidder regardless of price. This is rarely used in selling real property these days. Absolute auctions are primarily used in the sale of personal property such as: automobiles, goods, machinery, coins, and furniture. Auction with Reservation This type of auction is primarily used in the auc
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