As a Buyer, What Day of The Week and Time Do You Like?

December 5, 2011

Several times a year we have a debate in the office as to which day of the week is best to have auction.

For many years we believed that Saturday was the ONLY day to hold the auction, regardless of what we were selling. Saturday seems to be a day filled with a lot of competition for our time, from soccer games, honey do lists, other auctions, mowing the lawn, etc.

Once we decided to let tradition take a back seat to our desire to free up our own Saturdays, we started to evaluate the remaining days of the week.

There are several Auctioneers that conduct auctions on Sunday, and while the competition for our time might be less, we decided against this day as a desire to spend this time with our family.

With that in mind, on average, what day of the week gives you the best opportunity to participate in an auction?

The next logical question is what time of day? If the bidding is taking place live vs online only, does this have an impact on your ability to participate on your chosen day or time of day?

If you are auctioneer who is responding to this post, please try to do so thinking of yourself as a buyer.

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Posted by robmayo

10 Myths of Real Estate Auctions – Myth 9

October 3, 2011

Myth 9 – All auction companies are the same, and all auctions are run the same.

Make sure you read the terms and conditions for each auction and that you call the auction company to ensure that you understand their use of specific terminology.

There are many variables that should not be assumed to be the same for every company. One example is that some companies utilize a percentage of the high bid while others utilize a flat amount for the deposit on auction day.

Other considerations are licensure and continuing education within the real estate and auction industry. It is important to work with auctioneers who are committed to their industry. Several questions to ask a prospective auctioneer or auction company are:

Are you actively involved in the National Auctioneers Association? Do you have additional certifications of industry related education such as Certified Auctioneers Institute, Accredited Auctioneer of Real Estate, Auction Technology Specialist, etc?

It is my opinion that we should never stop learning, and never stop striving to be the best that we can be. This is the only way that we can ensure that we are always on the cutting edge, and suited to help our clients in their time of need.

There are a lot of great auctioneers and auction companies out there to choose from. Understanding the differences between them can help you find a provider who is a good fit for you and your specific needs.

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Posted by robmayo

Texas Auctioneers and Triage

June 18, 2011

It has been a couple of years since my last visit to the lone star state when I bought a truck from an eBay seller in Dallas. That is a whole other topic for another day.

My first visit was in 1989 when I was assigned to Fort Sam Houston in San Antonio as a fresh US army recruit straight out of basic training.

At Fort Sam I learned the skills of an EMT (Emergency Medical Technician) and Army Medic. One of the most important things I learned was the principle of triage.

Triage is the process of evaluating multiple casualties or patients and applying the necessary treatment in order of necessity.

Although what we do is not life or death, it is very important to our clients.

Understanding triage has helped in my personal and business life in many ways. One example is as busy auctioneers, we often have many projects running simultaneously. These auction events are always time sensitive and our clients depend on our ability to execute the necessary elements in a timely manner for a successful sale of their property or assets.

Having the ability to continuously prioritize and reassess the many elements in each project while remaining focused on providing the best service possible has helped me tremendously in my career as a professional auctioneer.

I had a wonderful time at The Texas Auctioneers Association Convention, and hope that my presentations on auction technology was of value and service to those attending.

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Posted by robmayo

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