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1st Time at an Auction

September 6, 2018 by DLongmire Leave a Comment

Are you in the market for some antique furniture? Looking for some homemade quilts? Are you and a business partner looking to purchase a home as an investment? Then maybe you should consider attending one of our upcoming auctions!

Attending an auction can be intimating at first but please let us walk you through the process. Our outdoor auctions can be incredibly exciting and a great way to get some desired personal property or buy valued real estate. Let me answer just a few common auction questions for you!

How to Register –

Show up either an hour or 30 minutes before one of our auctions. There will be signs and Longmire Auction staff to direct you to our registration table. To register all we need is your Driver’s License or another valid form of ID (state ID, gun permit ID, ect.) We will take some basic information and then assign you a bidder number and a bidder card. You can also pick up a lot list (if there are personal property items in the sale) and other information on upcoming auctions.

Do I Have to Pay Sales Tax – 

No. Sales tax is not charged at an auction. However, a 10% Buyer’s premium will be charged and added to your purchases. For example if you bid $100 on an item, when you go to pay your total will be $110. If you bid $20 on an item your total would be $22.

When Do I Pay – 

As soon as the auction is over. Or if you need to leave before the auction is done, and you have spent all you wish to you can return to our registration table and check out. Our clerks will total your items and collect what you owe. We accept either check or cash. You have to pay the day of the auction.

Bidding – 

We have three auctioneers who are employed by our comapany. David Longmire is our head auctioneer. Luke Longmire is our auctionneer in training. They will be taking your bids. An item or piece of real estate will be brought up and shown to the audience, or described (in case of tracts of real estate) and then we are off to the races! Raise your bidder card, hollar, or raise your hand to bid. If one of our auctioneers or ringmen miss your bid please speak up and grab our attention. We don’t want to miss anyone, but especially with large crowds it can be hard to spot everyone. The best way to bid is not to be secretive (scratching your nose or blinking) but wave that bidder card in the air!

I think I would like to sell my home at an auction – 

Feel free to contact our office and speak with David Longmire. We would love to come out, inspect your home, give you an estimate on what it could bring at auction and host the auction for you.

Please come to one of our auctions. Look forward to seeing you there.

 

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