Mike Brandly, Auctioneer
Auctions: Fast, Fun & and … what?
We wrote a few years ago that many consider auctions to be “fast, fun & transparent.” We noted the commonly used definitions in this...
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Mike Brandly, Auctioneer
Apr 52 min read
Auctioneer with no website
The first website was live in November 1992. I think it might have been 1998 or so when we found software and created our first...
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Mike Brandly, Auctioneer
Apr 32 min read
Value? Seller’s view? Buyer’s view?
I have consistently held that auction bidders respond to the “prospect of a deal” and that all you need is this, and adequate marketing,...
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Mike Brandly, Auctioneer
Apr 12 min read
The auction sort of worked?
The auctioneer has an auction. The final price doesn’t reach the reserve and is a no-sale. Yet, a buyer was found weeks — maybe even...
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Mike Brandly, Auctioneer
Mar 293 min read
Buy at your price? Again, no.
The auctioneer says “Buy at your price …” so I assume I will willingly bid against other bidders, and if I’m the high bidder I get the...
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Mike Brandly, Auctioneer
Mar 272 min read
Absolute auction, and can I cancel?
So, the question is: “Absolute auction, and can I cancel?” The short answer is “yes” despite what you are largely reading online and...
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Mike Brandly, Auctioneer
Mar 253 min read
NAR, Auctioneers & Settlements
A few days ago the National Association of Realtors (NAR) agreed to settle a series of lawsuits (awaiting court approval) with these key...
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Mike Brandly, Auctioneer
Mar 212 min read
Warranties and “AS IS”
Do auctioneers warrant property selling in an auction? Do auctioneers sell property “AS IS?” They do both. Warranties are nearly...
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Mike Brandly, Auctioneer
Mar 213 min read
Auctioneers advocate for what?
Sometimes I wake up and wonder what planet I’m on. In fact, I’ve written that phrase before. Today, I am learning that a select group of...
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Mike Brandly, Auctioneer
Mar 192 min read
The pace of your online auction
Recently, I attended an auction watching and listening to a very talented auctioneer — selling items anywhere from $10 up to $1,000 at a...
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Mike Brandly, Auctioneer
Mar 143 min read
Auctions and different markets
When I first entered the auction business (1982) I was only familiar with what my employer (Jack B. Smith, Auctioneer) considered...
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Mike Brandly, Auctioneer
Mar 124 min read
25 basics for every auctioneer
It seems we’re all busy and sometimes forget the very basics of the auction profession. While there are many things every auctioneer...
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Mike Brandly, Auctioneer
Mar 92 min read
Market adequately = market value
We’ve held (and been told) that the “seller confirmation” fanatics support holding auctions of this type in case the property doesn’t...
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Mike Brandly, Auctioneer
Mar 63 min read
But if there was one that didn’t work …?
I talk about the merits of auction sellers committing to sell (instead of maybe selling or maybe not.) Some auctioneers disagree and...
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Mike Brandly, Auctioneer
Mar 33 min read
Seller confirmation vs. traditional listing
Many real property auctioneers have “seller confirmation” auctions, allowing the seller to accept or reject the highest bid at the...
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Mike Brandly, Auctioneer
Feb 292 min read
You believe it? Then you don’t?
I remember countless auctioneers telling me two things about the auction business when I first took an interest in it: Property is only...
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Mike Brandly, Auctioneer
Feb 273 min read
Auctioneer: “We put a deal together”
Auctioneers tell me that they had a “seller confirmation” auction and the seller had a “secret reserve” and the auction didn’t reach that...
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Mike Brandly, Auctioneer
Feb 212 min read
Auctioneers: Talk about the property, not …
We have all probably done it, but it’s a terrible idea. For instance, an auctioneer is selling a real property improved with a home and...
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Mike Brandly, Auctioneer
Feb 182 min read
Forced to be the high bidder
Most people probably know that someone can’t be “forced” to sign a contract binding their performance rendering it invalid (or at minimum...
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Mike Brandly, Auctioneer
Feb 162 min read
Fixed versus percentage deposits
Several so-called license states have indicated that for an absolute auction, the deposit required (earnest money, good faith “deposit”)...
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