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After the decision is made to have Coldwell Banker-McMahan conduct a live onsite auction you will decide to have either an Absolute Auction (property will sale with No Reserve) or an Auction with a Reserve, or an Online Auction.
3 Stages of a Real Estate Auction
*Pre-Auction Preparation
*Auction Day
*Post Auction –Real Estate Closing
THE TIME TABLE FOR HAVING AN AUCTION
Days to Auction
Contract executed
60
Gather information
45
Proof brochures (if any)
30
Signs on site
28
Site preparation
21
Print advertising
21
Brochures on site
14
Follow up with potential buyers
10
Final site preparation
7
Live auction
0
Closing
typically 30 days
Brad Hilton
Principal Auctioneer
270-234-3722
bradhilton@cbmcmahan.com