Category: Auction Tips

4 Red Flags to Watch for that Signal an Auction is a Scam

Auctions are great for people who want to sell their items, house, or land quickly, and buyers looking for a bargain. Unfortunately, there are others who will prey upon your interest in these benefits and run a scam auction, for both live and online events. These scams may include overpricing items or selling items the… Read more »

3 of The Biggest Mistakes Bidders Make at Auctions

Going to an auction to battle for a property or an item you have your eye on can be intimidating. You might be scared to overbid and waste money, underbid and miss out, or even speak up and place your bid in the first place. But when you finally hear the auctioneer say “sold!” on… Read more »

An FAQ On Online Auction Bidding

Internet and smartphone technology have truly revolutionized different industries far and wide—and the auction industry is no exception. Virtual auctions and mobile apps make it easy for bidders and buyers to connect quickly and from the comfort of their own homes. Here at Smith & Co Auction & Realty, we like to make it as… Read more »

4 Steps to Prepare for Auctioning Your Farm Equipment

When you’ve decided to invest in new farm equipment or liquidate your farm altogether, an auction is one of the most efficient ways to sell your old machinery. Farm auctions attract a wide pool of potential buyers to compete for your items, driving up the price and getting them off your hands in a single… Read more »

3 Strategies for Winning an Online Auction

Virtual auctions and online auctioning platforms have emerged more prominently over the past decade and made auctions far more accessible to both buyers and sellers from all over the world. With their many benefits, it’s not hard to see why online auctions have become so popular. But remember—winning at an online auction is going to… Read more »

Auctioneers Association & Choosing an Auction Company

The Oklahoma State Auctioneers Association [OSAA], founded in 1955, was created to establish a community of fair auctioneers and buyers. As a full-service auction and realty company, Smith & Co Auction & Realty is dedicated to providing exceptional service for both buyers and sellers. There are many advantages to joining an auctioneer’s association, here are… Read more »

How Technology Has Changed Auctions

The history of auctions dates back to 500 B.C. The Roman Empire used auctions to liquidate and estate goods. The earliest records of auctions can be found in the 1595 Oxford English Dictionary. As times have changed the face of auctions has transformed to accommodate the digital age. When most people think of online auctions,… Read more »

Tips for First Time Auction Buyers

Auctions are a great way to purchase real estate, antiques, and rare items. If you are new to auctions, however, there are a few things to keep in mind to make your experience as smooth and enjoyable as possible: Arrive Early Most auctions have 90 minutes of preview time before the event gets started. This… Read more »

Auction Terms You Should Learn

At auctions, you can expect auctioneers to be talking a mile a minute and buyers quickly waving their paddles in the air. Although the process is fairly simple there are many terms that an inexperienced bidder wouldn’t know.   Knowledge of these  common auctioneer terms can be the key to success: Auction chant                                 Known as… Read more »

­­­­­­­Benefits of Real Estate Auctions

Trying to buy or sell a home or property on your own can become a headache and a hassle. What if few, if any, people are interested in it? How are do you find the right buyers?   An auction, on the other hand, is about bringing like-minded people together for a purpose, and auctions… Read more »