What is an Online Auction?

April 13, 2022

Thinking of selling with an auctioneer? Think about an online auction!

What is an Online Auction? 

There are a few differences between an online auction and live auction! We've broken down the difference between the two and how you can decide which option is best for your property!

According to Capital.com, Online Auctions take place via the internet and can reach a broader audience than live auctions! Auctioneers are able to reach bidders in different locations, whereas a live auction is centralized to one area. All bidding is done via internet. 

So, what can be sold at an online auction? Everything that can be sold at a live auction. From real property to personal property. What's the difference? Real property is anything from a country home to a commercial site. An example of personal property would be farm equipment. 

What auction type is better for your real estate needs? Talking with an experienced auctioneer will help you decide, but in the meantime, ask yourself the following questions: 

What is your timeline? Do you live in a rural area? How easily accessible is the property?

Have your answers ready to those questions before meeting with your auctioneer. If you're looking for more information or need to connect with an auctioneer, give us a call - (740) 965-1208! We're here to help with both live and online auctions. You can learn more about us at ucrealestateandauction.com