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Frequently Asked Questions....

HOW ARE ITEMS SOLD AT J3?
First, we try to sell items individually. However, we can only sell that is requested by the public individually.

When items are not requested to sell individually, they are sold by the flat ful1.  Sometimes one or more flats will even sell together if one flat does not sell by itself.

Everybody has possessions and unfortunately these goods will not sell individually. They are sold by the box full. Again, sometimes it is necessary to sell 1 or more boxes together for them to sell.

Our last resort is to group items/boxes together and sell by large lots or by the skid.

The auctioneers and staff of J3 will place your items in the appropriate auction rings according to our experience of previous sales.

We try to treat our consignors equally, if you are not happy with our policies and conditions, we may not be the auction company for you. Thank you for your consideration.

HOW DO I BID AT AUCTION?

It's simple! At the beginning of the sale, just visit the auction office to obtain your bid number. Identification will be required at your first auction. Then hold your bid number high so that the auctioneer will see you as you are bidding. Can't understand how much is asked? Just listen closely to the auctioneer or ask a ring assistant. They will help you with your bid. Please remember, a bid is a verbal contract between you and the auctioneer. If you are the high bidder and the auctioneer declares the item sold, it is now your responsibility to secure the item and pay for it.

CAN I SET A MINIMUM ON MY ITEMS THAT SELL
Some reserves will be accepted by the J3 Staff, If an item does not meet the reserve there will be a 5% commission on the set reserve. Usually only jewelry and automobiles have a reserve. Since there are many items to be sold each Day, all items are usually sold without reserve. This allows the auction to maintain a reasonable duration of time. Please keep in mind that J3 marketing will bring the buyer to the auction.

WHEN I SELL MY HOUSE AT AUCTION, MAY I SET A RESERVE?
Yes! Although a home that is sold absolute, or to the highest bidder, is a great marketing strategy, a reserve may be placed on the home. The reserve is not disclosed to the public and the home will be fully marketed to obtain the highest price.

ARE HOMES SOLD AT AUCTION TYPICALLY FORECLOSURES
OR IN NEED OF REPAIR?

Absolutely not! Homes sold at auction are typically good homes that need good owners. Sellers may opt to hold a real estate auction verses a typical listing so that they may sell the property faster with less selling costs. The properties sold in the past were from owners who are downsizing, settling an estate, selling investment homes or just want to sell quickly.

WHAT IF I CAN'T ATTEND ON AUCTION DAY?
J3 allows for absentee bidding. Preview the items personally at our building Monday through Friday 8-5 p.m. Fill out the absentee bid form and the auction staff will bid competitively on your behalf. See the Absentee Bidding form for more information.

WHAT FORMS OF PAYMENT ARE ACCEPTABLE?
J3 accepts cash, local check, Visa, MasterCard, Discover and American Express at their auctions.


Licensed:
Ohio
Indiana
Michigan
(Can be licensed in all states)

 

 

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