Jacobson Auction & Realty Company

Jacobson Auction & Realty Company

  • Fort Pierce, Florida
  • 34950

Description

A. 14 to 21 days. Q. What are the different form of auctions? A. There are two forms that an auction can take: "absolute" or "confirmation". At an absolute auction, the real estate sells to the highest bidder without minimum or reserve. At a confirmation auction, the seller has the right to accept (confirm) or reject the last bid price at the auction. The form of the auction depends on a number of factors, including market conditions such as location, declining or appreciating market, physical condition of the property as well as financial constraints such as mortgages and liens.

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