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Allen Auctions - Lexington Kentucky - Tom Allen Auctioneer, Broker & Licensed Appraiser
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  • UPCOMING AUCTIONS
    • PAST AUCTIONS
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    • TERMS & CONDITIONS OF SALE
    • CONTRACT FOR SALE OF REAL ESTATE
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  • MEET TOM
  • CONTACT US
  • HOME
  • UPCOMING AUCTIONS
    • PAST AUCTIONS
  • SELLING AT AUCTION
  • BUYING AT AUCTION
    • TERMS & CONDITIONS OF SALE
    • CONTRACT FOR SALE OF REAL ESTATE
    • BUYER / BROKER REFERRAL REGISTRATION FORM  
  • MEET TOM
  • CONTACT US

UPCOMING AUCTIONS

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Terms & Conditions of Sale


Contract for Sale of Real Estate

Different Types of Auctions

Absolute: An auction where the property is sold to the highest qualified bidder with no limiting conditions or minimum amount. The seller may not bid personally or through an agent. An absolute action is also known as an auction without reserve.
Reserve: An auction in which the seller reserves the right to accept or decline any and all bids. A minimum acceptable price may or may not be disclosed and the seller reserves the right to accept or decline any bid within a specified time.
Minimum Bid: An auction in which the auctioneer will accept bids at or above a minimum price that has been disclosed. The minimum price is always stated in the brochure and advertisements and is announced at the auctions.

Tom Allen
Broker, Auctioneer, & Appraiser

Office 859.509.2222

Allen Real Estate Services, LLC
1517 Nicholasville Rd #402
Lexington, Kentucky 40503
Click here to contact us

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