Those are the three essential elements to a successful auction event, and everything about a Newcom Auction is carefully orchestrated to provide them.
 

   Many people who have attended a Newcom Auction describe the atmosphere as electric. The auctioneer first explains the terms of the auction and gives a narrative of the property's highlights.   We treat bidders like the VIPs they are.

   One of the most important auction-day functions is to make sure that the bidders have all the information to bid with confidence and enthusiasm. If the auction is at the property, we give them a chance to take one last look around, and we provide answers to last-minute questions on virtually any topic -- from the zoning to the type of stone used in the fireplace! 

   This also gives us one more opportunity to point out the features of your property, emphasizing its value, and to build a rapport with the bidders that helps us encourage strong bidding once the auction begins. Finally, we work to make sure each bidder understands what to expect before, during and after the bidding to ensure that everything comes off smoothly.

   At its essence, the auction process is about competition. The auction event places bidders in a head-to-head contest for the privilege of buying your property, and you can believe they're always aware of this. There's nothing like seeing others prepared to bid on a property to reinforce the value of your property in the bidder's own mind.

   Finally, it's time to begin. The auctioneer steps up to the microphone and explains the entire process, the terms of the auction, and the "bid calling." Then the bidding begins.

   As the auctioneer calls the current bidding level, Newcom Auctioneer assistants circulate among the bidders to answer questions, encourage participation and relay bids to the auctioneer. As the bidding slows, the auctioneer gives everyone fair notice that bidding will soon close.  At that point, the auctioneer closes bidding.

   Immediately afterward, Newcom Auction personnel will meet with you and with the successful bidder to sign the necessary paper work, collect the down payment, and arrange for the closing, which is usually scheduled within 30 days.