Progessive Auction Exchange, LLC
510 Market St
PO Box 215
Pocomoke City, MD 21851
Phone: 410-957-4786
FAX: 208-693-5231
sales@paxauctions.com
Progressive Auction Exchange, LLC
All prices and stock are current as of: Monday 08 September, 2008

ABSOLUTE HOME AUCTION

Live Auctions

ABSOLUTE HOME AUCTION


ABSOLUTE RESIDENTIAL HOME AUCTION WITH NO RESERVE $2,495.00: Each "average" residential home sold ABSOLUTE TO THE HIGHEST BIDDER REGARDLESS OF PRICE $2,495.00 each property. All Absolute auctions qualify for the rebate program where entry fees are rebated up to 101% depending upon the value.

This page is to begin the process to auction your vacant building or recreational lot for cash.



National Auctioneers Association legal definition of ABSOLUTE AUCTION
Legal definition of an absolute auction: An auction where the property is sold to the highest qualified bidder with no limiting conditions or amount. The seller may not bid personally or through an agent. Also known as an auction without reserve. Absolute auctions or an auction without reserve traditionally deliver higher prices along with more bidders but it requires faith in the process and the ability to deliver the property. Many people simply cannot offer their property unreserved due to the fact they have a mortgage and don't have the funds on hand to pay it off should the property sell for less than is owed.

Property entered for auction qualify for the rebate program where entry fees are rebated up to 101% based on the following formula.

The company will rebate or refund $500.00 of the pre-paid auction entry fees for each $50,000.00 in contract price up to 101% of prepaid fees.

Example:

$350,000.00 Auction contract price divided by $50,000.00 = 7

$500.00 is rebated multiplied by 7 (seven)

$3,500.00 rebated or refunded to seller at closing or settlement as a special incentive.


OWNERS MUST ENTER UNIFORM REAL ESTATE AUCTION LISTING AGREEMENT 90-DAY EXCLUSIVE RIGHT TO SELL & PRE-PAY AUCTION ENTRY FEES

• AS AUCTIONEERS WE ARE AGENTS FOR THE SELLER REPRESENTING YOUR INTEREST
• COMMISSION & SALE FEES ARE USUALLY PAID BY THE BUYER FROM THE BUYERS PREMIUM
• RESERVE PRICE AUCTIONS ARE CHARGED NO SALE FEES WHEN CASH AUCTION VALUE IS REFUSED BY THE SELLER
• ALL PROPERTY SOLD AS IS WHERE IS - *30-DAY ALL CASH NO CONTINGENCY CLOSING
• REAL ESTATE AGENTS & BROKERS ARE OFFERED UP TO 3% TO REPRESENT BUYERS AS BUYERS AGENTS CALL 410-957-4786 TODAY FOR DETAILS
• THIS IS A SUMMARY PLEASE READ THE UNIFORM REAL ESTATE AUCTION LISTING AGREEMENT

Price: $2,495.00 Manufacturer:
Model Number:

ABSOLUTE OR UNRESERVED BUILDING LOTS

Live Auctions

ABSOLUTE OR UNRESERVED BUILDING LOTS


This page is to begin the process to auction your lots or land for cash.

ABSOLUTE OR UNRESERVED BUILDING LOTS $1,495.00

Each building lot, parcel of non-commercial land, vacant land, residential homesite or unimproved property shall be charged an entry fee of $1,495.00 (fourteen hundred ninety five dollars) per parcel, lot or unit.

Legal definition of an absolute auction:
An auction where the property is sold to the highest qualified bidder with no limiting conditions or amount.
The seller may not bid personally or through an agent.
Also known as an auction without reserve.

Absolute auctions or an auction without reserve traditionally deliver higher prices along with more bidders but it requires faith in the process and the ability to deliver the property. Many people simply cannot offer their property unreserved due to the fact they have a mortgage and don't have the funds on hand to pay it off should the property sell for less than is owed.

Question can I sell absolute over a certain price?

Thats a good question that we are asked many times a day by prospective sellers. The law does not recognize an absolute over stated minimum bid as being an absolute auction and claiming a property is being sold absolute or without reserve when in fact the minimum bid is the reserve price.

Absolute auctions are ideal for people who do not owe anything on a property or when settling an estate where there are a number of people being paid out from the proceeds and profit is not the driving motivation.

LOTS LAND STATISTICALLY SELL FOR MORE MONEY WHEN OFFERED AT ABSOLUTE OR UNRESERVED AUCTION.

Property entered for auction qualify for the rebate program where entry fees are rebated up to 101% based on the following formula.

The company will rebate or refund $500.00 of the pre-paid auction entry fees for each $50,000.00 in contract price up to 101% of prepaid fees.

Example:

$350,000.00 Auction contract price divided by $50,000.00 = 7

$500.00 is rebated multiplied by 7 (seven)

$3,500.00 rebated or refunded to seller at closing or settlement as a special incentive.


OWNERS MUST ENTER UNIFORM REAL ESTATE AUCTION LISTING AGREEMENT 90-DAY EXLCUSIVE RIGHT TO SELL & PRE-PAY AUCTION ENTRY FEES

• AS AUCTIONEERS WE ARE AGENTS FOR THE SELLER REPRESENTING YOUR INTEREST
• COMMISSION & SALE FEES ARE USUALLY PAID BY THE BUYER FROM THE BUYERS PREMIUM
• RESERVE PRICE AUCTIONS ARE CHARGED NO SALE FEES WHEN CASH AUCTION VALUE IS REFUSED BY THE SELLER
• ALL PROPERTY SOLD AS IS WHERE IS - *30-DAY ALL CASH NO CONTINGENCY CLOSING
• REAL ESTATE AGENTS & BROKERS ARE OFFERED UP TO 3% TO REPRESENT BUYERS AS BUYERS AGENTS CALL 410-957-4786 TODAY FOR DETAILS
• THIS IS A SUMMARY PLEASE READ THE UNIFORM REAL ESTATE AUCTION LISTING AGREEMENT

Price: $1,495.00 Manufacturer:
Model Number: Absolute Lot

BASIC RESIDENTIAL HOME AUCTION WITH RESERVE

Live Auctions

BASIC RESIDENTIAL HOME AUCTION WITH RESERVE


BASIC RESIDENTIAL HOME AUCTION WITH RESERVE $3,495.00: Each "average" residential home sold Subject to confirmation, or reserve where the owner submits a reasonable secret reserve price above which the property will be sold to the highest bidder, or if the price is not met, the seller has up to 48 hours to accept or reject the high bid $3,495.00 each property. Ask if your home qualifies for the rebate program where entry fees are rebated up to 101% depending upon the value.

This page is to begin the process to auction your vacant building or recreational lot for cash.

Each "average" residential building or home sold subject to confirmation, or 'secret' reserve where the owner submits a reasonable secret reserve price above which the property will be sold to the highest bidder, or if the price is not met, the seller has up to 48 hours to accept or reject the high bid $3,495.00 each property. (quantity discounts apply)

National Auctioneers Association legal definition of auction with reserve:
An auction in which the seller or his agent 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.

Property entered for auction qualify for the rebate program where entry fees are rebated up to 101% based on the following formula.

The company will rebate or refund $500.00 of the pre-paid auction entry fees for each $50,000.00 in contract price up to 101% of prepaid fees.

Example:

$350,000.00 Auction contract price divided by $50,000.00 = 7

$500.00 is rebated multiplied by 7 (seven)

$3,500.00 rebated or refunded to seller at closing or settlement as a special incentive.


OWNERS MUST ENTER UNIFORM REAL ESTATE AUCTION LISTING AGREEMENT 90-DAY EXCLUSIVE RIGHT TO SELL & PRE-PAY AUCTION ENTRY FEES

• AS AUCTIONEERS WE ARE AGENTS FOR THE SELLER REPRESENTING YOUR INTEREST
• COMMISSION & SALE FEES ARE USUALLY PAID BY THE BUYER FROM THE BUYERS PREMIUM
• RESERVE PRICE AUCTIONS ARE CHARGED NO SALE FEES WHEN CASH AUCTION VALUE IS REFUSED BY THE SELLER
• ALL PROPERTY SOLD AS IS WHERE IS - *30-DAY ALL CASH NO CONTINGENCY CLOSING
• REAL ESTATE AGENTS & BROKERS ARE OFFERED UP TO 3% TO REPRESENT BUYERS AS BUYERS AGENTS CALL 410-957-4786 TODAY FOR DETAILS
• THIS IS A SUMMARY PLEASE READ THE UNIFORM REAL ESTATE AUCTION LISTING AGREEMENT

Price: $3,495.00 Manufacturer:
Model Number:

BUILDING LOT WITH RESERVE

Live Auctions

BUILDING LOT WITH RESERVE


This page is to begin the process to auction your vacant building or recreational lot for cash.

Each "average" residential building lot or vacant sold subject to confirmation, or 'secret' reserve where the owner submits a reasonable secret reserve price above which the property will be sold to the highest bidder, or if the price is not met, the seller has up to 48 hours to accept or reject the high bid $2,495.00 each lot or parcel of land. (quantity discounts apply)

National Auctioneers Association legal definition of auction with reserve:
An auction in which the seller or his agent 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.

Property entered for auction qualify for the rebate program where entry fees are rebated up to 101% based on the following formula.

The company will rebate or refund $500.00 of the pre-paid auction entry fees for each $50,000.00 in contract price up to 101% of prepaid fees.

Example:

$350,000.00 Auction contract price divided by $50,000.00 = 7

$500.00 is rebated multiplied by 7 (seven)

$3,500.00 rebated or refunded to seller at closing or settlement as a special incentive.


OWNERS MUST ENTER UNIFORM REAL ESTATE AUCTION LISTING AGREEMENT 90-DAY EXCLUSIVE RIGHT TO SELL & PRE-PAY AUCTION ENTRY FEES

• AS AUCTIONEERS WE ARE AGENTS FOR THE SELLER REPRESENTING YOUR INTEREST
• COMMISSION & SALE FEES ARE USUALLY PAID BY THE BUYER FROM THE BUYERS PREMIUM
• RESERVE PRICE AUCTIONS ARE CHARGED NO SALE FEES WHEN CASH AUCTION VALUE IS REFUSED BY THE SELLER
• ALL PROPERTY SOLD AS IS WHERE IS - *30-DAY ALL CASH NO CONTINGENCY CLOSING
• REAL ESTATE AGENTS & BROKERS ARE OFFERED UP TO 3% TO REPRESENT BUYERS AS BUYERS AGENTS CALL 410-957-4786 TODAY FOR DETAILS
• THIS IS A SUMMARY PLEASE READ THE UNIFORM REAL ESTATE AUCTION LISTING AGREEMENT

Price: $2,495.00 Manufacturer:
Model Number: Land Reserve