Once the auction concludes and a buyer is confirmed, you’ll sign a purchase agreement. From there, we’ll work with you and the buyer to finalize the transaction and close within the agreed timeframe.

In an absolute auction, the property is sold to the highest bidder, regardless of price. In a reserve auction, the property must meet or exceed a minimum price set by the seller before it is sold.

A wide variety of properties are successfully sold at auction every year, including single-family homes, farmland, commercial and industrial buildings, recreational properties, condominiums, apartment complexes, and raw land. Auctions are an effective way to market and sell all types of real estate. Today, auctions are less about distress sales and more about sellers choosing a streamlined, cost-effective approach to sell their property quickly and competitively, rather than waiting months or even years for a traditional sale.

Auctions create urgency and competition among buyers, often resulting in a faster sale at market-driven prices. They’re especially beneficial for unique, hard-to-value, or high-demand properties.

A soft close is a feature designed to ensure fair bidding during an online auction. If a bid is placed within the final moments of the auction’s scheduled closing time, the system automatically extends the bidding window by a few minutes (typically 2-5 minutes).

This prevents “sniping,” where a bidder might try to place a last-second bid to win without giving others a chance to respond. The auction will continue to extend as long as new bids are placed within the extended time, ensuring all interested bidders have a fair opportunity to compete.

Most of our auctions offer online bidding for your convenience. Check the auction details to confirm whether online bidding is available for the property you’re interested in.

Yes, most auctions include a buyer’s premium, typically a percentage of the winning bid. Additional costs may include closing costs, prorated property taxes, or transfer fees typical of any real estate transaction. These will be outlined in the terms of the auction.

In an Absolute Auction, the property sells to the highest bidder with no minimum price. In a Reserve Auction, the property has a minimum bid that must be reached before the item is sold. In certain sales, this minimum bid is made publicly known in the listing description; in others, it is not publicized.

“As-is” means the property is being sold in its current condition with no guarantees or repairs made by the seller. We encourage all bidders to inspect the property and review the terms before bidding.

No. A deposit is required immediately after the auction. The amount (either an exact dollar figure or a percentage of the total) is specified in the auction terms for each sale. The remaining balance is due at closing, which usually occurs within 30 days.

Yes, but buyers must arrange their financing prior to the auction. Most auctions require immediate payment of a deposit and closing within 30 days.

Yes! Properties are typically available for inspection during scheduled open houses or by private appointment. We encourage all potential buyers to take advantage of these opportunities to ensure the property meets their needs.

The key difference between purchasing real estate at auction and through a conventional sale is that auctions require preparation in advance. You’ll need to conduct any property evaluations and/or inspections and secure your financing before the auction day.

Real estate auctions also provide transparency and fairness. All bidders operate under the same terms, with no unexpected contingencies or concessions. Plus, you can rest assured you’re paying a fair market price, as you only need to bid slightly higher than the next bidder to win. With the right preparation, the auction process is the most straightforward and efficient method of purchasing real estate.

Absolutely! We use a combination of online listings, social media, email campaigns, flyers, our extensive buyer network, and traditional marketing to attract qualified buyers and generate interest.

While properties are sold “as-is,” making the property presentable can help attract more interest and higher bids. Cleaning, minor repairs, or staging may be recommended.

At Kraft Auction Services, we sell a wide range of items, including antiques, collectibles, tools, vehicles, heavy equipment, farm equipment, real estate, and more. Check our Auction Calendar for detailed lists of upcoming sales.

Unlike eBay, where individuals post items, we curate and manage all auctions for our selling clients. Our auctions feature a “soft close” system, ensuring that the bidding extends until the highest bid is secured, preventing last-second bids from winning unfairly.

We are always accepting consignments of various items, including real estate. Contact us to discuss your needs and find the right auction for your items.

All items are sold “As is, Where is.” Buyers are responsible for inspecting items prior to purchase. We encourage you to attend previews or request condition reports by phone or email.

Yes, titles are provided for all vehicles and titled items, subject to the following:

1. A $40 processing fee applies to all titled items.
2. Titles will be assigned with the buyer’s name, address, sale date, and purchase price. Open titles are not permitted.
3. After payment is made, you’ll receive an email to confirm title assignment details. If no response is received, titles will be assigned to the name and address on your invoice.
4. If payment is made by check, titles will be held for 10–14 days to ensure payment clears.
5. Titles marked “in transit” in the catalog will be forwarded as soon as Kraft Auction Service receives them.
6. Titles are shipped via UPS with tracking, insurance, and a required signature. Shipping details will be emailed to you.
7. Buyers are responsible for transferring titles to their name within 30 days of receipt. Kraft Auction Service is not responsible for lost or unprocessed titles after this period.

No problem! Most of our auctions include an online bidding option, allowing you to participate from the comfort of your home or on the go. Simply register online and place your bids in real-time as the auction unfolds.

If online bidding isn’t an option for you, we also offer absentee bidder services. With this service, you can submit your maximum bid in advance, and our team will bid on your behalf during the auction. This ensures you don’t miss out on items, even if you can’t be there in person.

Kraft Auction Services offers solutions for estate management, including real estate and personal items. Contact us to set up a consultation.

If you’re curious about the value of an item or need an appraisal for insurance, estate planning, or other purposes, Kraft Auctions can help. Our team has expert knowledge and stays closely connected to current market trends, allowing us to provide professional, accurate appraisals for high-value single items, estates, businesses, or collections. With specialty expertise and a network of global professionals, we offer fair market valuations and detailed reports tailored to your needs. For more information or to schedule an appraisal, contact us here.

A Buyer’s Premium is a percentage added to the final bid price, payable at closing. The specific premium will be listed in the terms for each auction.

Sales tax may apply depending on the auction location and buyer’s location. Auction terms will state whether sales tax is charged.

We accept cash, check, or major credit cards. Full payment is required at the conclusion of the auction.

Yes, we offer shipping and delivery services. Buyers must arrange for item removal during designated times, and we provide load-out assistance on a first-come, first-served basis.

We highly recommend inspecting items during the auction preview. The dates and times for previews will be listed on each auction’s page.

In an Absolute Auction, all items sell to the highest bidder with no minimum price. In a Reserve Auction, certain items have a minimum bid that must be reached before the item is sold.

This means the item is sold without warranty or guarantee. Buyers must rely on their own inspections and are responsible for the item’s removal after the sale.

A soft close means if a bid is placed in the final minutes of an online auction, the bidding time extends by two minutes. This ensures fair bidding and prevents last-second “sniping.”

For live auctions, you’ll need a valid ID. For online auctions, register with a valid credit card on our website to bid. You must accept and agree to the terms of the auction in order to bid.

When we conduct onsite sales, we have the capabilities to make sure that our auctions are an easy experience from end-to-end for our sellers.  From the very beginning, we will bring an experienced team that can line up and catalog items and clean up the location.  The team will be there for the preview to answer any questions from buyers and help them inspect items.

On Auction day, we will bring our wifi-enabled mobile office to check in customers, clerk the sale and complete check out.  We are fully capable of conducting live online simulcast sales at the sellers location as well as online only sales. Our team will be there to conduct the sale and assist buyers to ensure a simple and easy experience for our sellers.

Post sale, our team will coordinate with buyers to ensure all items are removed from the location and provide buyers any assistance they need with loading items.  We work hard to ensure a fully transparent experience for our sellers and  share a detailed settlement sheet listing all items sold, commissions and any expenses along with payment.

Yes. When marketing your property, we market the individual property through multiple channels: online, print, mailers, and yard signage. For online marketing, our marketing covers our website and multiple auction websites, the MLS which also covers Realtor.com and other major real estate websites, and social media including our 20,000+ followers on Facebook.

For print advertising we still advertise in local newspapers and create auction flyers for each property. We will also create a mailer and mail that to a list of previous clients plus the 100 surrounding property owners. Lastly we will use yard signage to attract attention to the property. With all of this coverage, we are sure to find the right buyers for your property.