Auction Formats

Auction Without Reserve

An auction without reserve, also known as an absolute auction, is one where the property is sold to the highest qualified bidder, regardless of price. Auctions without reserve promote increased buyer interest and bidder participation, which typically results in the most favorable outcome for the seller.

Reserve Auction

A reserve auction establishes a minimum price that bidders must meet in order to purchase the property being auctioned. This method of auctioning assures the seller that if the bidding does not reach this minimum, they are not obligated to sell.

92% of buyers use the Internet in their home search process.

Being one of the 30+ auctions that the Interluxe team has conducted in the greater Naples, FL area, this home located in the famed Estates at Bay Colony resulted in over 200+ inquiries and 6 bidders competing for ownership.