FAQ

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ELITE SALES

FAQS

Best Possible Service Ensuring Excellence in Every Deal

WE’RE A FULL SERVICE ESTABLISHMENT

Elite Sales is a one-stop solution for all your online and live auction and consigning needs.  We pay extremely close attention to each customer's requests, individualize experiences, and exceed expectations along the way.  With clear communication, a vast knowledge base, and an unmatched work ethic,  our team is here to guide you through the process of selling your items.  Below are our most frequently asked questions. 

  • Why should I sell my listings with Elite Auctions and Consignments?

    We are committed to providing targeted and aggressive advertising and marketing campaigns when listing properties. We give you the best of both worlds by listing your real estate at auction and through traditional listings.


    Here are a few of the reasons to auction:

    • Auction properties STAND OUT in the marketplace.
    • Auction marketing frequently forces a sale prior to the auction.
    • The property gets sold on your time table.
    • The property is sold as is, without warranty or contingencies avoiding costly repairs and pitfalls.
    • The seller is able to sell the property at market value as determined through the public auction process with many potential buyers at one time, not by private negotiation with a single interested party. All offers are received at the same time.
    • Your property is extensively marketed.
  • How do I sell my parents' house at auction?

    Often when selling a home that was owned by parents or an older relative or a house that has been occupied for decades, there is extra work involved in prepping for sale. This can be one of the most challenging and expensive parts of selling a deceased parents' home if you hire a real estate agent.


    The house may be quite dated, with remodeling needs in the kitchen and baths and throughout the house-including replacing old wallpaper, decorations, carpet, paint, and the like.  It may also have damage that has gone unaddressed for a long time.

    When selling at auction, we take the stress and the pressure off of you.


    Here are the steps in the process:

    1. The Seller and Auction Firm mutually agree that the real estate will not sell unless or until an undisclosed reserve price is met or realized.  Quite simply, if the auction price does not meet or exceed the reserve price, the property does not sell without your, the seller's, permission.
    2. The Property will be sold Subject to Seller’s Confirmation, only if the high bid is less than the agreed-upon reserve. This means that after the high bid has been received and acknowledged by the Auctioneer, the Seller may determine, in the Seller’s sole and absolute discretion, to (i) accept such bid or (ii) reject such bid.
    3. You pay 0% commission to sell your real estate. We offer a free in-home consultation to discuss the evaluation and pre-sale management of your real estate. There will be a one-time nominal marketing fee to list your real estate on MLS and other real estate sites as well as target marketing toward qualified buyers.
    4. We also work with several Real Estate Agents / Firms to help sell your real estate, and we pay them their commission, not you.
  • When I sell a house at auction, may I set a reserve?

    Yes! Although a home that is sold absolute to the highest bidder, is a great marketing strategy, a reserve may be placed on the home. The reserve is not disclosed to the public, and the home will be fully marketed to obtain the highest price.

  • Do I have to pay cash to buy a house at auction?

    To put it simply, you do not need cash to purchase real estate from our company.
    We finance!  And, you can get pre-approved!


    By getting pre-approved as a buyer,  you can put yourself in a better position to make a serious offer when you do decide to bid on a house. Unlike pre-qualification, which is based on a cursory review of your finances, pre-approval from a lender is based on your actual income, debt, and credit history. By doing a thorough analysis of your actual spending power, you’ll be able to put yourself in the driver's seat and be able to bid with confidence.  We work with excellent lenders who can help guide you in this process and make sure you have access to all of the local mortgage incentives that some internet lenders may not have.

  • Do I have to sell my home if reserve is not met?

    Absolutely not!  The Property will be sold Subject to Seller’s Confirmation, only if high bid is less than the agreed upon reserve.  This means that after the High Bid  has been received and acknowledged by Auctioneer, Seller may determine, in Seller’s sole and absolute discretion, to (i) accept such bid or (ii) reject such bid.

  • Are homes sold at auction typically foreclosures?

    Absolutely not! Homes sold at auction are typically good homes that need good owners. Sellers may opt to hold a real estate auction versus a typical listing so that they may sell the property faster with less selling costs. Some properties that we have sold in the past were from owners who are downsizing, settling an estate, selling investment homes, or just wanted to sell quickly. 

  • Are homes sold at auction in need of repair?

    Absolutely not! We sell all types. One advantage of trying the auction avenue is all the exposure your real estate will receive. 

  • How do I consign?

    You will fill out a simple consignment contract that details the auction process and procedure, be allocated a consignor number to be used for your first and all subsequent consignments, and be provided with a detailed inventory listing of the items consigned to the auction.


    We sell all manner of personal property, antiques, collectibles, jewelry, furniture and decorative accessories, ceramics and glass, rugs and artworks, tools and appliances, books and ephemera, stamps, coins and currency, sports equipment, office furniture ­ anything of value. There are, however, some items that will not be accepted for auction.
    Your consignment will be screened before acceptance.

  • What items are not accepted?

    The majority of the items below should be donated.  Examples include:

    • Particle board furniture (such as a kit from computer desks and workstations)
    • Box springs, mattresses, and used bed linens 
    • Smelly or overly stained rugs or upholstered furniture (pet urine, mold, food, etc.)
    • Used clothing with the exception of vintage and period designer label items
    • Mismatched kitchen glasses, cups, battered pots and pans, etc.
    • Fluffy toys / stuffed toys
    • Smelly appliances, electronics and power tools that are not in working condition
  • Shipping and Delivery Questions

    Delivery & shipping is available, please text us at (434) 406-BIDS for more information.


    If no one is available to answer your call at that time, please leave your name, address,  and phone number along with the auction and lot number(s) & item(s) you are interested in having delivered or shipped.

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