If you’ve never been to an auction before, just relax and have a good time. The auction experience is informal, fun, and offers a chance to find terrific furnishings for your home or office at great prices.
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Why should I pay an annual membership, if I can still attend and not be a member?
Invitations are extended only to members and homeowners within the community where the auction takes place. Builders request that BAC extend an invitation to their home buyers as an expression of gratitude. While it is possible for friends to tell friends of an auction, restricting access to auction information reduces attendance and creates better buying opportunities for member bidders.
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Where will the auction take place?
Inside the model home. We begin the auction with lot #1 and continue in numerical sequence.
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Do we go room-to-room, and how do you fit everyone in?
We try to conduct the auction from the largest room in the house, bringing smaller items from other areas. We encourage bidders to use the catalogue and thoroughly inspect larger items before the auction begins.
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Who starts the bidding?
You do! The Auctioneer will announce an item number, and suggest an opening bid, although the auction bidders are ultimately in control of the opening bid because there are no minimum bids. However, the auctioneer does maintain control of the increments in the advancement of bids. For instance, if an auctioneer receives an opening bid of $100 for a sofa and is asking $150 for the next bid, the auctioneer has the right to refuse any bid lower than what is asked.
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How long does the auction take?
We sell an average of 100 items per hour. Most model homes have 200 items or less, taking 2 hours to complete the auction itself. With preview time and post-sale removal taking about 2 hours each, a model home goes from fully furnished to completely empty in about 6 hours.
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When can I remove my purchases?
As soon as you pay for them. After getting your receipt from the cashier, get your items and take them home. You'll be asked to show your receipt to one of our staff members. Do not remove items from the house until you have a receipt in hand.
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Do the dining room chairs and table sell as one lot?
It depends. If a table and chairs are a matched set, they will sell together. If the chairs are unmatched to the table, the table will sell separately and the chairs will be sold "times the money."
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So what is "times the money?"
Like every other business, the auction business has its own jargon. “Times the money” means that when similar or compatible items are being sold, the price for one item is multiplied by the number of items sold. For example, if the auctioneer announces that two similarly styled upholstered chairs will be sold "two times the money," and you are the high bidder at $125, you will pay $250 for the chairs.
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How do I pay?
You can pay with cash or accepted credit cards. Accepted credit cards are: Visa, MasterCard, American Express and Discover Card.
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Where do I pay?
The cashier is located on premises at the same table used for registration before the auction — you must be registered prior to the auction in order to bid.
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How long do I have to remove my items?
You have one hour from the close of the auction to remove purchases.
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What is the 15% buyer's premium?
The buyer's premium helps defray some of the auction expenses thereby making this sale possible. If you win a bid for $100, for example, your total purchase will be $115 plus appropriate sales tax for the city and state where the auction takes place.
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What is Builders Auction Company?
We are an auction firm based in Houston, TX. Since 1996, Builders Auction Company has been selling home furnishings for home builders across the country.
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