Frequently Asked Questions
General Auction Questions
What type of auctions does Low Country Auction & Real Estate conduct?
We conduct online, live, and simulcast auctions for real estate, estate liquidations, heavy equipment, farm equipment, business assets, government surplus, bank-owned assets, firearms (as a licensed FFL dealer), vehicles, trailers, antiques, collectibles, and personal property.
Why should I choose an auction instead of a traditional sale?
An auction creates a competitive marketplace where qualified buyers compete openly for your assets. Auctions also provide a defined timeline, extensive marketing exposure, and a transparent sales process; if it sounds like these benefits fit your needs, auction may be the route for you.
What types of assets can be sold at auction?
Almost anything of value can be sold, including:
- Residential real estate
- Commercial real estate
- Land and farms
- Heavy equipment
- Farm equipment
- Vehicles
- Firearms
- Estate contents
- Business assets
- Antiques
- Collectibles
- Jewelry
- Machinery
- Office equipment
Do you only auction real estate?
No, we specialize in real estate auctions, estates, businesses, equipment, vehicles, firearms, government surplus, bank assets, and personal property.
Where do your auctions take place?
We offer live, online, and simulcast (live and online) auctions. However, most of our auctions take place online on our website, www.lcaauctions.com where you can register and bid. We conduct auctions both from our warehouse, and also sometimes from the seller’s site, depending on the nature of the auction. Be sure to check the auction information so you know where to preview and pickup.
Seller FAQs
How do I know if an auction is right for me?
Whether your downsizing, retiring, handling an estate of a loved one, condensing a business, ridding of obsolete equipment, etc, auctions are an excellent option for sellers who want a defined timeline, broad market exposure, competitive bidding, or need to liquidate assets efficiently. Every situation is different, and we’ll help determine the best strategy for your goals.
What's the difference between a reserve and an absolute auction?
A reserve auction allows the seller to establish a minimum acceptable selling price. An absolute auction sells to the highest bidder regardless of price.
How long does the auction process take?
Most auctions are completed within 30 to 60 days from the time an agreement is signed, although every auction is customized to meet the seller’s needs.
Who handles the marketing?
We do. Our marketing includes photography, online advertising, email campaigns, social media marketing, industry websites, buyer databases, signage, and more.
Can you sell both my real estate and personal property?
Yes. We frequently coordinate complete liquidations that include homes, land, equipment, vehicles, firearms, and household contents.
Do I need to move my items?
Not necessarily. Depending on the situation, auctions can be conducted on-site or items can be transported to our facility.
What areas do you serve?
We primarily serve Georgia and South Carolina but market assets nationwide through online auctions and targeted advertising.
Buyer FAQs
How do I register to bid?
You can register online through our auction platform on www.lcaauctions.com. Registration is quick and may require identity verification depending on the auction. Each auction has a “Register Now” button.
Can I inspect items before bidding?
Yes. All auctions include scheduled preview or inspection dates listed in the auction information.
Can I bid online?
Yes. All of our auctions allow online bidding from anywhere.
What happens if I win?
You’ll receive instructions for completing payment, signing any required contracts, and arranging pickup or closing no later than the morning following the close of auction. For items that are located at our warehouse, pickup days are usually the two business days post bidding. For items that are not located at our warehouse, pickup is usually by appointment only, so you will need to be in contact with our office to set up a day and time.
Are there buyers premiums?
Some auctions include a buyer’s premium. Any applicable buyer’s premium is clearly stated in the auction terms before bidding begins.
Can I use financing to purchase real estate?
If you are using financing to purchase real estate via auction, that should be arranged and finalized before bidding. Buying real estate through auction is without contingencies, including financing.
How soon can I take possession?
Possession depends on the auction terms but typically occurs after closing for real estate or after payment for personal property.
Real Estate Auction FAQs
Can I inspect the property before bidding?
Yes. We typically schedule open houses or private inspections prior to the auction.
Do real estate auctions require earnest money?
Yes. Successful bidders are generally required to submit earnest money according to the auction terms.
Who pays the closing costs?
Buyers and sellers are responsible for different closing costs within the transaction. Each are responsible for their own fees. For example, prorated property taxes, attorney’s fees, recording fees, etc.
Can I have the property inspected?
Yes. Buyers are encouraged to complete inspections. All inspections are required to be complete prior to bidding, since there are no contingencies in the sale of real estate through auction.
Are properties sold as-is?
Yes. Both real estate and personal property are sold-as is. There are no contingencies when purchasing through auction.
Estate Auction FAQs
Can I liquidate an entire estate?
Yes. We can sell household contents, antiques, collectibles, firearms, vehicles, equipment, and real estate as part of one coordinated estate liquidation.
Do you work with attorneys and executors?
Absolutely. We regularly work alongside estate attorneys, executors, trustees, and families.
Can family members keep certain items?
Yes. Sellers determine what items are included in the auction before the process begins. However, once the auction contract is signed, all assets become a part of the agreement, therefore nothing else should be removed.
Equipment Auction FAQs
Do you sell construction equipment?
Yes. We auction excavators, skid steers, dozers, loaders, dump trucks, trailers, and other construction equipment.
Do you sell farm equipment?
Yes. We regularly sell tractors, combines, hay equipment, implements, utility vehicles, and agricultural equipment.
Can I consign just one piece of equipment?
Absolutely. We accept both individual consignments and complete fleet liquidations.
Firearm Auction FAQs
Are you a licensed FFL Dealer?
Yes. Low Country Auction & Real Estate is a licensed Federal Firearms License (FFL) dealer.
Can you sell inherited firearms?
Yes. We regularly assist families and estate representatives with firearm collections while ensuring all transfers comply with applicable laws.
How are firearm transfers handled?
All firearm transfers are completed in accordance with applicable federal, state, and local laws through our FFL.
Business Liquidation FAQs
Can you liquidate an entire business?
Yes. We can sell equipment, inventory, vehicles, machinery, office furniture, and commercial real estate.
Do you conduct on-site business auctions?
Yes. Many business liquidations are conducted directly from the business location.
Government and Bank Asset FAQs
Do you work with municipalities?
Yes. We regularly assist government agencies with seized assets, surplus equipment, vehicles, and other assets.
Do you work with banks?
Yes. We assist financial institutions with REO properties, repossessed equipment, vehicles, and other collateral.