Reserve Auctions for Acreage | Acre.Bid
Internet Bidding, Live Bidding, Sealed Bidding
Reserve Auctions for Acreage | Acre.Bid | sell with reserve at auction. Buyers offer your best price. Reserve Auctions is same as seller confirmation which means that the seller can accept of reject any offer made. If you are a buyer and offer you best price the seller can also take that and close under the agreed terms.
- Log onto Acre.bid and register for free. You will be notified of upcoming auctions.
- Make offers on the property of your choice, make your best offer.
- If the offer is not accepted, make a better offer, others may have made better offers.
- Any offer made could be accepted by the seller at anytime
- Bid Increments may vary, you can bid more that the suggested bid amount.
- Call the Auctioneers to get a full explanation of the process. 844-400-2828
Definition of Reserve Auctions as Listed in the Uniform Commercial Code
2-328. Sale by Auction.
(1) In a sale by auction if goods are put up in lots each lot is the subject of a separate sale.
(2) A sale by auction is complete when the auctioneer so announces by the fall of the hammer or in other customary manner. Where a bid is made while the hammer is falling in acceptance of a prior bid the auctioneer may in his discretion reopen the bidding or declare the goods sold under the bid on which the hammer was falling.
(3) Such a sale is with reserve unless the goods are in explicit terms put up without reserve. In an auction with reserve the auctioneer may withdraw the goods at any time until he announces completion of the sale. In an auction without reserve, after the auctioneer calls for bids on an article or lot, that article or lot cannot be withdrawn unless no bid is made within a reasonable time. In either case a bidder may retract his bid until the auctioneer’s announcement of completion of the sale, but a bidder’s retraction does not revive any previous bid.
(4) If the auctioneer knowingly receives a bid on the seller’s behalf or the seller makes or procures such a bid, and notice has not been given that liberty for such bidding is reserved, the buyer may at his option avoid the sale or take the goods at the price of the last good faith bid prior to the completion of the sale. This subsection shall not apply to any bid at a forced sale.