As a Buyer, it is important for you to know that at an auction conducted by Lippard Real Estate & Auction, the Seller is committed to selling the property on auction day. Some auction companies have engaged in deceptive marketing practices, advertising an auction as ‘absolute or without reserve’, when in reality it is subject to the opening bids received by the auction company prior to the auction beginning. In these cases, if the opening bids are not acceptable, the auction is cancelled. This practice is illegal in many states and has been deemed unethical by the National Auctioneers Association (NAA).

As leaders in the auction industry and members of the NAA, we recognize and adhere to the their Code of Ethics, which spells out the auction company’s obligation to properly inform the buyers during the marketing campaign whether the auction is absolute or with reserve. Therefore, we are committed to providing you with a clear and concise understanding of the property being sold, the terms of the auction, and the auction process as it relates to that specific auction.

Lippard Real Estate & Auction has been successfully marketing real estate by auction for nearly a three decades. We understand that for us to continue successfully marketing real estate by auction, we must continue to market properties of sellers who are truly committed to sell. When you make the decision to attend a Lippard auction, you will know the seller is truly committed to selling the property on auction day.