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AUCTIONS
Upcoming Real Estate and Personal Property Auctions
No auctions scheduled at this time. Please check back later.
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No auctions scheduled at this time. Please check back later.
Lawson Real Estate & Auction Inc. conducts real estate and personal property auctions in Menifee, Morgan, Wolfe and the surrounding counties of Eastern Kentucky. When an auction is scheduled, the date, location, directions, property description and terms of sale are posted here. When no sale is scheduled, please check back, or send us a message through our contact page to ask about upcoming auctions.
This guide explains how our auctions generally work for both bidders and sellers, what kinds of property are sold at auction, and what to read before you bid.
Farms, land, building lots and homes can all be sold at auction. In rural Eastern Kentucky, real estate auctions are common for estates and for owners who want a set sale date. A real estate auction may be held on site, and the real estate is often offered at a set time during a larger sale. For example, in a past sale a two-acre lot with water and electric accessible was offered from the auction site at noon, with other items following.
Personal property auctions can include farm tractors and machinery, hay equipment, trailers, vehicles, campers, shop tools, household furniture, antiques and collectibles. When a farm is sold, the equipment and contents are often sold in the same event, which gives buyers a chance to find a wide range of items in one place.
You can read a complete example of a past sale bill, including directions, item list and terms, in our auction archive.
A buyer's premium is a percentage added to the final bid to arrive at the purchase price. The rate is stated in the terms for each auction.
This means the property is sold in its current condition and location, with no warranty expressed or implied. Bidders should inspect and satisfy themselves before bidding.
Some items are offered "with reserve", meaning the seller may decline bids below a certain level. In an absolute auction, the property sells to the highest bidder regardless of price. The terms for each auction will state which applies to which items.
Information in a sale bill is provided for the bidder's convenience. It is up to each bidder to confirm that the information is accurate and complete before bidding.
An auction can be a good choice when you want a firm timeline, when you have many items to sell at once, or when a property is unusual and hard to price. Estates, farm dispersals, and sellers relocating out of the area often choose an auction for these reasons.
A traditional listing may be better when you have time to wait for the right buyer and a clear idea of market value. Because our office handles both listings and auctions, we can compare the two approaches with you honestly. You can learn more about our listing services on our office listings page.
Clean and organize items so they can be seen and grouped sensibly. Gather titles for vehicles and trailers and records such as hours of use for tractors. For real estate, have your deed and any survey ready, and be clear about access, utilities and road frontage. Good information attracts more serious bidders.
Most sales start with registration, where bidders receive a number. Before bidding begins, the auctioneer reads the terms and any announcements, including changes to the sale bill, items withdrawn, and the time real estate will be offered. Items are then sold one at a time or in groups. If you win an item, your bidder number is recorded with the price. When you are finished, you settle with the clerk according to the terms, and then remove your items as instructed.
For real estate, the successful bidder is usually required to sign a purchase contract on the day of the sale. Read the real estate terms carefully in advance so you know what will be expected of you.
Many auctions are held on site at the property. Directions are included in the sale bill.
Often, yes. Real estate is usually offered at an announced time during the sale.
Check this page regularly or contact our office through the contact form.
Whether you want to buy at our next sale or are considering selling at auction, we are glad to answer your questions. Learn more about our company, or send us a message and we will get back to you.