Types of Real Estate Auctions: A Comprehensive Guide

types real estate auctions

At SHERIDANS, we’ve been at the forefront of the Ohio real estate and auction industry for over 5 decades. What started as a humble operation has evolved into a powerhouse, thanks to the dedication of our founders, Keith and June Sheridan, and the expertise of our team. Over the years, we have adapted to changing markets and embraced innovative techniques, including different types of real estate auctions, cementing our reputation as leaders in the field.

The Thrill of Real Estate Auctions

Real estate auctions are the heartbeat of the real estate world, offering a dynamic alternative to traditional transactions. Whether you’re a seasoned investor or a first-time homebuyer, auctions provide a fast-track to real estate ownership, cutting through red tape and fostering a competitive environment where prospective buyers and sellers converge.

Exploring Auction Formats

At SHERIDANS, we offer a variety of auction formats tailored to meet the diverse needs of our clients:

  1. Traditional Live Auctions: Time-tested and proven, our live auctions bring together eager buyers with face-to-face bidding. Held at your property, our Cedar Land Event Center, or another nearby location, these auctions offer unrivaled excitement and results.
  2. Timed Online Auctions: In today’s digital age, convenience is key. Our online auctions allow buyers to bid from the comfort of their homes or offices, ensuring maximum participation and anonymity while still benefiting from the competition among interested bidders.
  3. Simulcast Live and Online Auctions: For properties like farmland, we recommend simulcast auctions, combining the best of live and online bidding for a seamless experience and the most competitive bidding possible.
  4. Sealed Bid Auctions: When confidentiality is paramount, our sealed bid auctions offer privacy and control, attracting serious buyers willing to pay a premium.

Choosing Your Auction Method

When selling real estate through an auction, sellers have a few choices within different types of real estate auctions:

  • Absolute Auction Method: Guaranteed to sell, regardless of the final bid price, the absolute auction generates maximum excitement and results, driving prices upwards.
  • Auction with Reserve Method: With the flexibility to accept or reject bids, sellers retain control and ensure their property sells at a price they are comfortable with.

Navigating Auction Rules and Regulations

Understanding the rules of real estate auctions is crucial. From bidder registration to property disclosures, transparency is key. Our team ensures compliance with state regulations, guiding buyers and sellers every step of the way.

Specialized Auctions for Special Circumstances

In addition to traditional auctions, we can assist buyers in handling unique scenarios such as foreclosure auctions, HUD home auctions, and non-distressed REO property auctions. Our expertise and experience ensure a smooth buying process, regardless of the circumstances.

Expertise in Farmland Sales

With over 50 years of industry leadership, SHERIDANS excels in the sale of farmland throughout Ohio. Our deep-rooted expertise leverages the auction method of sale, which has been a cornerstone in farmland transactions for generations. This approach capitalizes on the market dynamics of supply and demand, orchestrating a competitive bidding process that consistently yields maximized sale prices.

Situated strategically in the heartland of Ohio farming country, we employ innovative marketing strategies tailored to showcase the unique value of agricultural properties. Whether it’s crop land, horse farms, timber land, recreational land, or other rural acreage, our seasoned team ensures each acreage sale achieves its fullest potential.

A Partner You Can Trust

At SHERIDANS, we are more than just auctioneers — we’re allies and real estate professionals. Whether you’re buying or selling, our team is dedicated to achieving your goals with experience, integrity and expertise. Trust us to guide you through the auction process and deliver exceptional results.


Real estate auctions offer a fast, transparent, and exciting way to sell or buy the property in Ohio. With SHERIDANS by your side, you’ll gain access to industry-leading expertise and innovative auction formats, ensuring a successful outcome every time. Contact us today to learn more about how we can help you achieve your real estate goals.