Auction Process

If you are considering Pozy Auctions / KW for selling your property, begin by calling us at 865-966-5005 or send an e-mail by . We’ll discuss your property and your needs and do a preliminary assessment of whether your property is a good candidate for a Pozy Auction / KW.

If your property appears to be a suitable candidate, we will send our experienced auction marketing specialists to visit the property and learn about your needs and expectations. They will make a presentation on what we offer and answer any questions you may have.

They will then present you with a Pozy Auctions / KW Auction Marketing agreement, once signed our marketing professionals will develop a campaign specifically designed to market your property, which will include a media plan for advertising in venues that will maximize the value and provide you the best results for your property type.

At this time our professionals will begin putting the campaign into action. David Pozy  will be your single point of contact and serve as a liaison to our entire firm. David will visit your property so that he can provide our firm with all of the information needed to carry out a successful campaign. During the 60-day campaign, brochures, advertisements, web marketing and other media will saturate the appropriate target market. Every detail, from legal work to signs, will be carefully implemented to ensure a smooth and successful sale. Throughout the entire campaign, you will be provided with weekly update reports that track our progress.

The showing period for your property typically begins two weeks before sale date. During this time, our experienced staff will be assigned to your property full-time to ensure that prospective bidders enjoy ample opportunities to tour and appreciate the property, while providing property information.

These efforts will culminate with the Pozy Auction as an event itself. On sale day, bidders will begin registering a few hours before the designated auction time. Pozy Auctions bid assistants will circulate among the bidders to answer questions before the auctioneer explains the terms of auction. Before the live auction begins, the auctioneer will provide an example of the bidding process to familiarize the audience with bid calling. Once the live auction takes place and the winning bidder is recognized, David Pozy and his staff will meet with you and the successful bidder to sign a contingency-free sales contract and arrange for closing, which is typically within thirty days.