Online Auctions Are The Quickest and Most Effective Method of Selling Goods at Fair Market Value
Important Information
Frequently Asked Questions
Estate Sale vs Online Estate Sale Auction?
An Estate Sale is a type of yard or garage sale where prices are determined then negotiated down. An Online Estate Auction prices go UP – there is no negative haggling.
How can I monitor the sale?
You can log on to the Online Auction and watch in real time, from your computer, laptop or cellphone. This allows you to see what your item sold for – there is no conflict of interest. The fair market value (FMV) of the item IS what it will sell for. Also, when FMV is determined we do not set the prices, the market does, giving you peace of mind that your items went for the highest price they could have in the current market. No one can capitalize on improperly marked goods, no merchandise is sold quietly on the side, no prices are negotiated down, and there are no mountains of leftovers.
Do you liquidate the full contents of a home?
Yes. You can have a dedicated auction with only your items included. Or for less than a full household, you can have your items included in as part of a larger auction.
Can I direct the starting prices of my expensive items?
Yes, you can advise on what the price of the item was when you purchased it. Although, keep in mind buyers will not pay for sentimental value. Used items usually go for 1/4 to 1/3 of the original price.
Property, vehicles, antiques, coins, and jewelry bring in the most. Our Online Auctions are open for bidding for 7-10 days, most bids come in within the last day – within the last minutes of the auction. A low starting price will often encourage buyers to bid, all bidders are encouraged to set a limit on how high they will bid for an item. The auction system will bid up for them in bid increments. This is especially good for buyers who cannot monitor the auction.
Do people have to walk through my house?
With Covid it is better if people do not walk through your home touching everything. We will take photos of your items, post them in our online auction, and have a specific viewing and pickup dates. We will deliver the items to the winning bidders with minimal contact to you or your home.
How do your Estate Sale Contracts Work
Estate sale contracts work on a sliding scale from 35% to 45%, according to the liquidation contract.
Example: The estate contents sold for $4000 and there is a 30% liquidation fee. ($4000 x 35% = $1400) The fee is contingent on many factors and not all items on one contract are not the same fee.
Will you research my items for FMV?
Yes. Online auctions are one of the safest, quickest, and most efficient methods of selling goods at current fair market value. We will research any item premium items to assure the best value, and the starting bid will reflect that. All other items will started at a minimum bid letting the auction take its course.
Marketing Excitement
Online Auctions are gaining in favor. That is the way our world is turning – people can stay at home and enjoy the excitement of participating and winning something they really need, want, or just have to have.
Your auction will be marketed to buyers in the area – online, Facebook, and email lists. It will be marketed through the auction website to current registered bidders on their other auctions, and if qualified nationwide. We will offer shipping, buyer paid, on certain items.
These ways will expose your assets to a larger pool of qualified buyers. We encourage our sellers to log on to their auction event – there is nothing more satisfying than hearing the happiness of the property owners after witnessing the success of their auction.