YARD SALE? ESTATE OR TAG SALE? The auction method is the BEST and FIRST choice for selling your assets.
Downsizing? Moving? Inherited? Major Life Change? There are many times in your life where you have a need to sell items you own and Auction is the best method for selling those items.
Of all three methods, the least amount of physical work, stress and actual cost will be hiring an Auctioneer. That’s right, I am an auctioneer but let us review the different methods and the costs involved, shall we.
Yard Sale – In our locality that will involve advertising via posters and yard signs and the local newspapers in our area of East Texas. Then the physical work will start, pulling out items from the attic, garage, barn or storage shed and the back of our closets. Deciding what has value, cleaning and a little research are needed to properly price an item. Then finding that perfect weather day to set up the sale. It’s all on your selling abilities to dicker the actual sale price with a buyer. The audience is limited to the buyers who will find your sale and the parking you have available.
Estate Sale – There are companies who offer their services to sell your items for you. These sales are also referred to as tag sales. The fee structure will vary from company to company. You the seller will still include offering your property to have the sale so the same issues of location and parking apply as well as payment to the company for their services and the cost of advertising. Estate sellers are not licensed in our state nor are they regulated. These sales traditionally last for 2 to 3 days and asking prices will fall or be reduced after the first day.
Auctioneer – You as a seller will benefit the most for the least amount of time, effort and cost of selling your goods through the auction method of marketing. Only at auction is the selling price negotiated higher rather than lower or being reduced to sell. Depending on the auction firm buyers/bidders will come from a live audience, an online audience or a combination of both.
In the case of our firm, no seller fees are due up front and this is the case with a large majority of auction firms. The fees are deducted from the hammer price for the sale of the item before you receive your payment.
The auctioneer is a professional with experience and expertise in his or her field. Highly trained and motivated to bring you top dollar for your goods. Auctioneer’s in the State of Texas are regulated and required to continue their education yearly for renewal of their license to continue their livelihood. Auctioneers are creative and aggressive in marketing your goods for the maximum price to be had at the time of sale.
A live auction is unique in that is brings an excitement to the buying process not found in other marketing methods. It creates a competitive atmosphere among highly interested buyers which in turn helps to bring about a fair and reasonable true market value. The bottom line for the seller is that this is the optimal tool for maximizing total dollar value for your items for the least amount of effort, expense or selling and marketing experience.
If you have quality assets to consign, please contact us for more information about how we will get you the best results for your sale.
Liz Drake CAI, ATS, GPPA
Texas Licensed Auctioneer TAL#16596