|
Q.
Should I have an Auction or a Tag Sale? Q.
Should I have an Auction or a Tag Sale? Many people are convinced that Estate Sales are the way to go…the reasoning…we'll have more control. we can ask any prices we want, etc. In Auction School, I frequently engaged and riled my auction instructor about the huge merits of household sales using the same old arguments. He chastised me for not doing a good service to my clients, in not getting the best money for their possessions by using the AUCTION method of marketing and sale. Having experienced many successful years in the auction profession, let me show you. if you're considering a Estate / Tag Sale vs. Auction. Some examples of why my Auction Instructor was absolutely right! You may not have the most famous estate in the world like Jackie Onassis or Barbara Streisand, but can you imagine their items being offered in a tag sale? Most of our Estate Auctions bring between $ 6,000.00 and $ 15,000.00 and this return is completed in about 4-6hrs with everything sold and the entire home emptied. Every piece of Real Estate (House) offered between September through January of this year has SOLD at the Auction. What will you do with the leftovers? A Estate / Tag Sale is like a glorified Garage Sale…loads of stuff left over after it's done! Someone will get the leftovers for a pittance. At Auction, everything sells, even your nuts, bolts, screws, plastic, etc. What you may have lost on a piece of furniture, you'll make up with the money you receive from the junk! You'll have the satisfaction of knowing the public bid on your items FAIRLY and no employee had a chance to buy it first and stash it in a closet! If you are the Administer of the Estate, it’s your responsibility to obtain the most for the estate in a fair and reasonable manor. Accountability to other family members and the courts should require a detailed inventory and accounting of what’s sold and who purchased it. Finally, ask yourself two questions: 1. "Why do Dealers sleep in front of a house about to open for a Estate / Tag Sale?" It's because they know they'll be able to "steal" it (get it for less than it's worth) at an unfair price from your estate or home. 2. Would you rather have ONE person, usually the tag sale manager, price your possessions, or would you rather have a HUNDRED people bidding up the price and giving you the truly Fair Market Value of your items at Auction? Think about this: At a garage / tag sale, the average price per item is $16.32. The average auction lot brings $48.18. This is the difference between offering what you have to 2-3 people or 100-150 people. There's a reason why
the Internal Revenue
Service and the
Uniform Standards of
Professional Appraisal Practice
considers Auctions as the
source for comparables in determining FAIR Market VALUE.....and not
Estate
Sales!
Q.
Before I consider an Auction, What
should I do?
Q. What should I look for at an Auction?
Q.
Should I run a Sale before we have an
Auction?
Q.
What if no one shows up?
Q.
How much money will my Auction bring?
Q.
What about Reserve or Minimum Bid Items?
Q.
What is the Auctioneer's Responsibility? You know, Buyers don’t just show up, Items don’t just get numbers on them, Item List don’t just get printed and Photos don’t just appear on our Web Site. What and where items are placed within the Auction to attract and keep Buyers doesn’t happen without Effort, Product Knowledge and Experience. The Majority of the Auctions we conduct are from Referrals by Banks, Bidders, Past Clients and Institutions. These people have compared and have Confidence in the Auction Method and us. They have seen the measures we take to have a Successful Auction. We share in the risk and place our Reputation on the line at each Auction Sale. Like you, we have family and others that depend upon us to support them.
Like Attorneys and
Doctors, your Auctioneer should be a Full-time Professional that knows
your Market and fully understands this Auction Business. You may have an
Auction once. We understand that each Auction involves a Lifetime
Business, your Past and Future or your Parent’s Estate that’s full of
Memories. We still treat each Auction Sale as if it was our own. In other
words, we’re happy when the Owner’s happy.
Compare and ask these Questions!
Frost National Bank Trust Department - Mr. Roger Garrison (361) 844-1053 Small Business Administration - Mr. Joe Rodriquez (361) 888-3314 U. S. Bankruptcy - Trustee, C.C. TX. - Mr. Mike Boudloche (361) 883-5786 ext 15
Auctions are the Fastest, Fairest and most Efficient way to generate
immediate |
