Is an auction right for you?
Do you have unique items that will spark interest from a specific type of buyer (i.e. antiques, collectibles, etc.)?
Do you have more merchandise than what a simple yard/garage sale can accommodate? (i.e. moving sale, estate sale, etc.)?
Would you rather get a single check for all of your goods or deal with classified adds, multiple texts/phones calls, and the time/effort it takes to sell your individual items?
Would you prefer to have people compete for your items or haggle the price in order to find your bottom dollar?
If you answered YES to any of these questions then it might be time to consider an auction!
Benefits to selling at auction
Speedy Process, Quick Turnaround
An auction is immediate. It happens during a set time and is completed during that time. It’s quick and efficient.
You Set the Time and Place of Your Sale
It’s as simple as that. You work with the auction firm to schedule what works best for you.
You Know Exactly When Your Property or Goods Will Be Sold
There’s no wondering whether or not your property will sell. It WILL sell and it will sell during the set auction time.
Comprehensive Marketing of Your Property
Part of conducting an auction is marketing it to the general public to get as many people there as possible. Auctioneers have comprehensive mailing lists they use to market their sales. They run advertisements, distribute fliers and more. They are marketing specialists. A good marketing effort can easily bring 300 to 400 people to your auction, or more!
Buyers Come Prepared to Buy
Auction goers come with money in their wallets, pockets and hands and are prepared to come home with property. It’s a seller’s delight. For real estate auctions this is especially advantageous because buyers must qualify to buy through a deposit of a certified or cashier’s check.
There is no haggling over price or merchandise. The auction method is quick and efficient. When people bid, they make a commitment to buy the property at that price without discussion or debate.
No Leftovers and Little Clean Up
Every item at an auction goes up for bid and every item is sold. How many of you have ever had a garage sale and when you’re finished, you spend hours packing up what didn’t sell and looking for places to store it? With an auction, there’s no worry about what to do with leftover items because there aren’t any. This means very little clean up, also.
Auctions motivate buyers to perform. People get caught up in the competitiveness of the bidding and many times this drives the price of items higher. To some it’s like a game, and they want to win at all costs (or hopefully for you, at high costs!) And did you know that 9 times out of 10, an auction brings in the fair market value, if not more, for any item put across the auction block?
There’s no more exciting atmosphere than an auction. Crowds of people competing for property, combined with that lively auction chant makes for some great entertainment and fun. (Give them a sample of your chant.) It makes people feel good and makes them feel like spending.
Auctions Work Well in Both Good and Bad Economic Times
People love auctions, because they love sales. Statistics show, in a good or bad economy auctions remain a steady force. When the economy is bad, the auction industry does not feel the impact: people still flock to auctions.
How it works
You (Consignor) CONTACT US to let us know that your interested in selling at auction.
Bidder-Sweet Auction (BSA) will assess your merchandise and advise first, on whether your items should be sold at auction and second, what type of auction (onsite, online, cooperative) stands to yield you the best return.
Once it is determined what kind of auction best suits your situation, BSA will propose a strategy highlighting responsibilities, deliverables, marketing, and obligations expected from all parties.
Upon acceptance of strategy, you will sign a contract with BSA that identifies all agreed upon terms (i.e. Auction Date (A-Day), expenses, merchandise to be sold, reserves, commissions, etc.)
A-Day - ~45 days: BSA will finalize inventory and take photos of your merchandise for marketing purposes.
A-Day - 45-30 days: Marketing campaign will begin.
A-Day - 7-1 day(s): Onsite Auctions: BSA will set up Registration/Cashier trailer onsite, deliver tables for presentation, and iron out any logistical concerns consignor may have. You will begin setting up large items for sale presentation. Cooperative/Online Auctions: Your merchandise will need to be delivered to sale location for preparation and cataloging.
A-Day - 1 day: Onsite Auctions: BSA will deliver port-a-potties to site and ensure all auction equipment is functioning properly and ready for sale. Consignor will prepare merchandise for presentation.
A-DAY: Onsite Auctions: Consignor will have all merchandise on display prior to designated registration time (in some instances this could be the day before). BSA will place appropriate signage on and near auction site to direct and entice buyers. Upon completion of sale, BSA will remove presentation tables, port-a-potties, signage from site location. All Auction Types: BSA will register bidders, auction agreed upon items, cashier and collect appropriate sales tax according to state law.
A-Day + 7-14 Days: Final settlement will be made with Consignor.