Many people have items in their attics, basements, and closets that they do not know what to do with. These are usually things that individuals no longer use or have outgrown. They are not yard or rummage sale type items. You could donate them to a local charity or pass them on to relatives. You might also consider entering them in a consignment auction Pantego TX auctioneers, for example, routinely conduct. Before you do that however, you need to know how this kind of sale works.
Contacting a local auction house to get information on how this method of sale works is an important first step. These companies may handle only certain types of property such as farm equipment or antiques. Others will accept most items that are in good condition. It is possible that you will have to wait until the auctioneers have sufficient inventory to put on a successful sale.
Of course you can always offer your unwanted pieces on any one of several websites that specialize in a form of auctioning. You will probably pay a fee and will be responsible for collecting payment yourself. A local company, on the other hand, probably conducts live sales on a regular basis. If you choose one of these professionals, the items you are offering will have to be transported to the auction location prior to the bidding.
Most auction houses are in business for profit. They are going to charge you some type of fee or percentage to add your property to their sale. There may be a flat rate per piece or a small percentage of the high bid. Some companies charge the buyers a percentage and add it to the winning bid price. In this case, your cost to participate is passed onto the purchaser. You need to know how you will be paid though. The company usually collects the money from the buyers and disperses it to the various sellers within an agreed upon time period.
In the auctioning world properties are either sold with a minimum acceptable price or absolute, meaning the seller agrees to sell regardless of the high bid. Before you enter your things into an auction, you should clearly understand which type of sale this is going to be.
A big part of this process is advertising and marketing. This is not an expense that the auction house usually incurs. Sellers traditionally are responsible for these costs and are expected to pay an upfront fee to cover them. The company should let you know exactly how and when the sale will be advertised.
Another part of this process is the shipping involved if you have sold your pieces to someone who is not in your area. You will probably be responsible for making sure that the items arrive intact and as advertised. This is something you should take into consideration when you put your pieces into a sale. If you are not paid directly by the buyer, the company must let you know when to expect payment.
Auctions are fast paced and fun to attend for sellers and buyers. You may just decide that this is something you want to do the next time you clean out your attic.
Contacting a local auction house to get information on how this method of sale works is an important first step. These companies may handle only certain types of property such as farm equipment or antiques. Others will accept most items that are in good condition. It is possible that you will have to wait until the auctioneers have sufficient inventory to put on a successful sale.
Of course you can always offer your unwanted pieces on any one of several websites that specialize in a form of auctioning. You will probably pay a fee and will be responsible for collecting payment yourself. A local company, on the other hand, probably conducts live sales on a regular basis. If you choose one of these professionals, the items you are offering will have to be transported to the auction location prior to the bidding.
Most auction houses are in business for profit. They are going to charge you some type of fee or percentage to add your property to their sale. There may be a flat rate per piece or a small percentage of the high bid. Some companies charge the buyers a percentage and add it to the winning bid price. In this case, your cost to participate is passed onto the purchaser. You need to know how you will be paid though. The company usually collects the money from the buyers and disperses it to the various sellers within an agreed upon time period.
In the auctioning world properties are either sold with a minimum acceptable price or absolute, meaning the seller agrees to sell regardless of the high bid. Before you enter your things into an auction, you should clearly understand which type of sale this is going to be.
A big part of this process is advertising and marketing. This is not an expense that the auction house usually incurs. Sellers traditionally are responsible for these costs and are expected to pay an upfront fee to cover them. The company should let you know exactly how and when the sale will be advertised.
Another part of this process is the shipping involved if you have sold your pieces to someone who is not in your area. You will probably be responsible for making sure that the items arrive intact and as advertised. This is something you should take into consideration when you put your pieces into a sale. If you are not paid directly by the buyer, the company must let you know when to expect payment.
Auctions are fast paced and fun to attend for sellers and buyers. You may just decide that this is something you want to do the next time you clean out your attic.
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