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Everything
you ever wanted to know about an Estate Sale
Justin
Time Auction conducts Estate and Liquidation Sales onsite
at the owner's residence or place of business. It is to
the benefit of the estate or company to hold the sale
onsite whenever possible. In the event this option is not
possible, we will make arrangements to relocate the sale
to the banquet hall where we hold our antique and
collectible sales. If these options are not feasible and
you prefer, we will offer to buy the entire or partial
contents of the house, apartment or business rather than
conduct an auction. Estate auctions can be set up within
a month and are settled within ten (10) days
WHY
CHOOSE THE AUCTION METHOD?
It is the modern method
of marketing
It stimulates
enthusiasm
Items sell
at a specifically set time and/
or deadline
It is
convenient and economical
It secures
the highest possible prices
It promotes
competition
Auction
advertising is more effective
It is the
fairest method
It can
resolve family disputes over personal property
distribution |
It gives everyone an equal chance
It can bring
more than the asking price
It motivates
everyone involved
The price
realized is true market value
The price is
set by more than one person
Removal of
the goods is immediate
Auction
company prepares the sale
Bidders use
their own judgment
Risk is
reduced to a minimum
It is the
quickest and most efficient way
Fast cash
settlement |
How
Does an Auction Work?
Our auction works
on a commission basis
Our fees are based on a sliding
scale
We sell items to highest bidder
We take care of all advertising
We setup & organize sale
for successful completion |
We do not get
paid until estate sells
We take care of all advertising
Estates are settled within
10 days
The greater the value of
estate, the less the rate if commission |
WHAT ARE OUR
COMMISSION RATES?
- Many factors are considered in
establishing commission rates on estate sales.
Generally, rates vary from 15% to 30%
WHAT FACTORS
DETERMINE THE RATE?
- The value of the contents of the estate
- Advertising costs
- The hours of labor involved in preparing for the sale
- Whether or not items have to be relocated
- Other expenses out of the ordinary
WHAT ARE OUT
OF THE ORDINARY EXPENSES?
- Permits
- Bathroom facilities
- Dumpster fees
- Electric
- Set up labor
- Security and hall rental
HOW IS AN
ESTATE SALE ADVERTISED?
- Internet website
- Trade papers
- Local newspapers
- Fliers
- Direct mailing
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