Attending a live auction is a great way to get an affordable price on everything from real estate to farm equipment. However, if you are a beginning bidder, you may be overwhelmed by the speed of the auction process. Prep yourself with some savvy strategies to ensure you are the highest bidder. Research the items and the live auction process. Then, create a bidding budget. Also, make sure you arrive early to the live auction. Arriving early gives you the chance to register to bid, ask questions before and get a good seat.
Today as always, farmers are doing the work that keeps our country moving forward. Over the years farming has evolved forcing changes in techniques, crops, and equipment. Farm equipment auctions are a cost effective, fast and efficient means to dispose of excess equipment. By gathering pre-qualified bidders, farm equipment auctions place unneeded equipment in a competitive arena for serious buyers.
Since you’ve decided to auction some of your farm equipment, be proactive when it comes to preparing for your auction. There are some things you can do to ensure you get a better price from your farm equipment auction. Preparing your equipment for auction, finding a great auction company and advertising can bring better prices.
Your farm equipment is ready and the details have been arranged with your auctioneer so the next step for a successful auction is to advertise. Getting the word out is the key to bringing bidders to the table so you get the best price for your farm equipment. Fortunately, there are numerous ways to advertise your auction, and the more methods you utilize, the more people you’re likely to reach with the details of your auction. By using newsletter and newspapers, internet advertising, direct mail and email you can announce your auction to a widespread range of potential buyers.
There are a few things to keep in mind while you’re choosing an auctioneer. Don’t be afraid to ask the tough questions and make sure you’re on the same page as your auctioneer before putting your farm equipment in their hands. The experience of the auctioneer and his staff is critical, so be sure to find out. You’ll also need to know how they find buyers, how appraisals work and what details the auction company handles, to name a few. Consider these factors because it’s important to pick the best auctioneer so you get a great price for your farm equipment and have a positive experience.
If you’re interested in a farm equipment auction but aren’t familiar with the process, here are some pointers. Before the auction, you’ll need to get registered and select the pieces you want to bid on. Pay attention because when the item hits the auction block, bidding may be fast. If you can’t attend the auction, you may be able to bid online or by phone. Immediately after you win, you’ll need to pay for your purchase and arrange to take it home. Whether you are looking for tractors, trucks, implements, graders or towing equipment, be prepared so you don’t miss out on the farm equipment you want.
Looking for a farm equipment auction but not sure where to start? There are multiple ways to be alerted when there are nearby auctions so you’ll never miss a great farm equipment auction. Putting your name on your favorite auction company’s mailing list is a great place to start. Reviewing the ads in newsletters and newspapers is helpful, too. But in today’s world of technology, you’d be wise to “like” your favorite auction companies on Facebook and other social media sites to get the most current updates and news regarding farm equipment auctions. And don’t forget to network with others interested in farm equipment auctions.
Life surprises us. Suddenly our world can turn upside down. When faced with the loss of a loved one, a long distance move, a change in finances or maybe even a sudden illness we are forced to shoulder the burden. Many times that includes liquidating assets and property as quickly and efficiently as possible so that we can move forward. It is not an easy task, but hiring an auction company to help you divest of assets and property at an estate sale is an efficient way to complete the process quickly and with a minimal investment of time and money.
