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4 Tips To Help You Auction Your Personal Property

Friday, December 23rd, 2016
tips to help you at a high plains auctioneers live auction

Once you have chosen to sell your personal property, you will find yourself faced with more decisions. You will need to decide exactly which items to sell and which to save as keepsakes. You will next have to decide between an auction or private sale of your items and how to present your home to buyers. Choosing to auction your items is a quick, efficient way to sell them because an auction house will help you with the entire process. A private sale of your items may not go as smoothly. Here are four tips you should know when auctioning your personal property.

Decide what to sell at the auction

The first and possibly most difficult decision you must make is choosing what you want to part with and what you want to keep. Your choice will depend on where you are moving to and the amount of space you will have available. For example, you may not have room for certain paintings or extra household items.

You will likely find a lot of your children’s mementos that will have to be passed on to them when going through your belongings. Items you don’t want such as cookware, linens, tools, and other basic household items will have to be sorted and set aside for the auction.

Check market prices

Check local listings of similar properties to determine what your home is worth. You can also attend local auctions to get an idea of what property prices are set at. Local real estate agents are a good source for finding out what your property is worth as well.

Once the auction has closed, you will need to decide how you are going to accept payment. You may need to receive a fixed amount to pay off an existing mortgage or you may be able to receive a fixed amount.

How to present your property at auction

Preparing your property for auction may include making some repairs or renovations. A real estate agent is a good source of advice on what the market would expect as far as changes to your property. There are also some inexpensive cosmetic changes you can make to your home to make it more appealing to bidders.

Make sure that your property is clean. A clean home will tell a prospective buyer that you care for your property and have taken care of it. Take out any items that will make it look cluttered or messy. This step can be done while you are organizing your auction items. You can leave effects that give your home character, but take away all personal items of value. There are items you can add such as mirrors, new cushions, and perhaps some flowers that can make your property more appealing to bidders.

Choose auction experts

If you would like more information about auctioning your personal property, contact the experts at High Plains Auctioneers today. You can call us at (806) 244-6776 or Contact Us by email for more information about selling or bidding at auction. Don’t forget to check out our Upcoming Auctions to see what we have available!