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Going Out Of Business? Liquidate Your Items Through An Auction

Friday, July 19th, 2019
liquidate your closed business items through auction

No matter the reason for going out of business, the experience can be stressful and scary. One way you can make this easier is to simplify the process of liquidating your assets. This includes furniture, equipment, and other items. One option that has many benefits you may not have considered is selling at an auction. Here’s why working with an auction house may be a good choice for your business liquidation.

You won’t have to do all the work

By working with an auctioneer, you won’t have to worry about categorizing and pricing every item you have to sell. They have experience handling large amounts of items and can help you handle the stress with their knowledge. Auctioneers can also help you with pictures and will include a catalog of items with all needed information. If they feel that any items cannot be sold, they will be honest, which helps simplify the process.

They know how to find a customer base

Rather than you seeking out people to purchase all of your items, an auction house will have an existing customer base. If there are not enough current auction-goers already working with them, they know how to advertise. For example, if you have pieces of heavy equipment and related items, they can find people that need them most for their growing companies.

Choosing an auction will save you time

Unfortunately, most liquidation situations do not come with unlimited time. With everything you already have to handle, managing a deadline for final sales can be daunting. Auctions offer you a quick, efficient way to sell all of your items within days to weeks, rather than months.

You can get more money at an auction

Although there are fees associated with selling at an auction, you will often get more money for your items. This is because the people attending are already interested in what you have to sell. Rather than listing all of your items online or hoping that a physical sale will work quickly, you will be able to sell everything in one or two days. The time limit at auctions often helps people make quicker decisions with their purchases. It also increases competition, which could mean higher bids will happen more often.

Choosing an auction house

If you need to liquidate your assets, you may think that choosing any auction house will work. But, there are some things you should be on the lookout for.

First, find one that has experience. Even if they don’t have much experience with business auctions, you need to hire an established company. Next, look for an auction company that has a strong reputation. You can find reviews and ratings online. Don’t forget to check into the auction house’s policies and rules. You want to make sure you can follow them. Finally, speak with the auctioneer in person or on the phone to get a feel for their personality.

Auctions with High Plains Auctioneers

If you would like to learn more about auctions, the experts at High Plains Auctioneers in Dalhart, Texas are here for you. We offer a variety of auctions including estate, antique, equipment, and farm auctions. Call us at (806) 244-6776 or Contact Us by email for more information about Selling at one of our events.