Whether you have made the decision to close your business or you have decided to replace your current equipment, you’re ready to put your items up for auction. Although the auction house will do their best to sell your items, there are some things you can do to increase your chances of a successful sale. Check out this list Backes Auctioneers put together to help you prepare for auction.
Know the Worth of Your Items
Before you decide to put your equipment up for auction, it is important to know exactly what your items are worth. Utilizing an appraiser to determine the actual value of your equipment can help you have realistic goals for your sale. This can also help when it comes to choosing a starting bid.
Double Check Your Items
No matter what your equipment is used for, no one wants to purchase something covered in dirt and dust. Do a thorough cleaning of your items while also checking or performing any routine maintenance they may need. By completing some pre-auction maintenance, the buyer can be sure they are purchasing something that has been maintained and is in good working condition.
Visit Some Auctions Ahead of Time
If you are new to auctions or it has been a while, you may want to consider visiting a few before you put your items on the block. Understanding the entire buying and selling process can be a lot to grasp if it’s your first time. Knowing more in advance can ease your anxieties and help you get the best price possible for your equipment.
If you are ready to sell, we at Backes Auctioneers are here to help. Do what you can to prepare your equipment and then let our knowledgeable staff handle the rest. If you have questions, don’t hesitate to reach out.