7 Things You Should Know About Liquidating An Estate Via Online Auction

Wondering what liquidating your estate via an online estate auction entails? These are the most popular questions we get asked:

What are my options when liquidating an estate via online auction?

There are a few ways you can go about this process including:

  • A full-service supervised event in that we do everything from cataloging and photographing all the items, marketing, and removal. This is probably the most hassle-free option for you.
  • A self-supervised event in which you do everything. You have access to our auction platform and huge list of buyers.
  • A bulk sale in which you sell the entire estate to the highest bidder.

What are your fees to auction my estate?

Because every individual and situation is different, our commission rates vary. There are a number of factors we look at including how many items you are selling, the amount of work required to set up the auction, and how much it will cost to market the auction.

Will I need to keep all the items in my home?

It all depends on how many items you have and the type of items you want to sell. If you’re selling an entire estate, it may be best to keep the items in the home. You do have the option of packing up items and including them in one of our monthly combined warehouse estate auctions.

How does this process work of auctioning my estate online?

Our auction coordinators will sort through everything and group items together into lots. Then we’ll create the catalog by writing descriptions and taking photographs of each lot. Once all the items are catalogued and published online, our marketing team goes to work to promote the auction via social media and other online channels. Buyers can then register to bid and begin placing bids. The auction is usually online for about two weeks.

Can people inspect the items up for auction?

We do offer a preview day the day before or on the morning that the auction starts to close. It is open to the public and buyers can come to inspect items.

How do you promote the auction?

We send weekly emails to all of our subscribers who request to receive notifications of all our auctions. Our marketing team also promotes auctions via social media including Facebook paid campaigns, Instagram, and Twitter. Our experience has shown that Facebook has brought highly targeted buyers who are interested in estate sale auctions.

What if some of my items don’t sell?

In most cases 99% of all items do sell. In the rare occasion that something does not sell, we can talk about what you would like the next step to be.

Would you like to know more about liquidating an estate via an online auction? Give us a call: 619-326-9690