How to Sell
Whether you have just one valuable item to be sold, or an entire estate, Corbett's Auction & Estate Sales in Denver, Colorado provides a way to sell your items to meet your needs.
Corbett's Auction House offers a complete range of estate services:
ESTATE SALE OR AUCTION?
WHAT EVERY SELLER MUST KNOW BEFORE LIQUIDATING THEIR Denver ESTATE!
Each year we receive hundreds of phone calls from regular folks that find themselves in the demanding position as an estate representative for a family member or friend. It seems such a role is always a thankless and very demanding on your time and nerves. When an estate occurs it seems that the MAJORITY of family members make a statement along the lines that "we need to have an estate sale" - the term 'estate auction' is what they really mean.
In most cases, it becomes apparent that the person named as an estate representative (executor) lacks the necessary business experience and know how to adequately perform the necessary tasks when settling an estate.
When the time comes to properly liquidate the assets of an estate, it seems that 9 out of 10 times, estate representatives improperly select the wrong type of liquidation service, which ultimately costs the benefactors of the estate thousands of dollars and added frustrations.
We have found that the majority of estate representatives and executors whom we speak to simply do not understand what the difference is between an Estate (Tag) Sale versus an Auction.
The fact is, the difference between an estate sale versus an auction is mammoth and under no circumstances are the two services synonymous with one another.
Before I explain those differences here are some numbers that might quickly put things in perspective.
By conducting an estate auction 100% of the personal property will be sold at the end of the day. Some of your items will sell for far beyond our wildest dreams and some of the items will sell at discounted anticipated value. Everything will have sold for its fair market value that day.
In average figures at an Estate Tag Sale:
About 30% and everything marked with too low a price will be sold.
About 50% will be sold at discounted prices.
About 20% will need to be disposed of or given away.
0% will be sold for more than it is marked. Tag sales are negative negotiation sales methods where the price can only go down, not up.
THE DEFINITION OF AN AUCTION:
An auction is an event in which goods or property is sold to competitive bidders.
By being open to the public, an auction ensures a wide range of bids, and sometimes items at auction can fetch surprisingly high prices. The bidders, in turn, create a free competitive market, determining on an individual basis how much they want to pay for an item, rather than having either under or over prices dictated by the seller. Corbett"s Auction & Liquidation can tell many stories where sellers thought an item was worthless only to be surprised to receive payment from our auction gallery in the tens of thousands of dollars. To be honest we are sometimes surprised as well. But that is reason enough to use the auction method to sell in the first place.
WHY SHOULD YOU SELL YOUR ASSETS AT AUCTION?
The auction method of marketing is one of the world's earliest professions. In fact, this unique method of selling literally dates back to thousands of years and the reason for this is quite simple. Auctions are the quickest and most efficient method of selling goods at market value. Truly professional auctioneers are professionals that typically have years of experience and an extensive educational background in the auction industry.
1. ″ Creates Competition: When Bidders Compete, Sellers Win.
2. ″ Establishes a floor and eliminates the ceiling on pricing
3. ″ Fully transparent and recognized as being fair to all parties in the marketplace
4. ″ Only method that truly reveals the Current Fair Market Value
5. ″ Satisfies Governmental, Judicial, and Probate requirements
6. ″ Creates excitement within the marketplace
7. ″ Creates a sense of urgency that cannot be duplicated by any other method of marketing
8. ″ Converts all your items into cash. Not just your best items
9. ″ Buyers come prepared to buy
10. ″ Auctions expose your assets to a larger pool of qualified buyers
11. ″ Fully transparent! Sellers are welcome and encouraged to attend THEIR auction.
AUCTION: THERE IS AN INDUSTRY STANDARD There is a well defined industry standard in the auction industry through the National Auctioneers Association, and the State of Colorado Auctioneers Association.
It's important that they are members of their state and national auctioneers association, as they are required to follow a strict code of ethics with these organizations including continuing education programs.
AUCTION: 100% TRANSPARENT! Corbett's Auction House not only welcomes but we encourage our sellers to attend their auction! There is nothing more satisfying than seeing the owners of the property smiling while witnessing the success of their auction event. At a public auction, each item sold is completed in open view, which leaves nothing to the imagination. Corbett's Auction strongly encourages sellers to attend one of our auctions before you make a decision of where to sell.
AUCTION: THE AUCTION METHOD OF MARKETING Generally speaking, professional auctioneers are specifically trained and experienced in the ART of marketing. In fact, this is the most important aspect of the entire auction process.
On a regular basis, auctions make the headlines with local and national news agencies because auctions create and demand attention! Professional auction firms go to great lengths to market your assets to the right target market audience as opposed to limiting their advertising by placing generic classified ads in the local newspaper and a cardboard sign on the street corner. In terms of marketing alone, the auctioneer's method of marketing is in a league of its own. Corbett's Auction & Estate Liquidation regularly has hundreds of photos and descriptions of items at auction, and a market across the United States.
AUCTIONS DELIVER FAIR MARKET VALUE! Auctions are the only method of selling where prices are negotiated upwards through the momentum of competitive bidding. Can you think of a better way to determine fair market value than an auction with an object offered by a willing seller and a crowd of willing buyers?Without question, dealing with an experienced auction firm, a well-prepared and marketed auction will result in the highest possible fair market value on that particular day in a timely and efficient method.
Before you make the decision on liquidating your estate, be sure to consult with Corbett's Auction House and discover how the auction method of marketing will work for you. If you get nothing else you will be amazed at how easy it is have Corbett's Auction & Liquidation take the work load off your back and sell for you.
Only a professional auctioneering company who deals in estate sales and auctions can determine whether an estate sale or auction is best. Contact Corbett’s Auction House in Denver, Colorado for a free consultation. 303.794.3532.