Estate sales are also known as tag sales. Most people use them to dispose of their belonging in the case of moving, divorce or in the event they are declared bankrupt by a court of law. Below are some few things you need to know about estate sales in Southern California.
An auction cannot be complete if there are not goods to be auctioned. The simplest way to get goods to auction, is working with traders you already know. These traders are supposed to be collectors of the items you have an interest. Another way is through advertisement on papers, items advertised under garage sales can be acquired and be auctioned.
It is also to have a contract ready for the person you will be auctioning goods on their behalf. This contract is important since it will protect from any irregularity that the owner of the good used to acquire the item.it is also important to authenticate the items ownership documents and also the commission you are going to charge for your services.
Another thing that would make your auction a success is hosting on a day that most folks will attend. Saturdays and Sundays are the best to host an auction because a lot of people you are targeting will be at home relaxing after a long week of hard work. It is also important to find a convenient place to find host your event.
Another important thing is knowing how to price your items during the auction. Remember there this a lot of completion in this business, thus if you do not get this right, you may end up not making it. If it is your first time you should consider asking for help from other experienced auctioneers. You can also check prices on items on some online sites like eBay.
You should aim at achieving a hundred percent rate of resales from your customers. That is easy to achieve, you only need to keep them updated on the collectibles you have acquired recently. This way they can even make orders directly without even coming to the auction. You can also achieve this by giving your customers discounts when they purchase more than one thing.
To increase the attendance of the auctions you host advertisement is required. If you have finances, consider putting few billboards along the streets, if you are working on a low budget, you can work with fliers. They are affordable and you can control who you advertise. That is important as you are assured that information will reach your target group.
The above-discussed tips are supposed to help you plan a perfect auction. You should also remember a phrase that says that a happy customer is always satisfied. So, you should ensure that all your attendees are comfortable and happy. That will increase chances of them recommending the place to their friends.
Find an overview of the reasons why you should attend estate sales in Southern California and more info about upcoming estate sales at http://smallcostestatesales.com right now.