Knowledge
Seller's Guide to Auctions
Selling your asset at a public auction is an excellent option if you choose the right company and prepare correctly. Here is your complete guide.
Preparation
1. Get a prior professional valuation. 2. Prepare all documents (deed, certificates, licenses). 3. Choose a licensed auction company. 4. Discuss marketing strategy. 5. Set the opening price (minimum) carefully.
Marketing
1. Advertising through official channels. 2. Digital and targeted marketing. 3. Open inspection period. 4. Providing all information to potential buyers.
After the Sale
1. Receive the amount in escrow account. 2. Sign transfer documents. 3. Receive bank deposit. 4. Keep copies of every document. 5. Inquire about taxes and obligations.
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