Northeast Ohio Auction Process
This is our 11-step, Northeast Ohio auction process. It outlines each step we take to help you liquidate your assets during a move or downsizing.
Evaluation
We discuss the specifics of your project then prepare a schedule and tailored sales solution.
Engagement
A consignment agreement is created with all terms and details.
Identification
We provide staff and/or materials necessary to prepare a detailed inventory. The identification process can be completed by either our staff or the seller.
Web Posting
All event details and inventory are compiled for posting to the web. Each event is featured by closing sale date and has unique terms of sale. Most events are posted with 1-3 days of the identification process.
Online Preview & Bidding
Once the event is posted to the web, the inventory is fully searchable for preview and immediate bidding. While the bidding phase can be as short as a few hours, we recommend a preview/bidding period of 10-14 days for maximum success.
Marketing
The marketing plan begins by utilizing a combination of advertising strategies including but not limited to web promotion, online advertising, social media, email blasts, print media (flyers, signage) upon posting.
Inspection/Open House
With whole-house auctions, we like to include a presale inspection or open house, staffed either by us or the seller. The inspection is usually conducted one or two days prior to the event closing.
Event Closing
The event will begin closing online starting with the first catalog item and continues 3-10 items per minute until all items have been sold. We utilize a dynamic closing system which automatically extends the closing time on any item which is being actively bid upon. Most events conclude within 2-6 hours.
Transaction Processing
At the conclusion of the sale, all bidder transactions are automatically processed for payment and sales receipts are e-mailed to the winning bidders.
Removal
The removal is supervised by either our staff or the seller. Buyers come prepared to disconnect and remove purchased items. Most purchasers use professional movers. Removals can be scheduled during the day, evenings and/or weekends. We can coordinate and supervise all aspects of the removal with building management. Most removals require 1 or 2 days, typically between the hours of 9AM-5PM.
Reconciliation
With the conclusion of the removal we prepare a detailed reconciliation with complete inventory, bidding history, revenue, costs of sale and proceeds disbursement.