Most people have the idea of auctions as it relates to livestock or art and this idea usually consists of a fast-talking man with a gavel rapidly running through items and pressuring audience members to outbid each other. This is not exactly what today’s auction services consist of.
Today, auctions are used to sell more than just livestock and fine art and are instead used by sellers for a variety of items. The McLemore Group auction services remove the uncertainty of selling your items in an auction. We help facilitate the selling of your items by organizing an auction on your terms.
Auctions can be a great way for sellers to get a maximum return on their item in a much shorter time period than other selling options. With an auction, you're almost guaranteed to sell your item, removing the uncertainty and waiting that comes around with traditional methods of selling. Also, members of an auction come ready to buy, so you know your item will be presented to an engaged and qualified group of buyers.
Many people are pleasantly surprised after selling their items in an auction because auctions so frequently provide higher sale prices than traditional methods because bidding wars are so common. Two or more people may end up competing for an item requiring them to outbid each other and resulting in a higher final sales price for the seller. Another benefit to auctions is that it takes the hassle and stress of selling your item off your plate. Now that you know what auction services are and what the benefits of an auction could be, you’re probably wondering what exactly can you auction? Basically, you can auction way more things than you might realize.
1. Collectibles
The world of collectibles encompasses a lot of passions for various items, some more surprising than others. Those specialty items you’ve been collecting and carefully preserving since childhood might just pay off though. The right collectibles can be very valuable and can generate a lot of interest and competition among bidders at auctions. Sports collectibles, like baseball cards, are very popular, but other, more niche collectibles can generate high dollar sales at auctions too. Classic toys, lunchboxes, and comic books are some popular types of collectibles that you can successfully sell at an auction. Letting go of your collectibles through an auction can generate a big return and reward you for all that you’ve put effort into collecting!
2. Jewelry
Instead of pawning your jewelry, try auctioning it instead. When you pawn jewelry, you’re usually not getting a very good return because the pawn shop will still have to sell it in order to generate a profit for them. On the other hand, at an auction your piece is put directly in front of buyers, cutting out the middleman and generating a higher return. Many people don’t think of auctions when it comes to cleaning out their jewelry box, but if you have a lot of pieces you don’t wear often and wouldn’t mind getting rid of, an auction can be a great way to generate top dollar for your items. This is especially true if any of your jewelry is particularly rare, vintage or high quality. Whether you have one piece or several, selling your jewelry at auction will provide a great return.
3. Boats
Many people know that you can sell cars at auctions, but did you know you can sell boats as well? Just like with cars, selling a boat at an auction is a good way to get it in front of a lot of buyers all at once. With traditional selling methods your boat is likely to sit idly on a listings page or with a ‘For Sale’ sign on it for weeks or maybe even months. Between scheduling showings, responding to inquiries and eventually negotiating a sale, this way of selling requires significantly more of your time and almost never results in a bidding war that pushes the price of your boat beyond asking price. Opting to sell your boat at an auction on the other hand, removes all of the leg work that you would have had to do otherwise. It gets your boat in front of multiple buyers simultaneously, guaranteeing you a faster sale. Auctions also significantly increase the chances that your boat will sell for more than you would have listed it for due to competition among bidders.
4. Real Estate
Selling real estate can be a headache for even the most seasoned seller, not to mention the amount of time it takes. Whether you’re interested in selling undeveloped land, commercial or residential property, an auction can help you find a buyer for your real estate fast. Our auction services can get your real estate into the right type of auction and in front of qualified and ready buyers. Selling your real estate in an auction can provide a fast sale without having to compromise on what your property sells for. In fact, oftentimes sellers get even more for their real estate when selling at an auction versus selling using traditional methods. The bidding that takes place at an auction naturally drives the price up without holding the sale up.
5. Domain Name
Domain names are another unexpected item that can be auctioned off. Think of domain names as virtual real estate - a long term investment of sorts that potential buyers are willing to pay top dollar for. The owner of a domain can opt to auction it off to interested buyers and this will usually result in a significant return on investment, especially if the domain is a common word or phrase that is heavily sought after.
If you have items you’re interested in selling but overwhelmed as to how you’ll do it, an auction may be the right choice for you. Anything from baseball card collections to houses can be effectively sold at an auction. If you’re interested in using an auction to sell your valuables, our knowledgeable team at The McLemore Group is able to help you navigate the entire process.
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Kevin McLemore is a second generation real estate broker, having grown up in the business. The McLemore Group is centered around the strong bond that Kevin has with his father, Dan McLemore. They have been working together selling land, homes, and commercial projects for over 20 years.
Kevin specializes in helping sellers of unique properties get maximum value for their property with as little headache as possible. He has brokered transactions throughout the greater Charlotte region including the upstate of South Carolina.
Copyright © 2024 The McLemore Group - All Rights Reserved.