AUCTION? OR ESTATE SALES?

SAY NO TO THE ESTATE SALE...

AND YES TO THE ONLINE AUCTION!!!

Estate Sales and Auctions serve the same purpose, but that's where the similarities end. Each provides different results that are worth considering. An estate sale, or a "tag sale", is a liquidation method that requires a vendor to come to your home or property to determine a set "price" for everything you intend to sell. People will see the tag prices often trying to bargain, or haggle for lower prices, and sellers often accept in an attempt to sell everything. Most tag sales last more than a day as well, and on subsequent days or the last day, it's very common for items to be discounted... often up to 50% off the original tag price negatively impacting sales volume. This drives down overall revenue and puts the seller in the desperate disadvantaged ‘low demand’ position when compared to a local Tri-Cities, TN or online auction. 

THE CONS OF ESTATE SALES (AKA TAG SALES)

Here are some of the negative aspects of Traditional Estate Sales in Tri-Cities, TN:

• Many items in tag sales are sold well below fair market value.
• Strangers are wandering through your house or property for multiple days.
• Prices never go up! They only go down as demand plummets throughout the sale.
• The longer the sale, the lower the sale prices of each item.
• Tag sales never sell all the items, and what’s left is still yours to deal with.
• Estate Sales take time slowing up how quickly you receive your revenue from the sale.

THE PROS OF ESTATE AUCTIONS

Now, let’s see how Online Auctions for Tri-Cities, TN estates can be a liquidation game changer!

• Nobody buys things at auctions. They WIN things at auctions! There’s a major cognitive difference in the mind of the buyer that helps drive up demand and increase selling prices. 
• Auctioneers don't negotiate downward; they start with an opening price and negotiate up from there with all estate sales in Tri-Cities, TN! 
• Competition leads to higher prices, especially when bidders see that someone is trying to win their items. FOMO is real! (AKA fear of missing out) 
• Bidders often know the value of the items they see and are willing to bid more to win. The market dictates the value and sale price. NOT desperation to liquidate all items. 
• At auctions from our expert estate auction company in Tri-Cities, TN, competing bids bring the price up, as no one wants a good deal to go to someone else. 
• In some cases, auctioneers can set a “Reserve” or minimum price. This ensures you get the full value of high-demand items such as real estate assets or land. 
• Auctions tend to build excitement whether they are held online or hosted live on-site. 
• Online auctions  for Tri-Cities, TN estates allow people to participate who would otherwise not have the time or the opportunity to bid. Online auctions allow bidders from all over the world to participate, and our auctions are advertised on a national and international level.
• Collins & Co. is an estate auction company in the Tri-Cities, TN area with a loyal following of local bidders who look to us for excellent auctions, and your estate auction will be exposed to that highly qualified audience of bidders. 
• Collins & Co. deploys cutting-edge marketing tactics that spread awareness quickly, and drive up demand by increasing the number of bidders that participate online AND in-person. (Ask about our Hybrid Auctions that allow for online bidding, AND Live In-Person Auction Events.) 

Whether you need an estate sale in Tri-Cities, TN, are downsizing, pursuing a business liquidation, or if you’re just a collector needing to liquidate your collection… Our online auctions and world-class marketing will get you top dollar for your assets. Don’t sell it to your neighbor. Let us market your auction to the world, drive up demand, and provide you with maximum return on investment for the sale of your items or estate. Contact us today to start your auction for an estate sale in Tri-Cities, TN, or call our auction line at (423) 335-3078.