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Question? Should I Have an Estate Tag Sale, Auction or Buyout?
 
The biggest differentials are licensing, credentials, economics, buyer competition, left overs and final reconciliation. 
Many of my Realtor Clients asked me to put together a handout for them to share with their Real Estate Seller Clients about the difference between an Estate Sale or Tag Sale where the price of the goods typically goes down and an Auction where the price goes up.
Here are some most important points for the Seller to know.
Licensing: Estate Sale Companies are typically unlicensed, except for a city license, and rarely have any formal credentialed learning. Auctioneers are usually licensed and must complete continuing education requirements in most states.  Members of the National Auctioneers Association (NAA) abide by a strict Code of Ethics and may have learning and training designations. Be sure to ask.
Economics: All have a purpose but the Auction method typically is the most economical way to liquidate a household or a business. Seller friendly Auctions generate competition for the assets between buyers bringing the highest fair market value for the items and most of the items are sold.  Estate or Tag Sales are Buyer Friendly letting the Buyer negotiate the terms and the price of the goods. Most ... more

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