Grinnell, Iowa
 

FAQs

The list below covers sellers most frequently asked questions. Simply click the button on the question to go to the answer.

 
Why should I sell my property using the auction method?
Should I attend an action before agreeing to sell my property through the auction method?
What types of property can be auctioned?
How often do you hold auctions?
Where will the auction be held?
What are "unsellable" items at a household auction ?
Will you sell my possessions by the box full?
I only have a few items to sell, not enough for an entire auction. Is it worth it?
Is there a warranty for any items purchased at an auction?
Who pays the auctioneer's fee?
How quickly after the auction do we get paid?
How is my property marketed by the Auction Department and who pays for this service?




Why should I sell my property using the auction method?
 
To accelerate the sale of your property by generating additional consumer interest and activity. Personal property is closed on the spot. This means a quick transaction for you

 

 


Should I attend an auction before agreeing to sell my property through the auction method?

Certainly. We encourage you to. We hope you will be pleased with the experience of attending a live auction process first hand. Remember that each and every auction is different, so you can not necessarily assume that your auction will be exactly like the one that you attend.

 

 


What types of property can be auctioned?

We can auction all types of real estate and personal property, if its legal to sell and has value it can be sold. You would be amazed.

 

 


How often do you hold auctions?

We conduct auctions throughout the year.

 

 


Where will the auction be held?

Farm auctions are usually on the site where the property is being sold. By being on site, bidders are constantly reminded of the positives associated with that particular property, which in turn might encourage a higher bid.

 

 

What are "unsellable" items at a household auction?
 
Encyclopedias; old books that are musty or badly worn; any type of soiled furniture, including mattresses; metal box springs; metal TV trays; rusty utility carts; most exercise machines; old ironing boards; food; clothing (purses, shoes, etc.); paint; hair dryers; toaster ovens; adding machines; old luggage; "well used" small kitchen appliances; drapes; jars; sticky plastic dishes; broken items; or anything else comparable to this list. We ask that you use good judgment …. if it looks like it should be thrown out, please do so.

 

 

Will you sell my possessions by the box full?

We will display individualized items, as well as offer individual items from the auction block. We feel this is how we can generate the best market price that a particular item can support. The usual household items will be sold by the box.

 

 


Is there a warranty for any items purchased at an auction?

No, All merchandise is sold "As Is" "Where Is". There are no warranties, no guarantees. All sales are final. Look carefully before you bid.

 

 

Who pays the auctioneer's fee?

The seller pays the auctioneer's fee at a percentage agreed upon before the auction.

 

 

How quickly after the auction do we get paid?

Between 10 - 15 days after the auction date, we will issue you a net check from our non-interest bearing trust account at Wells Fargo Bank. The 10 - 15 day waiting period is to make sure that none of the buyers checks bounce and guarantee that the funds will be available to you.

 

 

How is my property advertised by the auction company and who pays for this service?
 
National, State and Local newsprint
Auction signs & sale bills
Internet Exposure
 
The advertising fee is included in the commission charged for consignment auctions at the fairgrounds. For private auctions, the advertising fee is deducted from the gross total of the auction.

If you have any questions that are not answered here, please feel free to contact us for answers.
 
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Last updated 11-3-13
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