Nov 23, 2022
The Differences Between an Auction and an Estate Sale; Our Auction House in Kansas City Explains – At Mayo Auction & Realty, we have taken part in more estate sales and auctions than we can count. Our staff knows that people love to find great deals at either estate sales or auctions, but they may not know exactly what the difference is between the two. As a leading estate sale company in Kansas City and auction house in Kansas City, we’re here to explain the difference.
Our Estate Sale Company in Kansas City Explains the Details of an Estate Sale
If you decide to hold an estate sale, your estate sale company in Kansas City is ultimately responsible for determining the value of each item. Estate sale companies will typically charge a commission for their services, so they will work diligently to price all items accurately.
There’s always the risk that your estate sale company prices items too high and they don’t sell. On the other hand, if they price the items too low, you won’t be getting the maximum value. Pricing is a critical piece of an estate sale, so make sure you hire an experienced estate sale company in Kansas City – like Mayo Auction & Realty.
Some estate sales allow bidding on larger items, but this could be a bit risky. Make sure you consult with estate and auction experts before choosing to go this route.
Our Auction House in Kansas City Explains the Details of an Auction
Hosting an auction is much different than hosting an estate sale because the market is dictated by the bidders. Many auctioneers who work for an auction house in Kansas City are great at marketing. These auctioneers have a knack for attracting bidders that will bid competitively, which helps get their clients the highest bang for their buck.
Many auctions include a buyer’s premium fee for each item sold. These fees can help limit the commission fees that you might owe to the auctioneers once the auction concludes.
An auction hosted by an auction house in Kansas City also differs from an estate sale because it gives every person the chance to bid on an item. The price starts at a certain amount, and anyone can jump in and take control of the bid as the price increases. Auctions can result in great bargains for some bidders but also competitive bidding wars for others. It truly depends on who is in attendance and what types of items they’re looking to purchase.
Are You Looking for a Dependable Estate Sale Company or Auction Company in Kansas City?
Mayo Auction & Realty is a full-service real estate auction company in Kansas City that effectively markets your property to the world. As a seller, you will enjoy getting market value for your property or assets in the time frame you need. We are a Kansas City online auction company as well. As a buyer, you will enjoy our easy-to-use competitive bidding marketplace.
The Mayo Auction & Realty team is here to make your life easier, so contact us today. We look forward to assisting you with all your auction and estate sale needs.