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FREQUENTLY ASKED QUESTIONS


WOULDN'T PEOPLE RATHER ATTEND A CONVENTIONAL AUCTION

Most buyers tell us no. Time is money, now more than ever. Five years ago when we would go to a typical business or industrial auction, there may have been 300 to 500 or more registered bidders. The same old style auction today may only draw 50 to 75 bidders. Those with the money typically don't have the time to spend a full day standing around at an auction. It is no longer a social event that busy people want to take part in. More and more buyers are interested in convenience and time saving and our online auctions will be online for up to 7 days instead of all in on day sales, like the old conventional auction type. One recent Riverlandauctions sale had 160 registered bidders from 6 states and over 4000 page views from several hundred different computers that are tracked by the ip addresses of the computers. That's a huge online auction advantage.


ARE BUYERS WORRIED ABOUT SEEING WHAT THEY ARE BUYING

With the buyers simply have better information than with old fashioned conventional auctions. First, with every sale we have a scheduled inspection day prior to the close of bidding when prospects can make personal inspection of the items being sold. We even make special arrangements to accommodate out of town buyers with special inspection requests. At our inspections, buyers are greeted with a complete catalog with specifications and product details. The time is theirs to use to make their own full investigation and notes to themselves which they will rely on when they bid.


WHERE IS THE SALE HELD

All of the Riverland Auctions are online auctions that can be held at the seller premises just like a conventional auction. If necessary the items can be moved to our auction center facility. We have trucks, a trailer, fork lift if needed and experienced personnel to handle all moving logistics.


WHAT SERVICES DO YOU PROVIDE

We contract with you to provide a complete auction service including set-up, photography of all items, descriptions and web site posting, inspection days, conduct of the sale online, collection of funds and supervision of the removal process when the sale is completed. Our removal staff also assists out of town buyers with their shipping requirements. We have local staff and movers available to help load items and coordinate delivery from this end. This is another example of our commitment to exceed customer expectations. When we make it easy for buyers to bid on your assets, it increases the prices you receive. We can do it all at RiverlandAuctions.com and are we truly a working for you with your best interests at heart.


I CAN SEE SELLING BIG ITEMS ONLINE, WHAT ABOUT SMALLER ITEMS

A RiverlandAuctions.com sale consistently exceeds expectations when it comes to selling accessory and small items. With our method, we can lot smaller groups and individual items more effectively. We had many auctions with over 500 individual lots. If this many lots were sold in an old fashioned conventional auction, the auction would last over 10 hours! No one has the time or inclination (or knees or ankles) to stand around that long to bid on an item. When a sale drags on, the buyers start to disappear and the auctioneer bulks up the lots and gives away your assets. We do an excellent job of making lots that are appropriate as to merchandise mix and value to maximize your cash recovery.


WHAT TYPES OF SALES ARE EFFECTIVELY DONE ON Riverland Auctions

Everything from Antiques, Estates, Farm Machinery, Tools, Office equipment, Household estates, Construction, Metal working, Cars and Trucks, Retail inventories, Complete businesses. Riverland Auctions will perform well for almost any type of personal property. We can sell as little as one item or thousands on a sale.


HOW DO YOU CHARGE FOR AN ONLINE AUCTION

The costs associated with a Riverland Auctions online auction compare favorably to an some of the old fashioned conventional auctions. In many cases we generate our commission by using a buyer’s premium in which we collect from the purchaser of the items, without any expense to the seller. This may be on the basis of a percentage of gross auction proceeds, or as a fixed percentage fee. (most popular) We look at every sale on an individual basis and provide a proposal for your consideration which we feel will best suit your needs.


WHAT'S THE TIME FRAME FOR A RIVERLAND ONLINE AUCTION

Most projects are completed within 30 days from engagement. Emergencies can be accommodated, and the time frame moved up. Let us know your requirements. The Riverland Auction system is one of the most flexible methods you will find in the industry.


WHATS NEXT ?

Call upon our extensive experienced, excellent staff for the best liquidation product available today. We appreciate the opportunity to discuss any liquidation need you have. Whether it's industrial machinery, vehicles, business assets or special personal property, Riverland Auctions is simply your best choice. Call us today at 507-450-3556

 

 

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