What Sellers Should Prepare Before Listing Assets For Public Bidding?
What Sellers Should Prepare Before Listing Assets For Public Bidding? A neighbor of mine shut down his small print shop last year and decided to sell the equipment himself. He took a few rushed photos, typed two lines of description, and posted it. The first sale went fine, nothing special. The second time around, he cleaned everything up and wrote a real listing, and his results nearly doubled. Same equipment, completely different prep. That’s what I’ve noticed about selling at auction. A little groundwork before you list usually pays off more than people expect. Here’s what I’d get ready first. Take Stock of What You Have Start with a walk-through. Write down every machine, tool, shelf, and pallet you plan to sell, along with the brand, model, age, and rough condition. It sounds tedious, but it often turns up things you’d forgotten you owned. I like sorting items into three piles: sell, keep, and maybe. A proper list stops you from selling something you still need or leaving behind s...