How Auctions Work For Horse Sellers
Sellers get their horses and ponies ready by washing, clipping, and shod, prior to the event. They will consign the horse to the auction, provide a description, and pay an entry fee and 6-10% of the final sale price. Lastly they need to have all the horses ownership paperwork and veterinary paperwork to hand over.
They drop their horses of, which get inspected for health prior to going to auction. If a horse is lame or is not healthy, they will be scratched from the auction.
Horse Auctions Near Me
Public auction is the most secure your way to purchase horses. Selling or buying a horse privately is a headache with too much negotiation. While many auctions are moving online, live public auctions still represent the best way to purchase a horse. Below Ill discuss how to find horse auctions, how they operate, pro bidding tips, how to get your horse in an auction, and my experience with horse auctions near me.
Why Do People Auction Their Stuff
If you consider some of the high record setting prices people have sold properties and items for, its usually from an auction. A good auction company or auction house knows how to bring a large audience on front of their items. This creates a competitive environment that can drive prices up. For buyers they are hoping to get a good deal and for the seller they hope for a competition.
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How To Find Horse Auctions Near Me
Horse and Pony auctions are popular events across the US. A majority of these events are held in the summer and spring.
While many of these are moving to online events some with live video streams, there are still plenty of live public horse auctions. These events occur at farms, race tracks, auction houses, horse shows, private stables, and other venues. You can bid on foals, broodmares, hunters, throroughbreds, harness horses, trotters, dressage, quarter horses, mini ponies, jumpers, and more. Some auctions will specialize in one particular type like race horses or show ponies.
Quality of the animals will vary and some will be rescues. Horses are also auctioned at livestock auctions with cattle and other farm animals.
No matter the animal, each auction runs slightly different, but the long and the short is, that the highest bidder wins. While many people are there to bid, some come for entertainment and socializing. If you are new to horse and ponies, you may not know how to find a live public auction. Here is a list of free resources that I use to find vehicle auctions near me:
What To Do Once You Have Won
When you have the highest bid and the auctioneer says sold, you take ownership of the horse. To finalize the sale, you need to sign the paperwork and pay the final hammer price. You will get a bill of sale, which you will need to present n order to load your horse in your trailer.
Make sure you pick up all of the paperwork for the animal including the vet documentation for vaccinations. These will be important for any current pr previous health issues for each horse so that you can continue any treatments they may be currently receiving.
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When The Auction Starts The Action Starts
A bell is often used to signify the commencement of the event. The auctioneer will first offer a brief description of the item and then determines a low starting minimum price that will get bidders engaged. Some auctions have the seller set the minimum bid amount so they can reduce the risk of underselling the value of the item. The auctioneer announces We will start the bidding at XX dollars. When a participants raises their bidder card it places a bid that subsequently raises the previous bid. Each bidder card raised will be acknowledged by the Auctioneer.
Tips For Participating In Government Auctions
The general rule for auctions is that the highest bidder wins, and cancellation is not possible. Check with the auction site ahead of time to find out if you can cancel a bid.
Each auction website operates differently. In some cases, the government agency itself runs the auctions. In other cases, the agency operates the shopping site, but a third-party company handles the auction itself.
Find out what forms of payment auctions accept. There is no uniform payment policy across all the different auctions. Some auctions accept credit card payments or personal checks. Others, such as the Internal Revenue Service , don’t accept either of these. Most auctions accept cashier’s checks.
For real estate auctions, you may need to work with a broker or real estate agent to bid or make the purchase. Also, for real estate auctions, find out if financing is permitted. Many times it is not and the full purchase price is due when you win the bid.
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Online Auctions Near Me
Keep track of items you find in Bidsquares online auction catalogs by clicking on our Add to Favorite heart icons located next to each item. Find your favorite items neatly stored in the My Items section of your profile so you can revisit them before the online auction ends. Place your absentee bids any time or save them for real-time bidding during the live auction. Bidsquare is a leading online auction platform with hundreds of new items added everyday!
Local Stables And Farms
Finding your local horse stable or horse farms will also help you find horse auctions in your area. Some may hold auctions themselves, but if not, these folks tend to know where all of your local horse and pony auctions are run from. They are regular buyers and sellers of horses, some may even go to auctions to rescue horses.
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Midwest Auctions Auction Services In Kansas
Midwest Auctions auction services in Kansas. Midwest Auctions providing Southeast Kansas auction services. Auctions in Independence Kansas. Estate sales in Independence, Kansas. auctions Coffeyville Kansas. Estate sales in Coffeyville, Kansas. auctions Fredonia, Kansas. Estate liquidation Coffeyville, Kansas. Auction company in Fredonia, Kansas. Charity Auctions in Independence, Kansas. Midwest Auctioneer. Auction company in Fredonia, Kansas. Real Estate Auctions in Kansas. Auctioneer in Kansas. Charity Auction in Kansas. Farm auction in Kansas. Auction services. When you want it sold. Online Auction. Midwest Real Estate Online Auctions. Professional auctioneer. Whether you are buying or selling a home, farmland, or commercial property in Southeast Kansas, Midwest Real Estate will be with you every step of the way. buying or selling property Kansas. Find us on Facebook. Midwest Auctions Geo Eisele the hottest auctioneer in Coffeyville.
Auctions Near Me Conclusion
Auctions are very exciting, but can be overwhelming at the same time. Understanding the rules and the type of auction you are attending is just as important as what you are bidding on. The beauty of these events is they can just as easily favor the buyer or the seller. Everyone assumes some level of accepted risk. Finding your local auctions isnt difficult to do, but you should find one that has things your interested in. This is what i have learned from the auctions near me.
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Rules Of The Auctions Near Me
The rules can vary based on the auction, type, but here are the basics of how auctions near me work
- Age Eligibility Bidding creates a legally binding contract. To bid you must be at least 18 years old.
- Auction Close The end of all bidding, once close is announced all bidding ends.
- Bids are Contracts When you place a bid you enter a legally binding contract to purchase the item if you are the winner.
- Terms for Payment Payments are made in the full amount set by the sellers agreed price and payment time frame, plus any taxes, fees, and shipping that may be incurred. Most places take credit cards, cash and bankable checks. If their is a large dollar amount associated with the sale it may require proof of funds such as a bankers check before the item changes possession.
- All Bids Are Final If you place a bid, you can not recant it.
- All Purchases are Final -Once you purchase an item, you can not return it or cancel the contract.
- Tied Bid Amounts In the event that two equal bids are placed simultaneously, the bid received first by the auctioneer is deemed the leading bid.
- Government Taxes and Regulations You are responsible for compliance and reporting with any federal, state or local tax laws related to your item if you win.
- Sellers Rights Sellers have the right to remove an item from auction, without any notice, prior to bidding
- Buyers Rights The seller must sell the item for the final bid price, regardless if the value of the item exceeds the final bid.
Google Search And Yelp Listings
Google and Yelp are my typical go to, where I look for horse auctions near me. You will find a mix of farms, auction houses, livestock markets, stables, etc. What I like particularly about Yelp though is that this is better at finding live auction events to attend in person. Some of what Google presents, may be online auctions. Another way to search Google is to look for Horse Auctions in on this will bring up events in your area, like local horse shows that are running auctions. These are pop up horse and pony auctions that dont appear in your regular search results.
Pro Tip:One of my best secrets is using Google Events to find horse auctions in my locale. Most horse auction seekers, arent aware of how to find these smaller events. That means you get less competition and you can look like the savvy auction veteran. Google Events will list all the popular Horse auctions, but also include smaller pop up events. These are not run by big auction houses, they are smaller local venues and often are one time events,
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Live Auctions Near Me
Did you know that Bidsquare hosts Live Auctions, Timed Auctions and Buy Now events? Simply check the icons provided on the corner of our online auction catalogs or view by clicking through the tabs located on our Upcoming Auctions page. Bidsquare is an all-encompassing online auction website with a wide range of popular categories such as Watches, Fine Art, Modern Design, Americana, Jewelry, Asian Works of Art and so much more.
When you use our Auctions Near Me map, Bidsquare makes it easy to find upcoming live auctions in your area so you can bid live online through our website or mobile app.
Auction Tips And Tricks From The Pros
1. Know the Rules Read the rules and terms of sale before the start of the auction. If you have any questions, ask the auctioneer or a member of the staff.
2. Register and Get a Paddle In order to bid you must register. Getting this done early is ideal so you have tie to find a seat.
3. Pre-Auction Inspection Almost all auctions feature a pre-auction viewing period. This is your opportunity to assess the value and quality of the goods. You should get a fixed price in your head on what you think it is worth. The item will be sold As-Is condition, so do not romanticize about what could be. If an item isnt exactly what you want, keep that in mind when you set your value.
4. Know Your Limits Have a strict strategy for which items you are taking action on. Once you place a bid, you are under contract if it is Sold
5. Do Not Hesitate Hesitation leads to losing. Raise your paddle and make eye contact with the auctioneer. Ensure you are visible as the auctioneer may be looking elsewhere. If you hesitate towards the end, they may shout Sold, while you were still contemplating on bidding. An Auctioneer does not wait for slow bidders.
6. Secure Your Item After a Win if you are the winning bid, ownership is now yours. If something happens to that item, it is your responsibility. You should immediately pay out and find a place to safely store the item or take it to your vehicle. To do so you will need to provide the security with a paid invoice.
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Bidding On Goods And Services At The Auctions Near Me
There are auctions for everything. While there are general auctions near me, many of the most popular auctions have a theme of what is being sold. Some of the most commonly auctioned properties are vehicles, livestock, art, storage lockers, tools, lumber, coins, foreclosure properties, real estate, estate, tax deeds, watches, businesses, sports memorabilia, restraunt equiment, office furniture, and many more.
The more themed an auction is the more niche the audience becomes. From an auctions perspective the more niche the audience is, the smarter they are about the items, and the more competitively they will bid. Thus ensuring they will get the highest bidding.
The items to bid on may also be determined by the kind of auction being held. So an estate auction, a liquidation auction, and a consignment auction may have more general items, but what they have in common is the seller. Here is what we mean
- Estate Auction: The possessions and property of someone who has died are being sold.
- Liquidation Auction: A company goes out of business and sells off everything they own including their inventory.
- Consignment Auction: Multiple sellers have many items for sale, but no one person has enough to hold an auction themselves. Items are consigned to an auctioneer who holds an auction on behalf of all the sellers on one particular date.
How Do I Place A Bid
Bidding is simple and there are multiple ways to do it such as in person, over the phone , or online. Bidding in person is raising your hand or paddle at the time you wish to bid and wait for the auctioneer to acknowledge and accept your position. Once that has happened the auctioneer will check towards you more frequently if you are in on the action.
Bidding for the first time can be overwhelming, if you are nervous someone from the auction staff may be able to bid on your behalf.
Pro Tip: Auctioneers move quick on purpose. they dont wait for slow bidders or those who cant make up their mind. Know what you are willing to spend on the item before hand and commit to that number.
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Tips For Buying Horses At Auction
First you need to understand you are buying horses and ponies in As-Is condition. If you have questions if the animal is sound, you need to work that out prior to bidding. You can even ask if they have X-Rays available prior to the event,
Second you need to speak to the owner directly. Ask them questionsI dont know is not an acceptable answer. Depending on the type of horse, you probably want to ask:
How much training has this horse had? What experiences has it had like shows, fox hunting, working cattle, rope?Hows the past health history? Has the horse been lame? How long have they had the horse? What makes the horse spook? Is there anything it does that quirky?
Thirdly you need to arrive early and watch the previews. Pay attention to how the horse is ridden, behaves, and its health. If you can see it with different riders thats even better.
Fourth if you have never bid at a horse auction, then attend one and watch first. Its good to see the flow of the event. Watch how the experience bidders bid. Are they only bidding on horses from a certain stable? What the bid on could be just as telling as what they dont bid on.
Abandoned Storage Units Are The Secret Weapon Of Professional Resellers
Storage auctions are the perfect place to find great deals. By studying photos and reading descriptions, you can easily make money by reselling what you buy for profit online or at your local flea market! In some cases, just by doing a little work will get you thousands of dollars worth of goods for only a few hundred bucks because items can sell easily when marketed to the proper buyers. This is an excellent opportunity for those who are willing to do the work.
If you don’t see anything that suits your needs right now, sign up and we’ll send out email notifications when new storage auctions are posted near you! It’s as simple as that! So don’t wait any longer – get started today by creating your bidder account. Lockerfox is the best place for you to find storage auctions all over the country. We have listings in most states and were adding more every day!
But remember, it’s really important to understand what you are buying and where it comes from. Some abandoned storage units are just junk the tenant left behind. Some are full of expensive things someone bought and couldn’t pay the storage bill for. Others are from a deceased tenant, or one that move away years ago. Its up to you to learn how this industry works and make sure that when you purchase something out of an abandoned storage unit, it will be worth your time and money.
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Online Horse Auctions Vs Public Horse Auctions
Both types auctions offer advantages to both buyers and sellers. Buyers can save time of seeing several prospects at once, talk to many owners, at once, and possibly get the horse or pony below value. For sellers they get a fixed time frame for sale, a final sales date, marketing and promotion, and negotiations made easy.
Today many auctions or switching to online auctioning. It is convenient for both buyers and sellers. Buyers can bid from home and sellers can reach a broader prospectus market. Some of the online auctions are semi live, where they have live video streams and staff that act as proxies for online bidder.
While I love the idea and easy of online auctions of any kind, nothing can compare to evaluating what you are purchasing in person. No one has ever bought anything on an Ebay auction and said Wow, this is nicer then they said! My point here is going to a live auction is critical so you can see what you are getting. The pre-inspection period is paramount in order to view the animal in action and evaluate its health. Just looking at descriptions, videos, and pics online is not nearly as effective as live viewing.