Planning an estate sale is not only time consuming, but it’s also a lot of work. Organizing the items, pricing them, finding someone to help facilitate the sale for you—it’s no easy task. In addition to all the work, you still have to market your estate sale and hope that people show up to purchase your items.
Fortunately, selling your items by auction is a little-known, yet seamless way to rid yourself of unwanted items. Dakil Auctioneers is experienced in estate sale auctions and can help you with all your planning needs.
Hosting an estate sale requires a lot of manpower, resources, and time, which are typically in short supply when planning an estate sale. When you work with an auctioneer, they can keep inventory, organize your items, and prepare and conduct the sale itself.
This additional assistance takes away the preparation work of setting up an estate sale. A good auctioneer can do all of this for you and minimize the work on your end.
While a good auctioneer can do this for you, it’s good practice to know exactly what you want to sell before you choose an auctioneer. This will enable you to go straight to the auctioneer and tell them your needs and expectations from the sale.
Once your items are sorted, your auctioneer can then take inventory of each item and begin to organize how they are going to facilitate and market the sale.
Now that you have sorted items, you can begin the search for an auctioneer who will then organize and take inventory of your items. However, it’s important to choose an auctioneer that is not only experienced, but has done household auctions before.
Not all auctions should be treated the same, and working with an auctioneer that is familiar with your specific type of auction can determine how much money you make at the end of the sale.
Setting up your auction does not end with putting it on the schedule. Marketing your auction to ensure that interested parties will be in attendance and ready to make purchases will define the success of your auction.
At Dakil, we have a refined marketing process that uses a variety of mediums to ensure that people all over the region who are interested in household item auctions are informed of your auction and can either bid in person or online.
Auctioning your household items instead of hosting an estate sale can maximize your profits and save you planning time in the process. At Dakil, we are experienced in estate sale auctions and can answer any of your questions along the way. For more information, read about the auctions that we host and contact us today.
Restaurant auctions are fun to attend, especially if you are a fellow restaurant owner. Being able to purchase large restaurant equipment for a competitive price is a great opportunity to expand your already existing restaurant.
You don’t have to own a restaurant to score big at a restaurant auction. Restaurant auctions are the perfect opportunity for anyone who loves to cook to expand their kitchen and dinnerware collections with high-quality, restaurant-grade items, at a great price.
At Dakil, we host restaurant auctions often. We have made a list of our most commonly (and best valued) auctioned items from restaurants, and how they can benefit you.
More of a benefit to restaurant and business owners, the high-end equipment auctioned at a restaurant auction can help you either start or expand your business for a lower price. Many of the pieces of high-end restaurant equipment typically auctioned off include:
Useful for both restaurant owners and non-restaurant owners, large collections of tables and chairs are typically part of a restaurant auction. These tables and chairs can be used to fill your restaurant if bought in bulk, or they can be bought individually to fill a dining or party room in a home.
Restaurants use multiple racks and shelves to store dishes, ingredients, and more. Taking advantage of a restaurant auction can keep a local restaurant or home more organized by adding more storage space.
The most useful for everyone, both restaurant owners and non-restaurant owners, are the copious amounts of kitchen utensils and dishware auctioned at restaurant auctions. These items are extremely useful to any growing kitchen, including:
This is a great opportunity for someone with a new kitchen that needs stocking, someone who wants to re-style their kitchen, or a restaurant that needs more utensils. Restaurant utensils are typically very durable and of high quality, so this provides the opportunity to receive the best deal on bulk items.
Lastly, restaurant auctions also auction off any decor that the restaurant needs to liquidate. Whether it is paintings or signage, these decorations could be beautiful in a home or in another restaurant.
Restaurant auctions are a fun way to restock your kitchen and decorate your space. For more information on restaurant auctions, view our restaurant auctions page. To see when our next restaurant auction takes place, view our upcoming auctions.
Whether you are moving or closing your business, liquidating your items can seem daunting and stressful, especially if you are a niche business. Instead of finding a way to get rid of these items yourself and risking the possibility of losing money in the process, Dakil can auction your business liquidation items to an audience that is truly interested, using a variety of methods.
Because of our fine-tuned marketing process, we either already know potential buyers for your products, or we know how to reach them and advertise your auction to them. Our proprietary listing of buyers is segmented by industry, and we promote our liquidation auctions heavily in digital media such as Facebook and Facebook groups, e-mail, and more.
Not only do we promote your auction to those in the state of Oklahoma, but we also promote to the surrounding region and to people all over the country who have attended our auctions in the past.
No item is too niche for Dakil to find an audience. From shooting range liquidations to auctioning a trampoline park, we are able to find the right buyers for your assets so you can receive your hard-earned money back on these items.
When you invest a substantial amount of money into your business, , it’s a priority to make as much of that money back as possible when it comes time to liquidate. Barry Bryant, who liquidated his business with Dakil, found that auctioning his liquidation items showed a high ROI.
“I probably got 70 cents on the dollar for every piece of inventory that I auctioned with Dakil,” Bryant said.
The liquidation process can be grueling at times. We know the amount of work and stress involved with liquidation, and we strive to make the process seamless for our sellers.
“I didn’t have to do anything,” Bryant said. “[Dakil] did all the work.”
Privately selling your car is a lot of work – after you find out how much your car is worth, you have to decide how much you want to sell it for, find an interested buyer, work with their bank, and transfer the title. While privately selling a vehicle can sometimes make it seem like the seller is in more control, they still might not get the most money for the sale and have to spend hours making sure the transfer and sale runs smoothly.
For a smooth, quick way to sell your vehicle and still get your money’s worth, taking it to auction could be your best option. The auction process is fast, yet thorough, and can still give you the value that you expect when selling a vehicle. How? At Dakil, it’s because we have a streamlined process that sets your car auction up for success.
At Dakil, we market all of our auctions to the most qualified and interested people in the country. We do this using a thorough, fine-tuned marketing plan using leads and connections we have cultivated for years.
Our blog, “How Dakil Markets Your Auction Products to Potential Buyers,” explains how we use print, digital, and direct marketing to get your auto auction noticed.
The most time-consuming and frustrating part of selling a car is dealing with the paperwork and transfers after you’ve found someone willing to buy. Waiting in line at the tag agency can take ages, as well as waiting for the bank to approve an auto loan. Sometimes, handling the paperwork can take longer than finding a buyer and selling the car itself.
When you auction your car, the auction house takes care of handling this paperwork for you, so you can get paid without any additional hassle. This way, after the auction is over, you don’t have to complete any more tasks to finalize your sale.
Due to our years of auto auction experience and our fine-tuned marketing process, we can ensure that the most qualified bidders know about and attend your auction. We can ensure that your vehicle is bought not only by the highest bidder, but also by a bidder who is seeking out your specific car.
Selling your car at auction can be a faster, more painless process than selling privately. If you’ve never sold a car at auction before, our blog “Selling Your Car for the First Time at Auction” can provide step-by-step instructions on prepping your car for the auction, and let you know what to expect.
Interested in auctioning your vehicle? Contact us, and we’ll walk you through it.
Whether due to foreclosure or simply needing to sell property, real estate auctions are a common and streamlined way to buy or sell land. At Dakil, our real estate auctions are open to the public, but we encourage thorough research before placing a bid. While the prices of real estate sold at auction can often be lower (especially in foreclosure), placing a bid should be taken just as seriously as if you were searching for a home the traditional way.
Purchasing real estate is a large, long-term commitment, so it’s important to thoroughly research the property you are interested in. Knowing approximately how much the property is worth, the potential resale value, what repairs would need to be done, and comparative prices in the area can help you as the bidder in knowing when to bid or when to back away.
Never place a bid at a real estate auction without first having inspected the property you are bidding on. If you acquire property through an auction, you receive it as is, so it’s key to make sure you have inspected it and are sure it is the right fit for you.
At Dakil, we offer property showings by open house, as well as detailed information about the property being auctioned–before the auction begins. This way, we can ensure our bidders know what they are bidding for by the time the auction starts.
If you’re the winning bid at a real estate auction, the overall price of the property can be financed. However, a down payment of five perfect of the contract price is required upon winning the real estate auction at Dakil–if the successful bidder is not prepared, they could lose the sale.
Having a pre-approved loan for the real estate before going into auction can help ensure a smoother sale.
If you are the successful bidder, you will receive a certificate of sale following the auction. However, this is not to be confused with the certificate of title. This can take up to 10 days to complete. It is important to not do any work on the property if the certificate of title has not yet been received, in case something happens with the sale or the owner files an objection to the sale.
Dakil Auctioneers is the leading Oklahoma land auction firm. View our Oklahoma Real Estate page to learn more about how we perform our real estate auctions, and take a look at our Real Estate for Sale Listings and Upcoming Auctions to learn more about future real estate auctions.
When you’re auctioning large equipment such as construction equipment or trucks, making a profitable return on the sale is of great importance. Finding trusted professionals who know the value of your products is key, but also a challenge. Fortunately, at Dakil Auctioneers, we host large equipment auctions frequently and strive to help the seller receive max value at the auction. We’re here to help, so we’re sharing our best large equipment auction tips with you.
Researching the sales trends prior to auction for both older and newer equipment is integral to ensuring you receive max value in a large equipment auction. It’s always helpful to have a reasonable value in mind for whatever you’re selling and buying. While professionals will help you with this, coming in right away with price points in mind can drive the conversation as to what the best starting price should be.
While doing your own research is important, don’t ignore the importance of talking to an auction professional. Auction professionals have solid experience with large equipment auctions, and they know what products are worth and what they are most likely to sell for. Auction professionals will use their expertise to ensure that you get the highest return on investment for your product.
Take as many photos of your equipment as possible. This will not only show the buyer what your product is worth, but it will also show them the exact condition it is in. Earning buyers’ trust helps them to be more willing to pay what your product is actually worth.
Making sure the right buyers for your product are present at your auction increases the likelihood you will receive the best possible return on investment. Don’t underestimate the power of marketing to online groups, putting ads in relevant sections of the newspaper or local trade magazines, or simply connecting with organizations that would value your products. Fortunately, Dakil can do this for you.
There are many different things buyers of heavy equipment could be looking for at an auction, but if you come prepared, transparent, and knowing the worth of your products, your chances of a higher return drastically increase.
For more information on how to prep your items for an auction, refer to our blog “Prepping Your Items to Get Max Value at Auction.”
Participating in an auction can be beneficial for you or your business, but the preparation can be daunting. When can you know if it’s the right time to take your items to auction? How do you prep your items for auction? What types of auctions should you attend beforehand?
These are just a few of the questions to consider when selling your items at auction. We’ve compiled some of our favorite blog posts to provide you with our best tips and tricks to help you decide when to put items up for auction, preparing your items, and more.
Once you decide to put your items up for auction, consider how you should prep them beforehand. Thorough preparation can increase items’ value and level of interest, so taking the extra time to do so is worth it.
This article highlights how to prep items in every category – automobiles, heavy equipment, business and restaurant, real estate, and estate sales.
If you’re trying to decide which items you think you should purchase at an auction or what types of items you want to put up for auction, this guide outlines which items hold their value the most if bought used, the likelihood of using a loan to purchase, how easily the price can be negotiated, and more.
Are you looking to liquidate your business or to buy items from a business liquidation? There are many things to prepare for when selling in or attending one of these auctions, including using the U.S. Small Business Administration’s checklist and brushing up on the true value of the items being sold.
Dakil’s team of experts can create an individualized marketing plan for liquidation auctions, and this article explains how.
At what point does holding on to used equipment actually cost you money? This infographic outlines the service life of commercial and residential items and helps indicate the point at which your items should be sold to avoid a loss.
Participating in an auction for the first time can bring a lot of confusion. Knowing which auction employees do which tasks, what they are called, and proper auction etiquette can seem overwhelming, but we have shared some of our best tips for getting through your first auction without confusion.
If you choose to partner with Dakil for your business auction, it’s good to know some of our most common marketing practices. Dakil’s one-of-a-kind process ensures your items are seen by the widest group of buyers, including long-time Dakil auction attendees.
At Dakil, we take pride in the growth of Oklahoma City and its surrounding community. One of our favorite ways to show our support for our community and our local non-profits is to give back by hosting benefit auctions.
Auctioneer Barrett Bray explains why Giving back to the community is extremely important at Dakil Auctioneers.
“We have seen the growth of Oklahoma City since we opened in 1983,” Bray said. “We have seen the growth and the changes that have happened over the last 35 years, and no matter how much we grow as a community, the value remains the same. We want to hold Oklahoman values no matter how much we grow.”
The following is a small list of the many community organizations that we partner with to host benefit auctions and other outreach events.
The INTEGRIS Jim Thorpe Rehabilitation Center provides inpatient and outpatient care for those who have been affected by a stroke, brain injury or tumor, spinal cord injury, and more.
The Fellowship of Christian Athletes is a Christian sports ministry whose mission is to challenge athletes and coaches to live Christian values and to see the world impacted for Christianity by influencing others through athletics.
The Oklahoma City Dream Center works in partnership with the Inner City Church to connect those who suffer from substance abuse, and those in poverty, homelessness, imprisonment, or gangs to help them meet their needs. The program’s goal is to help these individuals make positive, long-term changes in their lives.
Located in Edmond, Oklahoma, Oklahoma Christian University has been named by the U.S. News & World Report as one of the best universities in the west. Their NCAA athletics program offers a wide selection of both men’s and women’s sports.
Dakil Auctioneers is a proud participant in Edmond Santa Fe’s Double Wolf Dare Week and Edmond North’s Balto Week, fundraising weeks hosted by the schools for the benefit of different charitable organizations. These organizations have included Fields and Futures, Special Care, Inc., Infant Crisis Services, and Autism Oklahoma.
At Dakil, fostering and supporting our community is one of our central values. For more information on how Dakil partners with community organizations, contact us today.
The auction process is fast-paced and can seem overwhelming to someone who has never attended one before. At Dakil, we strive to ensure all of our customers, first-time and returning, feel comfortable in the auction process.
The two major points of confusion and potential intimidation for auction first-timers are the roles of the employees during an auction and how the bidding takes place. Dakil Auctioneer Barrett Bray breaks down both in order to make understanding the auction process as simple as possible for a newcomer.
“There are two main types of auction employees that assist with the bidding,” Bray said. “The Auctioneer and the bid spotters.”
The role of the auctioneer is to lead the auction. They talk in a fast-paced manner, informing the buyers who are currently in the lead, and encouraging them to bid more.
“A lot of people worry they won’t understand the auctioneer because they are speaking so fast. We make sure that our auctioneers speak as clearly as possible, so that everyone understands,” Bray said.
The auctioneer isn’t the only one taking bids and scanning the audience, however. He also has multiple bid spotters, also known as ringmen, helping him keep track of who is bidding and how much.
“The bid spotters communicate information to the bidders, answer bidder questions, and alert the auctioneer of new bids in their section,” Bray said. “If you ever need any sort of clarification or have a question in the middle of an auction, a bid spotter can help you.”
The auctioneer and the bid spotters try to make bidding go as smoothly as possible for the bidder. However, in a busy auction, it’s still easy to get confused on how to bid and for how much.
“The auctioneer tries to get the best available price for the items, and get it as quickly as possible,” Bray said. “Bidders should be aware to be polite. It’s not a garage sale, so they are expected to bid quality prices.”
The auctioneer bids the prices in $25 increments. For example, if the current bid was $100, the auctioneer would push for a $125 bid. The least an auctioneer will take is half of the increment they are asking for.
It is a common misconception that any movement as much as a cough or a stretch can count as a bid. This is not true – only legitimate bids are accepted via an obvious flash of the bid card.
“We will only take legitimate bids,” Bray said. “You need to just show your bid card. We won’t let you accidently make a bid.”
During the auction, the auctioneer and the bid spotters are busy keeping track of new bids, so they do not have time to take formal minutes and records for the auction. A clerk is the gatekeeper of the records, and keeps track of who is buying what and for how much.
“The clerk is very busy, so he cannot be distracted,” Bray said. “Don’t bother the clerk; if you have questions, refer to the bid spotters.”
It’s also important to keep in mind that everything in an auction is sold as is – after it’s purchased, it is non-returnable.
“Always research the items you are purchasing. Auctions are all buyer-beware,” Bray said.
You don’t have to be a seasoned bidder to participate in a Dakil auction. We want to make sure all of our bidders feel welcome in the auction process. For more information on how auctions work, visit our Auction 101 page, or contact us today.
When Cabela’s announced they would be opening a new location in North Oklahoma City, Barry Bryant, owner of Heartland Outdoor in Edmond, decided it was time to liquidate his gun range business. Although he didn’t know where to begin, he connected with Louis Dakil and knew that he could trust Dakil with the auction process.
With all that needed to be auctioned, Bryant felt overwhelmed. Heartland Outdoor carried a variety of products that fell into several different categories, but fortunately, Dakil Auctioneers was able to ease the stress of the logistical challenge.
“They did an awesome job because of the way they came in and sorted the products together and had everything in files,” Bryant said. “They put in a lot of work into the presentation as well. I could never have done the work that they did to present everything in such a great way for the buyers and get it sold quickly, and for great prices.”
Through Dakil’s marketing processes, Heartland Outdoor’s auction was able to attract customers from all over Oklahoma and in other states as well.
“They brought people from Oklahoma, Missouri, and states even further than that to my auction,” Bryant said. “It was very successful.”
The liquidation was an emotional process for Bryant – it was painful for him to let some of his cherished items go to auction. Dakil kept this in mind and reassured Bryant that the majority of the work would be taken care of, so he would not have to be heavily involved if he did not wish to be.
“Dakil auctioned off the guns one by one and dealt with all of the paperwork themselves,” Bryant said. “I didn’t have to do anything, they did all the work. Louis Dakil was there every step of the way and even said a prayer with me before the auction. I probably got 70 cents on the dollar for every piece of inventory that I auctioned with Dakil.”
Not only did Dakil provide support to Bryant and Heartland Outdoor in an emotional time by taking care of all of the work, Heartland Outdoor also reaped a significant return on the value of their items, resulting in a successful auction.
For more information on how Dakil can help you with your business liquidation auction, contact us today.