In today’s fast-paced world, investors often find themselves needing to liquidate tangible assets quickly for various reasons, whether it be financial constraints, relocation, or simply streamlining their portfolio. One efficient method for achieving this is leveraging online auction platforms like us at House of Assets! So, we will explore the quickest way to liquidate stock with the example of tangible assets using the House of Assets platform, maximising returns while ensuring a smooth and hassle-free process.
Step 1: Assess your Assets
The first step in the liquidation process is to assess the tangible assets you intend to sell thoroughly. Including items such as fine wine, whiskey, art and collectible cars. Ensure each item is in good condition and accurately describe them to attract potential buyers.
Step 2: Register on House of Assets
To get started, sign up for House of Assets, ensure you have signed the T&Cs, and choose which membership type suits you best. Familiarise yourself with our platform’s services and decide how you’d best like to list your tangible asset, whether through our auction, buy it now, or group purchasing service. To liquidate your assets quickly, utilising the buy it now option may be your best alternative so buyers can purchase immediately at a set price.
Step 3: Presentation
Your asset’s image is key when selling items online. Take high-quality images of your assets from multiple angles and provide detailed, honest descriptions. Alternatively, you can use House of Assets’ professional photography services to maximise your asset’s attraction for potential investors stress-free. This way, you can be confident that any unique features or special qualities that might increase the perceived value of your items are done correctly.
Step 4: Set Competitive Starting Bids
To attract bidders and encourage competition, set a competitive reserve price for your tangible assets. Try researching similar products on House of Assets to gauge an appropriate market price and adjust your starting bids accordingly. A lower starting bid can attract more interest and potential investors.
Step 5: Optimise Auction Durations
House of Assets can allow sellers to choose the duration of their auctions. To get your tangible assets in liquidation faster, then opt for shorter auction durations, such as 3 to 7 days. Shorter durations create a sense of urgency, encouraging potential tangible asset investors to place bids quickly.
Step 6: Shipping and Delivery
Once your tangible assets have been sold, promptly ensure you arrange suitable shipping and delivery that House of Assets credits, following our guidelines and ensuring items are dispatched properly. Providing a smooth post-sale experience contributes to a faster process of liquidating assets and cuts the hassle and risk of any disputes over missing, damaged, or items being delivered late.
By following these steps, House of Assets can help you maximise returns, attract potential buyers, and streamline the process, ensuring a swift and successful liquidation experience. While liquidating your tangible assets requires strategic planning and effective execution, House of Assets makes it easy for you to do the hard work. So, we suggest you become clued up on market trends as we help you transform your tangible assets into cash in no time!
For any queries about listing your tangible assets with us, from art, collectible cars, whiskey, or fine wine, be sure to contact us! At House of Assets, we love nothing more than helping support investors.
