Another alternative for the liquidation of your saleable merchandise is a Cash Purchase, so named because the auctioneer actually purchases your assets before the auction takes place. In return for the upfront sale, you would agree to allow the auctioneer cost-free use of your premises, for approximately 60 to 90 days, so that he may conduct an auction on his own.

Should you opt for a cash purchase instead of co-hosting an auction, you will receive 10% of the purchase price upfront, upon receipt of your signed contract. The remaining 90% will be paid and delivered to you the day of the auction.

In a cash purchase, you, the seller, assume no risk and have no interest in the outcome of the auction.