PREPARATION FOR PERSONAL PROPERTY AUCTIONS:


1.  Alexander Auctions & Real Estate Sales will review the personal property to determine the best marketing process and how the auction will generate the most interest.

2.  Alexander Auctions & Real Estate Sales lots, tags and inventories the personal property.

3.  Alexander Auctions & Real Estate Sales will photograph the personal property for brochures, advertisements and websites.

4.  Alexander Auctions & Real Estate Sales will produce a picture slideshow for promoting and advertising the auction.

5.  Alexander Auctions & Real Estate Sales will post the photos on their website and on major national industry websites.

6.  Alexander Auctions & Real Estate Sales implements the promotion and advertising package to peak on auction day.

7.  Alexander Auctions & Real Estate Sales sets up the auction and organizes the property to be sold.

8.  Alexander Auctions & Real Estate Sales has tents for the auction if they are needed or the auction may be conducted off-site, in a desirable facility, in the general area.  The site of the auction depends on what will accommodate the buyers more.


AUCTION DAY:

1)     Alexander Auctions & Real Estate Sales will furnish professional Auctioneers, clerks, cashiers, bid assistants, ring men, personnel and check out people to conduct the Auction.

2)     Alexander Auctions & Real Estate Sales will clerk and cashier the auction with a wireless computer clerking program and system.

3)     Buyers are given paid receipts and bills of sales.

4)     In Real Estate Auctions, Purchase Agreements are signed and earnest money deposits are collected.


    FOLLOWING THE PERSONAL PROPERTY AUCTION:

1)  Alexander Auctions & Real Estate Sales will sell all the personal property. 

2)  The auction records will be clerked using a wireless clerking system listing each lot description, sales price and buyer.

3)  The personal property auction will be balanced to the penny.  Each item sold and given to a purchaser will be collected for.

4)  Alexander Auctions & Real Estate Sales will furnish the Sellers a computer itemized list showing the results each item sold for, including the sales price and the purchaser.

5)  Alexander Auctions & Real Estate Sales will deposit the auction proceeds in Alexander Auctions & Real Estate Sales' Escrow Account at Simmons Bank in Martin, Tennessee.

6)  Alexander Auctions & Real Estate Sales will pay the Seller within ten banking days.