The first step is to contact Smith Broughton Auctioneers. You can call us on (08) 9374 9222 or fill out the sell form found under the ‘Sell’ tab. Please make sure you have the below information ready:
– Asset you would like to sell
– Information about the asset including year, make, model and registration if applicable.
– Images of the item (if available)
– Contact details
2. Select Sale Type
A sales representative from Smith Broughton Auctioneers will be in contact with you to discuss how you would like to sell your assets. Select sale platform and sale type (ie. Unreserved, Reserved, GMR)
A Smith Broughton Sales representative will work with you to determine sale terms including the commission rate, fees and reserve (if required). Once consignment is complete, our administration team will send you a ‘seller consignment schedule’ form to be completed. This form will record all required details for the auction.
4. Terms, Fees and Costs
Every sale will incur a commission charge, which will be determined prior to the asset being sold. You will be advised of these charges in the previous steps.
5. Auction Date
Once the auction agreement is in place, a sales representative will be in contact to discuss the auction date your asset will be placed into.
6. Releasing the Asset
Once the purchase price appears in our trust account, the assets will be released to the new owner. No assets will be released prior to this.
7. Receiving Payment
Once the auction has closed, and the buyer’s payment has been received, we will pay the proceeds (hammer price, less vendor’s commission and any approved sales related expenses) to you within twenty one days post auction.
8. Paying out Encumbrances
Smith Broughton Auctioneers provides clear title of assets to all purchasers. If your asset is under finance or encumbered at time of payout, we will request a payout letter to pay out your contact.