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Sellers

What are the benefits to selling at auction?

  • Qualified buyers are prepared to buy
  • Assurance the property will be sold at fair market value
  • Exposes the property to qualified buyers with aggressive marketing
  • Creates competition among buyers – Creates a sense of urgency and drives market values
  • No contingencies or conditions – Typically sold “as is, where is"
  • Aggressive Marketing Campaigns creating a high impact, focused and intense advertising
  • Increases interest, visibility and attention
  • Prepared buyers - All buyers come prepared to bid and to buy
  • No seller negotiations – Auction process provides the highest offer to the seller

 

In addition to the above, what are the benefits to selling Real Estate at auction?

  • Eliminates and reduces long-term carrying costs, including taxes, utilities, and maintenance
  • Accelerates the sale; reaches a conclusion – Know your closing date in advance of the auction
  • Requires potential buyers to pre-qualify for financing
  • In traditional sales methods, the seller must set a top price for their property, known as the list price. All negotiating goes down from that price. In an online auction, bidding begins at a lower price and continues to increase with competing bids, insuring that the final, winning bid is the highest.
  • The only costs to the seller are the marketing fee and their half of the closing costs. You pay no commission. The buyer pays our fee in the form of a 10% buyer’s premium, which is added to the winning bid.

 

What is our commission rate?

Commission rates vary greatly depending on:

  • What is being sold as well as the quantity, quality, condition, and desirability of this merchandise or real estate.  We don’t charge a commission to sellers when we sell their real estate.  Personal property auction commissions vary somewhat as the market today on certain items has changed drastically in the last few years. 
  • What else is being asked of us to conduct the sale such as packaging, moving, trash removal, cleaning, etc.
  • Where the sale is being held/how much travel is involved
  • The timeline in which we need to conduct the sale to accommodate the seller. 

 

How do we start the process of selling personal property at one of your auctions?

Typically, we will either ask you to send us pictures or we will come to your location at no charge to view what it is you want us to sell.  If you’re not sure if an item has value, please wait for us to see it before you throw it away.  We have increased the bottom line results of many sellers by selling items they thought were garbage.

 

Can I put a reserve price on my items or a minimum starting amount/bid on my items?

Except for real estate or high dollar assets, we start every item on our auctions at either $5 or $10.  We rarely offer a reserve price as it tends to limit bidding and almost all of our items sell with no reserve or minimum bids.

 

How do I consign items for you to sell?

Please fill out the "Contact Us" form or call our office at 608-364-1965.  We will ask questions to understand why you want to have a sale, when you need to sell these items by, and what it is you want us to sell.  We may want to come out and view these items at no charge to you or may just ask you to send us pictures.  Until we have a signed agreement as to what services we are going to provide and how we are going to conduct the auction, you are under no obligation.  We may come pick up your items or you can bring them to us depending on this consultation.

 

What don’t you sell?

We encourage you to call or email us to discuss what you have.  There are some items that we don’t pick up or take in because they hold little to no value. You may want to donate them or we can provide a removal service to dispose of these items.  Together we will discuss the best course of action to take.

 

Can we stop by to visit your auction house?

Yes!  The best days to visit are Tuesdays and Wednesdays when we have preview times for the public so you have a chance to see and discuss how your merchandise will be displayed.  If you stop out on any other day, you will be encouraged to bring donuts to support the flurry of activity our staff is doing known as auction cataloging, setup, or pickup.  We strongly recommend calling before stopping by to ensure the right team members are available to discuss your situation.
 


Buyers

What are the benefits to buying at auction?

  • Buyers determine the purchase price
  • The buyer knows the seller is committed and motivated to sell
  • Auctions eliminate long negotiation periods
  • Auctions reduce the time to purchase the items and property you want
  • Buyers purchase property at true market value
  • For real estate, purchasing and closing dates are known
  • Buyers know they are competing fairly and on the same terms as all other bidders.  Auctions are fast, fun, and transparent.
  • Buyers receive comprehensive information on real estate properties with a Property Information Packet
     

How do I bid?

Click on “Our App” to get registered to bid and buy.Once you have an account you can bid on your smartphone, tablet, or computer from anywhere you have a connection to the Internet.

 

What is a buyer’s fee?

The buyer’s fee is a percentage added to the final high bid price of a particular lot/item.This fee helps keep commission rates lower for the seller which in turn leads to more and higher quality merchandise for us to sell and also offsets costs of the auction, such as our advertising.

 

Why are pickup times at certain times?

Hours for pickup are set for three reasons mainly:

  1.  For offsite auctions, the seller may need to vacate the space or have it emptied by a certain deadline.  We are tasked with making the entire auction process happen in this timeline.
  2. For auctions at the auction house, we have limited space, and as one auction ends the next is beginning and so we need the room for new merchandise.
  3. We try to keep labor costs down so expenses/fees paid by both buyers and sellers are minimized.  We cannot afford to have our staff standing around waiting for buyers to pickup for an entire day or week depending on what the auction consisted of and where the auction was held.  We try to accommodate, but if the pickup request is outside of scheduled hours, an additional fee may apply.

 

When and where do I pick up the items I won on the auction?

The first few lots in our auctions are informational, they will tell you any specific Terms and Conditions of the auction, the hours for previewing the items in-person, the dates of the auction, where the auction is being held, and what dates you can pick up any items you won on the auction.

 

What is extended bidding?

Extended bidding is an automated feature on our online bidding platform.  This allows every bidder the chance to not get outbid/sniped on an item at the last second.  The bidding time extension may vary from auction to auction but you have every chance to be the winning bidder unless you choose to stop bidding.

 

Do you measure every piece of furniture or equipment you sell?

We try to make the buying experience as easy as possible and usually include measurements.  Please call or email if you have any questions about the size of a particular item.

 

Can I bid as a tax-exempt buyer?

Yes, but we will need your Sales Tax Exemption Certificate on file.  Please email, mail, or drop it off at our office.

 

Do you test all the items you sell?

All items are sold as-is and we do not generally test or guarantee they are working/functional.  If we have additional information on an item, we will share that in the lot description.  With all the items we sell, we encourage you to stop in at one of the previews and inspect/test the items.  You alone are the sole judge on what items are worth when you bid on them and purchase them. 

 

Do you ship items?

We can ship items worldwide.  Some items due to the cost of shipping due to their weight or size may not make sense to purchase.  Please call or email for a shipping quote prior to bidding on that item.

 

How do I pay for items I won?

Read the Terms and Conditions of each auction. We accept cash, credit/debit cards, certified checks, or wire transfers. If you have not made payment arrangements by calling or stopping by our office, your credit card on file may be charged per the Terms and Conditions of the auction or you may lose all ownership rights to the item(s).
 


How to Register and Bid

1. Download the App from the Apple App Store, or Google Play online, or go to our website to see the auctions and items that are available to bid on.

 

2. Navigate to the auction or lot you wish to bid on, and click on the “Sign In” button.

 

 

3. From here, you can click on the “Sign Up” link to create a new bidding account.  This is also where you can reset your password, and sign in(if you have an existing account) to view the auction.

 

4. Follow the instructions by entering your first and last name, a valid email address, and a password at least 8 characters long.

 

5. Accept the terms of use. 

 

6. Once your bidding account is created with a username and password, you are now able to register for a specific auction.  Navigate to the auction you wish to bid on, and click “REGISTER TO BID”.   

          

7. Now, enter in your contact information, and click submit.

8. You may be prompted to enter your credit card information upon initial registration or registration for a particular auction - this step is done to verify you are a real person and/or have sufficient funds to cover a required deposit amount.


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Our Services

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Sed efficitur enim malesuada lacinia tincidunt. Donec ultrices dolor mauris, non dictum dolor euismod ut. Aliquam dui erat, euismod vitae pellentesque nec, convallis in mi. Praesent eu urna ut lacus pellentesque porttitor suscipit maximus enim. Quisque et facilisis mauris, sodales egestas eros. Vestibulum ac hendrerit ante. Praesent eget magna molestie, convallis ex vitae, pretium ipsum. Proin vitae mi nec mauris imperdiet vestibulum a id ante. Vestibulum ante ipsum primis in faucibus orci luctus et ultrices posuere cubilia Curae; Vestibulum ac libero sed ipsum cursus egestas vitae nec nunc.

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Terminology

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Sed efficitur enim malesuada lacinia tincidunt. Donec ultrices dolor mauris, non dictum dolor euismod ut. Aliquam dui erat, euismod vitae pellentesque nec, convallis in mi. Praesent eu urna ut lacus pellentesque porttitor suscipit maximus enim. Quisque et facilisis mauris, sodales egestas eros. Vestibulum ac hendrerit ante. Praesent eget magna molestie, convallis ex vitae, pretium ipsum. Proin vitae mi nec mauris imperdiet vestibulum a id ante. Vestibulum ante ipsum primis in faucibus orci luctus et ultrices posuere cubilia Curae; Vestibulum ac libero sed ipsum cursus egestas vitae nec nunc.

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Selection Process

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Sed efficitur enim malesuada lacinia tincidunt. Donec ultrices dolor mauris, non dictum dolor euismod ut. Aliquam dui erat, euismod vitae pellentesque nec, convallis in mi. Praesent eu urna ut lacus pellentesque porttitor suscipit maximus enim. Quisque et facilisis mauris, sodales egestas eros. Vestibulum ac hendrerit ante. Praesent eget magna molestie, convallis ex vitae, pretium ipsum. Proin vitae mi nec mauris imperdiet vestibulum a id ante. Vestibulum ante ipsum primis in faucibus orci luctus et ultrices posuere cubilia Curae; Vestibulum ac libero sed ipsum cursus egestas vitae nec nunc.

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With our online auctions, we bring buyers and sellers from all over the world together.  Click on the links on the right to learn more about auctions as they relate to buyers, sellers, and brokers/agents. 

If you still have questions, Contact Us today!


Our Team

Meet The Owners

Make the Auction Method of Selling your FIRST Choice!

Richard (Rich) Ranft, CAI, AARE, AMM, GPPA, is a second generation auctioneer with over 40 years experience in the auction industry.  Rich is a real estate broker, long-time involved member of the National Auctioneers Association (NAA) and Wisconsin Auctioneers Association (WAA), and a court-appointed personal property appraiser.

Rich was inducted into the Wisconsin Auctioneers Association Hall of Fame in 2018. He gives all the credit to his wife and all his loyal employees.

An advocate for the power of continuing education and adapting to change, he and his wife Pat, a former teacher, along with their dedicated staff of talented men and women bring clients a wealth of knowledge and expertise to achieve the best possible results in both personal property and real estate auctions in Wisconsin and Illinois.

Generations of clients have frequented the company’s Beloit location, and now the world can come to Beloit through the power of online auctions and the Beloit Auction online bidding app.


Beloit Auction & Realty is a professional, full-service and full-time real estate, auction, and appraisal company.  We are also a Federal Firearms Licensed (FFL) dealer.  We have a team of seasoned professionals with the experience and relationships needed to address the needs of our clients and customers. We value the customer experience and continuously strive to deliver a professional and personal approach to all those we do business with.  Let us help you get maximum results and true market value when it comes to the sale of your real estate and personal property.  Contact Us today!


Testimonials

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Can we help you find something?


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Ordered Lists

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Unordered Lists

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Blockquote

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Sample Link

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Other Elements (italic, bold, superscript, subscript, font color, and font highlight respectively)

The quick brown fox(1) jumps(2) over the lazy dog.


Beloit Auction & Realty

534 West Grand Avenue
Beloit, WI 53511

Phone: 608.364.1965

Hours of Operation

Monday – Friday      9:00 AM – 5:00 PM
Saturday                    9:00 AM – 3:00 PM
Sunday                       Closed

In-Person Previews of our Wednesday Night Auctions at Beloit Auction

Tuesday                      9:00 AM – 5:00 PM
Wednesday                9:00 AM – 5:00 PM

 


Have questions?

Do you have real estate or personal property you’d like to sell?  Do you have a question about one of our auctions or how the process works?  Just fill out the form and let us know how you’d like to be contacted and we’ll contact you within one business day.  You will also receive an email copy of the message you send to us for your records once you submit this form.


Current Auctions

Click on an auction image to learn the details regarding that particular auction.

We ship nationwide - call for a quote! 


David Allen CAI, AARE, AMM, BAS, CAS, GPPA

David Allen is the vice president of Beloit Auction & Realty and is a licensed auctioneer and real estate broker in Wisconsin and Illinois. David is a court-appointed personal property appraiser.  He is also the owner of Wisconsin Fundraiser, a professional live auction fundraising and event consulting company. David is the 2017 Wisconsin State Champion Auctioneer.

He is a graduate of the World Wide College of Auctioneering and a member of both the National Auctioneers Association (NAA) and the Wisconsin Auctioneers Association (WAA). David serves on the Board of Directors for the WAA also in the role of president-elect and holds multiple designations in the auction industry. These designations include Certified Auctioneers Institute (CAI), Accredited Auctioneer of Real Estate (AARE), Auction Marketing Management (AMM), Benefit Auctioneer Specialist (BAS), Contract Auction Specialist (CAS), and Graduate Personal Property Appraiser (GPPA).

David currently lives in Cross Plains, WI with his wife and four children.


John Ferraro

Heading our Illinois real estate office, John is a licensed Illinois real estate broker who frequently travels from the Chicagoland area to other northern Illinois communities to expertly handle real estate listings, open houses, and closings. A graduate of Judson University, John was raised in Niles, Illinois, and brings a large network of contacts to the company.

He, his wife, and their two children live in Arlington Heights, Illinois.

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Online Bidding Options

You can bid online from anywhere!

  1. Participate in our auctions online on this page by going to the phone/app on this page, scrolling to/clicking on the auction you want to bid on, register and get ready to bid.
  2. Download our bidding app for Apple or Google smartphones or tablets, search Beloit Auction, register and get ready to bid.
  3. Step by step instructions on how to register and bid (click here if you need them).

 

Upcoming Auctions

Upcoming Auctions

Welcome to

Beloit Auction & Realty

Serving southern Wisconsin and northern Illinois with affiliates nationwide…contact us today!

 

Not able to sit in front of your computer and participate in the auction?

Download our mobile bidding app to your smartphone or tablet and bid from wherever you need to be.  Works for both Apple and Android.

Our Auction Calendar

Upcoming Auctions