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Word Count: 490
The sale at public auction of personal property in the United States has a rich history and has been successfully used for three centuries Auctions are one of the best businesses and are ranked in the top ten businesses in the world to sell personal property Auctions are the best way to liquidate your property sell your personal property and to get cash in your pocket First of all auctions can help you liquidate or downsize personal property such as furniture clothes automobile and jewelry Instead of throwing unwanted goods away call an auction house to sell it for you You never know what you might be throwing away that can be turn into cash Another good reason to auction is personal property will bring the highest market price at the auction through competitive bidding This is when two or more persons who want the same item and keeps bidding the price up until it reaches a fair market value By law you most have a least two persons present to conduct an auction Then the highest bidder buys it for the final bided price In advertisement for auction houses that catches must people eyes is to get fast cash selling personal property The advertisement means just that you can get money within fourteen days or less after the auction house sells your personal property The auction business has been around for a long time with a good track record for selling anything that has a price or doesnt have a price Through statistics the price of all property is set from a fair market value in which auctions control sixty five percent of todays prices on all property So why not get the most out of personal property by selling it at the auction An individual has to read the contract that the auction house writes because it could read that they might not get paid until the last item of
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