Estate Sales & Auctions w/ Patrick Soucy

Steve Rovithis - Your Real Estate Resource

In this episode I interview Patrick Soucy - Owner of Golden Gavel Auctions - a full-service auction company located in East Windsor, CT.

Golden Gavel holds weekly auctions every Thursday. Preview starts at 2 PM, the early bird auction starts at 5:30 PM and the main auction starts at 7 PM. Auctions are open to the public and everyone is welcome

to attend. There is no cost to get in or to sign up for a bidding number!

Question List:

1. Can you set a minimum or a reserve bid on the item so that it does not sell for less than the consignor wants?
2. How many people come to the auction every week?
3. What is an absentee bid?
4. How long does it take to empty a house?
5. How soon do items go to the auction after they have been picked up?
6. When do people get paid for the items they sell?
7. How many items do you sell in a night?
8. What makes a lot?
9. How many trucks do you have?
10. How many employees do you have?
11. Do you require a license to do auctions?
12. Can you sell guns?
13. What is hot in today’s market?
14. Do you find the younger generations collecting anything?
15. Are people selling stuff at auction that are downsizing?
16. Do you find that most people like the five steps that you have set up to deal with the estate and houses?
17. How did you get started in this business?

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