Cowley Real Estate Auctions, Scranton, PA. Auctions in PA, NY and NJ. Real estate brokerage in PA and NY.Call (570) 344-9411
How we sell, in eight stages

From first call to settlement.

Every stage of a Cowley sale, written down: what we do, what you do, what you sign, and when the money arrives. For families settling an estate, owners selling property, and the attorneys and lenders who hire us.

Why we wrote it down

Eight stages, in the order they happen.

If you are settling a parent's estate, you have probably never sold anything at auction. You have a house, a garage, a lifetime of contents, and a deadline from the court or the family. You want to know what happens, who does it, what it costs, and when the money arrives. Those are fair questions. This page answers them in order.

Most auction websites describe this part in adjectives. We would rather show you the stages. Each one below says what happens, what you do, what we do, how long it takes, and what you hold in writing when it ends: a written plan, a signed agreement, a lot list, a settlement statement. Ask any firm you talk to for the same list.

The eight stages sit under the four steps on our home page. Talk it through is stage one. Inspect and propose is stages two through four. Market and sell is stages five through seven. Settle is stage eight. The same stages apply to a home, a farm, a fleet of trucks, a restaurant or a house full of furniture. Where real estate and personal property differ, we say so. Where a figure depends on the sale, it goes in your written plan, not on this page.

The person who inspects your property is the person who calls the sale. The stages below are staffed that way, so the plan you receive at stage three is the plan that runs on sale day.

The process

Step by step

8 stages, first call to settlement
  1. 01

    Talk it through

    Day 1. We reply within one business day, usually the same day.

    Call or send the form. We ask what you have, where it is, and your timeline.

    Call the office or send the seller inquiry. You will reach John, Patrick or Amy, not a call center. We ask what you have, where it is, why it is being sold, who has authority to sign, and when it needs to be gone. We ask about mortgages, liens, leases and equipment financing on the first call, because a lien found late delays a sale. Then we tell you plainly whether auction is the right fit. If a conventional listing looks like the better route, we say so. We are licensed to do either. Nothing is signed on this call.

    You do
    • Call (570) 344-9411 or send the seller inquiry form.
    • Describe the asset, where it is, and the deadline that matters: a court date, a lease end, a closing on another house, a moving date.
    • Say who has authority to sign: owner of record, executor or administrator, trustee, receiver, corporate officer.
    • Flag any mortgage, lien, lease, co-owner or heir who must agree.
    We do
    • Reply within one business day, usually the same day.
    • Ask what, where, why, who and when.
    • Say plainly whether auction is the right fit, or whether a listing will net more.
    • Schedule the site visit with the auctioneer who will call the sale.
    In writing: Nothing signed yet. A confirmed date for the site visit. For real estate, the state agency disclosure at this first substantive conversation: the Pennsylvania Consumer Notice or the New York agency disclosure form. Keep the deed, titles, loan statements and, for an estate, the letters testamentary handy for the visit.
  2. 02

    Inspect and recommend

    After the first call. One visit for a house or a small shop; more for a plant or a large estate.

    Same auctioneer, start to finish. We walk it ourselves, then recommend a method and say why.

    We come to the property. For a house, one walk-through inside and out, plus a look at the deed, tax parcel, zoning and access. For a shop, a plant or a full household, we walk it item by item: every machine and truck by make, model, serial number, hours and condition, and what is bolted to the building versus what rolls out. We flag problems now, not on sale day: a lien, a leased cooler, a boundary question, a truck without a title, refrigerant in the coolers, a tenant in place. We give you a verbal auction estimate. Then come three decisions. First, auction or conventional listing. Auction fits a firm date, more than one interested buyer and as-is terms. A listing fits an owner-occupied home that needs time and an asking price. Second, format: live on site, online only, or simulcast, which is live with online bidders competing in real time. Third, absolute or with reserve. Absolute draws more bidders, because everyone knows it will sell. A reserve protects a floor you cannot go below, and set too high it thins the crowd. We recommend one of each and say why. A firm with one license has one answer. We hold both.

    You do
    • Give access and point out what stays and what goes.
    • Hand over what you have: deed, survey, tax bills, leases, titles, maintenance records, manuals.
    • Tell us about known defects. A surprise on sale day costs money.
    • Tell us your real floor: a payoff, a court-approved minimum, what the heirs will accept.
    • Decide whether you can live with the market's verdict. If not, do not go absolute.
    We do
    • Walk every room, lot or line ourselves and photograph it.
    • Note serial numbers and hours, and rough out the lot list: what sells alone, what is grouped, what is titled, what is fixed to the building, what has no auction value.
    • Check title, liens, zoning and access before they become sale-day problems.
    • Give a verbal auction estimate and say plainly whether auction or listing fits. A written appraisal is a separate engagement.
    • Recommend the format and absolute or reserve, with reasons. For land and farms, say whether one parcel or several tracts will bring more.
    In writing: Our inspection notes and photographs, which become the lot list and the bidder packet. A verbal opinion of value. The recommendation and the reasons, carried into the written plan. No obligation.
  3. 03

    Propose in writing

    After the inspection, before you sign anything.

    Method, marketing, dates, costs. On paper, before you sign anything.

    You get a written plan, not a quote over the phone. It names the method and format we recommend and why. It lays out the marketing plan: channels, dates and cost. It sets proposed dates for launch, previews, sale day, the removal window and, for real estate, the closing window. It states the costs: our commission, any buyer's premium, and who pays advertising, labor, clean-out, title work and transfer tax. It states how and when you are paid and what the accounting will show. For Pennsylvania real estate it comes with a written estimate of costs and net proceeds, as broker rules require. Read it at your kitchen table. Ask about every line. The plan becomes the contract, so nothing in it should surprise you later.

    You do
    • Read the plan and compare it with a conventional listing on speed, certainty and net.
    • Decide absolute or reserve with our estimate in front of you.
    • Ask what any line means.
    We do
    • Recommend one method and one format, with reasons.
    • Set proposed dates for launch, previews, sale day, removal and closing.
    • State commission, buyer's premium and expense responsibilities in figures.
    • For Pennsylvania real estate, give the written estimate of costs and net proceeds.
    • Say how and when you are paid, and what the settlement statement will show.
    In writing: The written plan: method, format, marketing plan, dates, commission and buyer's premium terms, who pays each expense, and settlement terms. For Pennsylvania real estate, the estimate of costs and net proceeds.
  4. 04

    Sign before we advertise

    Before anything is advertised.

    Nothing is advertised until the agreement is signed. Pennsylvania law requires it. So do we.

    Pennsylvania requires a written contract between the auctioneer and the owner or consignor before any sale is conducted. Ours carries the terms of sale and our auctioneer license number, AU002923L. For real estate we act under our broker licenses, so the agreement also meets Real Estate Commission rules: services and fees, price or auction terms, commission, a fixed term, and the required notices. If you sign for an estate, a trust, a company or a bankruptcy estate, we need the paper that says you can: letters testamentary, the trust instrument, a corporate resolution or the court order. For a house, you complete the seller disclosure where the law requires it, and the lead paint disclosure if the house was built before 1978. The reserve, if there is one, goes in the contract now. Then, and only then, the first ad runs.

    You do
    • Sign the auction agreement, and for real estate the listing and auction agreement.
    • Show your authority to sell: deed, letters testamentary, trust, corporate resolution, court order.
    • Complete the seller disclosure and the lead paint disclosure where they apply.
    • Stop selling or giving things away once you sign. The catalog cannot change under the bidders' feet.
    We do
    • Prepare the agreement with our license number on it and walk you through every term.
    • Provide the required broker notices for real estate in Pennsylvania and New York.
    • Write the reserve, if any, into the contract. It stays confidential.
    • Keep the executed copy on file, as the law requires.
    In writing: The signed auction agreement, or for real estate the listing and auction agreement, with our license number, the terms of sale, the commission, the reserve if any, and the settlement terms. Your copies of every notice and disclosure you signed.
Tractor and implements lined up on site before a Cowley equipment auctionOn site before a Cowley equipment sale
  1. 05

    Prepare the sale

    The weeks between signing and launch.

    Title work, the bidder packet and the catalog. This is where the result is made.

    Real estate: we order the title search so liens, judgments and mortgages surface now, not at closing. We assemble the bidder packet: title, survey if needed, disclosures, lead paint materials for pre-1978 homes, taxes, zoning, leases, terms of sale and the sample agreement of sale. The packet answers every question a buyer would otherwise make a contingency. Equipment and contents: our crew sorts, cleans, lots, tags, photographs and describes every item. Lotting is judgment: a rack of hand tools sells better bulked in box lots; a skid steer sells on its own, serial number and hours listed; a pallet of mixed inventory is counted and photographed so a buyer out of state can bid without a visit. Titled trucks and trailers are matched to their paperwork. Fixtures that stay with a leased building are marked and set aside. Items with no auction value are separated for donation or disposal, not cataloged. Then the catalog goes up on HiBid, lot by lot, with condition notes, the buyer's premium and the removal window.

    You do
    • Real estate: sign disclosures, provide payoff statements, keep utilities on and the property accessible.
    • Contents and equipment: hand over titles and keys, remove anything excluded before we tag, and decide what happens to no-value items: donate, dispose, keep.
    • Do not sell or give away anything on the list.
    We do
    • Order title work and arrange payoffs.
    • Build the bidder packet and publish it to bidders.
    • Sort, lot, tag, photograph and describe every item, and build the HiBid catalog. You see the lot list before it goes online.
    • Handle the paperwork on titled vehicles and equipment.
    • Arrange refrigerant reclaim, rigging, clean-out, moving or storage when the asset needs it.
    In writing: Real estate: the bidder packet and the title report, which you review before they are published. Personal property: the lot list and catalog with photographs, with your excluded items noted. Both: the terms of sale as they will be advertised.
  2. 06

    Market and preview

    The dated window in your plan: launch, previews, then sale day.

    Targeted marketing to the buyers who bid on your asset type, with a launch date and an end date.

    Each sale gets its own campaign, aimed at the buyers who bid on that category. A dairy dispersal and a Green Ridge two-story do not share an audience. The catalog goes live on HiBid, where bidders from across the country register and place bids. It goes out on our sale notices by text and email. Real estate goes on the MLS through our broker license where it helps. Every advertisement carries our name and license number, as Pennsylvania requires. Preview is the buyer's inspection: everything sells as-is, so bidders come, open the hood, run the machine and decide. If a neighbor knocks on your door with an offer, send them to us. A side deal during the listing term can still owe the commission.

    You do
    • Keep the property or the lots presentable and available for previews.
    • Send every inquiry to us. Do not negotiate on the side.
    • Stay reachable. Interest builds late, and a reserve sale may need a decision quickly.
    We do
    • Run the campaign on the dates in the plan: HiBid catalog, sale notices by text and email, signage, and MLS for real estate where it applies.
    • Open bidder registration, field every call, and hold the advertised previews. Our crew staffs them.
    • Tell you how registration, pre-bids and interest are running, whenever you ask.
    • Put our name and license number on every advertisement.
    In writing: The sale bill. The published terms of sale and bidder registration terms: buyer's premium, payment methods, removal window, and for real estate the deposit and closing date. The live HiBid catalog listing. Campaign updates whenever you ask.
  3. 07

    Sale day

    One sale, one day. Live sales run on site. Online-only catalogs close lot by lot on the published schedule.

    One sale, in the open, on the same terms for everyone.

    On sale day bidders register with ID and agree to the terms. The auctioneer who inspected your property calls the sale. In a simulcast, online bidders on HiBid compete against the room, and a clerk relays their bids to the block. Online only, lots close with a soft close: a bid in the final minutes extends that lot. Maximum bids advance only as competition requires. You are welcome to attend. You may not bid, and no one may bid for you, unless the terms disclosed that in advance. If the sale is with reserve and the high bid stops short, you decide then, or we open a negotiation with the high bidder afterward. Real estate: the high bidder signs the agreement of sale and posts the deposit before leaving.

    You do
    • Attend if you like, in person or by watching the catalog close online.
    • Do not bid, and do not have anyone bid for you.
    • For a reserve sale, be reachable to confirm or pass on a short bid.
    We do
    • Run registration and the terms announcement, and call the sale. The auctioneer who inspected your property is the one at the block.
    • Run the HiBid simulcast and relay online bids against the floor.
    • Never bid for ourselves at our own sale.
    • Real estate: close the sale with a signed agreement of sale and a deposit receipt before the high bidder leaves.
    • If a reserve is not met: take your decision, or open a post-sale negotiation with the high bidder.
    In writing: The terms of sale as announced and posted. Real estate: the signed agreement of sale and the deposit receipt, the same day. Personal property: the clerk's record of every lot and its hammer price.
  4. 08

    Settle

    Personal property: the published removal window after sale day, then settlement. Real estate: typically 30 to 45 days after sale day.

    Buyers pay, items move, you get a full accounting. Real estate closes typically within 30 to 45 days.

    Winning bidders are invoiced immediately: hammer price, plus the buyer's premium stated in the terms, plus sales tax where it applies. They pay at the cashier or online, then remove what they bought during the published window. Our crew runs the yard: releases against paid invoices, loading order, and forklift or rigging help where the terms provide it. Nothing leaves unpaid. Lots not removed in the window may be forfeited under the terms. When the window closes, we walk the building with you. What is left is what the agreement says: cleaned out, hauled, or returned to you. Buyer money sits in a separate escrow account, as Pennsylvania auction law requires, until we settle with you. Once buyer funds clear, you receive an itemized accounting: every lot and its price, buyer's premium and sales tax collected, commission, each expense, and your net, with the check. Real estate closes through a title company or attorney, typically 30 to 45 days after sale day, on the date in the terms. At closing the balance is paid, the deed is delivered and recorded, liens and mortgages are paid from proceeds, transfer tax is paid as the terms allocated it, and you receive net proceeds and a settlement statement.

    You do
    • Keep the building open and accessible through the removal window. Leave releases to the crew. Do not hand anything over yourself.
    • Real estate: sign the deed and closing documents, provide payoff authorizations, deliver keys and possession at closing.
    • Review the settlement statement and ask about any line. Executors: this is the document the court and the beneficiaries will want.
    • Tell us where funds go and who the statement is addressed to: you, the estate, the trustee, the lender.
    • Talk to your own tax professional about gains and basis. We are not your tax advisor.
    We do
    • Invoice every buyer immediately and take payment. Release lots only against paid invoices.
    • Staff the removal days and manage loading. Walk the building with you when the window closes.
    • Reconcile every lot, collect from every buyer, and remit Pennsylvania sales tax where we are the collector.
    • Pay you from the escrow account with an itemized settlement statement.
    • Coordinate the real estate closing with the title company or attorney and deliver the deposit from escrow.
    • Handle passed or unsold lots as the contract says: re-offer, return, donate or dispose.
    In writing: Personal property: paid-in-full checkout records for every lot, and the itemized settlement statement (every lot, hammer price, premium and tax collected, commission, expenses, net), with buyer invoices and marketing receipts on request. Real estate: the closing settlement statement, transfer tax statement, payoff letters, and the 1099-S from the closing agent.
Two tracks

Where real estate and equipment differ

The eight stages are the same for a house and for what is in it. They differ in who signs what, what the buyer posts, and how you are paid. Here is where.

Real estate

  • Where we can sell itPennsylvania and New York, where we hold broker licenses. We do not hold a New Jersey real estate license.
  • Auction or listingWe are licensed to do either, and we recommend the one that will net you more. Auction fits estates, trusts, land, bank-owned property, and any sale where a firm date matters. A conventional listing fits an owner-occupied home that needs a longer marketing period and an asking price.
  • DisclosuresResidential sellers complete the state property disclosure form in Pennsylvania and New York. Fiduciaries administering an estate or trust are exempt from the form, though a known material defect still gets disclosed. Housing built before 1978 gets the federal lead paint disclosure and pamphlet.
  • Title and the bidder packetTitle work runs before the sale, not after. Every real estate sale gets a published bidder packet: title, survey if needed, disclosures, taxes, zoning, leases, terms of sale, sample agreement of sale. Buyers do their due diligence before they bid.
  • Sale dayAdvertised previews, then one sale. The high bidder signs the agreement of sale and posts the deposit before leaving.
  • The reserveSet in the contract before marketing begins, from our estimate and your actual floor: a mortgage payoff, a court-approved minimum, what the heirs will accept. It is confidential.
  • ClosingTypically 30 to 45 days after sale day, through a title company or attorney. The deposit is held in escrow until then. Transfer tax and title costs are allocated in the terms of sale, not by custom. New York real estate runs under our New York broker license.

Equipment, contents and business assets

  • Where we can sell itPennsylvania, New York and New Jersey. On your site, so buyers see the plant as it ran, or moved when the site cannot host a sale.
  • Who signsThe owner, or the executor, trustee, receiver or officer with authority. The auction agreement lists what is being sold, commission and expenses, any reserves, the settlement terms, and your warranty that you own it free of liens or that lienholders are paid from proceeds.
  • LottingMachinery sells individually, with serial numbers and hours. Small tools and shop stock are bulked into box lots. Inventory is counted and palletized. Titled trucks and trailers are matched to paperwork before they are cataloged. Fixtures that stay with a leased building are marked and left out. You see the lot list before it goes online.
  • What has no valueWe tell you at the inspection. It is separated for donation or disposal, not cataloged. You decide where it goes.
  • Checkout and removalWinning bidders are invoiced immediately for hammer price plus the buyer's premium stated in the terms, plus sales tax where it applies. Nothing leaves the building unpaid. Buyers remove during the published window, which they agreed to before bidding. Lots left behind may be forfeited under the terms.
  • Clean-out and storageIncluded when needed: cleaning and repairs, clean-out, moving and secure storage, organizing and display, tents, sanitation and food service, and all labor for setup and sale day. Each is a line in the plan, with who pays it. When the removal window closes, we can leave the building broom-clean if that is in the plan.
  • Sales tax and settlementSales tax is collected from the buyer where it applies, on the full purchase price. Whether it applies depends on where the sale is held and who the owner is; the terms of sale will say. After buyers pay and remove, you are paid from our escrow account with an itemized statement lot by lot.
On paper

What you hold at the end.

A trustee, a workout officer or an executor has to show someone else what happened and why. So does a family settling an estate. This is the paper trail, in the order you receive it.

  1. Notices and disclosures

    The Pennsylvania Consumer Notice or the New York agency disclosure form at the first substantive conversation. Your copies of the property disclosure and lead paint forms where they apply.

  2. The written plan

    Method and format with the reasons. Marketing plan with channels, dates and cost. Proposed dates for launch, previews, sale day, removal and closing. Commission, buyer's premium and who pays each expense. How and when you are paid, and what the accounting will show.

  3. Estimate of costs and net proceeds

    Pennsylvania real estate. A written estimate before any agreement of sale, as broker rules require.

  4. The agreement

    The written contract Pennsylvania requires before any sale, with the terms of sale and license AU002923L. For real estate, the listing and auction agreement under our broker license: services and fees, price or auction terms, commission, a fixed term, the required notices, and the reserve if any.

  5. The bidder packet

    Real estate. Title, survey if needed, disclosures, taxes, zoning, leases, terms of sale and the sample agreement of sale, as published to bidders. You review it before it goes out.

  6. The lot list and catalog

    Personal property. Every lot with description and photographs as listed on HiBid, with your excluded items noted, plus the published terms: buyer's premium, payment methods, removal window.

  7. Sale bill and marketing schedule

    The sale bill, the advertised terms, and every advertisement, each carrying our name and license number. Launch date, channels, preview dates, sale day and the removal window.

  8. Campaign updates

    How registration, pre-bids, preview attendance and inquiries are running, whenever you ask during the marketing period.

  9. Sale day paper

    Real estate: the signed agreement of sale and the deposit receipt. Personal property: the clerk's record of every lot and its hammer price.

  10. The full accounting

    Personal property: the itemized settlement statement from our escrow account, every lot and hammer price, buyer's premium and sales tax collected, commission, each expense, net proceeds. Buyer invoices and marketing receipts on request. Real estate: the closing settlement statement, transfer tax statement, payoff letters and the 1099-S from the closing agent.

John Cowley and Patrick Cowley III, auctioneers
Who does the work

The same people, first call to settlement.

Cowley is led by auctioneers John Cowley and Patrick Cowley III. The person who inspects your property is the person who calls the sale. There is no sales representative who hands you to a project manager who hands you to a contract auctioneer. One of them walks your site at stage two, writes the plan at stage three, and stands on the block at stage seven. The opinion of value you got on the first visit is the opinion of the person selling it.

Call (570) 344-9411 and you will reach John, Patrick or Amy, not a call center. Our own crew handles setup, staging, preview and sale day.

Licensed and bonded. Pennsylvania auctioneer AU002923L. Pennsylvania real estate broker RB26658A. New York real estate broker 10311206461. Bonded for trustee and bank-owned work. For over 30 years the firm has run commercial and industrial auctions, bankruptcy liquidations, real estate auctions and conventional real estate sales for families, executors, attorneys, trustees, lenders and business owners across Pennsylvania, New York and New Jersey.

Holding both licenses matters at stage two. A firm with one license has one answer. We hold both, so the recommendation you get on the first visit is not tied to the only tool we own. If a listing will net you more, we say so, and we list it. For trustees, receivers, lenders and counsel: the executed agreement is on file with our license number, proceeds sit in a separate escrow account, and the accounting you receive is built to be attached to a trustee's report or a lender's file.

AU002923LPA Auctioneer
RB26658APA Real Estate Broker
10311206461NY Real Estate Broker
Seller questions

Before you sign anything

What does it cost me?

A commission on the sale price, stated in the written plan and the agreement before anything is advertised. Many sales also carry a buyer's premium, a percentage the buyer pays on top of the high bid; it is printed in every ad and in the terms. Marketing, labor and clean-out are listed line by line in the plan, with who pays each. For real estate, transfer tax and title costs are allocated in the terms of sale. No figure lives on this page. Every figure lives in your plan.

What happens if it does not sell?

It depends on the method you chose. At an absolute auction it sells to the high bidder. That is the trade for the larger crowd. At a reserve auction, if bidding stops short, you have three choices. Accept the high bid on the spot. Let us negotiate with the high bidder afterward; people who showed up and bid are real buyers. Or hold it, and we re-offer it later or list it conventionally under our broker license. You always know which kind of sale you are in, and so do the bidders, because an auction is with reserve unless it is announced as absolute.

Should I sell absolute or with a reserve?

Neither is always right. Absolute draws more bidders because everyone knows it will sell, and you accept the market's verdict. A reserve protects a floor you cannot go below, and a reserve set too high thins the crowd, which is the one thing an auction cannot survive. The rule we use: if you cannot live with the possibility of the price, do not go absolute. We give you our opinion of value before you decide. The reserve is set from the inspection and the market, not from what someone hopes to net. It goes in the contract and it stays confidential.

How long does the whole thing take?

It depends on volume and asset type, so the honest answer is the one in your written plan. The shape is the same every time: inspection, the plan, preparation after you sign, a dated marketing window, sale day, the removal window, then settlement. Real estate typically adds 30 to 45 days from sale day to closing. The plan puts a date on every one of those before you sign.

When do I get paid?

Real estate: at closing, typically 30 to 45 days after sale day. The buyer's deposit is held in escrow until then. Equipment, business assets and contents: after buyers have paid and removed their purchases, we pay you from the separate escrow account Pennsylvania auctioneer law requires, with an itemized statement. Pennsylvania law requires a full accounting when the sale ends. The day count is written into your agreement.

Can I be there on sale day? Can I bid?

You can be there. Many sellers are, and at a reserve sale it helps to have you or your representative reachable to confirm. You cannot bid, and no one can bid for you, unless the terms disclosed in advance that the seller reserves that right. Undisclosed seller bidding lets the buyer void the sale or take the item at the last real bid. We do not bid at our own sales either.

What about the things that are worth nothing?

We tell you at the inspection. Low-value items get bulked into box lots so they sell. Items with no auction value are separated for donation or disposal rather than cataloged, and you decide where they go. Lotting is how we protect the price on the rest. Whether we clean out and haul what is left is a line in the plan.

Is the sale public? Will people know what it brought?

Yes. An auction is a public sale. Every buyer sees the same information and bids in the open. Hammer prices are usually visible in the HiBid catalog after the sale, and a real estate price becomes public record when the deed is recorded, as it would after a listing. Your reserve and your settlement statement are not public. If privacy matters more than price competition, an auction may be the wrong tool, and we will say so.

What if you think auction is the wrong call?

We tell you, on the first call or after the inspection, and we say why. Then we list it conventionally under our Pennsylvania or New York broker license, with MLS exposure, an asking price and scheduled showings. We hold both licenses, so the recommendation is not tied to the fee.

How do you work with trustees, receivers and lenders?

The way the court and the loan file expect. We are bonded for trustee and bank-owned work. We inspect and give a verbal estimate before you commit. The auction agreement is on file with our license number. Proceeds go into a separate escrow account. You receive an itemized accounting that can be attached to a trustee's report or a lender's file, with buyer invoices and marketing receipts on request. Clean-out, moving and storage are included when the asset needs them, each as a line in the plan.

I am the executor. What do you need from me, and what will the court need from you?

From you: your letters testamentary or letters of administration, so we know you can sign; the deed and any mortgage statements; and a list of anything the will leaves to a specific person, so it comes out before the catalog is built. From us, the court gets what it usually wants: a written agreement, a public sale on advertised terms, and an itemized settlement statement showing every lot, every price, every expense and the net to the estate. Pennsylvania exempts fiduciary transfers from the seller disclosure form, but a defect you know about still has to be disclosed. If the estate is in New York, we confirm with your attorney whether court approval of the sale is needed.

Do you sell in New Jersey?

Equipment, business assets and contents, yes. We run sales in Northern and Central New Jersey. Real estate is different. We hold broker licenses in Pennsylvania and New York, not New Jersey. Call us and we will tell you what we can do.

What about taxes?

We are not your tax advisor, and this is not tax advice. For real estate, the closing agent reports the sale to the IRS on Form 1099-S, and you handle gain or loss on your return. For personal property, Pennsylvania sales tax is collected from buyers where it applies and shown on your statement. Keep the itemized settlement; your accountant and, for an estate, the court will want it.

Seller inquiry

Start with one call.

Real estate, a business, equipment, an estate. Tell us what you have, where it is, and your timeline. We will inspect it, give you a number, and put the plan in writing before you sign anything. We reply within one business day, usually the same day, and tell you plainly whether auction is the right fit. No obligation. Call (570) 344-9411 or send the seller inquiry below.

Seller inquiry

About two minutes.

Ready to start?

One call is usually enough to know whether auction or a conventional listing is the right move.