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NP Solutions is a proud partner with CBRE having been awarded a contract to support the U.S. Marshals Services seized and forfeited assets general property program.  Please check back for auction announcements and updated calendar.

 

confidentialIn certain circumstances where a seller does not want the publicity or visibility of a pending sale of assets NP Solutions can provide private treaty sales transactions. Private treaty sales can sometimes be the best method of achieving maximum return to the seller for difficult to sell specialized assets, production/manufacturing lines, and complete operating and/or closed facilities. We use our world marketing reach to sell these assets and facilities.

In some circumstances the best buyer is obvious either to the seller or to us and in other cases, we can quickly identify qualified buyers. The value we add is our ability to act as an intermediary representing the seller's interests to negotiate the best sales price and terms possible.

For complete details on private treaty sales, please contact our office so your assets can be properly evaluated for this fruitful sales program.

 

WHY AUCTIONS?

Auctions work for buyers and sellers alike because everyone involved wins. The seller wins because they are able to sell their assets on a timely basis. Buyers win because the savings realized by the seller can be shared by the buyer in the form of auction prices.

Assets become non-producing for many reasons. Financing, facility upgrades, consolidations, shutdowns, and relocation's are but a few examples of why. Holding non-producing assets or the slow process of traditional sales techniques lead to expensive carrying costs such as insurance, depreciation, taxes, maintenance, and tie up credit lines. These costs and the inability to buy new income-producing assets diminish the return of principal invested. Selling today in a competitive process will yield the highest fair market return while freeing capital to reinvest.

Auctions create a competitive market place for assets. With a planned marketing campaign, inspection period, and auction sale, assets can be sold for the highest return in a fixed time frame and for a fixed cost. Prolonged staffing, security, facilities, and other expenses are contained unlike unplanned conventional sales techniques.

Generating higher prices due to the competitive bidding and emotional process that occurs between two or more bidders, auctions generally bring a higher return than expected by the seller. Interested and qualified buyers are targeted using many forms of media including but not limited to newspapers, direct mailing, trade journals, and the internet. Each auction has a customized advertising campaign directed toward buyers for the particular assets.

Auctions are excellent methods of bringing transparency to the sale of assets for the dissolution of a partnership, a business or the sale of assets in a bankruptcy situation for the benefit of creditors.

 

appraisalsNational Property Solutions offers full appraisal services for many asset categories. Our certified appraisers provide timely and accurate reports to financial institutions, business owners, executors, attorneys, and other decision makers.

Our certified appraisal reports are based on standards set by the Uniform Standards of Professional Appraisal Practice (USPAP). Our appraisers hold a variety of certifications and designations. We perform a full inspection, photograph, and document in detail the inventory of assets to be valuated. Extensive research is then performed to obtain accurate valuation. NP Solutions specializes in quick response, immediate action and turnaround time.
Using the methodologies of the Market or Sales Approach, Cost Approach, and Income Approach, NP SOLUTIONS is well versed in determining values for...

  • (OLV) Orderly Liquidation Value – In Place or Removed
  • (FMV) Fair Market Value – In Place or Removed
  • (FLV) Forced Liquidation Value
  • (RCN) Replacement Cost - New or Used

No matter what is the driving force to secure an appraisal, we can provide certified asset appraisals for all of your business needs. For fee structures and timelines, please This email address is being protected from spambots. You need JavaScript enabled to view it. our office for additional information.

 

We recognize that buying at auction may be a new experience for you and we want you to know we are here to assist and make your participation in our auctions a stress free, enjoyable and profitable experience.

The following is a list of frequently asked questions and answers. The Terms of Sale for a particluar auction may vary from the answers provided below and should be reviewed and accepted by all bidders prior to bidding.

How can I inspect the assets to be sold?

Inspection times are scheduled and posted on each auction information page based upon the location and hours of operation for the facility where the assets are located.

Will the auction be a live auction, on the internet or some other method?

On the auction detail page the method of auction is explained as well as the terms of sale and requirements to register to bid.

How do I register for the auction?

Registration requirements vary for each auction and may require pre-registration as well as a deposit or verification of funds prior to the auction. For most events the process is simple a government issued I.D., cash or a cashier's check and you are ready to begin bidding.

If the auction is online how will I gain access and bid?

On the auction information page there will be a link to register to bid and gain access to the bidding site. Most often you can register to bid prior to auction day. Then on auction day you will log in and begin bidding. Close of bid times will be posted. If you have any questions during the bidding process simply contact our office and we will be happy to assist.

If the auction is a live auction what should I expect?

Most live auctions are conducted on site. Registration and final inspection times are posted on our site so bidders have time to inspect the assets and have any last minute questions answered by members of our staff. The auction will begin promptly following the auctioneer announcing the terms of sale and other procedures which will be followed for this specific auction event. Check out typically begins at the conclusion of the bid calling. Removal is either immediately following the payment for your purchases on the day of the auction or at other times announced by the auctioneer.

If the auction is a webcast auction what should I expect?

In a webcast auction you may either participate in person just as you would for any live auction or bid over the internet in real time against those bidding in person on the auction floor. If you are planning to participate as a bidder over the internet, there will be requirements for you to follow in order to register, fund your purchases and for the removal of your items.

Can I place an absentee bid?

Yes, we understand circumstances may not allow a potential buyer to participate at an auction. We provide these potential buyers with the option of placing an absentee bid. The procedures for absentee bidding vary from auction to auction and are explained either in the terms of sale or may be verified with the auction company at least two business days prior to the scheduled auction time and date.

Can I bid over the telephone?

Yes, in either a live or telephone bid auctions, bidders may place bids via telephone. The procedures for telephone bidding vary from auction to auction and are explained in the terms of sale and may be verified with the auction company two business days prior to the scheduled auction time and date.

What order will the items be sold?

The order of bidding most often follows the order of the catelogue with sequential lot numbers. In live and webcast auctions, the auctioneer will confirm the order of bidding prior to the start of the auction. In an on-line auction you may bid in any order you choose. The order the bidding closes can be followed by the countdown clock on the specific auction site.

How are the items being offered at the auction?

The auctioneer may bid lots individually, combine lots, or offer high bidder's choice for a number of similar lots. Prior to the commencement of bidding, the auctioneer will announce the method of bidding.

Is a deposit required to bid?

Evidence of funds to purchase is required as part of the registration process for all aucitons. See terms of sale for individual auctions for details.

What is a Buyer's Premium?

The buyer's premium is a disclosed percentage added to the high bid to determine the Total Purchase Price to be paid by the buyer.

How will I pay for my purchase?

For on-site auctions payments are either in cash, certified funds, pre-authorized corporate checks and for some events credit cards are accepted. In all cases, goods must be paid for immediately following the close of the auction.

Will I be responsible for any other costs or fees?

Yes, you will be responsible for the payment of appropriate sales tax, if applicable as well as the cost of any removal, packing or shipping costs.

Can I use a Tax Exempt Certificate to avoid paying sales tax?

Yes, you will need to provide a copy of the Tax Exempt Certificate when paying for your purchase.

What is expected of me to remove my purchase?

You are responsible for the cost of removal without damage to the property of items you purchase. Items maybe removed following payment either by you, your employees or by a contractor (rigger) you hire to remove such items. For larger items or installed items, a Certificate of Insurance may be required prior to the deinstallation or removal. All electrical, plumbing or other mechanical removal requires the buyer to terminate all mechanical connections in a safe and acceptable manner to local building codes.

When do I need to remove my purchase?

When you are required to remove your purchase by varies with each auction. Sometimes it is immediatly following the bidding other times it is at designated removal times following the event. Items not remove by the times designated in the Terms of Sale shall be deemed abandoned with no refund available to buyer.

Wait, I have another question!

If you have a question specifically for a particular auction or if there is something we have not covered below, please This email address is being protected from spambots. You need JavaScript enabled to view it.. Remember that the Terms of Sale will be posted with the auction catelog and are specific to each auction so therefore should be competely reviewed prior to bidding.

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"Simply, if you plan to monetize assets without a sophisticated marketing campaign and structured timeline, that's not a plan It's a wish."

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