Fellow appraiser Claudia Hess sent me an interesting notice from Rago Auctions about expanding services into downsizing management. As I have been recently stating, this is a further example on how auction houses, both international, national and regional are expanding their service footprint and leveraging their name/brand with clients and potential clients.
So my question to fellow professional appraisers, we are you and/or your association doing to generate additional business and assignments beyond traditional valuation services?
The RAGO RE email notice states
and from the Rago websiteRAGO UNVEILS NEW PROPERTY MANAGEMENT SERVICE; RAGO RE
Rago is proud to announce the unveiling of our new property management service; Rago RE.
We’ve created Rago RE to better serve clients who are downsizing their homes or otherwise reducing household contents beyond the property that Rago can sell at auction or manage through Estate Services. It helps clients determine the best way to sell or dispose of property that has to go - whether through estate sale, secondary auction, donation or a combination of services.
The property management professionals of Rago RE build an individualized property management plan for each client; one that best suits their unique needs. Rago RE calls on a vetted network - smaller auction houses, estate sale companies, dealers, consolidators and clean-out services from Philadelphia to Connecticut – to connect its clients with insured and credentialed service providers who can handle their unwanted property professionally.
While Rago RE’s services are currently available only to consignors, plans are underway to expand it more broadly.
Source: Rago RE.Many of our consignors are downsizing a home or otherwise reducing household contents beyond the property that Rago can sell at auction or manage through Estate Services. It can be a huge undertaking.
Should you find yourself in this situation, Rago has a property management service called Rago RE.
If you don't have the time or don't want the hassle of choosing and coordinating the needed assistance, we’ll find you the help you need to reduce, reuse, or repurpose. We'll help you determine the best way to expeditiously re-home the property that has to go, whether through an estate sale, buy-out, secondary auction, donation, or a combination of such services. We can even see to it that the last unsaleable bits are hauled away and the place is swept clean.
Here's how it works:
Arlen Sam Brown, who runs Rago RE, will review the personal property that you need handled either by photo or on site, working in tandem with a Rago generalist.
She'll send you a proposal recommending the right business people to handle the jobs you need done.
If you decide to work with Rago RE, Arlen will introduce you to these businesses, then coordinate and oversee their work. She's available to you from start to finish.
The Rago RE network of preferred providers
Rago maintains a small, vetted network of preferred providers from Philadelphia to Connecticut - smaller auction houses, estate sale companies, dealers, consolidators and clean-out services. Only businesses with the proper insurances and a solid reputation in our industry for honesty and reliability are eligible to be added to our list and recommended. They do not work for us; they work for you.
Pricing
Rago charges $100/hour + travel time for Arlen and a Rago generalist to review the property in question. It generally takes them a couple of hours to get a sense of what is salable at what value, what can be donated, what needs to be carted away and choose the approach that best addresses your needs.
The cost of your job itself can't be quoted here. It depends on what needs doing. If a lot of the property left behind by Rago has value, you could well end up making money. If almost everything left is for donation or the dump, you'll have to cover those costs. Makes sense, right?
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