PMI Auction Process

PMI's turnkey operations guarantee the highest quality service, from the moment our on-site sales coordinator first visits your facility, until the last piece of equipment has been removed. Upon signing a contract, you will receive a certificate adding you as an additional insured on PMI's $11,000,000 General Liability Coverage. The following chart illustrates the PMI process, ensuring that your project is as easy, as pleasant, and as profitable as possible.

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APPRAISALS

Lending institutions need to know the value of collateral on their loans. Private companies must utilize values to make decisions. Bankruptcy trustees desire to maximize the value of an estate. All of them require accurate information and often need it in a hurry.

PMI's expertise in industrial sales of all types through the years makes us qualified to give our clients the most accurate opinion of the market value of industrial equipment. In addition to AMEA certification, our extensive computerized database, research library, and most of all, experience, help to assure that our clients will receive the finest appraisals available in the industry today.

ORDERLY LIQUIDATIONS

In an orderly liquidation, PMI markets the equipment and sells it over a specified period of time. The client is able to accept or reject any offer that is made on the assets. This method of sale is useful when the equipment has a high book value, when there are specific removal requirements, and when the equipment is particularly special or unique. This method is not as expedient as an auction sale, but in some instances, can be more profitable.

SEALED BID SALES

A sealed bid sale may be used when a client wants to accomplish a sale on an immediate basis or when the size or specialized nature of the package dictates that an auction is not a desirable approach. An example would be an entirety offering for which there would be only a few strong bidders. The bidders are kept apart and each bidder is only given one opportunity to bid; thus, each initially puts forth their highest bid. The seller then has an opportunity to accept or reject the highest bid from the group. Product lines, finished goods inventories and real property all lend themselves to this method of sale.


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