Seller FAQs

Q. How do your auctions work?
A. A traditional auction reaches your neighbors and maybe a nearby community.  Our auctions reach out to the American Agricultural Community. In essence, the entire nation.

Q. What kind of auction formats do you offer?
A. Heartland Iron offers Feature Auctions which are held every two weeks.  Heartland Iron also offers Direct Auctions which allow the consignor to submit all of the information about his/her equipment.  Direct Auctions run daily.

Q. How do I prepare my equipment for auction?
A. Naturally you want your equipment to look its best, so a good cleaning is recommended. That's all.  That's the best part.  You don't have to haul it to another town or auction site.  We do the marketing for you!

Q. Can I use my equipment once it is consigned?
A. No.

Q. Can I sell my equipment once it is consigned with you?
A. No.

Q. How do I receive payment from a sold piece of equipment?
A. After the close of the auction, the buyer has three (3) business days to post the auction closing price and any applicable tax to secure a payment account designated by Heartland Iron.  After posting, the Buyer and Seller will both be notified that the payment is secure. Both Buyer and Seller will then agree to a pick up date and place.  After the equipment has been picked up, payment will be made to the Seller's designated account less any applicable fees. 

Q. What do I have to pay for your services?
A. Our fees are more reasonable than a traditional auction.  By utilizing the internet, we are able to market to many more people and pass that savings on to our Sellers.  For a detailed list of fees, go to our Heartland Iron Schedule of Fees.  (www.heartlandiron.com/sellfees.shtml)

Q. Can I set a reserve on my equipment?
A. Equipment sold in a Feature Auction may not have a reserve.  The equipment in a Feature Auction is priced so that the opening bid is a price that is desirable to the Seller.
A reserve may be placed on a Direct Auction item.

Buyer FAQs