Thursday, July 16, 2015

A Short Drive to Save BIG Money!

Platinum Bid Auction Service has EXPANDED!

Are retail prices eating away your spending money? SmartShop offers items up to 60% off retail prices! Shop local and smart! SmartShop's always changing inventory has new items weekly.  Always something new, always at the lowest prices. Benefiting local Christian schools and saving you money. Some shop retail, others shop smart.
Located at Platinum Bid Auction Service in Coopersville.
A short drive to save BIG Money!

Stop in and visit the SmartShop

Open 24Hrs a Day Online by going to 
Platinum Bid's website, and clicking on the SmartShop Logo

Also In-Store Shopping Available,
Check the website for store hours.

Monday, September 15, 2014

SOLD On Selling Real Estate at Auction

Sheer excitement builds, followed by satisfaction when hearing the word, “SOLD!” exclaimed by the auctioneer, or reading it across the screen.  Many auction companies are raising the bar for buyers and sellers alike, offering multiple options for selling their real estate at auction.  In fact, according to, an online real estate listing site, “about 11% of the time, auctioned homes sell for more than what the seller had previously listed the home for in a conventional sale.” More and more, people are turning to auctions to sell their homes, farms, and land as the preferred method.

Why is selling real estate at auction a better solution?   According to Dennis Kaptein, President of Platinum Bid Auction Service, “One of the most sought after reasons for selling real estate at auction is that it accelerates the process and in turn gets the seller their money faster.”  Most real estate sold at auction has a time frame of approximately 6-8 weeks which includes marketing the property by the auction company and closing within 30 days after auction day.  Auction companies, like Platinum Bid Auction Service, have licensed real estate brokers and agents that not only know the real estate business, they know the auction business and can market your property efficiently getting it in front of the buyers, and completing the sale.  Another benefit to selling real estate at auction, is that the people present are interested in the property, and there to buy.  As the seller, control remains in your possession over accepting the final bid and in turn final selling price.  Properties offered at auction are generally sold “as is, where is” with no warranties given out.  In turn, the risk is low and the payback is getting the money out of the sold assets more efficiently and quickly.

Currently, the sales price of agricultural land is at an all-time high.  According to the USDA Agricultural Report on land values “over a span of 5 years from 2007-2012, the value of farmland has increased 33%.”  In fact, 21 of the last 22 years have shown growth in land values, reports the MSU Agricultural Report.  Specifically, values in the southwestern portion of Michigan are seeing exponential increase in agricultural land value.  “Currently, the Michigan counties of Ottawa, Kent, Allegan, VanBuren, Kalamazoo, Berrien, and Cass have the highest average values per acre and this same district experienced a 12% increase in land value in just 1 year.”

How long will these significant increases in agricultural land values continue?  “Land values for tilled farm land rose 5.9% last year, while the predictions for the coming year are only 1.8%,” According to the USDA Census of 2012. This prediction suggests the time for action or more precisely, auction, is now, while values are still high.  Further studies suggest that there is a concern for whether or not the financial performance of agriculture can sustain current land prices.  In addition MSU Agricultural Report states “in the past, non-agricultural demand for farmland has held values high, but those demands are only effective if Michigan’s economy is strong with low unemployment and increased incomes.” As a whole, the recent survey in The Agricultural Newsletter from the Federal Reserve Bank in Chicago, shows land values potentially coming down over the next few quarters.

Selling real estate at auction is a win-win scenario for all parties involved.  For sellers and buyers alike, it is an exciting and fast paced adventure.  Jim VanderVeen, Real Estate Broker for Platinum Bid Auction Service tells of one of their clients’ recent experiences.  “At a recent auction we conducted for the U.S Department of Agriculture, they were hoping to meet the appraised value of 2.93 million in sales, however the actual result of their auction was 5.97 million-a 204% or 3 million dollar increase in what they were anticipating!  It was an exciting opportunity to see the online auction process work for real estate.”  Platinum Bid offers an online bidding feature that is easy to use and offers real time information. They also have a new multi-parcel bidding option that gives owners the ability to sell real estate as one parcel or multiple parcels. This gives the buyer the opportunity to bid online on multiple properties simultaneously, mimicking a live auction. 

Platinum Bid Auction Service’s team of professionals are getting the best prices for both property and equipment, and are ready to answer any questions about the auction process.  They offer live or online auction services.  Whether it is a farm, single family home or recreational land, Platinum Bid is the place to sell! 

Call them today to learn more at 616-608-8416 or go online to and see all that they have to offer.

Friday, September 5, 2014

September 10, 2014 Online Consignment Auction Highlights

Take a Look!

Watch the video for some Highlights of the Upcoming Online Auction at Platinum Bid Auction Service

Thursday, September 4, 2014

Why Sell Your Real Estate at Auction?


Sheer excitement builds, followed by satisfaction when you hear those words come out of the auctioneer’s mouth, or read it across your screen.  There are auction companies that are raising the bar for buyers and sellers.  Companies like Platinum Bid Auction Service, who combine the best of both worlds.  We embrace the traditional values and excitement of the live auctions, but we have modern self-built software which enables our company to combine the online and the live auction experience.  Not only does online bidding allow for a wide range of buyers, it is also not controlled by climate or weather, which are always factors in a successful live sale.

But wait, why sell your real estate at auction? Is that the best idea for your property or estate? You bet it is! More and more people are buying and selling their homes and land through the auction method.  It is becoming the preferred method for many sellers. The auction practice for real estate accelerates the process. The auction company is responsible for marketing the property, where each property is handled in a unique situation and aimed at targeted audiences. Rather than waiting for people to see your real estate listings, the marketing at auction takes the information directly to the targeted buyers.

Another benefit is that every person bidding on your property must be pre-approved for financing, as well as have some amount of time or money invested to be bidding. These are all genuinely interested buyers at auction day.  However, in another aspect, the seller controls all the chips. The seller determines a set price and has the ability to accept or decline the highest bids or offers on their property.  We give you, the seller, the option to say yes or no to the final bid price. This allows you to remain in control and know exactly what is happening.  Properties generally sell “as is, where is” with no warranties given out. This process eliminates high seller carrying costs (such as interest, taxes and maintenances) as well as the worry of handling the listing themselves. Relax and let the professionals go to work for you.

Buyers that go to real estate property auctions go to buy, not just to look at the property.  Real estate auctions are also very time efficient, typically a four week marketing plan with 2-3 open houses that are 1-3 hours in length. This avoids any unnecessary time spent, additional showings, or other unplanned ventures with the property. Everything has a set plan and time frame, as predetermined by the seller and auctioneer, and advertised to any potential buyers. This also takes the seller out of the negotiating involved with selling properties, and makes it as simple as possible.

The real estate auction process is a win-win scenario for all parties involved. From the seller to the buyer this is an exciting and fast paced adventure. Platinum Bid Auction Service is ready to answer your questions, help make vital decisions, and most importantly get you the best price at auction for your real estate and property! With our new Multi-Parcel Bidding platform we offer the ability to sell your property in one unit, or separately, depending on the bidding. So whether you have a resort property or a single family home Platinum Bid can facilitate your Real Estate Auction needs!

Call us today to learn more at 616-608-8416 or go online to to see all that we can offer.

Monday, April 21, 2014

Municipal Owned Equipment & Vehicle Online Auctions

Platinum Bid Auction Service is Hosting Several Municipal Owned Equipment & Vehicle Online Auctions in Spring of 2014

MAY 15th
Selling on behalf of:

City of Muskegon DPW
St. Joseph, MI DPW
Lenawee County Road Commission
Village of Sand Lake
Village of Howard City
City of Wayland

...And Continued Daily Additions

Have Items to Consign? Call Today for Details on Selling from Your Location or Ours!
Offering Monthly or Weekly Options to Sell.

Take Advantage of Our National Buyer Base, Award Winning Marketing, and the Experience You Deserve.
Call us Today, we look forward to helping you!

Visit Us Online

Tuesday, February 11, 2014

Coming Spring 2014: Annual Spring Ag Equipment Sale

Have Equipment to Sell??

Put our National Buyer Base to Work for You!

We will sell your items directly from your location, or from our location, the choice is yours!
If interested in being a part of this upcoming event, be sure to give our offices a call.  We are looking forward to helping you, and developing a lasting relationship.
Don't miss out on this great opportunity.

Call Now: 616-608-8416

Thursday, January 2, 2014

Here's to Hoping Everyone Had a Very Merry Christmas & A Blessed Year to Come!

Welcome to the Year 2014!

2013 gave us many amazing opportunities as a company to learn, develop and grow. We are very excited to start a new year, but would like to take the time to thank the individuals who helped us have a great start to 2013.  We strive at being reachable at the click of a mouse or phone, while having friendly service and timely responses.  

If you are considering selling Vehicles, Equipment, Estates or Real Estate give us a call, and let us answer any questions about the process or offer a free no hassle consultation for the year to come!
Put our National Buyer Base to Work for You!

Call Us Today: 616-608-8416