Originally, in the early days of e-commerce, purchasers held back due to concerns about the security of their credit card information. Now, especially for high-ticket items not easily returned, they are holding back because they just cannot be sure what they are getting.
“I look at the industrial auction sites all the time and the deals look fantastic,” says the CEO of a start-up biopharmaceutical company in Santa Clara CA. “But then I get the equipment and the controller box is missing. Since the sales are ‘as is’ condition, I’m out all the money I spent on the equipment and on the packing and shipping.”
CheckItOutUpFront will target buyers in four primary categories: industrial equipment auctions, art & antiques auctions, auto auctions and private sales, and real estate auctions, private sales and rentals. The site is also set up to help people who are considering an online transaction and need to have an item “checked out” upfront, such as vacation properties and timeshares, personal property and collectibles, even pets.
This website can become an important source of income for professional appraisers, freelance consultants or students. Since the site will aggregate requests from all over the world, opportunities will exist to check out, and report on, an auction for dozens potential buyers in one visit. For example, a qualified Service Provider may be able to find 30 shoppers on CheckItOutUpFront and charge each $100 to check out a large auction.
CheckItOutUpFront is now actively encouraging those who have experience and expertise in these areas to visit the site to register and become “Bloodhounds.”
The two parties use the site to agree on the services to be performed and the price to be paid. The purchaser needs to establish contact with the seller to assure that the provider has access to the item to be checked out. The agent, or service provider, then checks out the item, files a report on CheckItOutUpFront, and payment is transacted on the site. For privacy purposes, the purchaser and service provider remain anonymous to each other.
We invite inspectors and appraisers to visit http://www.checkitoutupfront.com to become inspection Bloodhounds for the online auction industry.