Monday, February 27, 2012

Going, Going, Gone: My Guide to Scoring Deals at Live Auctions

“Where did we get those lovable lamps?”

“Oh, we have the stainless steel trash can. I love those, but they have been so pricey!”

“Your Yuletide decorations demeanour so pretty!”

These have been comments I listen to all the time during my house. My response? “Thanks. I got the good deal during the auction!”

Live auctions have been the wonderful place to find bargains, singular items, furniture, as well as collectibles. They can be the little confusing, as well as if we aren’t careful, we can finish up spending some-more than you’d like. So here have been the integrate of pointers upon where to find auctions as well as how to get the most appropriate buys when we get there.

There have been several opposite kinds of live auctions. The dual most renouned have been auction houses as well as on-location auctions.

Auction Houses -Usually run by the single auctioneer which takes equipment upon consignment from estates, individuals, as well as businesses. Most of the time they have the specific schedule, similar to each Tuesday night.

On-Location Auctions- These embody estate sales as well as genuine estate auctions which have been hold upon location. A lot of times the auctioneer will only go room to room auctioning equipment where they sit. Sometimes equipment have been brought out onto the lawn.

How to Find an Auction Near You

  • Check your local paper or classifieds. Most auctioneers publicize their place auctions in the personal as well as genuine estate sections.
  • Check out auctionzip.com. Just enter your zip code, as well as get the calendar of auctions near you.

What to Do When You Get There

Arrive early. You’ll need time to register as well as get your series or paddle; this is how the auctioneer keeps lane of the winning bidder. You can additionally demeanour around as well as see all the equipment up for sale.

Take the pen as well as paper. There will most likely be boxed lots–lots of goodies grouped together in boxes. These have been numbered so we may wish to jot down the numbers we have been interested in. This approach when they come up, you’re ready. You can additionally keep lane of what we bid upon as well as how much you’ve spent so we don’t go over your budget.

Pick your limit price. See something we can’t live without? Decide how much we wish to spend, as well as don’t go over it! Remember, most auctions will assign the buyers’ reward anywhere from 2%-10% of the sale price as well as sales tax. That can supplement utterly the bit to your price, so keep which in mind when we have been bidding.

Know how to pay. Find out if they take credit cards before we try to pay with plastic. Is there the discount for cash? Make certain we know so we can be prepared.

Look as well as touch. See something we like? Don’t be afraid to demeanour it over thoroughly. Most auctions have been as is, so if we get it home as well as it doesn’t function correctly, it wasn’t the good bargain.

Remember there will always be an additional one. Is someone driving up the price of which fridge we want? Wait the few weeks as well as there will be an additional one. Great things show up during auctions all the time.

Don’t bid as well quickly. If the auctioneer starts the behest during $10 as well as no the single bids, he will drop it until someone does. If there is the behest fight going on, wait until it slows down as well as afterwards chime in.

Know your terms.Looking during genuine estate or vehicles? Make certain we do your research beforehand as well as know the terms. How much is due the day of the auction? How long do we have to secure financing, etc?

Find out when vast equipment need to be picked up. If we finish up shopping the couch as well as you’re in your Prius, most auctions have an swap collect up day or the deadline for removing your items. Make sure, before we bid, which if we can’t take it which day we can come an additional time.

Most of all HAVE FUN!! There have been bargains to be had as well as the good time!!

This has been the guest post by Krista from East Liverpool, OH
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