What’s not to like about government auctions? When you go to one, you could easily find surplus and seized homes, vehicles, jewelry, and even pieces of furniture selling at a fraction of their regular cost.
Yes, government auctions exist; and yes, they’re a treasure trove of truly amazing deals. Here’s how to get the finds and none of the perils.
1. Look at everything with cynicism.
At government auctions, items up for grabs range anywhere from the brand new to the utterly beat up. You will not always be allowed to inspect everything - test drive a car, for example - so make sure whatever you’re bidding for will run or continue to stand long after you’ve won the bidding.
2. Do your research.
Before you place a bid, consider your options first. Sites like auctionsPASS offer comprehensive listings of the properties that are up for grabs.
3. Know the rules.
Are there entry fees? Prebid deposits? Taxes? Shipping costs? Buyer’s premiums? Take the time to ask about the forms of payment acceptable, too, as well as the return policy, if there’s one.
4. Ask for previews.
If you’re bidding on a luxury car, you won’t always be allowed to examine the merchandise. When this happens, simply do not place a bid. Who knows if the engine would start after they hand you the key?
5. Ask about warranties.
Remember, government auctions offer a wide range from items from the brand new to the beat-up. If you’re bidding on a new item, it’s possible it’s warranty is still in effect. This is great news for you. Whether it’s a car, a fender, or a blender you want to win, it wouldn’t hurt to call the product’s manufacturer and ask about the coverage of the warranty.
Government auctions teem with wonderful deals. Make them work to your benefit.
Click Here To Find Out More About Government Auctions
Recent Comments