Tuesday, July 17, 2018

How To Successfully Bid At Phoenix AZ Auctions

By Frank West


It's always good to prepare yourself for any upcoming auction so that you can take advantage of the opportunity. You could find a very valuable item at an affordable price that you can't find anywhere else. However, preparation is important. Therefore, check the checklist below before attending any Phoenix AZ auctions.

Information is your friend. Therefore, get as much info about the event as possible. Know the type of items that will be auctioned, the venue, and possible competition. This will help you prepare and make better decisions even before the day arrives. If you're allowed to visit for preview, then take advantage of the opportunity.

Keep time when you're attending an auction. There are many things that take place before the actual process begins. For example, some auctioneers will allow you to view the various items being auctioned. Remember that you will also have to register. Therefore, it is always advisable to arrive at least one hour before the bidding begins.

Mark the absentee bids. These are items that have already been bid on but the bidders are not present at the event. They could have mailed or sent their bids through other means. In such a case, you will notice that the bid will start way below the actual tag price. You could also benefit from this process so understand how it works.

Never be in a hurry. When you're at an auction, you should act like a boss. Stay calm and take your time before you raise your hand. You should observe the environment and see what others are offering before you make your move. You might make the wrong moves by being too quick to raise your card.

Check out the items that have received no interest. Sometimes, people may lack an interest in particular items. The auctioneer will be forced to set these items aside and mark them as none sold. However, you can still buy them if you approach them and give them an acceptable offer. However, it's advisable that you wait until the auction is over before you approach the house.

Be careful when bidding for items marked as not sold. Some auctioneers will place some items aside so that they can raise the interest of the audience. People might begin to think that the items are quite valuable. However, sometimes this might not necessarily be true. Therefore, do not be in a hurry to make a bid for such items.

Stick to your budget. Before you arrive at an auction, have the price of items in mind so that you know how much you should spend. Sometimes, if you're not careful you might get caught in a bidding war. This might force you to buy something way higher.

Know the accepted terms of payment. You'll always be required to make a deposit then clear the balance at a later date. However, this may not be the case with all auctions. Some auctioneers may also require that you place a refundable deposit when you are picking a bid number. In addition, you should also know how you are expected to pay; whether it is credit card or other means.




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