Az Surplus Auction Strategy: It's All In The Technique

Whenever a company, group or organization owns more of something than is required

, an AZ surplus auction may be held to quickly liquidate the extra resource into cash. It offers the seller the advantage of rapid liquidity, while the buyer gets a great deal at below market value. At a surplus auction, you can find just about everything, including computer equipment, electronics, furniture, vehicles and even sometimes real estate.

An AZ surplus auction naturally features a competitive bidding process, and here is where strategy comes into play. There's an art to buying at auctions. Like the Kenny Rodgers song has been known to quote, you've got to know when to show them and when to fold them. You've got to know the good deals from the bad. You've got to do your homework and know what you are buying. Deals can be had, but they need to be spotted first.

Inspect Beforehand

At an AZ surplus auction, it's important that you first inspect the goods up close. Always attend preview of any auction you plan to participate in. Handle the equipment. Plug it in and see if it works. Write down the makes and models for any equipment you are interested in and then research it online. Find out the going rate. You don't want to make a high bid, only to find out you could have gotten it a lot cheaper on Ebay.

Set a Bidding Limit

Always decide what you are willing to spend before the bidding kicks into gear at an AZ surplus auction. Set a limit, and stick to it. The bidding process can get competitive and exciting, and it's easy to go overboard. You won't be getting a deal if you bid higher than what the item is really worth in the first place. Keep your head and the bidding on your own two shoulders.

Be Ready to Pay

Always be ready to pay the day of the auction. Look into finding out the best form of payment. Cash or credit card is best. You'll have to settle all bids by the end of the day, and you are held accountable for any bids that you make.

Remember the Extra Math

There are always extra fees involved in any AZ surplus auction. Remember to add in any auction fees, as well as state and local taxes. If you plan on reselling the items you buy, remember to add in these fees as well as any shipping and handling costs if you'll need to ship the items. Do the math to get a good understanding of the true cost of the items you are buying.

Put the economics of an AZ surplus auction to work for you. Some people have even been known to make a living off it, furnishing antique stores with items they buy at a discount and pocketing the profits. Know the auction process and develop a strategy so you know what you are buying. Auction success takes technique that can be refined and turned into a profitable skill. In this economy, AZ surplus auctions have become the bread and butter for many families.

by: Deb Weidenhamer

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