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Auction Tips Absentee Bids Best Price

1. Before traveling any considerable distance to the auction, you should obtain a catalog of items to ensure the goods for sale are what you require. Certain auctions can be subject to cancellation at short notice and it is therefore a good idea to phone on the morning of the sale to confirm the sale is going ahead.
2. You should inspect the items thoroughly as most auction items are sold without guarantees, if items are described as faulty check that the faults can be easily repaired, sometimes you can test the goods before the auction starts, ask the auctioneer if this is possible. Some motor vehicle auctions give you a period of time after the sale in which to return the vehicle if it is found to be faulty, again check this with the auctioneer prior to bidding.
3. Think about setting yourself a price limit on the goods you are interested in and "stick to it", how much would the item cost new with a guarantee Remember a "buyers premium" may be added to the final bid price at some auctions and local taxes may also be added to the price ( check the "conditions of sale" in the catalogue or consult the auctioneer before bidding )
4. Catalogues are not set in stone and items listed can change.
5. Listen out for any changes stated by the auctioneer in the description they give of the item at the start of bidding.
6. If you bid for the wrong lot, tell the auctioneer immediately, although you have a legal obligation once you have won the bidding the auctioneer may present the item for auction again, but this is purely at the auctioneers discretion and you may have to make up any difference if the final price is lower than your original successful bid.
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Fannie Mae's Fire SaleBarron'sThe Federal Housing Finance Agency has approved a big residential real-estate auction at Fannie Mae to help the mortgage giant unload its inventory of 122616 foreclosed houses. For the first time, the regulators are permitting Fannie Mae to sell houses ...and more » |
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Rawlings Auction, Appraisal & Realty LLC to Conduct Public Real Estate Auction ...MarketWatch (press release)TANEYTOWN, Md., Jan 12, 2012 (GlobeNewswire via COMTEX) -- Rawlings Auction, Appraisal & Realty, LLC [ www.rawlingsauctionservice.com ] announces a public real estate auction of a commercial property in Taneytown, Md., on January 27, 2012, at 3pm, ...and more » |
 Antiques and the Arts Online |
Alderfer Auction CompanyAntiques and the Arts OnlineReal Estate Auction @ 1220 Hay Road; Temple, PA Attention Investors! Bank owned property selling for $100000 or above! Stone farmhouse on 4.28 acres zoned R3. Recent additions to the farmhouse are ready for completion. Seller financing available for ... |
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ENPRO buys fraser siteThe Daily News of NewburyportAt the start of yesterday's auction, McInnis told the roughly three dozen people on hand that Provident Bank would entertain written offers for the personal property in its entirety after the real estate auction concluded.and more » |
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Auctioneer's advice: Schmidt says don't overlook planning processAgri-ViewWhen it comes to having a cattle, equipment or real estate auction, many producers are often overwhelmed with the process. To help alleviate the stress, they commonly turn to an expert for advice and guidance. One such authority is Rick Schmidt of ... |
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