Auction buyer tips will help you avoid common mistakes made by Scottsdale auction buyers. Read up on laws, rules, bidding tips and buyer rights below:
Auction Buyer Tip #1: Do not mistake Scottsdale auctions for retail sales. The two have very little in common. Auctions are different from retail because auctions are governed by federal laws, state laws, Uniform Commercial Codes and city ordinances. When you bid at a Scottsdale auction you actually enter a legal contract.
Auction Buyer Tip #2: You must have a bidder’s card in order to buy at the Scottsdale auction. To obtain a bidder’s card, you must put down a deposit for a bid card. This insures that you will pay for all your purchases that you bid on. Once you pay for your items or decide to leave the auction without purchasing any items, your deposit is immediately returned to you. If you do bid and win, your deposit is applied to the purchases.
Auction Buyer Tip #3: Be careful when you bid on lots. Know how much you are bidding and whether you are bidding against your spouse, parent, sibling or friend. Although you can retract a bid while the bidding is open, you cannot retract it once the auctioneer has said “sold.” Auctioneers expect you to take full responsibility for your bids.
For more information about Scottsdale auction houses or buying tips, contact Auction Systems.
Tags: Scottsdale auction
