Archive for the ‘phoenix auctions’ Category

« Older Entries

Auction Systems Auctioneers & Appraisers Inc., to Host Marathon Auction Featuring Confiscated & Forfeited Property

Wednesday, April 18th, 2012

Auction Systems Auctioneers & Appraisers, Inc., will host a marathon auction featuring agency stolen and confiscated property, jewelry, tools, city surplus, school district supplies and equipment, electronics, appliances, computers, commercial equipment, restaurant equipment, sporting goods, household items, furniture, sports and entertainment memorabilia, and much more on Saturday, April 21, 2012.

Items of interest for this Phoenix marathon auction include:  ‘36 Ford Phaeton, ‘39 Cadillac, ‘07 GMC Sierra 1/2 ton extended cab, ‘06 Chrysler Town & Country, ‘03 Chevrolet K1500, ‘02 Ford Mustang convertible, Jennings pistol, Mauser 1944 bolt action rifle, Iver Johnson .32 revolver, Apple external hard drive, arcade games featuring Skee Ball, Cruisin’ World, Crazy Taxi and slot machines, Von Zipper sunglasses, “Moonlight Dreaming” by Robert Lynn Nelson, “Valley Of Peace” by Thomas Kincaid, Louis Vuitton wallet, True restaurant refrigerator, Milwaukee power tools, Bontrager, Giant and Specialized mountain bikes, plus much more.

“Nothing compares with the exciting atmosphere of an auction,” said Deb Weidenhamer, CEO of Auction Systems Auctioneers & Appraisers Inc.  “The competitive bidding process creates a win-win scenario for buyers and sellers.  Both parties know they’re more likely to reach fair market value at auction.”

The marathon auction will be held on Saturday, April 21, 2012 at 9:00 a.m. at Auction Systems located at 951 W. Watkins in Phoenix, AZ.  All of the items listed in the auction may be previewed and inspected by interested bidders on Thursday, April 19, 2012 from 4:00 p.m. to 6:00 p.m., Friday, April 20, 2012 from 10:00 a.m. to 2:00 p.m., and Saturday, April 21, 2012 from 8:00 a.m. to 9:00 a.m. one hour prior to auction.

Items will also be available for preview and online bidding beginning Saturday, April 14, 2012. Interested parties can visit Auction Systems’ Phoenix auction schedule, to preview and sign up for online bidding.

Tags: , ,
Posted in phoenix auctions | Comments Off

Phoenix Real Estate Auctions: The Most Frequently Asked Questions of Buyers (Part 1 of 2)

Thursday, March 8th, 2012

This is part two in a series discussing Phoenix Real Estate Auctions. To read part one, click here.

Phoenix real estate auctions have grown in popularity.  Today, more and more people are learning about auctions and how to buy property.  Investors have long used auctions as a way to find good real estate investments.  Now, the general population is taking advantage of property auctions in greater numbers as well.

Once you find good sources for Phoenix real estate auctions, you can begin to learn how they work.  The typical areas buyers ask questions about involve these topics:

  • Buyer’s Premiums.  These are fees tacked on to the winning bid.  Your total purchase price will be the winning bid amount plus the buyer’s premium.  These fees are typical to the sales commission paid on traditional real estate transactions.

For example, a $100,000 winning bid at Phoenix real estate auctions might include a five percent buyer’s premium.  The total the buyer would pay for the property then would be $105,000.

In some Phoenix real estate auctions, a service fee is charged instead of the buyer’s premium.  It covers the same things as the buyer’s premium, but it’s not part of the total purchase price.

  • Absolute Auctions.  These auctions are especially exciting because they have no pricing restrictions. In other words, the highest bidder wins the property regardless of how small the bid may be.  It’s important to check the auction type when looking at upcoming Phoenix real estate auctions.

Some auctions may require additional approvals after the winning bid.  For example, the seller or a court may have to approve the sale at the winning bid amount.

  • Buyer Benefits.  The great thing about a property auction is you know the buyer is motivated to sell.  They’ve entered into an agreement with the auction house and therefore must sell to the highest bidder if it’s an absolute auction.  If it’s another type of auction, the seller is still obligated to sell if the winning bid is at or above the reserve price (the minimum the property can sell for).

Also, the buyer knows he or she is getting a property others want and find desirable.  With competitive bids, the fair market price can be reached.  This provides good reassurance to the winning buyer.

You can also have a real estate agent represent you at the auction to make sure your interests are protected.  If you’re unsure of the property’s value, a good buyer’s agent can help by providing market comparisons and other expertise.

After you win a bid at a property auction, the sale proceeds must like a traditional real estate transaction.  You make a deposit after winning the auction that will be applied against the purchase price.  Then, the closing will be schedule at which point you will pay the balance due and sign the required documents.

For more info on Phoenix Real Estate Auctions, contact us or visit our Phoenix Auctions page today.

Tags: ,
Posted in phoenix auctions | Comments Off

Phoenix Real Estate Auctions: The Most Frequently Asked Questions of Buyers (Part 1 of 2)

Tuesday, March 6th, 2012

Phoenix real estate auctions have grown in popularity. Today, more and more people are learning about auctions and how to buy property.  Investors have long used auctions as a way to find good real estate investments.  Now, the general population is taking advantage of property auctions in greater numbers as well.

However, some may find Phoenix real estate auctions intimidating because they may not understand the process or terminology.  With a little research and attending an auction or two to get the feel of things, you can take advantage of a unique sales channel.

Learning the Basics of Phoenix Real Estate Auctions

The following information will provide a good knowledge base for buyers interested in participating in Phoenix real estate auctions.  The first question most buyers ask involves locating property auctions.  An Internet search can give you the names of auctioneers who conduct real estate auctions.

You should visit the websites of the auctioneers in your area.  An experienced auction house will have good information on their websites for you to educate yourself.  You can also see the schedule of upcoming auctions.  You might also be able to get on a mailing list to be notified of future auctions.

Once you find good sources for Phoenix real estate auctions, you can begin to learn how they work.  The typical areas buyers ask questions about involve these topics:

  • Property Previews.  Check the websites for Phoenix real estate auctions to get all the details on the properties.  You’ll often find a wealth of information including maps, valuations, open house schedules and more.

The first order of business if you find a property you might want to bid on is to drive by it.  Check out the external condition of the house and evaluate the neighborhood.  You can save valuable time by eliminating a property that doesn’t meet your expectations.  If you are interested, you can proceed with your research.

In part two of this blog post on Phoenix Real Estate Auctions we will discuss three additional topics. Continue reading our blog or check our our Auctions Page today.

Tags: ,
Posted in phoenix auctions | Comments Off

Phoenix Auction to be Hosted by Auction Systems Auctioneers & Appraisers Inc., Featuring Confiscated & Forfeited Property

Thursday, March 1st, 2012

A Phoenix auction will be hosted by Auction Systems Auctioneers & Appraisers, Inc., featuring vehicles, jewelry, tools, city surplus, school district supplies and equipment, electronics, appliances, computers, commercial equipment, restaurant equipment, sporting goods, household items, furniture and much more on Saturday, March 17, 2012.

Items of interest for this Phoenix auction include:  a 1931 Ford Model A truck, 2006 Dodge Durango, 1968 Thunderbird, 2003 Ford Mustang, iPhone, HTC, Droid and Blackberry Phones, “Crusin’ Exotica” arcade game, 55” Samsung television, GE Front Loader washer and dryer, Chicago generator, 50” Panasonic television, Ice Skee Ball arcade game, plus much more.

“With the number of vehicles up for auction, including vintage models, this police auction will be especially exciting for participants,” said Deb Weidenhamer, CEO of Auction Systems. “These auctions provide a great market for people interested in buying trucks and cars, as well as a wide variety of other items.”

This Phoenix auction will be held on Saturday, March 17, 2012 at 9:00 a.m. at Auction Systems located at 951 W. Watkins in Phoenix, AZ.  All of the items listed in the auction may be previewed and inspected by interested bidders on Thursday, March 15, 2012 from 4:00 p.m. to 6:00 p.m., Friday, March 16, 2012 from 10:00 a.m. to 2:00 p.m., and Saturday, March 17, 2012 from 8:00 a.m. to 9:00 a.m. one hour prior to auction.

Items will also be available for preview and online bidding beginning Saturday, March 10, 2012. Interested parties can visit Auction Systems’ Phoenix Auction Schedule to preview and sign up for online bidding.

Tags: ,
Posted in phoenix auctions | Comments Off

Public Auctions: The Different Types of Auctions (Part 2 of 2)

Monday, February 20th, 2012

This is the final part in a two part series on public auctions. To read part one, click here.

There are many different types of public auctions. The items at public auctions vary from each auction and although some auctions will have a wide array of items up for bid, some auctions are specific to the type of items that are up for bid. Public auctions are also known as government auctions and are held to sell property which is owned by the government or the properties which have been sold under the court law’s authority.

Public auctions are not limited to government-owned items. Public auctions can also include:

  • Surplus jewelry
  • Fiduciary trusts
  • Bank forced liquidations
  • School district equipment
  • City surplus equipment
  • Commercial restaurant equipment
  • US and foreign coin and currency
  • Watercraft auctions
  • Police auctions

Auctions that are conducted locally are known as local public auctions. Local auctions don’t have the involvement of any government authority and do not have to follow any government rules or auction guidelines. Local auctions are conducted according to the rules set by the auction company that is hosting the auction.

There is no telling what you can come across at a public auction. From pieces of property, houses, pontoon boats, firearms, household items, antiques, computers and electronics, tools and furniture, you can find it all at a public auction. If you are considering attending a public auction, choose an auction that you think will have the type of items you are interested in bidding on. Many public options allow you to preview the items before the auction so you can know exactly what is available and what condition the items are in.

The world of public auctions is quite diverse and exciting. You never know what you can come across and what sort of bargain you can find at a public auction. Since there are always new items being liquidated or confiscated by the government, there is always a new bargain to be found at public auctions!

Click here for our public auction schedule or contact Auction Systems today for more information on public auctions.

Tags: ,
Posted in phoenix auctions, Uncategorized | Comments Off

Public Auctions: The Different Types of Auctions (Part 1 of 2)

Thursday, February 16th, 2012

There are many different types of public auctions. The items at public auctions vary from each auction and although some auctions will have a wide array of items up for bid, some auctions are specific to the type of items that are up for bid. Public auctions are also known as government auctions and are held to sell property which is owned by the government or the properties which have been sold under the court law’s authority.

Public auctions can include many different types of items, such as surplus government equipment, abandoned property which the government has gained ownership of, or even government-owned land. At times it can even be intangible assets held for auction on which the government has the authority to sell. For example, frequencies which are used for broadcasting and mobile communication can be put up for sale at a spectrum auction.

Sometimes private properties are also sold at public auctions for a variety of reasons, such as any property that has been forfeited by the government by the judgment of the court or sometimes for liquidating a mortgaged property or tax sale. Public auctions are sometimes held for properties which are needed for things like partitioning between joint tenants who couldn’t find any way of partitioning the property.

The items that are auctioned in a public auction fetch less value than if the properties would have been sold on the market; so a public auction is non-profit for the government when it is done for liquidation of forfeited properties.

Public auctions are not limited to government-owned items, which we will talk about in part two of this series. In the mean time, contact Auction Systems for additional information on public auctions today.

Tags: ,
Posted in phoenix auctions | Comments Off

Phoenix Auction to be Hosted by Auction Systems Auctioneers & Appraisers Inc., Featuring Confiscated & Forfeited Property

Wednesday, February 1st, 2012

A Phoenix auction, hosted by Auction Systems Auctioneers & Appraisers, Inc., will feature jewelry, tools, city surplus, school district supplies and equipment, electronics, appliances, computers, commercial equipment, restaurant equipment, sporting goods, household items, furniture and much more on Saturday, February 4, 2012.

Items of interest for this Phoenix auction include: a Sony 50″ Plasma Television, Maurice Wideman “The American Collection” figurines, group of purses including Coach, Louis Vuitton and Michael Kors, autographed Paul McCartney and George Harrison photograph, Sony PSP, Garmin GPS navigator, Marge and Maggie Simpson 73″ fiberglass statue, Giant Rincon black mountain bike, Samsung home theater sound bar, Dagger Vengeance 93″ kayak, Denmark wood hutch, Hardt Inferno 3000 gas double deck rotisserie oven, Lang double stack commercial oven, group of five Panasonic CF-29 Toughbook laptops, plus much more.

“Phoenix auctions have a well deserved reputation for providing buyers a lot of bang for the buck” on all kinds of items,” said Deb Weidenhamer, CEO of Auction Systems. “With a wide selection of unique and appealing items, this upcoming Phoenix auction is no exception.”

The auction will be held on Saturday, February 4, 2012 at 9:00 a.m. at Auction Systems located at 951 W. Watkins in Phoenix, AZ. All of the items listed in the auction may be previewed and inspected by interested bidders on Thursday, February 2, 2012 from 4:00 p.m. to 6:00 p.m., Friday, February 3, 2012 from 10:00 a.m. to 2:00 p.m., and Saturday, February 4, 2012 from 8:00 a.m. to 9:00 a.m. one hour prior to auction.

Items will also be available for preview and online bidding beginning Saturday, January 28, 2012. Interested parties can visit Auction Systems’ Phoenix auction schedule, to preview and sign up for online bidding.

Tags: ,
Posted in auction systems auctions, phoenix auctions | Comments Off

Police Confiscated Items: How Personal Property Gets Sold at Auction (Part 2 of 2)

Friday, January 20th, 2012

This is the final part in a two part series, you can read part one here.

Benefits to Police Departments and Auction Participants

Auctioning items frees up space in police warehouses. It also reduces costs involved in storing, tracking and maintaining property.  And, auctioning unclaimed or seized items brings in much needed revenue to a police department to help them continue fighting crime.

The inventory of police confiscated items to be auctioned can be vast and diverse.  It’s not unusual to find very valuable goods for auction.  Products can range from cars and household goods, to jewelry and art.  By far, these auctions provide one of the richest assortment of confiscated items.

In addition, police auctions are held on a regular basis.  With police confiscated items stacking up as a result of ongoing criminal activity, you can expect auctions to be held at predictable intervals.

So, it’s typically easy to plan your purchases around auctions when police confiscated items become available.  You not only can get a special item at a reduced price, but you can also re-sell any great deal for a profit.

However, the major advantage of buying police confiscated items is you’ll often find amazingly low prices.  Since profiting from selling seized items isn’t the primary motive, police departments are more willing to liquidate warehouse inventories and sell items a lot cheaper than normal.

For additional information on police confiscated items, contact Auction Systems today.

Tags: ,
Posted in phoenix auctions | Comments Off

Phoenix Auction to be Hosted by Auction Systems Auctioneers & Appraisers Inc., Featuring Confiscated & Forfeited Property

Friday, January 6th, 2012

A Phoenix auction will be hosted by Auction Systems Auctioneers & Appraisers, Inc., featuring jewelry, tools, city surplus, school district supplies and equipment, electronics, appliances, computers, commercial equipment, restaurant equipment, sporting goods, household items, furniture and much more on Saturday, January 7, 2012.

Items of interest for this Phoenix auction include: a cast iron 23.5″ rocking horse, XBox 360 game console, Sigma Games Treasure Wheel slot machine, Bevco vintage 7Up cooler, Major 2016 combination safe, electric score board, and a Dixie-Narco 8-selection soda dispensing machine.

“Every month, we auction hundreds of confiscated items ranging from everyday electronics to one-of-a-kind collectibles,” said Deb Weidenhamer, CEO of Auction Systems’ Phoenix auction. “Depending on the item, it’s possible to save hundreds or even thousands of dollars off regular market prices.”

Whether you’re looking for vehicles, memorabilia, jewelry or electronics, you can usually find them at one of our Phoenix auctions.”

This auction will be held on Saturday, January 7, 2012 at 9:00 a.m. at Auction Systems located at 951 W. Watkins in Phoenix, AZ. All of the items listed in the auction may be previewed and inspected by interested bidders on Thursday, January 5, 2012 from 4:00 p.m. to 6:00 p.m., Friday, January 6, 2012 from 10:00 a.m. to 2:00 p.m., and Saturday, January 7, 2012 from 8:00 a.m. to 9:00 a.m. one hour prior to auction. Items will also be available for preview and online bidding beginning Saturday, December 31, 2011.

Interested parties can visit Auction Systems’ Phoenix auction schedule, to preview and sign up for online bidding.

Tags: ,
Posted in phoenix auctions | No Comments »

Phoenix Auctions: The Ins and Outs of Online Bidding (Part 2 of 2)

Tuesday, December 27th, 2011

This is the final instalment of a two part series. Click here to read part one.

Online bidding is a convenient and easy way to buy items at Phoenix auctions.  Although certain features may differ slightly from one auction to another, the overall process will be very similar.  By following some simple guidelines, you can bid successfully before and during the auction.  When you bid carefully, you can take advantage of the great deals auctions have to offer.

Bidding Online at Phoenix Auctions

Online bidding at Phoenix auctions generally can be done using two methods:

Proxy Bidding 

Usually one week prior to a live auction, the auction lots are available for online bidding.  If an item has no previous bids, the bid you’ll enter will be higher than the starting price.  If others have already bid on the item, you’ll enter the next required bid amount and a maximum bid amount, if desired.  The required bid amount will be displayed on the screen.

If you enter a maximum bid, this amount will be the highest dollar amount you are willing to pay for the item.  If your maximum bid is lower than another bidder’s, you will be notified online immediately after you place your bid that you have been outbid.  You can then decide whether to increase your maximum bid amount.  You will be e-mailed any time you are outbid during the time preceding the live auction.

Auction Bidding

Online bidding can either be concluded prior to the live auction or be done as simulcast bidding where you bid in real time with the live audience.  In Phoenix auctions that close online bidding prior to the live event, your bid (and maximum bid if you entered one) will be represented by an auction house staff member.  Your highest bid will be the starting point for bidding at the live auction.

If nobody in attendance places a higher bid than your current or maximum bid, you win the item.  If a live bidder places a higher bid than your maximum, you are outbid.  The auction service will keep you informed throughout the event via e-mail.  Your status on all bids will be updated either indicating your were outbid or you won.  Paid invoices for your purchased items will be e-mailed directly.

Simulcast auctions will follow the actual live auction.  You will be participating just as if you were present.  Since the pace is very quick, you’ll need to stay focused on your items and the bidding process.  You’ll have to enter your bids fast to make sure you have a chance of placing a winning bid.

Phoenix auctions may provide the ability to listen to the live auction through your computer’s multimedia capability.

What Happens After an Auction

You’ll receive an e-mail after the auction indicating whether you won.  If you were the successful bidder, you’ll receive a copy of a paid invoice.  Then, you’ll need to retrieve your items.

When you registered for a bid card, you probably had the option of having your items shipped directly to you.  If you aren’t having them shipped, you’ll have to pick up the merchandise at the auction location within the time allotted.

Online bidding is fun, fast and exciting.  It’s easy to get hooked on the process, so it’s important to thoroughly evaluate potential items.  Once you determine an item’s value, then you can set a maximum bid.  When you bid carefully, you can take advantage of the great deals auctions have to offer.

For more information on Phoenix auctions, continue reading our blog or contact Auction Systems today.

Tags: ,
Posted in phoenix auctions | Comments Off

« Older Entries

Get Email Updates & SMS Updates

Receive RSS Feeds
Visit Our Blog
ASRN Radio
About Auction Systems