Archive for the ‘scottsdale auctions’ Category

Scottsdale Auction: How to Properly Inspect Items before Bidding – Part 2

Thursday, May 10th, 2012

Scottsdale auctions are a great place to find unique items at potentially great discounts.  You just need to make sure you inspect interested items thoroughly so you don’t pay more than an item is worth.  Brining along the proper tools for these inspections, such as tape measures, flashlights,magnifying glasses, reference guides and digital cameras, are critical to smart bidding.

Tools to Bring to Your Inspection

To thoroughly inspect items of interest, you need to have some things with you to help determine condition and value.  Reputable Scottsdale auction houses will go to great lengths to accurately describe items.  But, they won’t know, for example, if a table will fit in your home’s space.  Or, what value a certain item will hold for you.

Therefore, you need to bring some tools with you to give you as much information as possible regarding items you’re interested in.  With the auction house’s description and your findings, you should be able to make informed, good decisions about bidding.

Here’s what you need to consider bringing to a Scottsdale auction inspection.

  • Measuring Tool.  A tape measure, ruler or other appropriate measure device is important if you need to know if an item will fit in a particular space.  Or, if size determines value, you need to measure the item to arrive at an appropriate figure.

If dimensions are provided by in the Scottsdale auction house description, you need to verify them.  We’re all human and can make mistakes.  Keep in mind you are buying all items as-is, so if something doesn’t fit, you can’t return it.

  • Flashlight.  If you’re inspecting items in a dimly lit location, you need to add some light on the subject to make sure you see everything.  You need to look inside, outside, underneath – everywhere — to note any damage.  In the case of antiques especially, you also need to know if an item has been previously repaired.

You may also want to search for special markers.  Manufacturing names, models, dates and more are crucial information when analyzing an item.  You may uncover some interesting and valuable information about an item at a Scottsdale auction.

  • Magnifying Glass.  If you’re looking for information as indicated above, it may be too small to read with the naked eye.  Therefore, you need the help of a magnifying glass.  You can also see small cracks or other damage not readily visible.  In many cases, you can only determine the value of an object when you look at it close up.
  • References.  If you specialize in certain types of items, like art, antiques or other collectibles, you may have many reference books on hand.  Bringing these guides with you will help if you need answers about a certain item.

Also make sure to make note of all information about an interested item.  If you’re not sure about the maker or artist, for example, you can conduct some research online when you return home.  If you have access to an Internet connection at the auction house, you can always bring your laptop or tablet.

  • Digital Camera.  Expanding on the topic above, you should bring a digital camera or a cell phone with an integrated camera.  Then, you can write down the critical information about an object and take various photos of it as well. If you know experts in a particular item, you can always provide a photo to get some input.

Scottsdale auctions are a great place to find unique items at potentially great discounts.  You just need to make sure you inspect interested items thoroughly so you don’t pay more than an item is worth.  Brining along the proper tools for these inspections is critical to smart bidding.

Scottsdale Auction: How to Properly Inspect Items before Bidding – Part 1

Monday, May 7th, 2012

Attending a Scottsdale auction can be a wonderful experience.  But, serious bidders always prepare appropriately before auction day.  To avoid getting caught up in the excitement of a live auction, inspecting items before you bid is the single more important thing you can do to avoid making a bad investment.

Too often beginners skip the inspection step and see the item for the first time when it’s held up on the auction block.  It’s almost impossible to tell if the item is damaged or determine its true value.  To make an informed decision, you absolutely must inspect the item prior to bidding at a Scottsdale auction.  Only then can you determine an appropriate value for the item’s condition.

For the purposes of this discussion, we’ll assume the Scottsdale auction involves merchandise brought to an auction house.  Because so many types of auctions exist, we’ll cover general good practices for this type of auction.  We won’t attempt to provide inspection advice for a livestock or home auction!

Preparing for Item Inspection

The first step in your inspection process is to find out the scheduled times and places.  The auction house will often have this information available well in advance of auction day.  Special times will be set aside for interested bidders to inspect each item up for auction.  In larger Scottsdale auctions, you’ll have an opportunity to inspect items one or two days prior to the auction, as well as before bidding begins on the auction day.

To make the most of your inspection, you’ll need to bring some tools along.  A complete evaluation using your tools will help you decide if you want to bid on an item and the maximum amount you should be willing to pay.

In part two we will list what tools to bring to your auction inspection.

Check our our upcoming Scottsdale auctions or contact Auction Systems today for more information.

Scottsdale Auction: Benefits of Buying and Selling Property (Part 2 of 2)

Monday, February 27th, 2012

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

A Scottsdale auction is conducted locally and draws auction goers from all around the Phoenix Valley. A Scottsdale auction doesn’t have the involvement of any government authority nor are there any federal rules that have to be abided by. These types of auctions are often excellent ways to buy and sell property that otherwise could be difficult or costly to purchase or sell.

Buyers are not the only party that has the benefits of attending a Scottsdale auction. Sellers can quickly unload a property and save money putting up their property or home for auction by avoiding fees and royalties a realtor charges. The seller’s benefits of a Scottsdale auction include:

  • Closing dates are set and is typically within 30-45 days from the auction
  • Property auctions reveal the true market value without the markups
  • Properties are sold as-is with no contingencies
  • Sales prices can often exceed expectations due to the competitive nature of bidding
  • No fees for the seller, commissions are paid by the buyer
  • Free marketing program from the auction house that increases visibility

Depending on the Scottsdale auction, sellers can choose how to list their lot to ensure they receive the minimum they will accept to sell the lot. There are typically three different types of auction listings to choose from, including:

  • Absolute Auction
  • Subject to a minimum bid, without a published reserve
  • Minimum bid, with published reserve

In an absolute auction there is no reserve or minimum price and as long as there is at least one bid on the lot, the lot will be sold. The property is sold to the highest bidder, regardless of the price. Buyer excitement and participation are often heightened during an absolute auction since a sale is guaranteed. This can be risky for the seller; however, as there is no minimum price and the potential for losing money on the lot is possible.

A Scottsdale auction where the property is subject to a minimum bid without a published reserve price, the seller reserves the right to accept or reject the highest bid after the auction. A seller can predetermine the price at which the property is sold at and is not obligated to sell their lot other than at a price that is acceptable to them.

When a minimum bid is set with a reserve, the lowest price the seller is willing to accept is stated. Bidding is started below the minimum selling price and once that minimum selling price is reached the property will be sold to the highest bidder.

As you can see, there are many benefits to buying and selling at a Scottsdale auction and obtain great deals if you are a buyer and have the opportunity to sell at top dollar without the hassle if you are a seller. Find an auction in your area to learn more about the auction process and see how you can benefit from attending and participating in an auction in Scottsdale.

Take a look at our Scottsdale auction schedule or contact Auction Systems today for more information.

Scottsdale Auction: Benefits of Buying and Selling Property (Part 1 of 2)

Thursday, February 23rd, 2012

A Scottsdale auction is conducted locally and draws auction goers from all around the Phoenix Valley. A Scottsdale auction doesn’t have the involvement of any government authority nor are there any federal rules that have to be abided by. A Scottsdale auction is conducted according to the will and to the rules set by the auction company where the auction is being held. These types of auctions are often excellent ways to buy and sell property that otherwise could be difficult or costly to purchase or sell.

There are several reasons why a Scottsdale auction can be held. Auctions typically feature seized property, police confiscated items, business liquidation items, bankruptcy assets and more. You can find anything from antiques, jewelry, vehicles, land, electronics and just about anything else you can think of at a Scottsdale auction. Some of the most popular auctions included property and foreclosure auctions.

There are many benefits to buying items at a Scottsdale auction, especially when it comes to bidding on property and homes. Some of these reasons include:

  • Purchasing and closing dates are set
  • The seller is committed to sell, buyer is reassured of deal
  • Elimination of extended negotiation periods, no going back and forth
  • Buyers are determining the purchase price, no inflated markups
  • Sells usually sell a property for less than its value at auction

As you can see, the benefits for buyers extend past simply saving a little bit of money. You can often find land or homes at auction that are significantly undervalued and you are reassured you are not overpaying when other bidders and competitively bidding on the lot.

Check back for part two of this post! In the mean time, contact Auction Systems for more information on Scottsdale auctions.

Scottsdale Auction Tips: Get Incredible Discounts on Brand New Items, Part 2

Wednesday, July 6th, 2011

In part 1 of this blog post we discussed the fact that Scottsdale auctions offer attendees an incredible opportunity to purchase high quality merchandise at a fraction of retail prices and provided a few auction preview tips to help attendees get the biggest bang for their buck. In this blog post we will discuss the importance of researching the items your are considering purchasing and determining your high bid for each of these items.

Doing Research

After you have initially previewed the item you are considering buying, you should go to the local library or return home to conduct some research. Research the items you are considering purchasing on the internet to find information about the product value, repair costs, devaluation and current value of similar products to ensure you do not overpay for an item.

 

Determining the High Bid

After conducting your research, use the information you gathered to determine the highest price you will pay for each item you are considering purchasing. If you are purchasing an item in order to sell it for a profit, consider all the costs involved in the purchase including taxes and transportation. Once you have determined your high bid make a note and stick to this bid. This may be difficult but this is the best way to avoid overpaying for an item and ensure you are getting a good bargain.

 

For more information on how to get incredible discounts at a Scottsdale auction, continue to visit our blog or contact Auction Systems Auctioneers and Appraiser.

 

Southwest Auctions: Bargain DIY Tools, Appliances and More, Part 5

Friday, June 10th, 2011

In part 4 of this blog post we discussed how quality auction houses will allow you to inspect DIY items prior to Southwest auctions, which provides you the certainty of knowing what you are purchasing. In this blog post we will discuss how Southwest auctions commonly feature high quality new and used DIY items.

High Quality Items

Contrary to popular belief, you can purchase high quality do-it-yourself tools, appliances, fixtures, furniture and furnishings at auction. These items can be both new and used but are always well-kept quality merchandise.

 

For more information about purchasing do-it-yourself items our Southwest auctions, contact Auction Systems Auctioneers and Appraiser.

Scottsdale Auctions: Bargain DIY Tools, Appliances, Fixtures and More

Wednesday, June 1st, 2011

Are you a do-it-yourself home remodeler? Are you looking for new ways to save money on home improvement costs? Then you have come to the right place. This blog post will discuss the advantages of buying at auction and how purchasing at a Scottsdale auction house is a great way to save money on do-it-yourself tools, appliances, fixtures, furniture and furnishings.

 

The most obvious benefit to purchasing do-it-yourself items at a Scottsdale auction house is the opportunity to purchase these items at a fraction of retail price. Additionally, there are number of other benefits to purchasing items from a Scottsdale auction house including the opportunity to purchase high quality, new and used do-it-yourself items, inspect items before purchase and dictate the cost of items purchased.

 

Read more about purchasing bargain DIY tools, appliances and more at Scottsdale auctions in part 2 of this blog post or for more information about our Scottsdale auctions, contact Auction Systems Auctioneers and Appraiser.

 

Scottsdale Auction Industry: Be Careful What You Say

Monday, April 25th, 2011

 

Are you an owner or executive in the highly competitive Scottsdale auction industry? Are you concerned about your relationship with your competitors and looking for information on how to improve these relationships? Then you have come to the right place. This series of blog posts will discuss the dynamics of competitor relationships as well as provide information on how to build quality relationships with your competitors.

 

This is the time of year when the weather warms up, as do our feelings towards our fellow man. It is a time when we should be cognizant of our actions and of our words. This is a period of reflection on the past and anticipation of upcoming events as spring blooms. It is also the season where we believe we can bring about change in our lives. It is with this sentiment in mind that I implore you to watch what you say, especially about your Scottsdale auction competitors.

 

For more information about competition in the Scottsdale auction industry continue reading this series or contact Auction Systems Auctioneers and Appraisers.

 

Scottsdale Auction: Payment, Pickup & Shipping – FAQ’s

Sunday, July 11th, 2010

This post will provide answers to frequently asked questions regarding paying, picking up and shipping at Scottsdale auctions. It will answer questions such as: How much does it cost to participate in Scottsdale auctions? How do I know if I won a bid or bids?   Do auction houses usually ship my purchases directly to me? What forms of payment are commonly accepted at Scottsdale auctions?

Q: How much does it cost to participate in a Scottsdale auction? / How much is charged to my credit card when I register as an Internet bidder?

A: At most auction houses only the price of the winning bids you place plus sales tax, if applicable and shipping if you choose not to pick your item up directly. There are no fees charged to bidders who are not winning buyers. Many auction houses do not charge Buyers Premiums fees. However the first time you place a bid in any auction your credit card is commonly authorized for $10. The authorization may appear for one to three days (depending on your banking institution) but is not a charge.

Q: What forms of payment do you accept for your Scottsdale auctions?
A: Most Scottsdale auction houses accept Visa, MasterCard, American Express and Discover Card. Commonly you may also pay in person on the day of the auction in Cash or Certified Funds.

Q: How do I know if I won a bid or bids?
A: Shortly after the Scottsdale auction has ended, you will receive an email from the auction house indicating the items won and the amount charged to your credit card.

Q: Do I have to pay sales tax on Internet Auction items?
A: Yes, unless you are registered with an out of state address and your items are shipped out of the state of Arizona. If you are a valid Arizona reseller, you can submit at tax exemption certificate to the auction house. If you are buying for personal use you will be charged sales tax of 8.3%.

Q: When do I have to pay for my purchases?
A: Most commonly at the end of the auction when all items are sold, your credit card on file will be charged. You may also commonly come to live Scottsdale auctions and pay for your purchases prior to the end of the auction however you will need to bring a valid form of payment such as Cash, Cashier’s Check or credit card in order to pay for your purchase(s).

Q: May I pick up my purchases from an auction?
A: Yes, most auction houses allow you to pick up your purchases on auction day prior to the close of the auction at the auction location. Most auction houses also allow you to come the first or second business day following the auction and retrieve your purchases at that time.

Q: May I send someone else to pick up my purchases?
A: Most Scottsdale auction houses allow this if you have paid in full and signed a third party release for a representative to pick-up your purchases.

Q: Can an auction house ship my purchases directly to me? / How do I know how much shipping will cost?
A: Yes most Scottsdale auction houses can ship to you for the cost of shipping and handling plus exact shipping charges. For larger items such as pallet lots or vehicles you will need to arrange for your own shipping of these items at most auction houses.

For more information about a Scottsdale auction, contact Auction Systems.

Selling Tips For Scottsdale Public Auctions, Part 2

Wednesday, April 28th, 2010

The quickest way to secure capital from unproductive assets is by selling at a public auction. Auction Systems offers three types of public auctions to serve the needs of clients selling at auction: Live Auctions, Simulcast Auctions, Internet Only Auctions and we also offer Private Auctions.

Simulcast Selling at Auction Methodology
Simulcast Auction combines the live public auction method along with the Internet. Assets can be liquidated on location at your business, home or at our warehouse. Your merchandise appears for sale on the Internet at the same time as in the live public auction. Merchandise is photographed and a description is written for the asset – this information is placed on the Internet at least one week prior to the live event and allows Internet participants to preview and leave proxy bids for item(s) they want to purchase. On auction day, the buyer may either attend the public auction in person or bid from their home or office computer, bidding in real time against other live and Internet auction bidders. The simulcast selling at auction method takes longer to administer and set-up, however the additional revenue created from a worldwide audience can be substantial for our sellers.

Internet Selling at Auction Methodology
Internet Auctions are typically used as a way to sell special collections and small antiques that only appeal to a very selective buyer base. Assets are brought to our Internet sales division, and each item is photographed, a description is written for each item, which is posted to an Internet auction such as E-bay. The process of selling at auction on the Internet only auction is the longest auction to administer because of the length of time it takes to research the items for auction; however in special situations it produces the highest possible revenue for our sellers.

For more information about public auctions or more selling tips, contact Auction Systems Auctioneers & Appraisers.

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