Archive for February, 2012

Tempe Seized Property Auction: Foreclosed Homes and Properties (Part 1 of 2)

Wednesday, February 29th, 2012

If you are looking to purchase a piece of land, a home, a vehicle, or virtually anything else for a rock bottom price, the best place to go is to a Tempe seized property auction. A Tempe seized property auction is one of the best venues for inexpensive items simply because they are sold without concern for profit margin or overhead. There are a few things that you should consider when searching to for a Tempe seized property auction in your area or online.

Finding a Tempe seized property auction is fairly simple if you’re searching on the internet. Besides the classified section of your local newspaper, there are many online auction databases that list seized property auctions by city, county or zip code. These seized property auctions are usually planned several weeks or months ahead, giving you time to view the items and inspect any property that you are interested in bidding on.

One of the biggest issues that some people have with buying vehicles at government auctions is that sometimes they require some maintenance or have mechanical or cosmetic issues. It is possible that the vehicle was either not properly maintained by the previous owner or the vehicle was in some sort of accident. The auctioneer will make no guarantees about the condition of the vehicle; what you see is typically what you get and vehicles are sold as-is, where-is. You can find excellent values for auction vehicles, but ensure you closely inspect the vehicle before bidding.

We will continue our discussion about Tempe seized property auctions in part two of this series. You can contact Auction Systems with any questions.

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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.

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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.

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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.

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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.

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Phoenix Police Surplus Auction: Bidding to Get the Best Deal (Part 2 of 2)

Monday, February 13th, 2012

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

Attending a Phoenix police surplus auction can be exciting if it is your first or hundredth time attending. It is important to not let the adrenaline and excitement of the auction overcome you and make a mistake bidding on and item. You can find amazing deals at a Phoenix police surplus auction, but here are a few ways to ensure you get the best deal and your experience is a great one.

Stick to your original bid

It is easy to get caught up in all the excitement at phoenix police surplus auction. Its ok to have a good time, but don’t let your emotions effect your bidding. Know exactly how much you can bid on an item and stick to your number. That may be difficult to do, and unless you absolutely can’t live without the item, stick with your original bid amount.

Bid online

Several Phoenix police surplus auctions offer online bidding during and even before the live auction starts. This is beneficial to the bidder since you don’t have to be present at the auction to win an item and it allows you to take a lot of the emotion out of bidding. The major downside to online bidding, however, is you often can’t inspect the lot in person, although the items are often available for preview.

Be committed to your item

Many people take bidding at a Phoenix police surplus auction very seriously so it is important to remain committed to the item you are bidding on and be prepared to purchase that item once the auctioneer says, “Sold!” At that time, the item has been legally transferred to you and payment is due.

Remember that you can find a Phoenix police surplus auction throughout the Valley, so don’t get too disappointed if you don’t win the item you were bidding on. You can always find unique items at great deals and there is no shortage of items coming in to the Phoenix police surplus auction.

For more information on Phoenix police surplus auctions, contact Auction Systems today.

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Phoenix Police Surplus Auction: Bidding to Get the Best Deal (Part 1 of 2)

Friday, February 10th, 2012

Attending a Phoenix police surplus auction can be exciting if it is your first or hundredth time attending. It is important to not let the adrenaline and excitement of the auction overcome you and make a mistake bidding on and item. You can find amazing deals at a Phoenix police surplus auction, but here are a few ways to ensure you get the best deal and your experience is a great one.

Register in advance

Phoenix police surplus auctions are popular to attend, so register early if you can. There will be plenty of people attempting to register the day of the auction, so this will save you time and allow you to see if there are any other items at the auction you want to bid on.

Condition check

The majority of auction houses allow a preview of the items that you can bid on for an upcoming Phoenix police surplus auction. The most important detail of successful bidding is checking the condition of the item you want to bid on. An item being in rough condition, even if it is an antique, does not mean it isn’t worth bidding on. Some items that are in less than perfect condition still fetch a tremendous amount of money.

Don’t bid spontaneously

A beginner mistake is while waiting for your item to come up to the lot, you become anxious and see that another lot is selling at a low price and you decide to jump in on the action. You might get a good deal on the item but then later realize the item is in poor condition because you didn’t get a chance to perform a condition check on it before the auction began.

In part two of this series, we will continue to discuss how to get the best deal at a Phoenix police surplus auction. For more information, view our auctions page or contact us today.

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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.

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