Avoid These Five Common Mistakes When Attending Government Auctions

Common mistakes to avoid at government auctionsIn today’s blog post we want to go over some of the most common mistakes that people make when attending government auctions. Avoiding these costly mistakes could save you a lot of time, effort, and money while you are still learning the ropes. The five most common mistakes to avoid are:

Being Too Eager to Bid at Your First Auction

We always tell people that they should attend a few auctions and get a feel for the whole thing before actually placing any bids. That’s why we recommend that you hold off on bidding at your first auction unless the price is so ridiculously low that you would walk away with an insane deal. Besides, there are som many different auctions going on all over the United States, the one you are currently attending will certainly not be your last. If, however, price is not a factor for you, or if the item you want is so unique that you will never find it again (doubtful), then feel free to disregard this advice.

Not Using Professionals to Your Advantage

For any auction you plan to attend, there will almost always be professional auction-goers in attendance. These could be used car salesmen, computer dealers, discount store owners, etc. Don’t be intimidated by these people; they can actually help you! Since they have experience, you can use them to better formulate a judgment of the merchandise up for auction. If they are bidding aggressively that could be a sign that the items are a good value. You can also usem to gauge the value of a particular item. Since a dealer needs to make a profit, he will usually stop bidding at the point where his profit is less than what he wants to make. However, that doesn’t mean that you cannot bid past this amount. For example, if you are buying a car for personal use, then you can certainly bid a bit more than the dealer and still come out paying much less than if you were to buy the car at retail. Your advantage here is that you are not motivated by profits, you just want to pay less than you would buying elsewhere.

Getting Auction Fever and Not Setting Your Limit

Once an auction begins many people seem to get swept up in the excitement and fast pace, throwing all caution to the wind. The auctioneer can spot a bunch of newbies, and he will use that against you. Remember, his job is to get the highest price possible. He will jump from one bid to the next ($100 to $200) without stopping in between if he thinks people will give him his price. That’s why you should have a set limit that you are willing to pay for an item. No matter what happens, you will not go past this amount. You can also try to slow down the pace by offering less than the amount the auctioneer is asking for.

Not Staying Until the End

Many auction-goers make the mistake of not sticking around until the end of an auction, even though this is where some of the best deals can be had. At the end of an auction, much of the merchandise may have been sold and many of the auction-goers gone home. At this point many of the participants might simply be bored or exhausted by the auction, so you can get a great deal. Also, if a bunch of similar items have recently been sold (10 computers of the same model), then most of the people who wanted that item have most likely purchased it already. The items towards the end will typically fetch lower prices.

Not Reading the Terms and Conditions

This is one of the most common mistakes we see people making. If you’re going to spend time attending an auction, then at least spend some time reading the terms and conditions. Before attending the auction find out as much as you can about the merchandise. For example for auto auctions, you might be able to get a list of cars and VIN numbers, which should allow you to do some preliminary research. You might decide that the auction is going to be a waste of time before you go.

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Single Family Home In Jacksonville, NC: The Perfect Place to Settle Down

jackToday’s first auction deal of the day is for this lovely home located in Jacksonville, North Carolina. This property contains 1,275 square feet of living space that sits upon a 0.36 acre lot. Inside of the home you’ll discover 3 spacious bedrooms, 2 bathrooms, a large family room, dining room, eat in kitchen, attached garage, paved driveway, and a giant fenced backyard. The property itself is in great condition both inside and out and would make the perfect starter home for any family. The current asking price for it is just $36,500 with 2 online bids already placed. This auction will be ending in just a few short weeks, so if you’d like to learn more about it and how to participate in the online auction, then all you have to do is click here to activate your 3 day free trial account.


2001 Scotbilt Mobile Home: Need a Trailer?

scotbiltHave a look at this next auction deal for a 2001 Scotbilt Mobile Home model 146023, that is now up for online auction and is awaiting your bid! This 5 axle travel trailer measures 14 x 64 feet and has a wind zone rating of 2, a climate zone of 3, and a roof load of 30 PSF. Inside of the trailer you’ll find 3 bedrooms, bathroom, and living/entertainment room. The trailer itself is in decent condition both inside out. The inside needs some new wallpaper and a paint job, but is in otherwise good shape. The current asking price for it $7,700 with 4 bids already placed and just a little over 2 days remaining. An inspection of this trailer is strongly encouraged, so if you’d like to find out more about it, then all you have to do is click here to start your 3 day free trial account!



1985 Boston Whaler Boat With Trailer: For $300 It’s a Steal!

whalerLooking for an insanely cheap deal on a boat? If so, then you’ve come to the right place because now up for online auction is this 1985 Boston Whaler boat with trailer. The boat is being sold without a motor but is in good condition. A 15 foot long trailer is also included in the sale. It will have to be used in order to transport the boat off of the lot. All you need to do is add an outboard motor to this boat and you’ll be ready to fish or cruise the open waters! The current asking price for this used boat and trailer combo is just $300 with 3 online bids already placed. This auction will be ending in exactly 4 days, 2 hours, and 23 minutes so be sure to click here right now in order to learn more about it!



2008 Jeep Liberty SUV: Doesn’t Get More American Than This!

liberUp next is a fantastic deal on an SUV that we just had to tell you about. Now available for online bid is this 2008 Jeep Liberty! It’s got a shiny eye-catching red exterior, a 6 cylinder engine, automatic transmission, four wheel drive, power windows, power seats, power door locks, power brakes, power steering, cruise control, air conditioning, leather interior, hardtop, power sunroof, AM/FM/CD stereo, Navigation system, factory wheels, and just over 52k miles. The vehicle is in great condition both on the inside and out and only has some minor scuffs on the bumpers. The current asking price for this vehicle is just just $10k with 3 bids already placed. This auction ends in exactly 2 days, 22 hours, and 4 minutes so hurry up and activate your free trial now to learn more!


Beautiful Single Family Home in Covington, Georgia: Live Like a King!

covingtonLet’s start off today’s Monday auction deals with this charming property located in Covington, Georgia. This two story features 5 bedrooms and two full sized bathrooms on the second floor, an eat in kitchen, formal dining room with adjacent dry bar/serving area, covered back deck, unfinished basement, 2 car garage, paved driveway, and a spacious backyard. Additional amenities of the home include a gas/wood burning fireplace, matching kitchen appliances (oven/stove,microwave, dishwasher), private master bathroom with dual vanity sink, garden tub, and large shower, and much more. The property is in fantastic condition both inside and out with no defects, just a basement that needs finishing. The current asking price for it is just $100,000 with no bids as of yet. If you’d like to find out more about this property deal then all you have to do is click here to activate your 3 day free trial account.