Car Auctions In Mobile Alabama

Peterbilt Home On Wheels - YouTube
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GULF OF MEXICO FISHERY MANAGEMENT COUNCIL
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Resource Guide
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Featured Auto Auctions

Government Auctions Bidding Strategies from GovernmentAuctions.org®

The deals you find at any live government auction of seized or surplus property would undoubtedly astonish most of the public. You could save a great deal of money on a wide variety of assets. But where do you start? How you increase your chances of getting items you want for a really discounted price? What strategies can you use to increase your chances of coming away with a great deal? 

 

Here are some important bidding strategies to keep in mind:

 

  1. Set a limit and stick to it

This rule is vital information if you want to win items at a substantial discount. First, scout out the item(s) that you intend to bid on with the aid of GovernmentAuctions.org® listings. Then do proper price research to figure out what an item’s value is (with the aid of used merchandise price guides at GovernmentAuctions.org®), and use it to set a maximum bid you’ll be willing to make for that item. Hint: set your maximum bid at at least 20% less than the value of the item, and don’t bid even remotely more than your max. This rule is single-handedly the most important directive you should follow come auction day. Keep your maximum bid always in mind, so you don’t catch auction fever and overbid. You can use GovernmentAuctions.org® to see some recent government auction sale prices. 

  1. Don’t let the auctioneer do the bidding for you

When soliciting bids for a particular item, the auctioneer will frequently suggest bids like, “Do I hear $500?” or “Can I get $750?”  If you think that is the lowest you can bid…it’s not. The auctioneer will try to control the flow of the auction this way, but don’t ever feel compelled to give into the auctioneer's suggested. If you are not comfortable bidding as much as is asked for, bid whatever you feel is appropriate. So, lets say the current bid on a flat screen TV is $400, and the auctioneer yells, “Can I get 800?” You can easily raise you bidder number, and yell “$450.” In other words, don’t let the auctioneer do the bidding for you. 

  1. Try to bid on items in the beginning and end of the auction

Statistically, items that come up in the beginning and end of auctions tend to have lower bids for various reasons. “Why?" you ask. Well, many bidders come late and many others leave early. Moreover, many bidders have exhausted their funds by the end, and so there is less competition. This doesn’t mean you should avoid the items that come up in the middle of an auction if those are the items you wish to acquire. A corollary here is that you yourself should get to the auction on time (and stay till the end) to take advantage of these opportunities.  GovernmentAuctions.org® lists the starting times of the auctions, so you can use it to plan your early arrival.

  1. How to bid against professionals

A lot of times you will see professionals – such as used car dealers, jewelers, and others – bidding. You might be inclined to think that bidding against them would damper your odds at snagging a good deal. In fact, the opposite is true. Non-professionals are generally the folks that drive up prices, especially ones that have no clue as to the value of the item they are bidding on. Professionals, on the other hand, have usually done their legwork, and you can sometimes use their expertise to your advantage.

A professional or dealer obviously knows the value of the item that he is bidding on. Often the dealer will drop out of the bidding at a certain point because the price has gone too high in his estimation. What you need to realize is that the dealer typically sets his maximum bid by discounting from it the profit he wishes to make on the resale. This means that once a professional feels like he won’t make the desired profit, he’ll drop out of the bidding. This may give you a chance to offer just a small amount more, and -- if you are the top bidder at that time -- you may walk away with a bargain. It is imperative, though, that, when employing this strategy, you still never go above your own maximum bid.

Now that you have some bidding strategies under your belt, if you haven-t already- Activate your FREE TRIAL ACCOUNT at GovernmentAuctions.org®!