By Frank West


If you know that an auction coming up, the best way to prepare is to have the right information to help you make the best of opportunity. Most sales occur in the summer when most people are easily available. If you are planning to attend the coming Phoenix AZ auctions then you should consider using the tips provided below.

Start by conducting a thorough research. You need to know how the sales take place. You can miss an opportunity simply because of lack of information. Therefore, take your time and research well so that you can know every step and the right time to place your bid. There might be a difference in how different auctioneers handle the process but the general rule is just the same.

Punctuality will save you a lot. Do not arrive once everyone has sat and the auctioneer has rung the bell for the process to begin. If you miss the introductory part, you'll have missed out on a lot of critical information. Arriving early not only helps you register in time but also gets you acquainted with the process and the items.

Be careful when dealing with absentee bids. Some items will not be mention with the original tag price. You might notice that the auctioneer may mention a much lower price. This could be an indication that there are people who have sent their bids which are way below the marked price. If you place a slightly higher bid, then you could walk away with these items.

Never be in a hurry. When you're at an auction, you should act like a boss. Stay calm and take your time before you raise your hand. You should observe the environment and see what others are offering before you make your move. You might make the wrong moves by being too quick to raise your card.

Check the items that no one has bid for. Sometimes, the auctioneer will call out an item and no one will respond. Such items will be placed outside and marked as not sold. However, if you approach the house later, you might negotiate and get the item at a much lower price than the tag price.

Be careful when bidding for items marked as not sold. Some auctioneers will place some items aside so that they can raise the interest of the audience. People might begin to think that the items are quite valuable. However, sometimes this might not necessarily be true. Therefore, do not be in a hurry to make a bid for such items.

Have a budget for every item you are to bid for. It's always advisable that you be prepared. If you don't know how much you want to spend, you might end up placing a higher bid than the money you are willing to spend. If you notice that the bid value has gone too high, just quit if you're not ready to spend that much.

Check the terms of payment. Know the amount of deposit required and any other charges. Also, check the means of payment that is acceptable.




About the Author:



Axact

Money Making

I am passionate about educating university students about money and careers, and have been doing so since 2007. I see the same confusion and mistakes being replicated every year. The way I help is through Save the Student. I'm always on the look out for new contributors, so get in touch if you're wanting to get involved! Aside from the site, my main interests are travelling, writing, photography, webdesign, sailing, football and cycling.

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