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.
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.