Why Auctions and Why Buy at Auctions

ABOUT AUCTIONS

What is it that makes auctions so addictive? Why do people come once and then keep coming back? Why should you join them?

Auctions are fun

Whether you come to look at the goods,bid, or just watch the auction, there’s  nothing quite like a auction. Maybe it’s the buzz generated by a combination of competition and the thrill of the hunt. Or the auctioneer’s chant that always seems to amaze kids and adults alike. Regardless of the reason, people just always seem to enjoy themselves.

You can find great values

Whether you’re looking for your next antique or the house to put it in, there’s no place like a auction to get a great deal.

You can discover unique items

Some people go searching for them. Others stumble upon them while looking for something else. But either way, it’s safe to say there are thousand upon thousand of one-of-a-kind items at auctions. it’s the items you won’t ever find in some suburban strip mall, never knew you wanted,and suddenly can’t live without.

Be prepared

Once you’ve found a auction, make sure you’re familiar with some of the items you might hear there and learn how to buy and sell like you’ve been doing it for years. Never hesitate to ask your auctioneer or their staff any questions prior to bidding.

Auction Myths

It is important to dispel a couple of myths related to auctions. Auctions are a CHOICE for today’s buyers and sellers. They are not a “last option.” Many people think that auctions are only held when someone has died or has had their property, such as their home or car, repossessed.  The reason for auctions are as varied as the materials and possessions sold there. Another myth is that you have to be an “experienced” auction goer to buy and sell. Everyone is welcome and the auctioneers are traditionally great about helping first timers to understand how auctions work, how to make a bid, etc. Understanding the chant is what some people find the most intimidating. Auctioneer chants are are as diverse as the auctions themselves. Listen closely and, again, speak to the auctioneer prior to the auction to dispel any anxiety you may have.

WHY SELL AT AUCTION?

Auctions are the most uniqe and valuable way of selling almost any type of personal property. Some of the most popular auctions are those that involve household items, Automobiles or antiques. But auctions involve so many more possessions: storage units, office and restaurant equipment,art,machinery,industrial equipment,electronics and much more. One very rapidly growing  area is real estate. More and more people are buying and selling their homes and land by the auction method.

WHY BUY AT AUCTION?

Here are some of the reasons why consumers love attending auctions according to as study completed by the National Auctioneers association:

83 % think auctions are an exciting way to get good deals

51% think they offer a great value on items

65% think auctions offer exciting items they wouldn’t otherwise purchase

53% like the excitement of getting a  good price

So what’s so special about auctions the advantage of buying at auction? Well, there are plenty of advantages.

Speedy process

There’s no doubt that an auction is the fastest sales process around. It’s quick and efficient and that’s what makes it attractive.

You set your own price and establish a value  - You are in control at an auction . You decide when to bid  and

how much to bid. you establish what to pay.

Opportunity for good value- With the wide array of items up for bid , there’s always an opportunity to get a good deal.

Fun and Excitement- There’s no doubt that an auction is entertainment at its finest. Crowds of people competing

for unique property, combined with that lively and rhythmic  auction chant make for some great entertaiment.