How To Make Money From Estate Auctions

If you’re a shopaholic, which I hope you’re not, then any sentence with a suffix of ‘sale’ will get your heart racing. One of the most commonplace to hear this work is during an auction by the estate Liquidation Company.

Yes, an estate auction is one the best places to buy valuable items at a low price. These days because of the pandemic, there are mostly online collectibles auction being kept. You don’t need to worry; still, an auction is an auction, whether it’s online or in person.

There are some ways that you can take greater advantage of these actions than others. Here are some ways you can do that.

Be the First Person

It’s always beneficial to be the first person in an online antiques auctions that mean logging in and checking in to the auction before anyone. After the pandemic, this would mean reaching the location of sale before anyone else,

Mostly the best things are sold in the start, as more people have their eyes glued to it, the first person to reach there can grab the opportunity before anyone else. It is sometimes not possible to reach the location for suppose you have a job.

In that case, you have to make an excuse from your boss, be it faking an emergency at home or feeling sick all of a sudden, you need to escape the offices and =go to the auction.

The need to counter offer

As a consequence of you reaching the estate liquidation company on the first day, you will witness high prices on each item. That is the downside of reaching first, you do have a variety of options, but the price will be higher because it Day 1.

What you can do now is make counter offered where ever you feel the price can go down a little. On day 2, the prices go down a little. That is the flexibility you are looking for. So make a reasonable offer for any of the things you have fallen for in the online collectibles auctions.

Most probably, the sales rep will agree to the offer and sell you your beloved item.

Cash is always PREFERRED.

Most of the estate liquidations company who keeps these sales are looking for direct cash buyers. It is a natural preference of all the sellers to look for buyers with cash. Less hassle and fast money, right? Therefore you need to bring a handsome amount with you and always offer cash to the sellers.

Also, the second reason for bringing cash is there are no fees connected to it. When you bring the cheque book, you might incur a fixed percentage of deduction. Therefore cash is the best when you go for auction shopping!

Looking for the things which can make a profit

You need to keep an n for the things that can make your profit afterwords. There are many things in an n online collectible auctions that are worth more than what they are prized for, this is due to the lack of knowledge of the seller, and it can happen. It has happened before! That's how I make a profit and on a guitar which turned out to be of some vintage brand! Lucky day!