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Phoenix Surplus Auction Guide To Getting A Deal

Phoenix Surplus Auction Guide To Getting A Deal

Considering the state of the economy, the number of businesses going belly up

, and the need for many corporate entities to turn surplus assets into solid cash to deal with mounting debt, a Phoenix surplus auction can be a great resource for deals. It's yet another example of thinking outside of the box. Jobs may be scarce, but there's money to be made in surplus merchandise. I know many second hand store dealers whose business has picked up considerably. They get great deals on quality merchandise at a Phoenix surplus auction, add a reasonable mark-up, sell it in a second hand store or on eBay and pocket the difference.

What's Available?

At a Phoenix surplus auction, you can pretty much find anything under the sun. You name it, and it is usually available, from cars to real estate to electronics to office furniture. You may be skeptical about the deals, and that's healthy. Deals are real, but they have to be recognized. The competitive nature of the auction process means you've got to use your head. There are usually no minimum bids, so you can walk away with a steal. On the other hand, get in a bidding war and you can easily walk away with an elephant of a bad deal. Be careful.

How to Find a Phoenix Surplus AuctionPhoenix Surplus Auction Guide To Getting A Deal


Finding an auction is pretty easy, especially during these recessionary times. Bad economies usually lead to increased auction popularity as there is usually more merchandise and more interest in getting a good deal. You can easily find them online. There are many websites dedicated to helping you find a Phoenix surplus auction. Be sure to check the company out, read testimonials, and see how long they've been around, as you don't want to end up working with a scammer.

Evaluate Merchandise

Like everything else, it pays to look a gift horse in the mouth sometimes. Always take a good look at what you are buying before the bidding process even starts. Attend the preview of the Phoenix surplus auction. Handle the merchandise. Plug it in. Google it and do your own price comparison. It helps to attend the auction with a phone that has Internet service so you can check it there, but you can always write down your interests and research them later on the web. The auction preview usually happens a day or 2 before the actual auction.

Set a Minimum Bid

Always know how far you are willing to go before the bidding process even begins. The bidding process is competitively exciting, and it's easy to lose your head. Know ahead of time how much the item is worth and what you are willing to spend. You don't want to find out you actually spent way to much once the smoke clears.

Remember Shipping Fees and Taxes

When figuring out how good a deal is, don't forget the extra costs like auction fees, taxes and shipping fees when deciding how much you want to spend. If you are reselling the items, these factors will affect the profit you will be able to make. A good deal at a Phoenix surplus auction is one that remains so after you've done all the math.

by: Deb Weidenhamer
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Phoenix Surplus Auction Guide To Getting A Deal