Are you thinking about buying or selling at a Phoenix police seizure auction? This article is designed to provide you with the details on police auctions and how you can get a steal on goods that have been confiscated by the authorities. Specifics may vary from auction to auction; however, the following information includes helpful and important guidelines from which everyone can benefit.
Have you ever wondered what happens when the bad boy's loot falls into the right hands? What happens to hot property - stuff that's been stolen - when nobody knows who it belongs to? It may come as no surprise that it's sold to the highest bidder!
Phoenix, Arizona, also known as the Valley of the Sun, is a place where the sun shines more than 300 days a year. And as they say, some like it hot - but that's not just the temperature in the desert! Phoenix police seizure auctions feature hot property - stuff that's been stolen or seized by the cops draw crowds of bidders who hope that some of the stolen stash might be sold at bargain basement prices.
Phoenix police seizure auctions are a place where crime doesn't pay - unless you're looking for a steal on goods that have been seized by the authorities. Police auctions can feature everything from cars, tools, electronics, jewelry, sporting goods and coins to commercial heavy equipment, real estate, antiques, guns and more. Many police auctions also include items from federal bankruptcy trustees, state governments and county agencies.
So, what's the best thing about Phoenix police seizure auctions? No buyer's premiums! That literally means that you will only pay the price of the winning bids you place plus sales tax (if applicable) and shipping if you choose not to pick your item up directly. When an auction doesn't charge buyer's premiums, there are no fees charged to bidders who are not winning buyers.
Buyer's premiums are increasing in popularity and yet, have created significant industry controversy. Many unethical auctioneers use buyer's premiums to underbid their competitors and to increase their profit margins at the seller's expense. They fail to mention the buyer's premium in their auction proposals but have every intention of adding them on sale day.
Additionally, a surprising number of sellers do not attend their own auctions. Many sellers may never realize an undisclosed buyer's premium was charged at their auction. If buyer's premiums were prohibited, buyers could help police the unethical auctioneers by alerting sellers to undeclared buyer's premiums being charged at their auctions. However, if even a small percentage of auctions charge legitimate buyer's premiums, unethical auctioneers are free to add buyer's premiums to every auction they book.
When buyers reduce their bid prices to compensate for buyer's premiums, the seller's revenue is negatively impacted - a fact rarely shared with the seller. The only way an auctioneer can be completely honest is to inform the seller that at least 70% of the buyer's premium is additional auctioneer commission. It is the rare auctioneer who makes such an up-front announcement. If an auctioneer is not totally forthright about the nature of a buyer's premium, they introduce an element of deception into their seller relationships.
Are you thinking about buying or selling at a Phoenix police unclaimed items auction? This article is designed to provide you with the details on police auctions and how you can get goods that have not been claimed at bargain prices. Specifics may vary from auction to auction; however, the following information includes helpful and important guidelines from which everyone can benefit.
The Phoenix police property warehouse stores just under 1 million pieces of property, whether they be evidence, files or items that were confiscated and either lost or stolen. They range from found property from the airport, the property of prisoners who have been arrested or items being used as evidence in court. The Phoenix police property warehouse receives about 1200-1500 items on a daily basis. The items are stored in a building that contains about 40,000 square feet of storage about 23 feet in shelving. It is organized similar to a library or a large distribution company that operates using a barcode system.
The length of time they keep these items in storage depends on how long the items need to be used in the case or the prisoner is released from jail. Some items have been confiscated or found and are unclaimed. These items are kept for a period of time while the owners are notified or the property is published with warning of its disposal if there is no response. Then, property is packaged (or unpackaged) and at that time they make the determination about whether it can be sold or must be destroyed. If the items can be sold, they are released for sale at a Phoenix police unclaimed items auction.
Many of these items can be bid on for much less than they would sell at retail price. Some of the items may include cars, tools, electronics, jewelry, sporting, coins, commercial heavy equipment, real estate, antiques, guns and more. There is a variety of property and anyone can find just about anything they're looking for!
Here are some Phoenix police unclaimed items auction buyer tips that will help you avoid common mistakes made by buyers:
- There are some terms that are used during an auction of which you need to be aware. These terms are "choice" and "all for one money."
- "Choice" means that if five chairs are selling, you are bidding for the price of one chair. If you are the winning bidder at $50, you may buy one, two, three, four or all five of the chairs at $50 each. If you would like the blue chair and the black chair you may buy them for $50 each so your total bill for the chairs will be $100. If you want all five chairs you will pay $250 for all five. If you have color or style preferences, you need to be ready to tell the auctioneer very quickly what items you want to buy.
- The other term that may be used at auction is "all for one money" which means that five chairs will be selling and the price you are bidding is for all five chairs. So, if you are the winning bidder at $50 your total bill for all five chairs will be $50. The auctioneer makes an announcement before they sell an item if unique selling options are being utilized.
Deb Weidenhamer has sinced written about articles on various topics from Shopping, Property Guide and Shopping. Deb Weidenhamer is President of Auction Systems, the Southwest's most active auction and appraisal company. Visit us online at , or call 800-801-8880 fo. Deb Weidenhamer's top article generates over 5400 views. to your Favourites.