Like to go to local auctions? Love the thrill of a good auctioneer's chant and fast talk and the chance to bid on all kinds of stuff? For more detail go to: www.auction-words.com.As an auctioneer myself, (PA License AU3837), I also like to go to other auctioneers' sales, especially to get loads of merchandise at bargain prices. Here are 10 tips to help you find the auctions where you can get items so cheap they are almost free.
Look for an auction that is "under advertised." Advertising is a major expense when holding an auction. Almost all practicing auctioneers know this, but in some cases the people the auctioneer is selling for may balk at paying for a big ad. Most auctioneers know that without that big ad, unless the auctioneer has a large following of likely bidders, he or she may not get a big enough crowd with a small ad. If the sellers insist, then the ad may be way too small. This means a small crowd and with fewer bidders, the auctioneer will get lower bids, so you buy cheap.
Go to an auction being held in a remote area that is hard for the average person to find, especially if the auctioneer can't place enough signs, or has difficulty giving good directions because of the location. Plenty of bargains here.
In Pennsylvania and probably most of the northeast, an outside auction in snowy weather, usually will have a sparse crowd and hence loads of good buys. Rainy weather may cause the same, so look for a bad weather day, especially if the auctioneer advertises that the auction will be held "rain or shine" and doesn't offer a tent, or an alternative location or time for the auction.
Sometimes a "newbie" auctioneer may not draw a big crowd because he/she is not well known. In many cases even seasoned auctioneers won't draw as big a crowd when they are out of their normal auction area.
Sometimes you can find good buys if you go to a house auction where high end items are being sold, but there are also ordinary household items, tools, cleaning supplies, EST. The auctioneer will most likely advertise the Victorian furniture, Tiffany lamps, Roseville pottery, and not the family lawn mower, wheel barrow, tools in the garage, etc. I have been to a couple of auctions where I was the only bidder for tools, and I got them for pennies on the dollar.
Pick a day when there are lots of auctions in them area and pick the one with the weakest listing. For more help visit to: www.auctionprofessional.com.In the Greensburg, PA area this is usually August and early September.
Help the auctioneer who is having trouble getting bidding started by being that initial bidder. Chances are you will be rewarded by that auctioneer but giving you some good buys.
Quite often storage auctions where the contents of a space where rent hasn't been paid will yield good bargains because they usually don't warrant big ads and you may get a chance to buy the contents of a space at a very low dollar amount.
At an auction where there are loads of box lots, look over the boxes from top to bottom for sleepers that sometimes the auctioneer even missed. When that box comes up bid on it. Be aware however that sometimes people switch items from one box to another, so keep your eyes peeled.
Most house auctions yield quite a few items the auctioneer can't get a bid on. Sometimes these are piled up and sold as one lot near the end of the sale. This is a great place for a flea market dealer to pick up lots of small items so cheap they are almost free.
A fact sheet prepared for your for sale by owner home and included in your online classified ad will prove to be one of the strongest marketing tools. Fact sheets, sometimes referred to as home brochures, are usually attached in a weather case to the For Sale sign in the yard of the home. You can also place them inside your home to give to buyers. It is a good practice to pass out fact sheets at open houses and home showings.
Upon seeing a for sale by owner home, buyers naturally have many questions about the home. How big is it? How many bedrooms and bathrooms are there? What are the special features of the home? These are the questions that are commonly answered in online classified ads, and which you can answer in your for sale by owner home fact sheet.
When you prepare a fact sheet for your for sale by owner real estate, you should include several key pieces of information such as the total square footage of the home and number of bedrooms and bathrooms. What are the dimensions of the bedrooms, dining room, living room, and kitchen? What are the names of local schools? What is your contact information and the address of the home? Is there a color photograph of the home? Finally, give dates and times of future showings.
Since school information is subject to change, it is a good idea to mention this on the for sale by owner home fact sheet. Place an asterisk next to the heading for school information and reference the asterisk at the bottom of the fact sheet, and towards the bottom of your online classified ad. Simply say that school information is subject to change and the government can be contact for the most up to date information.
Remember, there is more to your home than the size and number of bedrooms and bathrooms. Did you recently remodel the kitchen? Add on a patio? These facts are perfect for including in your for sale by owner home fact sheet and online classified ad.
Do not clutter the page with too much information. It is unlikely that every single thing about your home is a saleable fact. Even so, the buyer is not likely to read the entire fact sheet if it is filled with too much information. The same goes for your online classified ad, if not more so, since with ads, brevity is key. Choose the absolute best features of your home and use those rather than trying to include everything that makes the house valuable.
The picture you use on your for sale by owner home fact sheet is important. If you have already taken a picture for listing your home in a real estate magazine or other advertising vehicle, that picture might very well work. Make sure the exterior of the home is attractive, the lawn is manicured, and there are no distracting objects in the picture. You might also include pictures of the inside of the home to give buyers a better view of what you have to offer.
Your online classified ad will help to get the word out about the property you have for sale. Your physical Real Estate fact sheets will look best on glossy paper. Although it might be a little more costly than some other alternatives, it will present your for sale by owner home in its best. This is exactly what you need to ensure a successful offer.
Both Harminder & Terry Parker are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
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