Tips for Buyers at Illinois Auctioneers Events

by | Oct 18, 2012 | Business And Finance

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Are you attending an auction in the Illinois area? If so, you want to get a great buy for your money. Here are some tips for buyers who are planning on going to an auction hosted by expert Illinois auctioneers so you can be sure to get a great find at the right price.

Get There Early
One of the main ways to get a good deal on merchandise from Illinois auctioneers is to get to the event early. You want to be there before the larger crowd arrives because it will give you the opportunity to expect many of the items that you are interested in. By doing a complete inspection, you won’t be surprised by purchasing something and then realizing that a small defect has diminished its value.

Have a Limit in Mind
You can’t go to an auction with the mindset that you are just going to bid on something until you win it. You have to have a limit in mind or you can go broke. By making a decision on how much you are going to spend before you get to the auction, you aren’t relying on your emotions which can run high once you see something and start bidding on it.

Do the Starting Bid
Placing the starting bid doesn’t hurt your chances of winning the item or overpaying for it. In fact, the contrary is true. By placing the starting bid, you get the auctioneer’s attention and they are more likely to check back with you before ending the bidding. Also, by being the opening bidder, you might be the only bidder which means you can get the item that you want at a bargain price.

Use Strategies
If you’re an experienced bidder, you may have a strategy that you already use when making bids. One strategy may be to change your bidding patterns. If the bidding on a particular item has been going for awhile with $100 increments, try upping your next bid by a $300 increment. This can be a great tactic which will cause other bidders to back off because they see you are serious about buying it.

When attending an auction hosted by Illinois auctioneers, you can usually get some great merchandise that you can show off to your friends and family. But knowing some strategies is also important to ensure you get the best deal possible for your money.