Government seized-property or surplus auctions are held all over the country at various locations and on various schedules. Typically an auction is held at a particular location on a regular basis — usually monthly or quarterly or annually. Local and national newspapers often have listings and details. Usually these are more than just car auctions. All kinds of property are included, including real estate.
We also looked at the cost of each service and whether the fees outweigh the benefits. Fees can take away a large chunk of your selling profits, so make sure you understand what each company charges for listing fees, final value fees, and seller verification fees. We calculated all these fees and found that eBay has the highest final value fees, while companies like eBid doesn’t charge listing fees.
Payment methods. A government auction accepts many modes of payment from credit cards or bank checks to cash. It is recommended to ask the auctioneer about the modes of payment involved before the auction starts. Besides the bidding price of the car, an additional buyer's premium fee is added onto the total. This fee is normally 5 percent of the winning bid
“We usually send [PropertyRoom] our jewelry - since they appraise it - and things like high-end Coach purses,” said Robin Neal, property officer with the Fremont, Calif., police department. “My experience of them is that they are very honest with the condition of the item they put online. We have also had officers who work for our department utilize the site for purchase and were very happy with it.”
Technological advances have contributed to the rise and evolution of this part of the eCommerce marketplace. eBay, for example, has been quick to jump on the growing demand for Artificial Intelligence (AI), embedding AI technology, to help sellers become more competitive. eBay’s AI solutions involve identifying gaps in product inventories, alerting sellers when they need to stock up on a particular product. eBay’s evolving features have proven to be of benefit to sellers, creating some legitimate success stories. However, despite eBay being at the forefront of the increasingly competitive online auction market, online sellers should always consider alternative solutions.
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MadBid is a U.K.-based auction site. Selling itself on how buyers can enjoy an 89% discount on certain listings and being the “number 1 discount auction site on the internet”, MadBid certainly pulls in the buyers, which is great for anyone selling on the site. Asides discounts of up to 89% to entice sellers, other key features of MadBid include safe payment portals, benefiting both the seller and buyer, and support through phone, live chat and email. Though seller should be aware, only brand new, sealed products can be sold on MadBid, meaning second-hand goods can’t be listed.
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Online auctions offer buyers and sellers of a wide variety of goods an enormous platform for trade. They offer buyers a virtual flea market, with an endless range of merchandise from around the world, and they give sellers a storefront from which to market everything from sports memorabilia to computer systems to millions of international buyers. It includes national retailers auctioning off excess inventory or services. But how do online auctions work?
Boulder, Colo., police started using PropertyRoom.com in 2007, mainly to unload property that couldn't be traced back to the owners. Before items are put up for auction, they are posted on the police department’s Web site for four weeks. Previously, the department had been stuck holding onto items for up to three years, said spokeswoman Sarah Huntley.
Complete Liquidation Auction By Order of Secured Creditor. Public online auction will include: Hypertherm CNC Plasma Cutting System w/ Table, Scotchman Automatic Horizontal Bandsaw, Baxter Verticut Automatic Horizontal Bandsaw, Large Assortment Of Miller Welders, Pandjiris Welding Positioning Tables, Shop Equipment, Ingersoll Rand & Sullair Towable Air Compressors, Gooseneck Trailer, Ford Flatbed Truck, Airless Paint Sprayers, Power Tools, Welding Tables & Wire, Oster Pipe Threader, Power Rollers, Much More!!
Crossville Studios of Tennessee has purchased 2 Colorado based wholesale Tile & Stone Distributors. This purchase and merger of companies has resulted in thousands of square feet of excess tile and stone inventory that must be liquidated. Public online auction will include large format porcelain tiles, natural stone tiles, decorative mosaics as well as 3cm thick slab material in man-made quartz, 3cm natural granite, marble, quartz and travertine slabs. All porcelain, ceramic and natural stone tile to be sold is first grade material.