How to Find the Best Deals at a Sale Hosted by an Estate Auction Company in Overland Park
You usually don’t have to look too far to find an estate sale hosted by an estate auction company in Overland Park. Estate sales are common in today’s world, and they take place for various reasons.
Oct 25, 2022
How to Find the Best Deals at a Sale Hosted by an Estate Auction Company in Overland Park -- You usually don’t have to look too far to find an estate sale hosted by an estate auction company in Overland Park. Estate sales are common in today’s world, and they take place for various reasons. Many estate sales take place after the owner of the property has passed away and has not elected to pass down their property and contents to someone else. Sometimes, the owner of the property simply doesn’t want the land or its contents anymore and elects to sell it all to the highest bidders by hiring an estate sale company in Overland Park.
At nearly every estate sale, there are hot-ticket items that go for premium prices. However, as a longtime estate auction company in Overland Park, we know there are other items that are sold for well below what they might be worth. Here are some tips on how to find the best deals at an auction hosted by an estate sale company in Overland Park.
Find Out Which Items Will be Auctioned as “Absolute Items”
At an auction hosted by an estate auction company in Overland Park, there will be certain items that have reserve prices. That means there is a specific price that the winning bidder must meet or else the item will not be sold. There are also absolute items, which means the items will be sold regardless of the final price.
The auctioneer will start the bidding at a certain price for an absolute item, but will continue to lower the opening bid until someone jumps in. Sometimes the opening bid on an absolute item can go as low as $1. Once there is an opening bid, the asking price will increase until there is only one bid remaining. If you find an absolute item where no one is bidding against you, you could walk away with one killer deal.
Early Bird Strategy
Many veteran auction sale attendees will show up early to walk around and find which items they are most interested in. This gives them time to research the average price for the items while crunching the numbers to figure out what they can afford. Nearly any sale hosted by an estate sale company in Overland Park will have its fair share of early bird shoppers.
Try the Latecomer Strategy
Although showing up late to an estate sale is a bit risky, it can also pay off with some great deals. Estate sale shoppers that arrive late may experience a much smaller crowd than those who shopped early. By the end of the estate sale, many shoppers have gotten tired and left, while there may still be a few big-ticket items remaining. The downside of showing up late is that a live auction company in Overland Park will typically sell the most popular items early in the sale while the crowd is still large.
Are You Looking for a Dependable Estate Auction Company in Overland Park?
Mayo Auction & Realty is a full-service real estate auction company in Overland Park that effectively markets your property to the world. As a seller, you will enjoy getting market value for your property or assets in the time frame you need. We are an Overland Park online auction company as well. As a buyer, you will enjoy our easy-to-use competitive bidding marketplace.
The Mayo Auction & Realty team is here to make your life easier, so contact us today.