Phoenix Seized Property Auction: Assortment, Quality and Good Deals!

PHOENIX SEIZED PROPERTY AUCTION

• A Phoenix seized property auction offers something for every attendee.

• Typically, you can find a huge assortment of items in great condition.

• Seized property auctions often feature furniture, tools, antiques, collectibles, electronics, household items, furniture, jewelry, sports equipment and even autos, recreational vehicles and more.

• People attend auctions not only to find unique items, but also to save

money.

• In fact, it’s not uncommon to score a deal well below market value – sometimes for pennies on the dollar.

• If you’re so inclined, you can flip your good deals and make a profit.


Where Do Phoenix Seized Property Auctions Get Items? •Items come from many government agencies including federal, state and local agencies and police departments.

•These agencies seize property from people breaking the law.

•In addition, the property may be unclaimed after an investigation concludes.

•Property is seized when a person is arrested. Law enforcement takes the person’s personal property if it’s used in conjunction with a crime.

•Property can also be confiscated if it were purchased with money gained illegally.


Where Do Phoenix Seized Property Auctions Get Items? •The seized property is held by the law enforcement agency until the arrested person is processed through the criminal justice system. If the person is found innocent, he or she must re-claim the property.

•If they don’t reclaim it after a certain time period, the agency can sell it at a Phoenix seized property auction. •If the person is found guilty, the ownership of the property transfers to the law enforcement agency.

•The agency can then decide whether to keep the property or sell it at auction.

•Often, the government agency will sell the confiscated items at a Phoenix seized property auction and retain the proceeds.


How to Get the Most from a Phoenix Seized Property Auction •Government auctions are public, so anyone can attend.

•The only things you’ll need to do is find out when and where Phoenix seized property auctions will be held and register to bid.

•Once you know the auction schedule, you’ll want to arm yourself with knowledge so can get the best deals.

•Phoenix seized property auctions aren’t hard to understand and you shouldn’t be intimidated by them.

•At the same time, knowledgeable bidders will get the best deals.


How to Get the Most from a Phoenix Seized Property Auction

Make sure to understand the requirements of the Phoenix seized property auction.

Read the auction house’s website for each auction.

Know what’s required to bid and what charges you’ll need to pay for each purchase.



Identify the inspection period for each Phoenix seized property auction you expect to attend.

You should be sure to take advantage of these opportunities to inspect any items you may be interested in before you bid.

Pictures on a website won’t tell the whole story, especially if the item is complex and/or expensive.



If you want an item but don’t have the necessary expertise to

evaluate it, do your due diligence and then bring along a knowledgeable person to the inspection period.

You must know the market value of every item you intend to bid on before the Phoenix seized property auction to avoid overpaying.



Once you know the market value of an item you want, decide on your maximum bid.

When bidding begins at the seized property auction, don’t exceed this number.

Auctions are exciting and it’s easy to get caught up in the bidding wars!

Knowing market value and keeping a maximum bid in mind helps you participate with confidence.

ABOUT THE AUTHOR

Deb Weidenhamer is President of Auctions Systems Auctioneers & Appraisers, Inc.,

based in Phoenix, Arizona. They specialize in auctions and professional appraisals.

Visit us at http://www.AuctionandAppraise.com

or call 800-801-8880 for more information about Phoenix Seized Property Auctions.

http://www.auctionandappraise.com/auctions.html

http://www.auctionandappraise.com/auctions.html

Phoenix Seized Property Auction: Assortment, Quality and Good Deals!

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