How to Find Bargains at Real Estate Auctions

A real estate auction is one of the best ways to score a great deal on a home or property. Additionally, you can often find great deals on used and new furniture, kitchenware, appliances, art, and more. While there are great deals to be found, a real estate auction doesn’t mean that everything for sale will be a bargain. In today’s post, we’ll share our tips for finding the best deals, as well as a brief look into how real estate auctions work.

At Premiere Auctioneer in Inglewood, we’re proud to auction real estate through both live and online bidding. Whether you are interested in selling or buying real estate, be sure to check back often to see our upcoming real estate auctions.

Attend Real Estate Auction Previews When Possible

While there may not always be previews available, you want to make it a point to attend them when they are. If there is a real estate auction you’re interested in attending, find out if there will be a preview. The preview gives you the opportunity to look at the items that will be available. You can assess their condition, make a list of the items you’re interested in bidding on, and make the appropriate preparations for the real estate auction.

 

Do Your Research

It’s easy to get caught up in the excitement of a real estate auction, which is why you want to make sure to do your research before placing bids or getting into a bidding war. If there was a preview, and you know which items are going to be on sale, it’s important to do your research so you know what the general price range is for the items. Whether you plan to bid on a home or an artifact, you want to look for comparable items so you can form an idea of their price range, and make sure that you are truly getting a good deal.

Set Your Bidding Budget

As we mentioned, there can be a lot of excitement and energy at a real estate auction, which is why you need to make sure you have all your bases covered before you get there. One of the most important steps you should take is setting your bidding budget. Make sure you know your limits so that you don’t get caught up in a bidding war and end up spending far more than you intended. Not only could this negatively impact your ability to bid on other items you are interested in, but you’ll also lose out on the deal you were hoping to snag.

Top Rated Local® Auctioneer in Los Angeles

Premiere Auctioneer is proud to be your Top Rated Local® auctioneers in Inglewood. From heavy equipment and commercial assets to real estate property and more, we’re here to help you find and get the deals you want. Whether you’re interested in placing items up for auction or looking for our next real estate auction, please contact our team for the information you need.