How to Buy Things for Pennies at Auctions

Don Lapre Info Reports

by Don Lapre

Info Reports From Self Made Millionaire!

Understanding the Basics of Auctions

#1 Inspect Before You Buy

How do you ensure that what you buy at an auction is indeed a bargain? By inspecting any merchandise you intend to bid on beforehand and by doing a little research. Let's say you're looking for computers, but you know very little about computers, you would be wise to get out the phone book, turn to the yellow pages and start calling computer dealers. You might have to spend a couple of days doing this, but the payoff will come when you save big dollars simply because you did some research before bidding. Everything that's sold at an auction is not a bargain, and it's never a bargain if you paid too much in the first place.

Most auctions will allow you to examine the items going up for bid prior to the auction and you'll want to be sure to take advantage of this. Arrive early and thoroughly inspect (as much as is possible) any item(s) on which you intend to bid. Remember - all sales are final.Whatever you buy at an auction cannot be returned. All items are sold "as is."

Table of Contents

• About the Author
• Understanding the Basics of Auctions
  #1 Inspect Before You Buy
  #2 Research First
  #3 Don't Lose Control
  #4 Have a Plan
  #5 Get There Early
  #6 Don't Be Afraid to Ask Questions
  #7 Types of Auctions
• Terms You Should Know
• Financing a Purchase
• Auction Newsletter
• Banks & Other Financial Institutions
• Police Auctions
• City, State & County Auctions
• Estate & Bankruptcy Auctions
• United States Government Auctions
• Appendix

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