If you want some of the best deals on the planet, try a Phoenix police auction. You can get everything from yachts to flat screen TVs to real estate. At police auctions, you can find incredible deals from property that’s been seized from criminals, bad debts, or other foreclosures. Let’s look at some of the reasons to check out a Phoenix police auction.
Great Deals on Vehicles
Vehicles are by far the most commonly bought item at a Phoenix police auction. In fact, you’ll find many used car dealerships shopping at these police auctions looking for deals to replenish their inventory before they mark it up and sell it to you. The average Joe can get his pick of the savings too, paying much less for the same vehicle than he’d pay at a dealership.
Like a dealership, it’s always good to look under the hood before you buy a car at a Phoenix police auction. All sales are final, but you can look at the car a few days before the auction. Give the tires a kick. Take it for a test ride. Have a mechanic give it the once over.
Real Estate Options
Local police regularly seize real estate from criminals and tax liens. In some cases, the individual couldn’t afford the taxes or the mortgage payments and lost their property in steeping debt. When local police go to liquidate these assets, you can get some really good deals. Often, it’s not uncommon to pay 25% below the market price. Considering the bottom dollar rates of the current housing market, this can be an incredible opportunity for affordable housing. More and more families are finding they can afford their first home, often thanks to a Phoenix police auction.
Realtors may tend to downplay police auctions, but remember they get paid by commission. When you get a good deal at a Phoenix police auction, their percentage brings in a lower take. They may even tell you that you’ll need to make a down payment in excess of $ 20,000. While this may be true, realize we are living in extraordinary financial times. The government is broke too in this recession, and in most cases they’ll be willing to cut a deal.
Among the great deals you can get at police auctions is in the electronics range. Electronics are the most often stolen, and the owners can’t always be identified. When it comes to seized property, electronics also rank among the most common. These can include laptops, cell phones, iPods, stereo equipment, televisions, monitors. You can get a stereo system worth a couple grand for a few hundred bucks. Try purchasing a $ 5,000 flat screen HDTV for a $ 1,000. Want to step into the Blue Ray generation? Do so for less than a cheap DVD player.
Police and local governments are looking to liquidate stolen, seized and foreclosed upon assets quickly and conveniently, which means you can get some great deals. Many people make their living from the deals they get at a Phoenix police auction, selling their discounted merchandise online or in second hand stores. Why not cash in on the action?
Deb Weidenhamer is President of Auction Systems, the Southwest’s most active auction and appraisal company, as featured in TLC’s newest reality show, AUCTIONEER$ . Contact us for more information about Phoenix police auctions.
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