Finding a Good Deal at Industrial Machine Auctions

Comments Off on Finding a Good Deal at Industrial Machine Auctions 05 June 2011

When a company has gone out of business and has to vacate its premises quickly, more often than not, their tools, machinery and equipment are sold at auction. Likewise when businesses buy new equipment, the old equipment is often put up for auction.

To take advantage of a industrial machinery auction requires you to be in the know. They are not very well advertised, so it pays to stay in contact with people who work in the industry. This includes property management companies who often have the task of selling off old equipment when companies vacate a building. They ought to have an automatic alert tool that will notify you via e-mail when any new auctions are added to their events calendar. They can also notify you as new lots that may be of interest to you are advertised for sale.

If you are just looking for general tools and equipment, browse on-line lot catalogues. Occasionally you will see bigger pieces advertised on-line, but most of the time it is only small pieces of machinery and equipment that is sold this way.

Go to the auction prepared, with a way of paying a deposit. Get their early, know which lots you want to bid on, stick to the price you want to pay and you will grab yourself a real bargain.

Machinery Auctions are often held on-line so that people from all over the country can sell at once under the umbrella of a property manager. If this is the case, you will usually log into the website hosting the sale and register your highest bid. Be prepared to sign an agreement applying to general conditions of an on-line sale.

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