Can you find deals at Valley online auction?

Posted at 5:15 PM, May 31, 2016
and last updated 2016-05-31 20:26:36-04

Love auctions? You should check out

They are an online auction business, and they have multiple auctions happening at the same time.

A lot of their auctions are on household items, furniture, electronics, art, bikes and more. Plus, they also auction off a lot of liquidating assets from businesses that file for bankruptcy, so you can bid on a wide variety of items. 

But remember, just because it is an auction does not mean you’ll always find a good deal. You must first have a clear understanding of the rules of each auction if you plan on bidding. 

For example, at the majority of their auctions have a 15% buyer’s premium. That means that you need to add an additional 15% to your winning bid price. 

In addition, most of the items sold are located in Phoenix. That means you can preview most of the items before bidding, plus if you win an item you don’t have to have it shipped, you can just pick it up. It also means that you will have to pay sales tax.

So my general rule of thumb for these types of auctions that have a 15% buyer’s premium plus sales tax is to round up. I would add an additional 25% to all items you bid on so you won’t have any surprises when the auction ends.

Also, when it comes to their auctions most items are sold as-is unless indicated. Bottom-line, when it comes to auctions do your research before bidding so you get what you want and for the price you desire.