Integrity public auction how to#
Make sure you know how to contact the seller in case there is a problem.the product never arrived. Be aware that because this information can be easily manipulated, some of the positive feedback may be self-created "shill" testimonials. Pay particular attention to numerous negative comments about the seller, especially if these comments concern the same issue, i.e. This area is helpful when researching the seller's reputation. Many Internet auction sites provide feedback on sellers by other buyers. Before bidding, find out all you can about the seller.For example, some sites may offer protection in the event that you do not receive your item or the item is significantly different from its description in the seller's listing. Carefully check each site's policy, do not assume one site's rules are the same as another. Be familiar with the auction site before you participate in the auction. Find out what protections the auction site offers buyers.Do not get caught up in the excitement of auction buying. Establish spending limits before the auction and stick to them.Īdditional Precautions for Online Auctions.You should also find out about return policies and warranties. Often auctioneers do not have return policies and warranties to back up purchases. Know the terms and conditions of the auction before participating in the auction. Find out whether you could be on the hook for entry fees, pre-bid deposits, buyer's premiums (fees paid by the winning bidder), taxes, or shipping.You may be able to find the item for less money.
Shop around to make sure you are getting a good deal. Check with local, established merchants for similar merchandise.If a deal sounds too good to be true, it probably is. Unscrupulous auctioneers may substitute copies of art, furniture, and rugs. Do not rely solely on the representation made by the auctioneer. Know the value and quality of the goods before you bid. If purchasing high value items, make sure to substantiate their authenticity.Be aware that a lack of complaints does not necessarily mean that an auctioneer has had no problems. You may also contact the Better Business Bureau and the Attorney General's Consumer Protection Division to see whether there are unresolved complaints against the auctioneer.
Integrity public auction license#
You should contact your city, township, or village clerk to determine whether the auctioneer has obtained a license to conduct the auction. Know the reputation of the auctioneer and whether the auctioneer has complied with applicable Michigan and local laws. Although Michigan's Public Auctions Act does not apply to auctions held within cities and only requires a license for the sale of new merchandise, additional local licensing requirements may apply.Be wary of advertisements that only refer to the government in a generic way. If the ad merely states that seized items are up for auction, ask the auctioneer which government agency seized the property. Research the validity of "government" auctions. Contact the government agency allegedly being represented to make sure the auction is legitimate.While these advertisements may seem tempting, you should take some precautions before you decide to attend an auction. These ads often include a list of high priced art, antiques, jewelry, household items, and oriental rugs that can supposedly be purchased at the auction. You may have seen the advertisements before: "County Sheriff Seized Property Auction," "Drug Dealers Seized Assets Up For Auction," "Items Previously Seized by Customs," "Spectacular Estate Auctions," and the list goes on. While these auctions may be a good way to find a deal, you should do your research before you bid.
More and more people are turning to auctions to purchase anything from household goods to real estate. Public interest in live and online auctions has grown. Avoid Auction Scams - Know the Facts Before You Bid
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