Online Auctions FAQ’s
How does an online liquidation auction work?
Online auctions are similar to local auctions. An item is photographed and has a description explaining it. Once you register and create an account you can bid on any items online. The bidding platform will keep updating with the highest bid until the final bid is made. The highest bidder will be notified on how to send payment and pick up their goods.
What are the benefits of online auctions?
Convenience – you can buy or sell 24/7 from the comfort of your home. Inventory – large variety of items and instant feedback.
What types of online auctions do you facilitate?
We help liquidate assets owned by individuals, private businesses, lenders, cities, counties and more. Our online auctions typically include: industrial surplus, commercial equipment, trucks, individual vehicles and vehicle fleets, construction machinery and heavy equipment surplus.
How do I bid in an online auction?
Register as a user to receive your bidder number. Once you receive that, you can start to bid online. Make sure to read all the terms involved and keep track of the other buyers’ bids.
When is the best time to bid on an online auction item?
If you really want a particular item, put in your maximum bid and let the object find the level. If it goes beyond your bid, you can assume the market value is high and on the next bid you can raise your price expectations. It’s best to understand the demand of the item and place an educated bid.
Why would I as a buyer look at online auctions for equipment or vehicles?
If you’re looking to buy online or looking for a better deal, we’re here to help! We’ve been in the business for over 20 years and offer a huge assortment of items in the Minneapolis/St. Paul area that you can bid on instantly.
How does working with Surplus Liquidation Auctions help sellers and buyers?
Our efficient and effective online auction process is designed to connect buyers and sellers for the most beneficial results possible. We feature longer bidding times in order for our online liquidation auctions to be more accessible to buyers.
Do businesses and individuals actually use online auctions to buy and sell equipment and vehicles? How popular are online auctions?
Both businesses and individuals are engaging in online purchases now more than ever. Our growing audience and expanding reach as a business means more exposure for your assets.
What kind of items do you sell in your online auctions?
Commercial equipment, cars and trucks, construction equipment, commercial vehicle fleets, government fleets, heavy equipment, municipalities liquidation equipment and vehicles and more.