02 Jul

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Everything You Need to Know About Office Equipment Auctions

Everything You Need To Know About Office Equipment Auctions

If you are looking to start a business or set up a home office and are fretting over the expenses of office furniture, you might want to look into office equipment auctions. Offices often sell their furniture at auctions for a number of reasons, including to renovate their interiors, to get rid of unused furniture, to raise money for nonprofit organizations, or to give away office furniture if they’re shutting down. Sometimes even various government agencies may sell confiscated or surplus furniture.

This is a great opportunity that will allow you to buy all the furniture you need, at a discounted price. To capitalize on office equipment auctions, all you need to do is to keep a close eye on the local newspapers or a few websites of auction houses on the internet to keep track of auctions near you.

Looking to learn more about office equipment auctions? Here are a few reasons why you might find an auction beneficial.

  1. An auction is the often the speediest purchase process

    Auctions are typically efficient; you reach the venue, bid, win the bid and take home the purchased items. The auction begins and ends at a scheduled time, making the buying process extremely efficient and swift.

  2. You can buy things at a competitive price

    Although other interested bidders will be bidding on items you want, you can score high-quality office furniture at a much lesser cost than the market price of the product.

  3. You don’t have to worry about bargaining

    Not all of us are good at negotiating prices, and attending an auction takes bargaining out of the equation. When people bid, they commit to buying the products at the fixed price and cannot indulge in negotiation.

  4. Auctions are effective even in bad economic times

    Auctions have been thriving for centuries irrespective of the fluctuating economies of states and countries, simply because people are fond of sales.

What should you know before buying your office equipment in an auction?

Auctions are a fun and exciting way to find good deals at reasonable prices. However, there are some important things you should know before you attend your first auction. Here are a few key pointers to review before attending an auction.

  1. Learn about the company conducting the auction. To ensure a company is legitimate, they should have a valid license and bonds. Looking into this will help you avoid fraudulent companies, and save you from a rather unpleasant experience.

  2. Write down the specific things you need to buy from the auction, along with the budget for each product. This will help you to keep track of things you need to buy for your office and prevent you from spending unnecessarily.

  3. If possible, plan a visit to the venue before the auction and preview the products on sale, or simply ask for a brochure with information about the items. This will give you ample knowledge and insight about the furniture on sale so that you can plan your purchase accordingly, and decide whether a particular product is worth the money. You can also conduct a personal inspection of the products to check their performance and ensure meet your standards.

  4. Go through the terms and conditions of an auction before you purchase anything. Find out whether you can make returns and the conditions of your purchase, and make your decisions accordingly. Each auction will have its own set of terms and conditions, so be sure to take a look at them every time you attend a new auction.

  5. It’s a wise option to buying furniture with an active manufacturer warranty since it can save you from spending more on repairs later. If a product is being sold ‘as is,’ your expenses could skyrocket, as maintenance costs can add up, and your purchase could end up being a bad investment.

Whether you’re an auctioneer or a buyer, are buying from a private dealer or a government agency, we at Michaels Global Trading are there to assist you throughout. We specialize in the marketing and the purchase of surplus office merchandise and furniture and have been delivering our services since 2013.

For more information about office equipment auctions, give Michaels Global Trading a call at 888-471-5066 or contact us here.

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Michaels Global Trading

114 - 65 Shuter Street, Toronto, Ontario, M5B 1B2, Canada

sales@michaelsglobaltrading.com
647-821-9961