Free online liquidation auctions offer consumers great discounts on a wide variety of merchandise.
Liquidation Auctions in Brief
Businesses use liquidation auctions to get rid of excess merchandise quickly and efficiently. They are willing to take less money for their products in the interest of clearing out their storerooms. Liquidation auctions are helpful to retailers because they clear out merchandise faster than clearance sales in individual stores.
Liquidation items are often sold in lots or pallets. Buyers purchasing these large quantities may be stocking a store or looking to earn money through online auctions. However, you can also find liquidation auctions for single products, especially for big-ticket items like boats or cars.
Available Free Online Liquidation Auctions
Liquidation.com is one of the largest and most varied liquidation auction sites. There are a large number of clothing and electronics auctions, arranged in lots, but buyers can find everything from toys to home furnishings. The site's auctions are labeled as new, used, returned, refurbished, salvage, and shelf pulls. Shelf pulls are products that were displayed on store shelves but never sold, so they may show some wear and tear. A special "truckloads" section offers even bigger lots of merchandise. All auctions are sold "as-is, where-is" meaning there are no returns, and buyers must arrange shipping for all products.
National Liquidators specializes in boat auctions, including yachts and jet skis. Potential buyers can view available boats online, but all bidding transactions require phone and fax contact. The company's largest warehouses are located in California, Florida, and Ohio, but buyers can also find a small selection of boats in other states. Winning bidders must make arrangements for shipping or storing a boat within 24 hours of the auction's end. Financing is available for many purchases.
PropertyRoom.com brings a slightly different kind of liquidation to online shoppers - police property room liquidations. Find jewelry, electronics, tools, and more, with a mix of new and used merchandise. The general set-up of the site will be familiar to users of online auctions, and most auctions are for individual items. Some listings include a "Buy Now" option. While it is free to browse the site and place auctions, winning buyers will be charged a buyer's premium in addition to the bid amount.
Liquidation Auction Tips
Many of the same online auction tips you would heed before placing a bid at eBay or uBid also apply to free online liquidation auctions. However, they can be even more important with the large amount of money often involved in these transactions.
- Know exactly what you're bidding on. Read descriptions carefully and look for pictures to know the quality and quantity of the items. Don't be afraid to ask questions.
- Look out for salvage lots. These items are used or damaged. They may need repairs or be useful for scrap parts. Salvage lots can be a great bargain if you know what you're getting into, but they can also be an unpleasant surprise if you're expecting sellable goods to arrive at your doorstep.
- Make sure you understand the terms of the auction before you bid. When does bidding end? When is payment expected? What transaction fees are involved?
- Bids are legally binding. You may be used to having the option to retract a bid at eBay, but most free online liquidation auctions will hold you to your winning bid.
- Don't forget to factor in shipping when bidding. Transporting 50 pounds of electronics across the country can be pricy.
- Only submit credit card data and other personal information on secure sites.
- If something doesn't feel right, walk away. You may regret the deal that got away, but you'll regret falling for a scam even more.