Creating Reselling Opportunities from Phoenix Seized Propert

1. Creating Reselling Opportunities from Phoenix Seized Property

2. PHOENIX SEIZED PROPERTY • Phoenix seized property auctions are one of the best places to find items for resell. • Given its origin, this merchandise can often be purchased for well below market prices. • Seized property is auctioned by a government agency, such as a local police department, federal law enforcement agency or tax authority. • The agencies get the property by seizing it during criminal activity or to satisfy a lien. • For example, if a person commits a crime, all items associated with the crime are confiscated by the law enforcement agency. Or, if a criminal purchases merchandise with money that was earned during the commission of a crime, that merchandise can be seized as well. • Finally, if an individual fails to pay taxes or a court judgment, personal property can be seized to satisfy the lien. • All these situations represent Phoenix seized property that can be auctioned to the highest bidder.

3. PHOENIX SEIZED PROPERTY • TYPES OF PHOENIX SEIZED PROPERTY • Almost anything you can think of can show up at a Phoenix seized property auction. • The variety is broad and far reaching. • A few examples include cars, trucks, motorcycles, recreational vehicles, sporting goods, computer equipment, jewelry, office equipment, tools, household goods, appliances, outdoor items, musical equipment, electronics, furniture, antiques, collectibles, cameras, construction equipment, and much more. • You never know what will show up at a Phoenix seized property auction. And, the quality of the items is usually very good. • The criminals secured the items for their personal use. So, if you can get a good price, you’ll have a great opportunity to make a good profit on reselling a seized item.

4. PHOENIX SEIZED PROPERTY • WHY SHOULD YOU EXPECT TO GET A GOOD DEAL? • You can expect to find Phoenix seized property at local police auctions. • Because these auctions are held regularly, you’ll find a recurring supply of inventory for your reselling business. • Most local police departments use auction services to sell Phoenix seized property. • You can visit the auction services’ website and get on their mailing list so you’re advised of all upcoming auctions. • Crime doesn’t take a break either. So law enforcement is continually seizing property. • Because police departments collect so much seized property, they have to auction it off. • They don’t have the space to store it or the use for most of the property they seize. • Law enforcement also benefits from the proceeds of the sale of Phoenix seized property.

5. PHOENIX SEIZED PROPERTY • ATTENDING THE AUCTION • A typical auction for Phoenix seized property will be open to the public and be conducted both live and online. • You’ll be required to register with the auction house prior to bidding on any of the items. • Registration is pretty basic and requires identification and a credit or debit card. • Prior to the auction, you can preview items online and in person. • The in person inspection is really important for items of high value, such as vehicles. • The auction service will establish times for inspection prior to start of the auction. • Remember all items purchased at auction are sold as is.

6. PHOENIX SEIZED PROPERTY • Before bidding on any Phoenix seized property, keep in mind you are purchasing items for resell. • You must pay below market prices for anything you buy. • After you make your purchase, you need to turn around, mark it up, and sell it to earn a sufficient profit.

7. ABOUT THE AUTHOR Deb Weidenhamer is President of Auctions Systems Auctioneers & Appraisers, Inc., based in Phoenix, Arizona. They specialize in auctions and professional appraisals. Visit us at http://www.AuctionandAppraise.com or call 800-801-8880 for more information about Phoenix Seized Property.