Anyone Bought From A Repossion Auction?

2 replies
Hi,

My friend and I are planning to purchase stock from an online repossession auction and flip it on eBay. Has anyone tried this.

The problem Im finding is that its not clear how much the lots are selling for once the auction is complete. For example eBay clearly states how much the sale closed for but the sites I have found for repossession stock dont have the final price.
#auction #bought #repossion
  • Profile picture of the author AZMD
    Well that's what you need to know - the price you can realistically sell for. That will tell you the maximum you can pay at auction once your potential profit margin is figured in of course. You've got to know your merchandise before bidding and you must stick to your maximum bid while keeping your emotions out of it.
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  • Profile picture of the author justlukeyou
    The problem I cant see how much items are selling for like you can with eBay.

    I might test it but I work full time so collecting the stock poses a challenge I need to get around.
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