Category: Auction Tips

Tips for Buying and Selling Heavy Equipment at Auction

Many different tractors standing in row at auction.

Whether you need to get your items sold quickly or need the best possible deal, auctions make large equipment transactions easy for both the buyer and seller! Many manufacturers need to make way for new ranges of equipment, and the rental market needs to refresh their fleet regularly, meaning all redundant equipment usually heads to… Read more »

How to Score a Bargain at a Live Auction

Finding a Deal at an Auction

Live auctions can be both exciting, and intense. They’re incredibly fast-paced events, where auction-goers bid against one another in a format that can be dizzying if you’re new to it. But actually, live auctions are a great place to find a deal—it’s where the real value of an item can be appraised and debated. That’s… Read more »

How to Succeed at Buying Land at an Auction

Someone Bought Land through an Auction

A land auction offers one of the easiest ways to invest in property. The process is very straightforward, and every potential buyer is placed on a level playing field. Here are a few things to know in order to be successful at your next land auction! Research and be prepared Often, the team of real… Read more »

A Guide to Live Auction Etiquette

People putting up bids at an auction

Planning on attending a live auction but unsure of the proper etiquette? Read on for some helpful tips so that you’ll be ready to start bidding! Do: Bid for what you want Only bid for items you really want to win. Try not to get caught up in the excitement and bid on something you’re… Read more »

Tips for Buying Firearms at Auction

Auctions are a great way to get a good deal on all different types of things. You can buy everything from multi-acre properties to farm equipment to used cars and beyond. One of the more popular items that auction goers are often seeking? Firearms—yup, you can buy those at auction too! Whether you’re looking for… Read more »

4 Red Flags to Watch for that Signal an Auction is a Scam

Auctions are great for people who want to sell their items, house, or land quickly, and buyers looking for a bargain. Unfortunately, there are others who will prey upon your interest in these benefits and run a scam auction, for both live and online events. These scams may include overpricing items or selling items the… Read more »

3 of The Biggest Mistakes Bidders Make at Auctions

Going to an auction to battle for a property or an item you have your eye on can be intimidating. You might be scared to overbid and waste money, underbid and miss out, or even speak up and place your bid in the first place. But when you finally hear the auctioneer say “sold!” on… Read more »

An FAQ On Online Auction Bidding

Internet and smartphone technology have truly revolutionized different industries far and wide—and the auction industry is no exception. Virtual auctions and mobile apps make it easy for bidders and buyers to connect quickly and from the comfort of their own homes. Here at Smith & Co Auction & Realty, we like to make it as… Read more »

4 Steps to Prepare for Auctioning Your Farm Equipment

When you’ve decided to invest in new farm equipment or liquidate your farm altogether, an auction is one of the most efficient ways to sell your old machinery. Farm auctions attract a wide pool of potential buyers to compete for your items, driving up the price and getting them off your hands in a single… Read more »

3 Strategies for Winning an Online Auction

Virtual auctions and online auctioning platforms have emerged more prominently over the past decade and made auctions far more accessible to both buyers and sellers from all over the world. With their many benefits, it’s not hard to see why online auctions have become so popular. But remember—winning at an online auction is going to… Read more »