Estate auctions can be a great way to find unique and valuable items, including real estate properties, at a reasonable price. However, if you have never attended an estate auction before, it can be overwhelming and intimidating. In this article, we will provide you with five tips to help you prepare for an estate auction and make the most of your experience.

Estate Auctions 101: What to Expect and How to Prepare

1. Research the Estate Auction

Before attending an estate auction, it is important to research the auction company and the items that will be sold. You can usually find this information on the auction company's website or by calling them directly. This will give you an idea of what to expect and how much you should be willing to spend on certain items.

2. Set a Budget

It is easy to get caught up in the excitement of an estate auction and overspend on items. To avoid this, set a budget for yourself before attending the auction. Make a list of the items you are interested in and determine the maximum amount you are willing to spend on each item.

3. Attend the Preview

Most estate auctions have a preview period where you can inspect the items that will be sold. This is a great opportunity to examine the items you are interested in and determine their condition. Take notes and pictures of the items you are interested in, and ask the auctioneer or auction company any questions you may have.

4. Register to Bid

To participate in an estate auction, you will need to register to bid. This usually involves providing your contact and payment information. Make sure to arrive early to the auction to complete the registration process.

5. Bring the Right Payment Method

Most estate auctions require payment in full on the day of the auction. Make sure to bring the right payment method, such as cash, check, or credit card, to pay for any items you win.

Preparing for an auction is key to a successful bidding experience. If you are looking for a reliable and experienced estate auction company, consider Greenway’s Real Estate & Auction Inc. They have been serving the Covington, VA area for over 60 years and offer a wide range of auction services. Contact them at (540) 962-1155 or visit their website for more information.