Once you confirm that the auction offers the product you require, it will be necessary to acquire the bases (the document that contains all the auction information; normally this document is paid for as part of the registration), register and, in the case of a face-to-face auction, attend the event on the day, place and time indicated. It is worth mentioning that registration implies the delivery of certain documentation and the seriousness guarantees corresponding to the lots in which there is an interest; normally a deposit of approximately 10% of the starting price is left.
It is important that you check that the property or property in which you are interested are in good condition. For this, it is necessary that you ask about the eye visits, which are carried out prior to the day of the auction and are used to review the products. During the event you will be given a paddle (something similar to a table tennis racket) that will be used to make the bids, that is, the offers for the objects we wish to acquire.
If you are the winner of a lot (product or item), the seriousness guarantee will automatically become a performance guarantee in order to ensure full payment of the good or goods purchased. Normally the auction houses give five business days after the closing of the event to settle.
Among the benefits of acquiring goods through auctions are: transparency, excellent products, prices below the average, security, comfort and a wide range of products, among others.