Differences Between Online Auctions and In-Person Auctions

By Craig Merwood

If you are new to auctions you may well be wondering what the differences between online auctions and in-person auctions are. Of course the most obvious difference is one is on the internet and one is live near you. There are a number of other factors that make them different as well.

First, for an in-person auction, you must find a location near you that hosts such an event. In-person auctions can be hard to find and oftentimes, you must be willing to drive some distance to attend. Online auctions are at your finger tips on the nearest computer or even your personal mobile device. Yes, many auctions can even be seen on your mobile phone wherever you are, making them very convenient. In-person auctions are also only open at set times, whereas online auctions are often going 24 hours a day.

Another major difference is the amount of available items at the auctions. Pickings may be slim if you are after the newest Samsung product or Android phone at an in-person auction. For most in-person auctions, however, you can arrive early and look over the lots that are to be auctioned off that day. This allows you to really see what you will be bidding on, and to give it a thorough inspection. Online auctions are usually endless when it comes to the amount of items you can find, you will often find multiples of items so you can compare and find the one you want to bid on. Online, you cannot physically inspect the item, but you are often provided with multiple photographs of all angles of the item. Most sellers will also often allow returns if an item is not as described in the listing.

The return policy can be another big difference between online and in-person auctions. Most in person auctions are ?as is?, meaning if you bid and win, there are no returns. Online auctions vary with this rule, sometimes based on seller and sometimes based on which online auctions sites you are using. Returns up to 30 days after the item is received is a common practice.

At live auctions you will also have an auctioneer who will ask for bids, see a person signal and will continue until there are no further interested parties. This is typically a very fast process. Online there is usually no auctioneer, just a timer that slowly counts down. At penny auctions, for instance, as the timer gets close to the end people will place a bid at the last second, and often this will extend the time for another minute or less allowing others to place a final bid.

These are some of the big difference between the two options. The best way to see which is right for you is to try them out for yourself.

These are some of the big difference between the two options. The best way to see which is right for you is to try them out for yourself! http://pennydealsdaily.com

Source: http://ninjaseomethods.com/differences-between-online-auctions-and-in-person-auctions/

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