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2018-11-11
1/5
Too good to be true
"I"ve been buying auctions for years and have always done the best with police seizures and county/state surplus, so when I found propertyroom I was stoked. The major complaint I've had with most online auctions I've participated in was the fact that the platforms usually had bad websites. Propertyrooms website is great. Unfortunately that is the only good thing I can say. As a reseller you are always looking to maximize profits and propertyroom makes sure there is no profit to be had...
Their customer base is mostly suckers who enjoy the idea of competing for the items, rather than educated consumers. If you doubt this then be my guest, look at a few items, search the completed listing on e-bay, Amazon etc.... see what their actual value is, make sure and add in their excessive pickup/delivery charges and sales tax.
You will see across the board that when you add in all the fees, the fact that they sell the items individually rather than in lots that you are paying the upper end of the items resale value.
To make it worse all of the worst features of auctions are present
-All sales final
-as is where is
-once the auction closes you own it, wasn't as described, too bad, you need to update information too bad, you need customer service too bad
-items with no watchers and no bids, regardless of how much time is left rarely sell for the opening bid. This is a huge red flag and in my experience usually means that shills from the auction company are bidding on their own items, if you bid 1$ then you will probably bid 4
tl;dr
there are way better options and this site isn't for resellers or smart consumers, buy at your risk"
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