For Sale, Auction - To Get The Best Price
When a quick turnaround is needed on an item, that item may be placed for sale, auction. The idea is usually that the item will be placed up for auction, but a person who wants to buy it can do so for a set price before the auction ends. There are advantages for both buyer and seller when an item is placed for sale, auction. The most obvious advantage to the seller is that the opportunity exists to sell the item immediately instead of waiting for the auction to end, and to get the asking price for that item. For example, if you have an item for sale at an online auction site, you may get only a fraction of the price you had hoped to get for that item. Bidders may not be rushing to buy. But if you offer bidders that opportunity to buy now instead of waiting for the end of the auction, you may find that someone wants to hurry the process along and is willing to pay that price for the item. The bidder also has an advantage with an item offered for sale, auction. If the competition for the item gets fierce, a bidder who wants to make sure he doesn't loose the item can simply agree to the seller's asking price and end the auction. There are also some disadvantages to the for sale, auction practice. If the item were offered only for auction and several bidders were competing, the price may go well above the asking price. By including the "for sale" option, the seller may be putting a cap on the price he can receive. With this in mind, some items offered at online auctions in the "for sale, auction" category are only offered for sale until the bidding reaches a specific point. At that moment, the seller removes the "for sale" option, leaving the bidders to battle it out.
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