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PostPosted: Mon Aug 15, 2011 8:38 pm 
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Joined: Sun Aug 14, 2011 9:50 pm
Posts: 1
what are the MUST Do's and Don'ts for someone buying a truck load of overstocks, returns and shelf pulls? I interested in hearing from people who have been doing this and will share their insight and experience. I'm not looking for advertisements from company's. Thanks you


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PostPosted: Tue Aug 16, 2011 12:15 am 
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Joined: Thu Oct 25, 2007 8:00 pm
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Location: Mulberry Grove, Illinois
I think that you have posted in the wrong forum!!


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PostPosted: Tue Aug 16, 2011 5:45 am 
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Heath,
I have Bought Many of These over the Years, First Thing Always Buy From The Reclaim Center, Not Your Brokers Warehouse. There are 2 reasons I say This, First If it is Shipped to Your Broker, Then To You, Thats Twice the Freight You Will end Up Paying,Even if They say It's Not So, Their Cost to Get it To them Is Added into Your Cost. The 2nd Thing, Is there is More Chance If it's in Your Brokers Warehouse, Something has Been Cherry Picked from The Load. I'm Not saying All Brokers Do This, But there are Many Who Do.
Always Shop Around Many Brokers Offer the Same Exact Load,They Hadn't Bought It themselves Yet, Trying to Get it Sold Before They Commit to It, Some Work on Smaller Profits Than the Other.
Also Remember, No matter How "'Clean"' They say the Load Is, These Items were Returned for A Reason, Like I said, I have Bought Many Loads, There is Good Money To be Made On Most, But Several It was Really Close on. I can Honestly Say None We really Lost on. Some are Just alot more Work To Get It In the Profit Line.

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John D. Adams-Auctioneer
Jersey County Auction
Kane,Illinois
http://WWW.JERSEYCOUNTYAUCTIONS.COM


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PostPosted: Wed Aug 17, 2011 7:23 pm 
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Joined: Sun Sep 16, 2007 5:53 am
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Location: Corbin KY
John

You give good information, but your posts are EXCRUCIATING to read on my eyes haha. Wouldn't it be easier not to capitalize every word lol ? Anyways keep the good info coming.

As for the topic, that business isn't for the faint of heart. John talked a lot about brokers, which there are plenty of but sometimes you can get lucky and just go straight to the source. What is it you want to sell? For instance if you want appliances... call Sears or Lowes, tell them you have a pocket full of money and want to buy some stuff haha.

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Adam Hill
Interstate Auction
Corbin KY 40701


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PostPosted: Thu Aug 18, 2011 8:34 am 
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sorry adam.

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John D. Adams-Auctioneer
Jersey County Auction
Kane,Illinois
http://WWW.JERSEYCOUNTYAUCTIONS.COM


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PostPosted: Thu Aug 18, 2011 12:02 pm 
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Adam Hill wrote:
John
What is it you want to sell? For instance if you want appliances... call Sears or Lowes, tell them you have a pocket full of money and want to buy some stuff haha.


I could not have said it any better myself.

Brokers are a daisy chain who add a little profit onto each load.

If someone does not physically own the load and have it available for inspection before you buy, then they are not the right source.

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William F. Burke, CAI - AARE Auctioneer

It's all in my book!
Secrets of an AARE Auctioneer
http://www.aareauctioneer.com
The Most Comprehensive & Complete Guide to selling real estate at auction


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