Five Tips to Cash in on Liquidation Sales:
* Comparison shop at local stores. Sometimes they will drop prices to compete with going-out-of business sales. If a liquidation price seems unbeatable, ask a rival retailer whether it can match it or come close. It might be worth paying a bit extra to do business with a store that you think will be around for a while.
* Don’t expect sales advice or service. Sometimes liquidators bring in their own, less-knowledgeable salespeople. So do your research before you go and be wary when asking for technical advice. Also be prepared to transport your own TV.
* Verify the warranty. Ask to see the document. Whether it’s issued by the manufacturer or by a third party, it should still apply after the store goes out of business. But you might call the manufacturer to confirm, especially if the brand is not one that the retailer normally carries. Liquidators sometimes sell items from other failed retailers, and manufacturers might not honor the warranties, especially if the seller is not an authorized dealer.
* Inspect the item. Make sure it’s not damaged and that it has all its parts, accessories, manuals, and warranty documents. If possible, plug it in at the store to verify that it works. Purchases usually are final, so you won’t be able to return or exchange it.
* Pay by credit card. If the product was misrepresented or incomplete, or there’s a problem with its quality, you can dispute the purchase through your card issuer.