Generally you're not getting as good a deal as you might think. First of all, you may find better prices online or at other retailers. Keep in mind that liquidators can raise prices that the original retailer already set. They can also get rid of any previously scheduled sales.
Going out of business ads attract consumers who assume they're getting a good deal, so experts claim there is little incentive to actually give those big discounts.
At first a liquidation sale may only give you 10 percent off. But the longer you wait, the more attractive prices get. Plus, when you buy an item from a liquidation sale, there's typically a "no refund" policy, and that can be a big minus if you're buying electronics or a big ticket item.
If you're tempted to buy something at liquidation, check with another merchant and ask how close they can come to price-matching the liquidation price. Before you purchase anything, check that you have all the accessories, the instruction booklet and that the item's in good condition. And finally, always buy your stuff with a credit card. That way you have more consumer protections.
Liquidators for Circuit City have until March 31 to sell their entire inventory, so prices should start to drop significantly in coming days.
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