What Is A Liquidation Sale

A liquidation sale happens when a company or person sells stocks, property, or goods at lower prices to quickly get cash or clear out unwanted items. There are several types of liquidation sales: sales when a business closes, bankruptcy sales during the bankruptcy process, clearance sales to remove excess stock, and asset liquidation sales for selling possessions like real estate or vehicles. What Is A Liquidation Sale

Liquidation sales have certain features. Prices are usually much lower, items may be sold in limited amounts on a first-come, first-served basis, products are typically sold “as-is,” meaning buyers accept all risks, and returns are usually not accepted.

The benefits of liquidation sales include potential savings for buyers and the chance to find unique items. These sales help businesses quickly clear out inventory to free up cash.

You can find liquidation sales in retail stores at clearance areas or during going-out-of-business events, online marketplaces like eBay and Facebook Marketplace, live or online auctions, and wholesale websites that offer bulk liquidation deals.