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PropertyRoom Review

Wednesday, January 22nd

2025 Online Auction Site Reviews

PropertyRoom Review 3 Star Rating

PropertyRoom

3 Star Rating
  • One-stop shop inventory
  • Timed bidding auctions
  • Only a few hundred items in stock
  • Offers unique vehicle options
  • "A+" rating from the Better Business Bureau

If you're on the hunt for a unique online auction experience, PropertyRoom might just be your ticket. While it's not your typical penny auction, PropertyRoom offers auctions that start at just $1.

Focus on seized property

What sets this platform apart is its focus on police-seized property. With an extensive network of 4,400+ law enforcement agencies, municipalities, and small businesses participating in live auctions, PropertyRoom offers a unique inventory you won't find at other auctions. The company has been in business for over 20 years and holds over 700,000 auctions every year.

Easy browsing across the whole site

PropertyRoom is managed by their on-staff ShopKeepers who help put together curated categories to make shopping that much easier. So, it's no surprise that navigating PropertyRoom is a breeze. To register, you just fill out a single form and set up your preferred payment method (even PayPal for added buyer protection). The user-friendly interface includes a range of collections and items visible on the front page with helpful photos to give you a clear idea of what you're shopping for. Plus PropertyRoom offers a personal touch: you can set up watchlists and email alerts, and add your shipping information, so you can narrow down your selection to items near you.

Easy bidding, but non-police can't sell here

Bidding is a straightforward process that keeps you engaged and excited about potentially scoring a great deal. Most of the auctions are just bid and click, so you don't have to constantly monitor the auction. Keep an eye on the date and time that they'll end though to make sure you keep the highest bid when the auction closes. With some of the auctions starting as low as $1, you can find some excellent deals on this site. However, this isn't a place where you can sell old items. All of the inventory at PropertyRoom comes from items seized by law enforcement. So, if you're not affiliated with a police station, you're not able to sell at PropertyRoom.

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Lower-than-average inventory

At PropertyRoom, you can find items on auction spanning from electronics to cars. We even saw a Mack Truck on sale during our research. You can expect to find categories like bikes, coins and bullion, collectibles, computers, electronics, fashion, art, jewelry, musical instruments, steal of the day, sunglasses and eyewear, vehicles, and everything else you can imagine including firearms.

Comparison items

To see how the inventory at PropertyRoom stacks up against the competition, we checked out searches for watches, autographed items, and iPads, which we also looked at with other auction sites. At PropertyRoom, we found:

  • Watches: 422 results
  • Autographs: 11 results
  • iPads: 30 results

In general, PropertyRoom is one of the lower inventory picks in this review. So, if you have your heart set on something specific, this may not be the ideal auction site.

Good place for vehicle auctions

One notable highlight of PropertyRoom is their car auctions. They provide ample photographs and a wealth of information about each vehicle, including the VIN number and odometer mileage. However, many of the cars on sale have been in accidents or are damaged in some way, so you need to be prepared to take it to a mechanic or rebuild the car yourself.

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No return policy

Unfortunately, PropertyRoom cannot approve returns or guarantee third-party repairs for items in any situation. If you have received a product that doesn't match the described working or physical condition, you're stuck with the item "as is”. The company further states that it isn't responsible for any damage that isn't pictured in the photos. So, it might require you to reach out during the auction to check on anything you might be concerned about before the auction is won.

Low ratings warn about dishonest listings

While PropertyRoom does hold an "A+” rating from the Better Business Bureau, feedback from third-party review sites shows another side. There isn't a single review site that rates PropertyRoom higher than 1.5 stars out of 5, which is somewhat concerning. The most regular complaint is that PropertyRoom sells items that don't actually match the photos or product descriptions, and once the buyers have the item, it's too late to do anything about it. Customers also complained about hidden shipping fees and warned others to check item descriptions closely.

PropertyRoom has some room to improve

While PropertyRoom is a unique auction site with low-cost starting points, those don't make up for the less-than-stellar features of this service. With a low inventory and no unique items you couldn't find on another site, PropertyRoom doesn't stand out in that area. Plus, with no return policy in place and a concerning amount of reviews talking about dishonest listings, PropertyRoom falls right in the middle of the pack.

Where's the Best Online Auction Out There Today?

If you're on the hunt for used items or rare finds, online auctions can be the best place to look. Just a quick search will reveal tons of online auction websites designed to help you sell or buy a wide array of goods. These digital marketplaces serve as the perfect arena for individuals to trade everything from household products and furniture to antiques, electronics, collectibles, cars, and clothing.

Online auctions offer a distinct advantage by granting you access to unique products that might otherwise be hard to find at traditional stores. Whether you're looking for rare collectibles or a very specific item that's not on the market anymore, online auctions are the best place to go. With the potential to score incredible deals or sell items at a price that feels fair to you, there are tons of benefits to shopping at an online auction.

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Online Auction Site FAQ

An online auction is where people from any geographic location can sell and buy items on the internet. Some items can be purchased outright while others require you go through a bidding process to see who will pay the most for that product. Time limits are set and anyone can bid a certain amount of money towards an item before time runs out. Someone may or may not offer more money (outbid), so the price of the item continues to rise until the time is up.
Not necessarily To list items, browse, and create an account is completely free. The only money you'll usually end up paying is the cost of an item if you win an auction. However, there are a few online auction sites that require you to pay a small amount for each bid you place. Also, if you're selling an item, the platform you use may take a small cut of the earnings.
The sky's the limit when it comes to what can be bought and sold through an online auction. Just a few of the many categories you'll find include electronics, collectibles, toys, sporting goods, household items, and business supplies. Pretty much anything and everything you find around you would fit into a category of what could be sold or bought at an online auction.
At an online auction, you'll discover unique products you won't find anywhere else. Whether it's an antique or new electronics that are out-of-stock through traditional retailers, you can find the best deals. You'll be able to buy everything you're wanting and more from the comfort of your home. The best part is that your new and exciting products will get shipped right to your door, so you don't have to pick them up from a store!
If an item up for bid is running out of time, a soft close ensures that everyone who wants to gets the opportunity to put in an offer. For example, if you're trying to buy a luxury watch and place a bid in the last couple minutes of a live auction, another minute or so will automatically be added to the bidding time to allow for anyone else to bid higher than you. This prevents people from placing bids at the very last second and closing an item before someone else gets the chance. It also helps guarantee that the seller is able to get the highest dollar amount possible for the item they are selling.
Some auctions have bidding increments to prevent people from outbidding each other by insignificant amounts like a penny. It makes it so that people have to be serious about placing a bid because they are offering a reasonably higher price than the person that bid before them. For example, if an item is currently listed for $1,600, a bidding increment might be set at $100, which means the next bidder must offer at least $1,700 in order to participate.
Participating in an online auction is as easy as creating a free account on the auction platform and browsing the site for items you're interested in. Once you find something you want to bid on, you'll most likely need to provide payment information upfront and then you can select your item and enter the amount you'd like to bid. It's important to keep watching items you really want in case someone else outbids you and you want to bid again. If you want to sell an item, you will list it by providing a description of the product, a starting bid amount, setting a bid increment, and other relevant information.
The short answer is no. Once you place a bid on an item, you're locked into paying for it if you win the auction. Make sure you are always willing to pay what you say you will and that you seriously consider any purchases before bidding. Some auctions might get outrageous as far as what people are willing to pay, so be sure not to get caught up in the action if you don't have the funds to pay for an item. If you do find yourself unable to buy what you've won in an auction, it is best to contact the seller and ask if they will cancel the transaction and either re-list the item or offer it to another bidder.
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Continued from above...

If you're looking to sell, you wield the power to showcase your items in an online auction. You can rest assured that thousands (maybe even millions) will see your items, helping you get the best deal out there. However, what truly defines the charm of these platforms is the democratic nature of the bidding system. Anyone can partake by placing their bids, each incrementally elevating the price of the item. Once the curtain falls on the auction, the highest bidder emerges victorious, earning the privilege to claim their prize. This means you might even make more money on your sale than you expected if a bidding war ensues.

If you're on the other side of the auction - looking to buy, or simply an enthusiastic shopper in search of that elusive, one-of-a-kind item - you can tailor your choice of online auction sites to your needs. Whether you're looking for a vintage locket or the newest Apple Watch, you can find anything and everything on these platforms. Plus with low starting prices, online auctions transform seemingly unattainable items into tangible acquisitions that you could win at the click of a button. You'll have access to great deals and rare finds that you might not stumble upon in your local stores.

As you venture into the realm of online auctions, you'll find that not all platforms are created equal. The key to a fulfilling online auction experience is finding a platform that offers a top-notch user experience.

If you're not sure how to start narrowing down your options, here are some criteria to bear in mind as you browse:

  • User-friendliness. Look for websites that are a breeze to navigate. A clutter-free, intuitive interface, coupled with clear product descriptions and transparent auction rules, will help you have a hassle-free experience. After all, the last thing you need is to waste time learning to use a website while trying to explore items and place bids.
  • Product selection. The array of goods varies from one online auction site to another. While some may specialize in liquidated items, others may cater to antiques, collector's items, or offer an eclectic mix of products. The choice of a site should reflect the category of items you're seeking to buy or sell.
  • Reputation. Place your trust in well-established platforms with a reputable track record. Finding auction sites that are verified by the Better Business Bureau or those that have verified user reviews can help.

To help you find the best online auction site out there today, Top Consumer Reviews reviewed and ranked different platforms so that you don't need to worry about it. We hope that our reviews will serve as a compass, guiding you to the platforms that best align with your selling-and-shopping pleasure, so that you can focus on what's most important: uncovering those new and exciting items at outstanding prices (or connecting with buyers who will pay top dollar for what you have).

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