Some Central Florida shoppers are salivating at the idea of major sales as the Saks 5th Avenue at the Florida Mall begins its liquidation sale.

Saks announced last week it would close its Florida Mall location in March. The company also announced its liquidation sale would begin on Monday.

While many shoppers will flock to the store -- especially with Monday being a holiday -- BankRate.com advises shoppers to be patient and do research before buying.

The web site recommends shoppers use their smartphones to compare store prices to the prices online. BankRate.com says in some cases, stores have raised regular prices before applying discounts.

Shoppers should also meticulously check products for damage or defects. Stores sometimes restrict refunds or returns during liquidation sales, even if a product is damaged.

BankRate.com also suggests shoppers use a credit card for extra protection in case they buy damaged products. Many credit card companies offer their own return policies and can help cardholders dispute charges.

Although it may not work during the Saks 5th Avenue sale, BankRate.com says in some cases, shoppers can haggle with workers to get a lower price.