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Each
year, millions of dollars in possessions are seized,
repossessed or ordered in surplus by the US Government.
Fortunately, the law requires the Government to offer
these items to the public. The most common method of
parting with this overage of property is through US
Government auctions sales.
Auction shoppers can find almost everything they need.
These affairs offer a unique opportunity to the right
person – purchases at bargain basement prices which you
can turn around and sell at a profit! The money to be
made staggers the imagination. US Government auctions
From
property seized by police officers or customs officials
to repossessions by the Department of Housing and Urban
Development, there are thousands of items of all types
available at rock–bottom prices at US Government
auctions.
Whether you're merely buying for yourself or seeing this
as a line of business that could make you a substantial
profit, the key is to identify and locate these US
Government auctions.
You
name it! Houses, cars, jewelry, yachts, government farm
equipment, computers, firewood – it's there for the
bidding … and the buying! And, eventually – the selling
for profit!
You
don't need much experience to buy at US Govt. auctions.
You are already familiar with what many of these items
cost today on the open market. If you buy it far enough
below market value, you can still sell the property
yourself at a discount and make a handsome profit.
If
you yourself have always wanted to own a luxury yacht,
here's your chance. You'll never find your dream
purchase at a lower price.
You
could even start a second–hand store or set up shop at a
flea market or swap shop to peddle your merchandise
after you've acquired it at US Government auctions. Many
of these places are havens for shoppers. You've simply
gone them one better by obtaining the good (s) at an
even lower price than they'll pay–– and they’ll be
pleased with their "bargain".
The
purpose of this webpage is to point you in the right
direction to find out about the various auctions that
are held by virtually all branches of Government.
There are open–bidding auctions, where you shout out the
dollar value you're willing to pay following a minimum
bid requirement called by the auctioneer. There are also
sealed–bid auctions where you submit the price you're
willing to pay. You get only one shot at that type of
bidding.
Be
careful with the open bid auctions. You can become so
focused on a particular piece of property that you end
up in a "bidding war" that ends up with your paying more
than you should and cutting well into your eventual
profit. Be disciplined! Set a dollar limit ahead of time
so that you can let certain items go if the bidding goes
too high.
This
is a business now, so common money sense is important.
You must now think in terms of expenses vs. revenue.
If
you have a certain hobby or interest, property in this
area may be your natural market. If you specialize, it
can help you concentrate on only those items in the
large auction areas where there are hundreds of people
bidding for thousands of goods. Your focus will be in
your area and you'll soon be an expert on costs, prices
and resale’s of this commodity.
US
Government auctions can be hyped up – to the point of
temptation to overbid. Don't do it! Remember your goal,
your budget and your knowledge of what things cost and
you'll do very well.
Frequently Asked Questions
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Which Government Agencies normally have Auctions and
Sales?
- Department of Treasury;
- IRS;
- Department of Defense;
- FDIC;
- HUD;
- United States Postal Service
- Small Business Administration
- Bureau of Land Management |
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What type of merchandise is sold at government
auctions?
- Almost every product that is for sale in the
United States will at one time or another be
available at Auctions. This is a partial list of the
most common items : Automobiles, Trucks ,Vans,
Buses, Jeep Cherokee, Motorcycles, ( Most Vehicles
are in excellent condition, with low mileage. at
G.S.A. Government Auctions.), Boats, Ships,
Airplanes, Cameras, Office equipment, Computer
equipment, Building Materials, Electronic Equipment,
Farm Equipment, Homes, Commercial Real Estate,
Bicycles, VCRs, Stereos, Power Tools, forklifts,
Audio Visual Equipment, and much more.
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Why does the Government sell goods at auctions?
- All Government Agencies rotate their inventory on
a regular basis. Government Agencies are mandated by
law to put their surplus up for public Auction. The
two largest agencies who sell government property
are U.S. Customs (seized merchandise) and the GSA.
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Where Does All This Merchandise Come From?
- Most merchandise that ends up in government
auctions is surplus. Goods that are over stocked, no
longer needed, or updated. Real estate, Commercial
property, and Homes are sold as surplus. When the
government no longer has a use for them. Or the
property was seized. Or went in to foreclosure from
a loan default. |
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Who can attend these auctions?
- Any one can attend. These auctions are open to the
Public. |
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How good are the Prices?
- The prices vary from auction to auction. To get
the best deals on Vehicles, Airplanes, and Boats,
the GSA Government Auctions, and U.S. Customs
Auctions are the best to attend. To pick up TVs,
VCRs, and Household goods, a local Police Auction is
your best bet. |
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What must I do to bid at a Government Auction?
- Almost all Government Auctions have some type of
registration. You will have to show some form of
identification. When you are registered you will be
given a bidding number. This Number must be shown to
the auctioneer when you make a bid. The auctioneer
will only accept bids from registered bidders.
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Is Auction merchandise sold "as is"?
- Yes, in almost every case Auctions sell "as is".
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Can I inspect the merchandise before I bid?
- All Auctions have an inspection period. It can
range from a few hours before the Auction to a day
or two. |
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If I buy something when can I take it home?
- All items must be paid for in full. Before they
can be removed from the Auction site. In the case of
motor vehicles title will be transferred to you when
they are paid for in full. |
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What forms of payment can I make?
- Cash is always accepted. Cashier's Checks, and
Post Office money orders, are the preferred forms of
payment. Some Auctions if run by a private company
will take Visa, and Master Card. Always check with
the Auction to be safe. US Govt. auctions. Good
luck! |
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The Insider's Handbook To US Government Auction Sales
- Do you want to buy a home, car, computer, furniture or
other goods from the federal government? Do you want to
get an amazing 25%, 50% or Even 90% Off Property,
Vehicles, Boats, Computers, Land, Antiques, Household
Goods...?
The Insider’s Handbook To U.S. Government Auction
Sales... will help you ensure you know where exactly to
get your hands on these bargains!
US Government Auctions
- US Government Auctions - Police Auctions - Billions of
Dollars in Seized Property is Auctioned off Every Year
at US Govt. Auctions and Police Auctions. That's right
-BILLIONS. And most people don't know where or when
these US government auctions and police auctions are
taking place! That is why cars, trucks, boats, real
estate, jewelry and many other items are being sold to
the highest bidder for pennies on the dollar.
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software programs which you can sell royalty-free at any
price. |
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