Federal Auto Auction

U.S. government auctions have slowly emerged as a front-runner for aftermarket purchases. Not only are these auctions available in any state, but most counties also have live or online auctions throughout the year. These government auctions have either seized or surplus assets available to bid on. Anyone can bid on these auctions; they are open to the public. This article will give you a better understanding of what exactly these types of auctions are, what you can potentially acquire, and what to do before an auction.

What is the difference between seized and surplus?

- Seized government auctions in the United States typically happen due to certain situations-tax problems, criminally owned items, and smuggled assets through customs are the predominant ways that the government obtains these items. This happens in every state and in many counties. After that specific government entity–be it local, state, or federal–has control of these assets, it then holds live or online auctions.

- Surplus government auctions are in essence an outlet for a government entity to sell items that they don’t have any use for. These items can range from goods to automobiles to properties. A surplus auction is a great opportunity for the public to bid on items that they might need or want to sell, that the government has an excess of.

Why are people getting such great deals at these auctions?

The main reason that people get fantastic discounted assets is because the government doesn’t have a scheme behind these auctions. They don’t have places to store them; nor do they want to keep them if they did have a place. You are getting great deals due to the fact that the government doesn’t care how much they actual make per auction. All it wants to do is sell and remove these items from their premises. Don’t underestimate the amount of money you can save.

What items are at these auctions?

At government auctions held in the United States, you can find an array of items–some which are ordinary auction items, while others are very obscure. You never know what people are interested in. Here are some items typically found at a government auction:

- Cars

- Trailers

- Jewelry

- Electronics

- Foreclosed property

- Coins

Some of the most random items have come up for sale at US government auctions. Here are a few that have sold in the past:

- Blown out speakers

- Rusted spoons

- Head-nets for insects

- Barrels of buck knives

Once you have have found the items you want to bid on, you should have a few strategies that are constant throughout your auction experience. Here are a few:

1. Have a limit and stick to it. This strategy will help you get the best deal come auction day. If you do a substantial amount of research prior to the event, you will know you maximum dollar amount for each item. Checking value guides, other online auctions, and trade publications will give you a figure for the amount you are willing to spend. What you don’t want to do is catch “auction fever.” This is when you want an item, and don’t give yourself any spending restrictions–in turn, drastically raising the bid amount on an item and causing you to handsomely overbid.

2. Try to bid on items towards the beginning and the end of an auction. Statistically, this is where you will find the most lucrative items for the cheapest price. The reasoning behind is this that most people either come to auctions late or leave early because they have exhausted all their finances on the items they already won. Don’t let this strategy scare you off from bidding on items in the middle of the auction. Use your own judgment.

3. Don’t let the auctioneer do the bidding for you. When you are at a live auction, the auctioneer will generally throw out phrases like “do I hear $1000?” or “can I have $550?” These are merely stated to send out an opening bid that is higher then normal. If you don’t think this is an appropriate amount for that item, you should shout out an amount that you feel is suitable. By using those phrases, the auctioneer is trying to control the flow of the auction. Don’t let this happen.

Now that you know exactly what items you can bid on, and the best ways to bid on them, you should know where to find these government auctions. The best place to search for these auctions would be GovernmentAuctions.org. Their website is a nation-wide resource of thousands of different auction listings. It is easily accessible and there are tutorials in case you need some extra assistance. Activate their free trial membership today and your can start bidding on amazing items for discounted prices. Why wait, when you can view all these listings for free!

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http://EzineArticles.com/?expert=Charles_Sokolow

You don’t need to find the end of the rainbow to find your pot of gold these days. Government Surplus Auctions a virtual treasure trove for bargain hunters. These auctions held by government agencies to sell on a large variety of goods that are surplus to current requirements or that have been seized by customs or law enforcement agencies. The goods available range from filing cabinets that are no longer required to luxury vehicles that have been seized from drug dealers. You, as a citizen of the United States, can purchase these items at government auctions with many lots being sold at cost price. The government is not looking to turn a profit on these items so you have the opportunity to grab a bargain for yourself, or you may even be look for goods to flip on for a profit on EBay or an equivalent site. Read on for all you need to know about the hidden treasure to be found at government surplus auctions.

What Goods are Available at Government Surplus Auctions?

In short, I would say you name it and you will find it but I will break that down and be a little more specific.

Vehicles

These vehicles will include abandoned cars, vehicles used by a variety of government departments in the line of duty and seized vehicles including luxury models.

Land and Property

Plots of land and even residential property can be found at government surplus auctions. Again this property may have been owned by a government department that no longer has use for it or it may have been seized for nonpayment of taxes by the owners or because it has been purchased by the proceeds of crime.

Personal/Electronic/Other Items

This category of goods is limited only by your imagination and will include items once used by government departments that are now surplus to requirements, goods seized at border crossings or by law enforcement agencies or the IRS. You will find everything from domestic appliances to jewelry and power tools to office furniture at government auctions.

Where Can I Find Government Surplus Auctions?

There are numerous ways to find these auctions. Many of the resources are free and there are some paid services that provide comprehensive listings. Free resources include local newspapers, classified advertisements, local government agencies and radio advertisements.

There are also a number of websites that provide listings of government and repossession auctions for a small fee. These tend to provide full listings of all the auctions taking place around the country. If you are looking for something specific or you are looking to buy goods regularly to sell on at a profit, it might be worth your while checking out one on these services.

Just a Few More Tips Before the Bidding Starts

Before attending an auction check out a list of goods available and pay attention to the descriptions. If you are planning on buying high ticket items such as a house, land or a car, you might want to do a little research on market values before going to the auction. Make sure you inspect the goods you are going to bid on prior to the auction to make sure they are to your satisfaction.

Also, some auctions will require you to have identification to register and you will need to check their payment requirements.

Government surplus auctions are a great source of golden nuggets that you can buy at bargain basement prices. Whether funds are low and you need something that you can’t afford to pay full price for or you see a business opportunity as a reseller, it is well worth your time to consider this option.

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http://EzineArticles.com/?expert=Joe_Reilly

Buying a used car can be a hassle. Normally you will spend all day trekking from one used car dealership to another and end up not even buying anything. So you’ve wasted a day and are tired and  frustrated at the outrageous prices that dealers want for their cars. You don’t have to do that, there is an easier way to buy a used car and the best part is that you will save a lot of money.

So how can you do that? By going to a government auto auction. There are many public auto auctions located in every state. These police auctions have repo cars and trucks plus government surplus vehicles that are auctioned off and sold to the highest bidder. That means that you can get a quality vehicle for a fraction of the original cost. Imagine saving thousands of dollars on the car that you’ve always wanted.

These cars, trucks and SUV’s can be sold so cheap because they are vehicles that have been repossessed by banks. The original owner has defaulted on their loan, so now the bank has possession of the vehicle. The banks now want to get rid of the automobile as soon as possible to recoup their money. Auctions provide a way that they can move these vehicles fast and easy.

There are also government surplus vehicles at auto auctions. These vehicles come from both federal and state government, police and sheriff’s departments, fire, emergency, hospital and ambulance services just to name a few. These automobiles are very well maintained and many of them will come with log books as well as the service history. The majority of these vehicles will be only two to three years old, have low mileage and some may still be under the manufacturers warranty.

If you are looking for a reliable used vehicle that will save you thousands of dollars, police and government auctions are the answer. You sure can’t beat the price or the quality of these used cars and trucks. After buying an auto here, you will never go back to a dealership again.

Article Source:

http://EzineArticles.com/?expert=Rick_Reynolds