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Posts Tagged ‘Surplus’

If you have never participated in a free government auction then you are missing out on a lot of really good deals on seized and surplus properties. These auctions are free to the general public and only require that you are at least 18 years old and have a valid driver’s license. There is no cost to participate in these auctions; that is until you make a winning bid.

There are two types of government auctions; the seized property auction and the government surplus property auction. The types of items up for auction at these two types are different because of where they come from but you will find great deals at either type. You will also find auctions that combine a mixture of the two making for a better cross section of stuff to choose from.

A surplus auction is basically an auction of the stuff that federal, state, and local governmental agencies no longer want or need. These aren’t really high end items like you might find at a seizure or repo auction but it is in good shape and can be had for pennies on the dollar. You will find cars, trucks, boats, office supplies and furniture, computers, and in some instances even aircraft.  Read more...

Every year federal, state, and local government agencies find themselves with surplus goods that they no longer need. To get rid of this excess stuff they offer it at government surplus sales and auctions at big discounts. These sales and auctions are full of the same items you’ll find at any retail store with the only difference being price.

These surplus auction sales can be a great place to find office supplies for new and growing businesses. You can also find household items that you can use around the house. These sales can also be a good place to buy surplus items at a big discount that can then be sold at a profit on auctions sites like eBay.

All government surplus auctions and sales are free to the general public. As long as you are 18 years of age or older and have a valid drivers license. You will of course need money as well if you wish to purchase or bid on anything.

So why does the government have all this surplus it needs to get rid of ever year? The simple answer is that all these government agencies, from federal to local, buy billions of dollars worth of equipment, supplies, and sundries every year. This leaves these agencies with lots of older, slightly used, goods that still have a useful life outside of government use. Buy selling these items at surplus sales or auctions the government is able recover some of the cost and save the American taxpayer some money.  Read more...

It’s hard to find anyone who doesn’t want to save money when buying big ticket items. There is no better feeling then buying a new car or a piece of real estate and knowing you got a great deal. If you are one of these bargain loving individuals then government seized and surplus auctions could be the perfect place for you.

Every year the government seizes thousands upon thousands of vehicles and other property as a result of criminal activity, tax liens, defaulted loans, and to pay back taxes that are owed. At the same time federal, state, and local governments replace their own properties which leaves them with a surplus of goods that need to be gotten rid of. Because storage space is limited and costly it is in these agencies best interest to get rid of these properties as quickly as possible. The best way to do this is to auction these seized and surplus properties off at discounted prices to the highest bidder.

The government has been auctioning off seized and surplus stuff for years but only those in the know knew about it. This has changed with the coming of the internet which has brought the auction scene to the general public. These auctions have always been open to anyone who wanted to attend but in many cases most people didn’t know about them let alone when and where they were being held.  Read more...

If you haven’t heard of online government auctions then you may be missing out on great deals on seized and surplus properties. There is almost nothing you can’t find at one of these auctions because when we are talking government we are talking federal, state, county, and local agencies and they all have a lot of stuff they want to get rid of.

If you are looking for a new slightly used car or truck, a boat, or maybe some construction equipment you can probably find it at an auction.  If you’ve ever thought about owning a bar or restaurant buying a seized business can save you thousands of dollars. The point is if it’s something you need chances are there is a government entity that is looking to get rid of it.

Where, you may ask, does the government get all this stuff that needs to be auctioned off online? There are two main sources that provide all these items; government surplus and government seizures. There is so much of this stuff that the only way to keep storage and maintenance costs to a minimum is to sale it at very low prices.

Auctions of these types have been going on for years, well before the proliferation of the internet online government auction sites. Now that the internet is a part of everyday the government has found that it can move more goods more quickly with better monetary returns by using the private online government auction sites. Because of this it is exceedingly easy to use one of these sites to peruse the millions of items that come up for auction every year.  Read more...

There are many advantages to buying goods at government auctions, the first of which is the great savings that can be found at such gatherings. Many of the same items that you find at retail stores and the big box stores can be had for pennies on the dollar. If you are looking for an item for your home or business there is a good chance you can find it at an auction. On the other hand you can turn buying discounted goods into a business by turning them around and selling them for a profit.

These government auctions are free to participate in and are open to the general public. About the only requirement to place bids is being 18 years of age and having a valid driver’s license. Working for the government is not a requirement either so just about everyone can attend and bid on surplus items.

So just what is surplus and why does the government auction it off? Surplus is property that the federal, state, and local government agencies no longer needs. In many cases this property is donated to worthy causes or non-profit organizations but even then there is more surplus then can be donated. It is then auctioned to the public.  Read more...