 |
Government Auctions -
Find
just about anything cheap.
You've seen the ads. Buy houses for 100 dollars,
new Mercedes for $50. The deals seem too good to be true, and they are, but the
sources of the deals are legitimate. Government agencies use auctions to reduce
surplus inventory and sell items sold in raids and seizures. The list below will
give links to where the goverenment sells at auctions and how the auctions work
| Source |
Description |
| GSA
Auctions | • Online
bidding for items based at various locations
• Government surplus, seized,
and forfeited property
• Payment due within 48 hours after auction end
• Lots need to be picked up 10 days after auction end
|
| US
Treasury Dept. | •
Vehicle sales held every 4 weeks in Chula Vista CA
• Auctions held every
9 weeks in Los Angeles CA, Edison NJ, Miami/Ft Lauderdale FL, El Paso TX, Nogales
AZ
• Real estate auctions held throughout the country
• Usually
it is required that bidders attend sale to bid; some phone bidding available
• Register prior to sale, a deposit may be needed to register
•
Recommended that bidders attend sale preview
• Check terms of sale, typically
purchases of $5000 or less required to pay in full
• Some items are marked
for export only
| |
Department
of
Defense Surplus - Government Liquidition |
• Offers sealed bid and online auctions for items based at various locations
• Payment is by credit card
• No delivery by sellers on lots won
• Condition of items available with lot description, description by "FSC"
code
• Government Liquidition is contracted by Defense Reutilization
and Marketing Service to sell items that are usable and non-demilitarized
| |
Defense Reutilization
& Marketing Service |
• Bid for items based at various locations, usually at or near a military
base
• Auctions held at various times
• All property for sale
grouped by a "FSC" code
• An "FSC" code gives details
on the condition of the item | | | |
Click
to learn about state unclaimed property auctions |
