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Saving Money With Government Auctions By Gabriel Adams Government auctions are where items that various government agencies have seized are sold, often at excellent prices. With a little knowledge, you can save some money with government auctions. Here is some basic information and tips to help you make the most of government auctions.
What items are for sale at government auctions?
Usually, big ticket items, such as vehicles, houses, land, boats, airplanes, computers, etc.
Where have the items come from?
Usually, the items have been seized by a government agency. Items might be seized in a raid, repossessed due to unpaid taxes, etc. Agencies that seize and sell items include the FBI, IRS, police departments, DEA (Drug Enforcement Administration), etc.
How are items sold?
Depending on the auction, items may be sold at an internet auction, at a fixed price, or at a conventional auction.
How can I find out about items for sale?
There are many ways to find out about items for sale. Searching the internet will provide you many websites that list government auctions.
Some of the sites require a paid membership, others are free.
Tips for buying at government auctions
Look carefully at items you wish to bid on or purchase. Items are almost always sold as is, meaning that if it does not work as you expected it to, or other problem, arise, you cannot return the item.
If there is a preview for the auction you plan to attend, take advantage of it. In some cases, the items will not be available for review during the auction, so it is advisable to attend the auction preview to look at items you are interested in.
What other auctions can I attend to save money?
You may also want to check out foreclosed property auctions. Items at these auctions have been seized by a bank due to non payment of the loan on the item.
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SAN FRANCISCO, CA.- The much-anticipated continuation of Bonhams February 12 sale of property from Serendipity Books in Berkeley, Calif., along with a great selection of European paintings and 20th century designs, will go on the auction block at Bonhams Period Art & Design sale, A...
For Sale by Online Auction Designer Gowns Jewellery Handbags Shopfittings Viewing: Monday 6th February 2012, 1pm to 7pm and Monday 13th February 10am to 4pm Location: The CJM Auction Centre, Dunlop Way, Scunthorpe, DN16 3RN Sales Closes: from 7pm on...
Concept II Rowers Techno Treadmills Life Fitness Pro Strength Machines Rubber Covered Hampton Dumbells Life Fitness Recumbant Cycles Johnson Treadmills and Eliptical Cross Trainers Star Trac Elite Pro Cross trainers Olympic Benches and Bars Cybex Treadmills Powerjog Treadmills ...
Our Auction next week will again take place over two days and will include over 250 lots from two private collections of early and later Chinese pottery, porcelain and objects. Wednesday 15th February, from 10am Pottery, Porcelain & Collectables Thursday 16th February, fr...
FOR SALE BY PRIVATE TREATY ON INSTRUCTIONS RECEIVED FROM A FINANCE COMPANY HP DESIGNJET L2550 60" LATEX PRINTER YOM 2010 THE MACHINE WAS COLLECTED STRAIGHT FROM USE & IS CURRENTLY AT OUR PREMISES IN OSSETT. BUSINESS FOR SALE UPON INSTRUCTIONS RECEIVED FROM THE JO...
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