Monday, September 29, 2014

Who Is Allowed To Attend A Government Auction?

Who is allowed to attend a government auctionIf you’ve been following along on our blog, you know that we’ve written about over half a dozen different auctions that you can attend, including police auctions, bankruptcy auctions, US Treasury auctions, Department of Defense Auctions, GSA Auctions, US Customs auctions, US Marshals auctions, and others.   At these auctions you can find just about anything, from new and used cars to electronics, real estate, and lots of other things. One topic we thought deserved some more attention was the matter of who, exactly, is eligible to attend all these auctions? Are they completely open to the public or do you need some kind of special license, is a question we get asked a lot. Let’s dive right in and look at some scenarios!

General Admission: This one is pretty easy; anyone can attend these auctions. If you’ve got some free time and just want to go stand around and watch an auction you are free to do that (we suggest doing this anyway if you’ve never been to an auction, so you can get a feel for the process). However, you still need to meet the minimum age requirements (18 years old) and have money if you wish to bid.

Trade Restriction: These types of auctions are only open to persons of specific trades. The sale of tobacco is one case where the general public is not allowed to attend. The reason these restrictions exist is to only have people at the auction that actually have some intention of buying. Another reason is that these types of auctions have certain terms and restrictions that are expected of people in the industry. One example of this might be hazardous materials, which need to be handled by a professional. Some other types of trade restrictions include: large machinery, raw gems, jewelry, salvage yards, electric component parts, raw materials, drugs and alcohol, and others. Sometimes, you will also find that assets that are sold in bulk or wholesale are sold with trade restrictions.

Financial Restriction: Anyone who has ever attended a government auction knows that sometimes items sell for tens of thousands of dollars or more. From time to time, in order to ensure that only serious bidders attend, certain financial restrictions are set. These restrictions can vary from auction to auction, but typically involve a cash or certified check deposit, which is collected before you may be admitted to the auction. If you do not win the auction, or if you change your mind and do not bid at all, your bid deposit is refunded. If you are the winner, your bid deposit is applied toward the final purchase price. We’ve seen many auctions, especially the higher priced ones, that have a bid deposit. Although the process of submitting a bid deposit can seem a bit cumbersome and annoying, it can actually work to your advantage. The bid deposit requirement often works to limit the number of bidders, which means less competition for you.

Be prepared to put down anywhere from 10%-20% of the purchase price. If you are the winner of the auction, make sure you are able to follow through and complete the purchase; otherwise your deposit will be forfeited.

Now that you are familiar with the various requirements for admission to a government auction, you can start searching for auctions with confidence. If you are ever unsure of what the requirement are, just contact the auctioneer and they will let you know. Many of the auctions listed on GovernmentAuctions.org are general admission auctions. In those instances where a bid deposit is required, it will clearly say so in the description.


Posted in Announcements
Wednesday, September 24, 2014

Lot of Miscellaneous Office Chairs: More Cush For Your Tush!

chairzI need of some new chairs for the office or place of business? Well you’ve come to the right place because currently available for online auction is this lot of miscellaneous office chairs! There are 14 chairs in total, all of which range in size and style. There are cloth, mesh, plastic, and leather chairs included in the lot. The chairs also range in condition, some of which may be damaged, stained, or ripped, but otherwise in good working shape. We strongly recommend that you come in for a thorough inspection prior to bidding. The current asking price for the entire lot is only $10 with no bids as of yet. That’s a small price to pay for comfort. If you’d like to find out more about this online auction that will be ending in just 6 days, 23 hours, and 30 minutes, then all you have to do is click here in order to activate your 3 day free trial account now!

 

 

 


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Posted in furniture, Online Auction, Online Auction Items, Surplus
Wednesday, September 24, 2014

2002 Beneteau Oceans 505 Sailboat: Even Jacques Cousteau Had a Beneteau!

benetOK well not really; he didn’t actually own a Beneteau, but if we was looking for an awesome sailboat with a ton of cool features then he probably would have! Anyway, this 2002 Beneteau Oceans 505 Sailboat is now currently up for online auction and is awaiting your online bid! Known as “Elegance” this sailboat measures an impressive 50 feet long, has a 15 foot beam, and is in overall fair condition. Issues with the sailboat include some new interior upholstery, engine repair, and a refrigeration system that is currently offline. The hull is in fair shape but may need repairs, which is why a thorough inspection of the sailboat is strongly encouraged. The winning bidder will also be responsible for the boat’s removal. The current asking price for it is $59,850 with 3 online bids already placed. This auction will be ending in precisely 7 days, 1 hour, and 33 minutes so hurry up and activate your 3 day free trial now to find out all about it!

 

 


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Posted in boats, Online Auction, Online Auction Items, Seized
Wednesday, September 24, 2014

Single Family Property In Seward, AK: Escape City Life!

sewardLet’s kick Wednesday’s auction deals off with this charming real estate property located in Seward, AK. This traditional style property comes with 0.23 acres of land and contains 2 bedrooms, one bathroom, spacious kitchen, living room, and a full sized basement. The home also has a large fenced backyard as well as hardwood floors throughout the property. Located near schools, a hospital, and places of commerce, this additional offers a beautiful view of nearby Mount Marathon. The home is in very good shape and is ready to be moved into. The current asking price for it is just $150,000 with no bids as of yet. To find out more about this online seized property auction and how to schedule a preview before bidding, simply click here to activate your 3 day free trial account!

 


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Posted in Online Auction, Online Auction Items, real estate, Seized
Tuesday, September 23, 2014

Single Family Property In Fort Myers, Florida: The Perfect Home For A Family of Beach Bums

ftmyerToday’s first auction deal of the day is for this lovely piece of property located in sunny Fort Myers, Florida. Situated less than 5 minutes from the beach, this home has 1,427 square feet of living space and comes with 3 bedrooms, 2 full sized bathrooms, an eat in kitchen, living room, dining room, fenced back yard, and a fully screened patio. Additional amenities of the home include tiled floors, a fully furnished kitchen (range, refrigerator, microwave, dishwasher), and hurricane shutters just to name a few.
The home itself is in great condition both inside and out and is totally ready to be moved in to. The current asking price for it is just $157,000 with no bids as of yet. To find out more about this online auction that will be ending in less than two weeks then all you have to do is click here to activate your 3 day free trial account.


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Posted in Online Auction, Online Auction Items, real estate, Seized
Monday, September 22, 2014

Single Family Home In Columbus, GA: 2 Days Left To Get In On This Deal!

columbusTake a look at this next auction deal for a beautiful property located in in rural Columbus, Georgia. This ranch style residence was constructed back in 2002 and contains approximately 1,777 square feet of living space that sits atop a 0.34 acre lot. Inside of this property you’ll discover four bedrooms, two bathrooms, eat in kitchen, living room, dining room, an attached two car garage, and a fully enclosed back yard with wood privacy fence. The home itself is in great shape both inside out and doesn’t need much work aside from a paint job. Situated just 12 miles from Benning, GA; this home is situated bear schools, hospitals, and places of commerce. This home will be going up for live auction in precisely 2 days, 1 hour, and 35 minutes so if you’d like to find out more about it and how to participate, then all you have to do is click here to activate your 3 day free trial account.

 

 


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Posted in Online Auction, Online Auction Items
Monday, September 22, 2014

19 Foot 2004 Seaark Utility Boat: Grab Some Bait and Tackle and Get Fishing!

seaaNext up on the auction block is this very cool boat and trailer combo now available for online bid. This 2004 Seaark utility boat measures 19 feet long and is made of heavy duty commercial construction materials. The hull is made from aluminum and comes with amenities such as a center console, leaning bolster, hydraulic remote steering, engine guard, and trim tabs. It also comes with a 90 horsepower Honda four stroke outboard engine and is capable of comfortably seating up to 5 people. The trailer itself is in very good condition with only a couple of slight dings. The winner of this auction will be solely responsible for the boat and trailer’s removal. The current asking price for everything is just $2,550 with 14 online bids already placed. This item is being held in Tampa, Florida, and the auction ends in just 9 days, 6 hours, and 3 minutes, so click here now if you’d like to learn more about it!

 

 


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Posted in boats, Online Auction, Online Auction Items, Surplus, Trailers
Monday, September 22, 2014

2011 Ford Escape Hybrid: The Exact Opposite of a Gas-Guzzling SUV

escapeLet’s kick today’s auction deals off with this 2011 Ford Escape Hybrid SUV that’s now currently available for online bid. This vehicle is currently being held in Fairton, New Jersey and was previously used by the DOT. This particular 4 door model has a 4 cylinder engine, automatic transmission, front wheel drive, keyless entry, power windows, power mirrors, power seating, front and rear airbags, tilt steering, AM/FM/CD stereo, premium alloy wheels, and just 109k miles. Visually, this Ford has a few scuffs and blemishes but is in otherwise perfect running condition. The current asking price for it is only $4,555 with less than 24 hours left to place your online bid! If you’d like to learn more about this auction deal, then all you have to do is click here to activate your 3 day free trial account.

 

 


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Posted in autos, Online Auction, Online Auction Items, Surplus
Friday, September 19, 2014

12-Point Checklist For Buying Cars At Government Auctions

Car Auction ChecklistGovernment Auctions can be a great place to find used vehicles of almost any make and model, and if you’re prepared you can potentially walk away with a bargain. However, it’s important to keep expectations in check and know what to look for before attending an auction. Are you going to get a brand new Cadillac for $1,000? Most likely not. But you might find a slightly used pick-up truck for a few grand less than it’s actually worth or a retired police vehicle for a few thousand bucks. With that out of the way, let’s get started:

Previewing Vehicles:

Before the auction takes place you are allowed to preview and inspect the vehicle in most instances. At this point, we would advise you to use a mechanic unless you happen to be an expert in cars yourself. Even if the auction states that the car is sold “as-is”, this just means you won’t be able to test-drive it, but you may still be able to inspect it.

Often times, the car will also be started up and maybe even allowed to run with the hood up for several minutes. It’s a good idea to have a checklist, so you know what to look for.

Sample Checklist

1. Examine the body of the car. If there are excessive dents and dings for the car’s age, then that will give you an indication of how the previous owner(s) treated the car.

2. Look out for paint jobs. If the paint appears to be brand new, the car may have recently been in an accident or have rust hidden underneath. Keep in mind that many accidents are not reported, so running a Carfax alone may not be enough to determine if the car has been in an accident. One solution is to buy or rent a paint meter, which will reveal in just a few seconds if the paint on the vehicle is original or not.

3. Look underneath the car to see if there are any leaks.

4. Check the tail pipe. If the outer edge is black and sooty, the car may need a tune-up.

5. Bounce the car. This is a good way
to tell if the car needs new shocks. If the car keeps bouncing for several seconds after the initial bounce, then the shocks may be worn.

6. If the tires are unevenly worn, this could be an indication of bigger problems, such as an alignment issue or worse, the car has been hit.

7. Check the odometer. If it looks too good to be true, then it probably is (e.g. a 10 year old car usually doesn’t have 50,000 miles on it).

8. While the car is running look to see what kind of smoke comes out when the engine is revved up. If the smoke is blue there could be engine problems.

9. If it’s possible, ask the guy who starts the car to go through the different gears. If you hear a noise while shifting, there could be transmission issues.

10. Look at the car’s engine while it’s running. If the motor is shaking, the car might need new motor mounts.

11. While the car is not running look inside the radiator tank. The water should not be rusty or have a film on it.

12. Pull out the dipstick and check the oil. If it looks sticky, the car may not have been well maintained. If it is brown or gray, there are some serious problems under the hood. And if it’s extra thick, this could indicate a cover-up for some serious engine problems.

Following this checklist certainly won’t guarantee that the car you buy will be problem-free, but at least you will have a better idea of any underlying issues that may exist before you cast your bid.


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Posted in autos, Online Auction, Police Auctions, Seized, Surplus
Friday, September 19, 2014

1992 John Deere 2755 Tractor with Loader: Get The Job Done Right

JDaKLet’s kick today’s auction deals off with this 1992 John Deere 2755 tractor with loader, serial #L02755U762889. This tractor is in very good mechanical condition and aesthetically it’s also in good shape with just a slightly bent fender and a missing light. The tractor has approximately 2,697 hours of use on it. An inspection of the item is strongly recommended before bidding. Why spend tens of thousands of dollars on a tractor when you can get this one for a mere fraction of the cost? As of right now, the current asking price for this John Deere is just $16,511 with 13 bids already placed. This auction will be ending in precisely 4 days, 10 hours, and 58 minutes, so be sure to click here right now in order to activate your 3 day free trial account.

 

 

 

 


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Posted in Online Auction, Online Auction Items, Surplus