Blog Archives for Government Surplus Auction Guide| GovernmentAuctions.org® Blog

Friday, August 7, 2015

Government Surplus Auction Guide

Government Surplus Auction Guide

Hey there! We heard that you want to know how a typical government auction works, and we would love to help you understand everything from beginning to end.Here’s a behind the scenes¬†look at the government surplus auctions scene from our comprehensive¬†experiences in the field as¬†well as from¬†an online government auctions websites perspective.¬†

There are two main categories of federal government auctions:

A) Seized Property Auctions:

This includes government seized car auctions, other seized auctions, seized auto auction, etc.

B) Surplus Property Auctions:

 This includes original property of the military surplus auction, state auctions like Wisconsin surplus auction, and other military surplus auctions.

Seized Property Auctions:

A) come about via

i. Criminal Seizures

Example: Drug trafficker’s home is raided, and his possessions are confiscated because they were purchased with money made from illegal activities.

ii. Tax Seizures

Example: IRS finds individual did not pay the required tax, and seizes the person’s possessions, (like cars, jewelry, and real estate) and sells them with the intent to sell them to satisfy outstanding tax liability. Sometimes these are even sold via online tax lien auctions!

iii. Customs Seizures

Example:  from companies that tried to smuggle merchandise into the country without paying import duties or declaring merchandise properly, or even from people that failed to declare their merchandise properly when returning from a foreign vacation.

All of the above is included as well as any other ill-gotten gains.

Example: Police seizures of stolen property, not claimed by rightful owner within the allotted time, so the property goes into a police seized auction.

Example: local sheriff’s sales of foreclosed real estate and other court ordered assets go into federal government auctions that specialize in government property auctions.

Surplus Property Auctions:

These are essentially US government auctions for goods or property that a particular government agency no longer needs or that have been become obsolete by government standards. This category includes state surplus auction sales as well.

Example: a particular state decides to sell its automobiles or other equipment which it no longer has any use for, and it decides to upgrade by selling its unwanted assets in a gov surplus auction.

Example: A state university sells furniture, sports equipment, scientific equipment, or medical supplies to make way for new ones by selling off their holdings in gov surplus auctions.

Example: the US military decides to sell its surplus equipment through a military surplus auction. In the case of the US army, any American military goods that have been classified as surplus are ones that fit the following criteria:

  • Surplus military goods may be becoming too old or obsolete for our military’s current use ‚Äď like tents, sleeping bags, and clothing, all of which go through some wear and tear over time, and it is only a matter of time before the military deems the items unfit for official use.
  • Military technology advances have created a need to upgrade to current state of the art equipment that is better than the enemy’s equipment. That is to say, when you take a look at any of these items sold in public surplus auctions, you can see on the market that there have been new and upgraded versions created with modified technology that is a better fit for today’s military requirements. Instruments used in the field from the 1980s are very different from the ones the military uses today. They could be made from different materials, might be designed differently, and today are able to withstand colder and hotter temperatures. With all of the above in mind, we can understand the reasoning behind why military surplus goods items are such bargains online. The underlying reason for these amazing deals that you can find at any US government auction is that the military needs to keep our armed forces equipped, armed, and supplied with the most cutting edge military technology that is available today.

Now we understand the structure of the typical government liquidation auction.

Let’s discuss how it all works on your end.

In all these circumstances, the government agency involved (either directly, through online government auctions on government auction sites, or through a third party auctioneer) typically puts up the property at a public oral auction, and the general public is able to attend and bid on the seized or surplus items or property, and the goods go to the highest bidder.

While this works differently for various auctions the larger ones typically make a special list available for the public two to three weeks before the auction. This is a list of items is created by the government agency that will be conducting the sale or auction, and is put out in order to help bidders decide what they want to buy and how much they would like to spend.

There will usually be a one or two-day period several days before the auction during which one must register for the auction, and during which time one can (and should) inspect the merchandise that will be offered up for bid on the auction day.

When you register for the auction, you will typically get a large bidder number and an auction catalog that will list the items up for sale next to their ID numbers. Then, when you walk around the inspection area and physically look at and inspect the goods that will be up for bid, you will notice that they are marked with their ID numbers which you can then look up in the auction catalog.

Sometimes, however, inspection of a particular lot may be in another location altogether, (like some government customs auctions).

Several days later, at the time of the actual auction, the auctioneer will call out the ID number of the item being auctioned off (one-by one), and will give a short description of the item. At that time, the auctioneer will begin soliciting bids. This process will go on until the item is sold to the highest bidder, and then bidding begins on the next item.

For most merchandise or property, full payment will have to be made that day (or within several days) via cash or cashier’s check, and you will have to remove it from the promises yourself.

In the case of real estate or other very expensive items, there is usually a 10 to 20% deposit that will be required on the day of the auction, and you may have from several weeks to a month to pay the balance.

We hope that this guide has educated you on the various types of government surplus auctions, and how to take advantage of the great deals being offered, even if it your first time at the auction house! For any further information, and to view government surplus auctions near you,  simply click here to subscribe to www.governmentauctions.org for your FREE 3 day trial.

Chao!


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Posted in Announcements, Guides, Online Auction, Online Auction Items, Seized, Surplus
Friday, August 7, 2015

Buy Your New Car Police Auctions Way

police car auction police autoExperience the power – the glory – the splendor of driving a former police vehicle today! For sale in this police car auction is an excellent example of a¬†2009 Chevrolet Tahoe, with a classic white paint job. This awesome Chevy Tahoe comes loaded with four wheel drive and a powerful eight¬†cylinder¬†engine (V8) that will throw you back in your seat if you just hit the gas hard enough! We have seen vehicles of this class accomplish¬†incredible¬†feats – from hauling huge loads to plowing through several feet¬†of snow as if there was nothing there. In fact, we have even once seen a 2008 chevy plow clean through a one and a half inch metal chain. The metal chain was ripped in half, and the chevy came out smooth as a baby’s bottom! Not only does this car haul¬†everything, but this¬†fully loaded 2009 Chevy Tahoe also comes ¬†with features like Automatic Transmission, Air Conditioner, AM/FM Radio, CD player, Power Brakes, Power Locks, Power Mirrors, Power Steering, as well as Power Windows. That is an¬†INCREDIBLE amount of power at your very fingertips, and we have not yet mentioned the tremendous three hundred and twenty plus (320+) horsepower at approximately five thousand and two hundred rotations per minute (5200 rpm). This police car auction police auto also comes with Chevy Tahoe Anti Lock Brakes, as well as the safety of a cockpit stocked with fully surrounded airbags. Also offered in this police auction car is tilt steering, with a towing package built to haul whatever you are able to load up on your trailer! This police auction car is a former law enforcement vehicle, with some exterior and interior modifications as befits a geared up police vehicle. There is a possibility of some exterior rust, dents, scratches, and interior stains/damage that can be easily taken care of. There may be some small holes where equipment such as police lights was mounted. This auction car police auction vehicle might need some additional mechanical repairs as well as a quick rubdown to get rid of the police decal adhesive that remains on the paint. The ceiling and floor consoles have been removed to make this vehicle uber sleek on the inside. The battery does need a jump start – you could simply install a new battery to increase the reliability of this hardy and sturdy beast of a vehicle. With just one hundred and fifty thousand, one hundred and forty two (150,142) miles on it, this Chevy still has many years of hard work left in it. As police auto auctions go, this is one of the best deals out there today! The current bid on this amazing auction police auto is JUST FIFTY DOLLARS ($50), and although the reserve has not yet been met, this vehicle could sell for a just a few hundred or a few thousand dollars. This car is worth at least $16,344 on Kelly Blue Book so no matter what you buy it for, you are getting an excellent, amazing, and wonderful deal (that’s already three for one)! There are currently no bidders, so you would be the first (and hopefully last, so that you win) bidder on this police auction car. There are approximately five (5) days and six (6) hours left in this awesome auction. This auction closes on August Twelfth (8/12), at six PM (6 PM) Central Time. This auction police auto is located in Albuquerque, New Mexico and will sell quick.¬†Are you ready to put help other bidders eat your dust? Put the pedal to the metal and start bidding today! This car could be yours in under one week For any further information, simply¬†click here¬†to subscribe to¬†www.governmentauctions.org¬†for your FREE 3 day trial.


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Posted in autos, Police Auctions, Surplus
Tuesday, August 4, 2015

Run As Fast As You Can!

81QSCI15197017 (1)Are you ready to get in the best shape of your life? Well now is your prime time! With this Elite 9700 treadmill, you are sure to be in tip top shape before you know it! This treadmill is perfect for somebody who is just starting working out. It is also ideal for a person that just wants to add another piece of equipment to their gym arsenal. Either way, the workout you will receive with this machine will help you achieve your fitness goal. The jacking screw to raise and lower the device needs to be replaced, and other repairs may be needed. Bidders are encouraged to inspect the machine prior to bidding, and they are also responsible for the package and removal of the treadmill. The location of this treadmill auction is in Loveland, Colorado. This auction’s closing time is in 3 days and 21 hours on August 8 at 12:09pm, Central Time. At the moment, the bid is $10.00USD and one person has already placed their bid. Are you ready to out run all other bidders? Then put your foot on the starting line and outbid everyone else!¬†For any further information, simply¬†click here¬†to subscribe to¬†www.governmentauctions.org¬†for your FREE 3 day trial.


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Posted in Exercise Equipment
Monday, August 3, 2015

A Stunning Home For Your Stunning Family!

PEACH415041001Ready to make the best decision of your life? Then move your family to 1515 Bordeaux Place in Norfolk, Virginia! This stunning and illustrious 3,919 square foot, two-story brick single-family home¬†is the perfect place to raise your beautiful family. With 4 bedrooms, 3.5 baths, 2-car garage, & wood-deck, you’ll even have enough space to have a dog Then you’ll really be living the American dream!¬†The interior has 9-foot ceilings, hardwood, tile and carpeted floors, denwith fireplace, formal dining room, and kitchen eat-in area.¬†The master bedroom has a tray ceiling, palladian windows, ceiling fan and the master bath has a spa tub and separate shower- perfect for your down time and relaxation.¬†¬†There are two-inch wooden blinds throughout the home. This home also has a natural gas-powered generator for electrical backup. This is an online auction and the starting bid price is $450,000USD. A bid deposit of $5,000 is required. Nobody has placed a bid yet, so this gives you plenty of leverage by being the first bidder. This auction ends in 29 days and 21 hours on September 2 at 2:00pm, Central Time. You have almost thirty days to decide if this house is right for you, so sit down with your spouse and family and think about how you can live the american dream!¬†For any further information, simply¬†click here¬†to subscribe to¬†www.governmentauctions.org¬†for your FREE 3 day trial.


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Posted in real estate