Government Auction Tutorial

Most people know that government auctions hold many good deals but the number one reason most people would not dare step foot into an auction is fear. People have a fear of being ripped off and of the whole auction process in general because it is new to them. I found a 5-day free tutorial that will make you a confident purchaser at any government auction. You will learn the whole process, from registration all the way to driving out of the auction house with the car of your choice. They show you about all the paperwork and titles and even explain online auctions. Learn more HERE

U.S. Department Of Treasury Government Auction

About every three months the federal government holds an auction to sell off hundreds of items seized from criminals, including cars, jewelry, art, boats and other vehicles. Here are some upcoming dates for government auctions:

May 21 , 2008 Riverside, CA.
VSE Warehouse, 6681 River Run Road, Riverside CA, 92507

June 18, 2008 Dayton, NJ.
VSE Warehouse, 35 Thatcher Road, Dayton, NJ, 08810

July 30, 2008 Miami, FL.
VSE Warehouse, 1173 NW 159 Drive, Miami, FL, 33169

August 20, 2008 Riverside, CA.
VSE Warehouse, 6681 River Run Road, Riverside CA, 92507

September 17, 2008 Dayton, NJ.
VSE Warehouse, 35 Thatcher Road, Dayton, NJ, 08810

FEMA Trailer Government Auction

With all the talk in the news about the government trying to get everyone out of FEMA trailers it was not surprise to see them in the list of monthly government auction items.

Government Auction - Seized Properties

What are seized properties and why are they so cheap?

A seized property is when the owners fail to pay the mortgage on their home and the lender repossesses it in a process called foreclosure. Banks, private lenders and the government foreclose on hundreds of thousands of homes every year and conduct public seized property auctions in an attempt to recover some of the money.


What types of seized properties are in the auction?

Virtually any type of real estate can be auctioned off: single-family houses, multi-unit houses, apartments/townhouses, commercial properties, mobile homes, land, timeshares, vacation and rental properties.


Is it possible to get financing when buying a seized property at auction?

Yes, you get access to a wide variety of financial institutions that specialize in providing mortgages for seized properties.


What kind of prices are seized properties going for in my area?

You can view a list of recently sold real estate auction properties in your area by clicking your state, HERE.

Government Car Auctions at 90% off book value

Every month thousands of cars become government & bank property through various seizure and surplus laws. Because of the constant influx of vehicles and the enormous expense to store them, the cars must be sold fast and cheap! Buy direct from the sources and save considerably! Bid on new and used repossessed and fleet vehicles start as low as 90% off book value HERE!

Government Car Auction Pre Inspection

Okay,more about what to look for in a pre auction inspection including running a car history report and looking up the book value of the car. A car history report will usually show if the vehicle was ever junked, salvaged, flooded or had a fire and shows a yearly mileage report to help avoid odometer fraud.

Here are some other things to look for that may bring down the blue book value of a car that you can only tell by inspecting the car:

Uneven tire wear on all the tires may indicate bad alignment or possibly from an unreported wreck.

Not only should you check the VIN # on a Carfax report but you should also check that all the VIN #'s on the doors, hood, trunk, dashboard match. If they do not match, the car could have been wrecked or stolen.

Some people use a rebuilt title as a selling point but it usually drops the value of the car by 30%.

Some cars are sold at auctions with no title present for you to take, also called "title in transit" cars, with the promise that the title will be sent to you. My advice is to avoid a car with any title problems, because there are too many people in the world looking to rip you off.

5 Tips For Government Auctions

Getting good vehicles at discounted prices can be a hard thing to imagine, especially nowadays when the prices of everything are continuously going up.

Getting good vehicles from government auctions is a wonderful option to look at. The government periodically holds auctions to bid off different kinds of vehicles from different sources.

There are vehicles which are confiscated from criminals. Once the investigations are done and the felons are convicted, their confiscated vehicles are usually sold at government auctions. A wide variety of vehicles can be found during these government auctions.

There are also used government vehicles that are auctioned off to the public after the government has offered these vehicles to other states. The used vehicles are auctioned off because of the rising cost of storing these vehicles which the government shoulders.

Here are some basic tips on how to go about buying surplus vehicles through government auctions.

1. Check the affiliation of the auction first

There are a lot of auctions out there that are posing to be legally affiliated with a government institution. To avoid subsequent troubles and to make sure that everything is in proper place, one should check the affiliation of the auction and counter-check it by asking the institution. Caution is very important in participating in such auctions.

2. Check the schedules of the different government auctions

Getting one's hands on a good pick requires some researching and good timing. Remember that there are a lot of other people who are eyeing on these government auctions and being informed is a good way to get ahead.

There are many government auctions which are held by the General Service Administration, the US Marshall Service, the US Postal Service, the Internal Revenue Service, the US Small Business Administration and many others.

One can find good vehicles and other stuff such as furniture, heavy equipment, scientific equipment and yes, even livestock.

3. Don't judge the car by your first impression

Always take in mind that the vehicles that are offered in government auctions have been in stagnant condition for a long period of time. Before the government auctions these vehicles to the public, they are first offered to other states which might be in need of these vehicles.
So if one sees vehicles in fairly bad exterior condition ( flat tires, dusty and rusted hood, and such other similar conditions) one must be able to look forward and see the vehicle after it has been restored.

4. Always consult a price list

One can probably ask for a list of the auctioned materials from the proper authority and make a preliminary research regarding the current price of the said vehicle. One can definitely make use of the web to be able to get an updated price for certain surplus vehicles.

5. Avoid unreasonable price spirals

In any type of auctions, there are bidders who do not know how to play the game. It only takes two bidders to make the price of a certain vehicle to shoot up unreasonably above its current market price. Bidders should always avoid this unwanted spiraling of prices especially if he is on a tight budget.

These are just some practical tips on how to effectively purchase a surplus vehicle from a government auction. The wise always win in auctions, he takes everything into consideration and make the right bids at the right time.

For listings of surplus vehicles, please visit http://www.auto-car-auctions.info/

Article Source: http://EzineArticles.com/?expert=Tim_Lee


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