| Purchasing surplus property at government auctions | | | | You might be asking yourself what types of items |
| has been done for years. Many Americans have built | | | | you could possibly find at a surplus property auction. |
| their wealth by purchasing and reselling government | | | | The answer is simple: almost anything you can think |
| surplus and land year after year. Instead of | | | | of! Items generally range from automobiles and other |
| purchasing goods at retail or even wholesale prices | | | | vehicles to tools, industrial machinery, or office |
| from companies or ordinary stores, why not go to a | | | | equipment. The list goes on and on which is why |
| government surplus property auction and possibly | | | | everyone needs to check out these surplus property |
| pick up the same piece of merchandise for a small | | | | auctions now. There is even surplus land, buildings, |
| fraction of the price? | | | | and other real estate. |
| Government auctions, especially surplus auctions, | | | | Since automobiles are a very popular surplus item I |
| have proven to be an essential resource for | | | | thought I'd tell you a little more about the process of |
| individuals looking to acquire goods for pennies on the | | | | how they are acquired and sold. Most of the surplus |
| dollar for their business, and the great thing is, | | | | vehicles GSA purchases are new and driven by |
| anybody can go to them. You don't have to work | | | | government or state agency employees for official |
| for the government and you don't need to know | | | | purposes. They are sold when they reach |
| anybody to gain special privileges in order to attend | | | | replacement age and/or mileage limitations. Used |
| the auction. | | | | government vehicles are one of the best buys in the |
| Now that know just how beneficial government | | | | marketplace today. The vehicles are well maintained, |
| surplus auctions can be, let me tell you what a | | | | have relatively low age and mileage and have desired |
| surplus auction really is. Any property the | | | | features like automatic transmission, air conditioning, |
| government does not need is considered "surplus." | | | | power steering, and power brakes. They also come |
| And if the property cannot be donated to a state or | | | | in attractive body styles and a variety of colors. |
| public agency or nonprofit organization, it ends up | | | | There are a number of websites out there that |
| being sold to the general public. Federal government | | | | provide information and even services that allow you |
| agencies such as GSA oversee the sale of federal | | | | to bid and purchase surplus and confiscated items via |
| surplus property to civilians. GSA is the federal | | | | the internet. Each participating agency has its own |
| government's procurement agent. They purchase the | | | | auction rules and regulations and may be subject to |
| supplies, equipment and vehicles that federal workers | | | | state and local ordinances. Some items are sold online |
| need to do their jobs. When items are no longer | | | | by auction or fixed price and others are available by |
| needed by the federal government, they stretch our | | | | public auction or sealed bid. Buying new, seized, |
| tax dollars by offering them for sale to the public. | | | | surplus merchandise and real estate from the |
| Their auctions include a wide variety of items for sale | | | | government has never been so easy! Resources like |
| to the public that would interest both individuals and | | | | GovernmentAuctions.org® provide some of the |
| businesses. Aside from GSA there are many other | | | | most comprehensive information on these surplus |
| federal and state government agencies and | | | | property auctions. Take a look at their site and see |
| departments that also sell surplus property -- state | | | | what I mean. |
| DOT department, and many others. | | | | |