REFERENCE MATERIALS

Reference materials……

Gov-auctions.org – #1 Government & Seized Auto Auctions. Cars 95% Off!  This is something that if you are looking. For that amazing deal. And you need to see what this is all about.  Also, it is a worthwhile Reference. And those crazy deals you see that happen with Government Auctions.  

reference

Government Sales of Seized and Surplus Property

Several government agencies sell items to the public. Through both live and online auctions. And these auctions, especially online ones. Let you purchase government-owned assets. Across the country and U.S.-owned territories. Also, agencies sell many types of items. Including:

  • aircraft
  • antiques
  • art
  • clothing
  • collectibles
  • commercial equipment
  • computers
  • electronics
  • furniture
  • houses
  • jewelry
  • land
  • real estate
  • vehicles

Government agencies have these items for sale. For several reasons. Some law enforcement agencies sell the seized or forfeited property of criminals. Other agencies sell items that were forfeited. Because of nonpayment of federal income taxes. Finally, some of the items are available because an agency no longer needs them.

These reference materials are various sources that provide background information. Or quick facts on any given topic.

Tips for Participating in Government Auctions

The general rule for auctions is that the highest bidder wins. And cancellation is not possible. So, find out if you can cancel a bid or not.

Each auction website operates differently. In some cases, the auctions are operated completely by the government agency. While in other cases the agency only operates the shopping site. But a third-party company handles the auction itself.

Find out what forms of payment are accepted. Also, there is no uniform payment policy across all the different auctions. Some auctions accept credit card payments or personal checks. Others, such as the Internal Revenue Service (IRS), don’t accept these forms of payment. And cashier’s checks are a widely accepted payment option.

For real estate auctions, you may need to still work with a broker. Or real estate agent in order to bid or make the purchase. Also, for real estate auctions, find out if financing is permitted. As many times it is not. And the full purchase price is due when you win the bid.