Government Auctions The 10 Most Asked Questions About Government Auctions

The Ten Most Asked Questions About Auctions

#1 -- What type of merchandise is sold at auctions ?
- Allmost every product that is for sale in the United States will at one time or another be available at Auctions.

This is a partial list of the most common items : Automobiles , Trucks ,Vans , Busses , Jeep Cherokee , Motorcycles , ( Most Vehicles are in excellent condition , with low mileage. at G.S.A. Government Auctions.) , Boats , Ships , Airplanes , Cameras , Office equipment , Computer equipment , Building Materials , Electronic Equipment , Farm Equipment , Homes , Comerical Real Estate , Bicycles , VCRs , Stereos , Power Tools , forklifts , Audio Visual Equipment , and much much more.

#2 -- Why does the government sell goods at auctions ?
- All Government Agencies rotate their inventory on a regular basis. Government Agencies are mandated by law to put their surplus up for public Auction.

#3 -- Where Does All This Merchandise Come From ?
- Most merchandise that ends up in government auctions is surplus. Goods that are over stocked, no longer needed, or updated. Real estate, Commerical property, and Homes are sold as surplus. When the goverment no longer has a use for them. Or the property was seized. Or went in to foreclosure from a loan default.
  13 other sources of auction bargains are listed in: "The Government Auction Newsletter"
#4 -- How good are the Prices ?
- The prices are varied from Auction to Auction. To get the best deals on Vehicles , Airplanes , and Boats. The G.S.A. Government Auctions, and U.S. Customs Auctions are the best to attend. To pick up TVs , VCRs , and Househole goods a local Police Auction is your best bet . I have seen Big Screen TVs go for $ 150 , VCRs $ 30 , Stereos $15 , Bicycles $ 10 .

#5 -- Who can attend these Auctions ?
- Any one can attend. These auctions are open to the Public.

#6 -- What must I do to bid at an Auction ?
- Allmost all Auctions have some type of registration. You will have to show some form of idenfication. When you are registered you will be given a bidding number. This Number must be shone to the auctioneer when you make a bid. The auctioneer will accept bids only from registered bidders.

#7 -- Is Auction merchandise sold " as is" ?
- In allmost every case Auctions sell "as is".

#8 -- Can I inspect the merchandise before I bid ?
- All Auctions have an inspection period. It can range from a few hours before the Auction to a day or two.

#9 -- If I buy something when can I take it home. ?
- All items must be paid for in full. Before thay can be removed from the Auction site. In the case of motor vehicles title will be transferred to you when thay are paid for in full.

#10 -- What forms of payment can I make ?
- Cash is allways accepted. Cashier's Checks , and Post Office money orders , are the preferred forms of payment. Some Auctions if run by a private company will take Visa, and Master Card. Allways check with the Auction to be safe.

Back To: The Government Auction Page