Another problem that you might face with local police auctions is finding information related to their occurrence. You can find the information on websites that deals particularly in government auctions. After acquiring the information of its timings, you need to call the local police department, and register your bidder number. Bids only from registered bidders are considered in these seized car auctions. It is advisable to obtain Vehicle Identification Number (VIN) prior to bidding for the car and run it through the Carfax website. It helps in checking the past history and allows you to buy a clean car.
Auction for seized items carried out by the government are presented with huge discounts. There are several ways to accomplish your plan of purchasing an item through auction. Initially, you can check auction agenda at newspapers, online listings, ads, and associates. To know more, before you decide you can be present at the seized auction in order to familiarize yourself with the essentialness and dealings. As recommended, that it is not important to take part the bidding at once, following your primary auction presence. Learn the procedure first, observe what other purchaser do and don't be uncertain to inquire if you want to learn, you should point it out and ask everything you want to gain knowledge.
CWS Asset Management and Sales (CWSAMS) is a nationwide company with expertise in the management, marketing and sales of a wide range of assets, specializing in web-based and live auctions. CWSAMS has provided continuous support to the U.S. Department of the Treasury, its legacy agencies, and other public & private entities for the marketing and sale of real and personal property for the past 26 years. An abbreviated list of clients are:
Cars at government and public auctions sell on visual inspection alone. So look at everything and look for telltale signs of repairs such as paint overspray, less than smooth sheet metal, puddles under the vehicle, scored brake discs, an uneven stance and a million other details. Use your nose, hands and legs, too. If a car smells musty or the carpeting is wet, run away.
The US Department of the Treasury auctions off “seized and forfeited” general property (fancy a Rolex watch or a Fender guitar?), cars (how about a pimped-out Escalade?) and boats. Visit the Treasury’s website to find more information on where and when these auctions are held, plus sign up for alerts and research how much money items have sold for in the past. In addition, the Treasury has real property (RP) auctions for real estate seized through IRS-Criminal Investigation, Immigration and Customs Enforcement, and the US Secret Service.
But that doesn’t mean there still aren’t good deals to be had at local auctions, because as intimidating as it may sound, there’s a reason dedicated bidders still show up to these things every week. You just have to remain skeptical and attentive if you want to take home the right ride, because you never know what might show up, and by using these 10 tips, you might land a gem.
PLEASE READ THESE TERMS OF SALE CAREFULLY, AS THEY HAVE BEEN RECENTLY UPDATED. THIS IS AN INTERNET-ONLY AUCTION! AUCTION CLOSING DATE: Tuesday, March 19th, beginning at 11:07 am Bidding closes on the first item at 11:07 am, then closes at the rate discussed in these Terms and Conditions of Sale. INSPECT: Thursday, March 14th, 10 am - 2 [ View Full Listing ]
As you browse the government auction sites above, you'll notice some link you to additional sites run by private contractors. These contractors have legitimate relationships with the government, but bidder beware: other private companies will try to make their auctions seem like government auctions as a marketing ploy. Always start with the legitimate links provided by the government itself. Good luck!
Do the homework, sometimes even ‘bad’ car can be a great deal at an auction. I recently bought a minivan that was listed as having a blown transmission. A little research discovered this is a common problem for that make and year. At the preview, I had my mechanic (whom I trust) on speed dial and got an estimate on the spot to replace the transmission with a new, 5-year warrentied rebuilt one. The bids on the van were low (who’d buy a vehicle with a bad transmission?), and even with the purchase price, the cost of the new transmission and towing to my mechanic, it still came in way below KBB value. And I know it has a worry-free transmission for the next 5 years. So don’t let even a ‘problem’ car scare you off if you’re willing to do the homework and hassle of getting it fixed.
As an auctioneer I can tell you from a lot of experience that everybody on this site should be looking for and attending local auctions. The people who make a living buy at our auctions and resaleing on ebay or other means is truely amazing. One retired person built a 20 by 30 shed and did a garage sale ones a month and never did less then a $1000 and many time he told me he made 2 to 3 thousand on one day a month. He would purchase the piles of stuff we could not sale and sort through it and clean it up. We have purchase almost all of our furniture at auctions and most of it people who come over think it is brand new. Furniture is not selling very well because young people go to walmart or other stores and pay full price.
Almost every day law enforcement agencies from all across the country seize a wide range of properties that are connected to criminal activities. After the property has been used as evidence for the criminal trial and has been processed, the government will no longer need to hold this property, those properties are auctioned off to raise the money for administrative works and development. Seized auction are also resulted due to custom seizures, tax seizures and criminal seizures. For instance, when a trafficker's or drug dealer's home is raided by the government authorities, their possessions are confiscated as a result of being obtained from illegal activities. When a person doesn't pay tax as well, his/her possessions such as real estate, jewelry and cars are also confiscated and they are auctioned off to meet the outstanding tax liability. Similarly people who smuggle into the country without paying any kind of import duty or the items people are failed to prove as theirs when returned from foreign countries are also seized by the government and placed in the auctions.
Always take a photo of the vehicle identification number (VIN) toward the base of the windshield on cars you want to bid on at auctions. After that, walk around and check places like door jams, under the hood, and inside trunk lids, where stickers with this number may also appear. If the numbers don’t match up, or are missing entirely it’s best to move on, because there’s probably a really bad reason why it’s like that.
This is the last sale location for Extra Space Storage Inc in this area,The next Sale after today will be on Wednesday March 20, 2019. Our 1st sale is ESS @ 9:30 AM at 1204 28th St. Grand Rapids, MI We then proced to ESS @ 10:30 AM at 4438 Spartan Industrial Grandville. Next is ESS @ 1:00 PM at 3512 Martin Luther King Blvd. Lansing, MI After Lansing is Mt. Clemens & then Shelby MI .GO TO our Web Page www.tateauctioneers.com click HOME Page...
Lot: 1 - ST. LOUIS CARDINALS MULTI-SIGNED HALL OF FAMERS ST. LOUIS CARDINALS MULTI-SIGNED HALL OF FAMERS HOME PLATE WITH PITCHING RUBBER Home plate signed by 7 St. Louis Cardinal HOFers including Jack Buck ('87), Stan Musial ('69), Bob Gibson ('81), Enos Slaughter ('85), Lou Brock ('85), Red Schoendienst Lot: 2 - CHRIS CARPENTER ST. LOUIS CARDINALS SIGNED 2006 CHRIS CARPENTER ST. [ View Full Listing ]
General Disclaimer: Get Rich Slowly is an independent website managed by J.D. Roth, who is not a trained financial expert. His knowledge comes from the school of hard knocks. He does his best to provide accurate, useful info, but makes no guarantee that all readers will achieve the same level of success. If you have questions, consult a trained professional.
"There are two types of public auctions," explains Steven Lang, who runs a used car dealership in the Atlanta area and once owned a dealer auction (not open to the public). "There are government auctions and there are public auctions." Both are full of potential pitfalls. Here's a quick rundown on both and 10 tips for getting the most out of either. That is, if you dare to venture into the auction pit.