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.
Depending on the agency, the government may use revenue from auctioned items to support crime-prevention programs, pay restitution to crime victims or purchase new equipment the department needs. "By providing agencies with the ability to dispose of excess assets, GSA benefits taxpayers by eliminating the need to maintain and store the unneeded property while also raising more than $300 million in revenue in just the last two years," a GSA spokesperson said.
U R G E N T Be sure that you have read and understand all rules regarding shipping and handling PRIOR to placing a single bid. See shipping table below! TERMS AND CONDITIONS OF SALE - Please Read! **Auctioneer has final discretion on sale of an item. His word is final.** PLEASE READ - PRIOR TO BIDDING, BE SURE THAT YOU ARE READY, WILLING & ABLE TO PAY FOR ALL ITEMS THAT YOU BID ON. IF YOU HAVE ANY QUESTIONS ABOUT ANY ITEM, CONTACT US PRIOR TO BIDDING. IF YOU ARE STILL UNSURE, HAVE UNANSWERED QUESTIONS OR CONCERNS, PLEASE ENJOY THE AUCTION BUT DO NOT BID! All items must be paid for within (5) working days by the respective purchaser. All items will be shipped within 7 days or receiving payment. We will accept most major credit cards including Visa, MasterCard & American Express, as well as certified check/money orders and personal checks. We no longer accept PayPal payments, but we do use Intuit Merchant Services for safe and reliable credit card transactions. Please remember that in addition to the cost of the item, you will have to pay a buyer's premium, shipping charges, and if you live in CA - 9.25% Sales Tax. We will email you an invoice upon completion of live auction. Payment details and corresponding contact information will be provided. Once paid in full, winning item will be shipped to its winning bidder with insurance and delivery confirmation. SHIPPING TABLE SHIPPING & HANDLING TABLE - Shipping Prices are for both Shipping and Handling. Shipping prices are not indicative of actual shipping costs. Small items, Cards, Coins, Jewelry, $12.95 each item, will not combine purchases to save on shipping. Baseballs, Mini Helmets, Loose items - $36.00, will not combine purchases to save on shipping. Full Sized Helmets, Footballs, Basketballs, Baseball Bats, Shoes, Boxing Gloves etc. - $64.00, will not combine purchases to save on shipping. Small Framed Items (12"x12") - $44.00, will not combine purchases to save on shipping. Medium Framed Items (30"x30") - $64.00, will not combine purchases to save on shipping. Large Framed Items (50"x50") - $84.00, will not combine purchases to save on shipping. Over-sized Framed Items - $116.00, will not combine purchases to save on shipping. Will Call of items is not allowed. Coming to our offices to view items is also not allowed. ***INSURANCE INCLUDED IN ABOVE PRICES*** ***IMPORTANT*** BECAUSE INSURANCE IS INCLUDED; YOU MAY NOT BUNDLE ITEMS TOGETHER AND COMBINE SHIPPING COSTS FOR MULTIPLE PURCHASES!! If item is over $500.00, please add $0.50 for each $100 of your winning bid. - Should expedited shipping be requested, additional fees will apply. - We reserve the right to adjust shipping charges. - Additional fees apply when shipping Internationally. - All items are shipped insured. Please be sure that you understand our shipping policies prior to bidding. If you are unclear, please contact us at email@example.com for clarification. If you are still unsure, please enjoy the auction however, please do not bid.
Ideally, go to one or two auctions just to get a feel for how the bidding goes. Usually they'll start off with a fairly high number stated by the auctioneer. Do not jump in then. In my case, nobody was putting out the first bid for a couple of minutes — which felt like hours — and the auctioneer finally asked for a starting bid. I put out $5,000 to start. In hindsight, I wish I hadn't because it seems like the first one to open their mouths always loses. But if there's no starting bid, the auctioneer will let the vehicle go without bidding since they're moving through these vehicles at a rate of about 15 per hour. I didn't want to lose this baby.
It is strongly recommended that you attend the open houses/inspections that are scheduled prior to sale. The bidder is invited, urged, and cautioned to inspect the property prior to submitting a bid. Failure to inspect property shall not constitute cause for cancellation of sale. Property will be available for inspection only at the times specified. At their own expense, potential bidders may have property inspectors examine the property during regularly scheduled open houses.
But the competition at county auctions is brutal and it's only getting stronger. "Taxi companies want the old cruisers to use as cabs," Lang says. "And often there are government employees who are going after a vehicle that they used on the job and grew fond of. A lot of the school buses and trucks get bought by brokers looking to ship them overseas to poorer countries that will use them for public transportation. These are guys who go to government auctions all the time, know what to pay and know a lemon when they see it. You won't be the only bargain hunter out there."
Every day, almost hundreds of government auction happening in every corner of the country. In these seized auctions the value of property will be as low as ninety percent off its bazaar value. The majority of banks and government organizations don't want to hold the property with them for long as they're going to pay on the upkeep of the house, so that their area unit favors to sell it as shortly as possible at extra low-cost costs at these appropriated property auctions. There's no drawback in locating wherever these type of auctions happening in your vicinity. It will be simply set wherever the area unit they command and what is available to them. Nearly all of them are published in newspaper or in television. You can also search the internet the government auctions held near your area or in your city and other relevant information such as time, date and the items being auctioned.
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.
"As our police business has grown, we've been approached by other liquidators," Bellomo said. "This downturn has put 3,000 brick-and-mortar retail stores out of business. There is distressed merchandise all over the United States. Brand-new jewelry and watches, authentic sports memorabilia, fine art. Liquidators are coming to us and saying, 'Can you work with us the way you work with police agencies. Can you turn this excess inventory into cash?'
Private auctions are held on-site at your dealership. Each vehicle is driven either underneath the tent in front of a self-contained mobile operations unit. In some cases we can even transform a building at your dealership into an auction arena. These dealer only auctions are conducted live by an auctioneer and are designed to sell 40-200 vehicles. Operated much like a conventional auto auction, these private auctions are easily adapted to the specific needs of your dealership, with even simulcast sales available.
UBid offers leftover inventory from brand names like Sony and Dell. Since the inventory is discounted, you can find a really good deal. UBid carries new, overstock, closeout and recertified products in more than 25 categories including electronics, collectibles, jewelry, and sports memorabilia among others. Travel deals are available in 10 countries.
This is an immediate liquidation of all items. Every single lot starts at just $1.00. EVERYTHING MUST GO. Another month is here and we need to liquidate our entire warehouse. Some really great items have hit our floor and Seized Assets Auctioneers currently has over 1,100 new lots in its possession. Look for a strong mix of Jewelry, Vintage Coins, Sports & Celebrity Autographed Memorabilia, Fine Art, Land/Property, Sports Cards, Rolex Watches, Vintage Automobiles and even an Elvis & Disney Merchadise. More auctions will follow. Keep on the look out for more Siezed Assets Auctions.
The majority of the vehicles found at local auctions will need some work done to them in order to be deemed “road-worthy.” Knowing this before you ever set foot on the grounds is a major part of deciding if this is the right way for you to source an automobile. A low bid on a crappy car has the potential to leave you stranded on the side of the road, so if you aren’t a savvy DIY wrencher, you’d better have one hell of a trustworthy mechanic.
Boulder, Colo., police started using PropertyRoom.com in 2007, mainly to unload property that couldn't be traced back to the owners. Before items are put up for auction, they are posted on the police department’s Web site for four weeks. Previously, the department had been stuck holding onto items for up to three years, said spokeswoman Sarah Huntley.