Sunday, October 7, 2012

Top 5 Government Auction Sites

Government auctions are a great way to pick up property for the purpose of resale.  My personal experience was to buy a Dodge 1500 pick-up truck from a government auction site.  The truck was used with an agriculture grant hosted on the campus of Purdue University.  I was able to purchase the truck for $5,000.00 and flipped it three months later for $8,500.00.  As with any auction be it electronic or on site there are do's and don'ts.  It is not my intent here to cover those.  We will save that for a later date.

Anyone interested in this topic could quickly jump onto Google and search for the topic.  In doing so the search would produce roughly 299 million responses.  What I would like to do with this posting is to cut through the chaff and give you my list of the top five Government Auction sites.

NUMBER 5 - USA.GOV - GOVERNMENT MADE EASY 

This is a great site to direct you to auctions posted through state and local governments and or their agencies.  You will find that the main thrust of this page is towards surplus auctions.  The 5 rating is mainly due to the fact that this page is primarily a resource to the parent page USA.gov.  This page is very useful as well in that it provides information and links to a wide array of government services and departments.  If you were interested in buying land in Arizona this site would lead you to Arizona State Land Department or maybe you are in Oklahoma and looking for a piece of heavy equipment this site would get you to Ok.gov.

NUMBER 4US TREASURY 


This is another site that for the most part is a landing page which will take you to the sites of other agencies.  It has five links that will take you to property and vehicles that have been confiscated by the IRS to an auto auction site hosted in conjunction with Homeland Security.  One word of caution here is that no one should expect to get property for a steal.  The urban legends of getting Jeeps for $1.00 just aren't happening these days.  Though a bit limited in its offerings it is a good solid site for finding online government auctions.

NUMBER 3 - SBA - BUYING GOVERNMENT SURPLUS

In all honesty I had initially considered this site for first place.  This site is a tremendous resource for those looking to purchase government surplus.  However, the decision to give a third place ranking was due to the fact that it was merely a landing page that took you to other agencies sites.  However, the one thing I think is quite notable is the link to Consumer Action Handbook as well as to government sales and auctions by agency.

NUMBER 2 - GOVERNMENT LIQUIDATION - A LIQUIDITY SERVICES MARKETPLACE

Now we begin to get to the meat of government auctions.  It is here you can enter in to bidding for everything from Aircraft Parts to Uniforms and Field Gear.  To participate as a bidder you must first Register to become a site member.  This is a great site that offers you a wide range of property.  However, due to its greatness the competition can be rather vigorous.

NUMBER 1 - GSA AUCTIONS - ...A GOVSALES.GOV PARTNER

Folks here we are at my number one government auction site the Mack Daddy of sites is the GSA site.  I'm sure you will find this hard to believe but I am old enough to remember when there was no internet.  Yes and I walked to school and it was uphill both ways.  Any way in those days one could bid on surplus government items but the registration was arduous and auctions were held at various regional sites.  This site has given us full convenient access and opportunity to participate in these auctions.  To participate in the bidding you will first need to register.  Register soon and let the bidding begin.





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