The United States government sells its surplus and scrap material to the public in the form of a government liquidation auction. It is an innovative and powerful online auction marketplace with over 500 different commodities displayed for resale and purchasing.

Through this liquidation auction procedure the government allows surplus buyers to select from a wide range of products. More than 500 categories of different items and thousands of surplus items are added every week to the stock, thus allowing the purchasers a unique way of buying and also allowing a cash inflow source into the treasury of the U. S. Govt.

One can browse the products as per categorical needs such as aircraft parts, heavy equipments, building and construction materials, audio/video/photo items, computer and office peripherals, medical, dental and laboratory equipments, accessories and uniforms, boat and marine support equipments, industrial and machinery equipments. And the list is endless.

There are various surplus commodities which one can purchase either online or offline One can even get fabulous discounts on various electronic items like LCD monitors, plasma T. V., Computer peripherals, mobile phones, etc. along with other household commodities.

Liquidity Services, Inc with its headquarters in Washington D. C works ancillary along with G. L globally world wide provides full service solution to dispose off its scrap assets.

The G. L auction through a team of qualified professionals manages the auction sale in an efficient manner. A world class logistics professional with the help of innovative marketing technology along with the customer service support team helps to realize their plan. The government auction team manages the whole procedure in a warehouse space spread over one million square feet and maintain outposts on over 150 military bases throughout the continent in different states.

For those who have started new business lines on a small segment or expanding existing ones, liquidation auctions provide an ample opportunity to the end users to allow them to realize their dreams in the most cost effective way.

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Technorati Tags: federal auto auction, Government, Government Liquidation Auction, government online auctions, government seized property, salvage auctions, state auto auctions

Are you aware that you will be allowed to attend many of the government and police auctions in your area? The police seize thousands of cars and other vehicles every month all across the country due to several different reasons. These vehicles are offered for much lower prices than you would generally pay by going through a car dealership.

Obviously, police auctions are a secret that car dealerships don’t want you to know about. This is because not only is there one less potential customer looking to purchase a vehicle but there is also another bidder competing against him for the cars that are being auctioned.

So why does 90% of the general public buy from car dealerships? Well that’s a good question and I think it comes down to education. People are simply not aware or these government and police vehicle auctions. The government would be ridiculed is they spent money on advertising. Here is a list of advantages and disadvantages in buying at these auctions:

Pros:

- Business model is much more conducive to lower prices

- Auctions are frequently held in many locations throughout the US and Canada

- Detailed listings of vehicles at government and police auctions are now available on the Internet

- Typically there is a wide selection of vehicles (i.e. could find a BWM, Jeep, Porsche and Chevy at one auction)

- No middle tier channel (middleman) to go through or pay

- No commissioned salesperson to have to deal with

- Motivated seller who doesn’t have the resources or time to deal with inventory, therefore offering vehicles based on no reserve bidding

- Better income tax advantage (can be set up as a business for resale to spouse, kids etc.)

- Car taxes are typically less

- Once you understand process you can do as a side business (i.e sale cars in Autotrader.com or eBay)

Disadvantages:

- Most of the sales are cash only (any credit would have to be done externally)

- No extended warranty beyond what the manufacturer offers. Most used dealerships give only 30 days

If you don’t mind paying cash for a near new vehicle, then the advantages obviously outweigh the disadvantages. Don’t forget to have someone with you who understands vehicles to inspect the ones you’re interested in.

Technorati Tags: auctions, auto repo auctions, Government Liquidation Auction

I’m sure you’re aware of the real estate and foreclosure crisis going on in the United States.  Because of this, there is an excess of homes on the market. Obviously some properties will be run down in unappealing neighborhoods as usual, but what’s different this time is the surprisingly increasing number of well kept executive style properties that are up for sale for pennies on the dollar.

The timing for researching on a great deal for a new house couldn’t be better than it currently is, but first you should be aware of the pros and cons of purchasing homes through a government auction as compared to the traditional way of using a Realtor.

Some of the pros of purchasing a foreclosed/pre-foreclosed home are:

• The main advantage in purchasing a foreclosed home is the below market price.

• Many homes are in good condition for much less than their market value.

• The selection range of home available to choose from is extensive.

• No realtors or agencies fees to pay although I do recommend you consult with a real estate savvy person.

• Insurance is optional which if not required will provide an additional monthly savings.

• Great investment opportunity (i.e. rent out or flip that house)

• Less risky than trading equities in the stock market.

The disadvantages would be:

• Mortgages may be harder to get (unless you have great credit with your bank).

• You need to be aware of any existing liens, judgments, or unpaid taxes still on the property.

Check that the property is free and clear of any debt ahead of time. Also know in advance when the government auction expects payment for the house and have the loan details worked out with your bank.  As with purchasing any house if you have enough cash to put down it makes your profit potential more appealing.

Government auctions are held every week throughout North America. You can locate detailed information regarding auctions on the web. Some sites will even show you previews of the houses that will be available at the upcoming auctions. Buying an estate through a government auction is very fulfilling, but as I already mentioned do your homework. You may want to watch the bidding during your first visit to a government auction so that you are comfortable with this process.

Government Car Auctions

Technorati Tags: Government Liquidation Auction, government repo house, Government Seized property auctions, Property Auctions, repossessed property