Federal Seized Property Auctions
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There’s no doubt that if you’re interested in saving cash on any sort of goods, property or items, the bargains that can be obtained at local or federal seized property auctions are positively unparalleled. Everyone knows, or has heard, about people managing to snag incredible deals at such seized property auctions. Yes, a lot of people know this — but, not a lot of people seem to be regularly taking advantage of the low prices for quality goods that these local, federal or state seized property auctions offer. Why is this?
Most people, when in the market for some sort of high-priced item, having heard of seized property auctions, spend a token amount of time investigating them. And, as is regularly the case, quickly become frustrated because finding such seized property auctions proves difficult. They try once, don’t have much luck finding any seized property auctions, and from then on they never try again. From then on, their opinion is that what they’ve heard about seized property auctions and the deals that are available at them is just some sort of hype, or that actually finding seized property auctions is really more trouble than its worth.
If you’re like most people who have looked into taking advantage of such state, federal or local seized property auctions, chances are extremely good that you’ve had a similar experience. The truth of the matter is that taking advantage of seized property auctions, finding them, and actually obtaining amazing deals on items that you’re interested in acquiring is much easier said than done.
Traditionally, government seized property auctions are not well advertised and promoted. There’s two main reasons for this: The first reason is that, counter to what might be intuitive, the government agencies that operate these seized property auctions actually want to keep the competition amongst bidders to a minimum. This attracts the big players — the professional liquidators and other such business professionals that buy and buy and buy, and have the means to drop huge amounts of money on the big lots.
If such pros are constantly dealing with a swarm of (what they consider to be) gnats (the little guy — the private, independent individual), they’ll go elsewhere. The real pros view this as an inconvenience and an impediment to their ability to do business smoothly. The operators of government seized property auctions welcome all bidders, big and small — they have to. But, if they had their way, they’d limit the seized property auctions to just the big fish — the big time business players that will think nothing of dropping $10k on a lot of, say, 500 assorted pieces of office electronics, or a lot of 50 industrial arc-welders. The big players have big money. And that’s very attractive to the government agencies operating seized property auctions. And, the big players with the big money don’t like the annoyance of having to compete with a bunch of little players.
The second reason is that there really is just no pressing incentive to advertise seized property auctions widely, while there most certainly is incentive to keep costs to an absolute minimum. Remember, the whole shtick behind seized property auctions — what makes them so attractive to the big bidders — is that the merchandise is available for ridiculously low cost. Advertising is an added cost for the operators of seized property auctions — an added cost that, if incurred, reduces the profit able to be made by the auctioning department from the already razor-thin profit margins obtained on the individual items or lots.
The big players that fuel the seized property auctions don’t need advertising to know when and where these seized property auctions are taking place — it’s their business to know. They’ve usually spent years in developing the right professional contacts and putting a system in place to effectively keep abreast of upcoming seized property auctions.
Seized Property Auctions — The Where and When
So, if you’re not one of these big players, where does that leave you? How can you find these local, state and federal seized property auctions? Luckily, it’s not as difficult as it may at first appear.
The best way, hands down, is to take a page from the big players themselves. One of the methods the pros employ is to use the services of a government seized property auctions locating service. There are companies out there who act as service bureaus to auction buyers and interested parties looking to score deals at private and government seized property auctions. One such service is GovernmentAuctions.Org. However, there are a number of these companies currently in operation. Information on another popular seized property auctions locating service can be found at this link. And, yet another is located here. Yet another can be found at this link.
These locating services do all of the work in finding these unadvertised government seized property auctions that are coming up all across the country. You simply inform them of the locations you’re interested in — the locations you have easy access to — and when one of these seized property auctions is scheduled to happen, they’ll inform you regarding all of the information you need so that you can attend and take full advantage. It’s an invaluable service for anyone looking to obtain hefty bargains at seized property auctions. If you’re actually thinking about perhaps getting into a full-time, or just a side business, or revenue generating hobby buying low at seized property auctions and selling high, then a quality auction locating service such as one or more of the ones mentioned above is an absolutely indispensable tool!