Government Surplus Auction

With inflation striking all around us and the economy in question it makes more sense then ever to find the best values when it comes to bigger ticket business and house items. Items such as property, vehicles, furniture and fixtures, electronics, machinery, jewellery, exercise equipment, etc. There are many places you can buy these types of items but one place you probably haven’t considered, and probably has the best value for your buck is government surpluses.

Government Surplus Auctions occur regularly, whether it is in your town, city, or county. These are items the government has purchased for one reason or another and are sitting idle in inventory. Legislation says these items can’t remain in inventory after a certain amount of time so it must be awarded back to the public in the form of an auction. These auctions can be either on-line and/or physically on-location. Because projects and priorities are consistently changing many of the items auctioned are never used.

Since these items are so discounted another angle that can be ventured into is starting a business reselling the items that you purchased from the government to make some extra income. A lot of smart business people actually flock to these government surplus sales and take their pick from the items, and resell them for a good profit.

So where do you find info on dates and venues of government auctions? With a simple search engine query, you can already access hundreds to thousands of websites that have announcements on government surplus auctions. Many sites even offer schedules and photos of items on the inventory, so you can take your pick and plan ahead.

Here is a word of advice though. Most government auction websites will require you to sign up with a membership fee to view the merchandise and the schedules of events. Some of them, however, do not provide their members quality for their money, such that listings and schedules are not updated.

To avoid becoming victims to these websites, you should check out a government auctions review site. They will provide valuable information regarding the main government auction sites and prevent you from being mislead my scams. As they have done the research already they can assist you in what to look for and do an evaluation of the more established government auction sites.

A government auctions review site will also provide ratings on which sites to join for updated lists for government surplus auctions. Now, you won’t have to worry about getting scammed online, and you can focus on making profits from your government surplus purchases.

If you’re involved in auction activities, no doubt you would know the golden rule. This ‘golden rule’ is simply this. Attend as many events as you possibly can. You need to do this, because not all auctions will have the kind of bargains you’re looking for. The more you attend, the better the odds are in getting what you want for the price you want it.

Canadian government auctions are a great way to diversify your auction participation. Whether you’re based in the States or Canada, this is an opportunity for you to get involved with proven money saver auctions.

The Canadian economy is big. As a matter of fact, Gross Domestic Product exceeds ,2 trillion. Even more important to note, the government is a big participant in this economy. This obviously then leads to a great deal of Canadian government auctions held around the country where a number of different government owned and seized goods are sold.

The Canadian government has a federal, provincial and local city level. Auctions take place on all of these. If its federal auctions you’re looking for, you’re starting point is the Crown Asset Distribution. This is a federal agency tasked with disposing all federal surplus goods. They have centres across Canada where a range of assets are sold. These are typical government surplus such as cars, trucks, Suv’s , laptops, computers, office furniture, telephones, etc.

If you don’t fancy federal auctions, perhaps you can consider attending provincial events. The ten provinces in Canada are:

Ontario

Quebec

Nova Scotia

New Brunswick

Manitoba

British Columbia

Prince Edward Island

Saskatchewan

Alberta

Newfoundland and Labrador

As individual territories they conduct auctions from time to time. Also you will be able to find some juicy, potentially lucrative auctions on a City level. Many eager bidders have made good money, by attending events at cities like Saskatoon, Vancouver, Winnipeg, etc.

The auction method depends entirely on the relevant administration authority and can either be held by the agency themselves, outsourced to third party vendors (private auctioneers) or sold online.

Whatever the case, these auctions are a great way to get goods on the cheap.