Tips For Participating In Government Auctions
The general rule for auctions is that the highest bidder wins, and cancellation is not possible. Check with the auction site ahead of time to find out if you can cancel a bid.
Each auction website operates differently. In some cases, the government agency itself runs the auctions. In other cases, the agency operates the shopping site, but a third-party company handles the auction itself.
Find out what forms of payment auctions accept. There is no uniform payment policy across all the different auctions. Some auctions accept credit card payments or personal checks. Others, such as the Internal Revenue Service , donât accept either of these. Most auctions accept cashierâs checks.
For real estate auctions, you may need to work with a broker or real estate agent to bid or make the purchase. Also, for real estate auctions, find out if financing is permitted. Many times it is not and the full purchase price is due when you win the bid.
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What Are Unpaid Rates Council Auctions
“Cheap land for sale” and why it is cheap ? Are properties that have more than four years worth of overdue rates owing can be seized by the council and listed for sale under the Local Government Act. These properties will generally be sold at or under market value and driven by motivated sellers looking for a quick sale.
Sheriff auctions occur when the court directs the sheriff to seize and sell a persons property as a result of an unpaid court-ordered debt. The sheriff is only permitted to sell seized real estate by the bargain.
Sheriff and council auctions represent great opportunities for securing off-market properties for substantially less than their market value, allowing for excellent potential return on investment. You will also be dealing with motivated sellers who are not driven by profit, but rather the need to quickly and simply complete the sale. Because these bargains arent as widely advertised as most property sales there is often less competition driving up the bids, helping you to land a bargain.
Sign Up To Receive Notifications Of Surplus State Lands
The properties listed here are offered for sale. These properties may be sold by competitive bid or any other means authorized by Rule 18-2.020, Florida Administrative Code. If interested in receiving more information, contact the Florida Department of Environmental Protection, Division of State Lands/Bureau of Public Land Administration at 850-245-2555 or the agent listed by the property.
Please note that the Board of Trustees of the Internal Improvement Trust Fund of the State of Florida or other parties acting on behalf of the Trustees have the right to deny any application to purchase surplus land and also reserves the right to make a determination that a parcel shall be competitively bid. If more than one party is interested in a particular surplus parcel, that parcel will be sold by competitive sealed bid. In addition, all surplus parcels with a market value over $500,000 must be sold by competitive bid.
SPECIAL NOTE TO ALL APPLICANTS: Submittal of a complete application shall not operate to create any rights or constitute any grounds for the Department to recommend approval of any sale. The Board of Trustees has the authority and reserves the right to deny any application to purchase surplus lands. Applicants shall be responsible for all costs associated with the purchase of surplus lands. These costs include, but are not limited to, appraisals, surveys, title searches, state documentary stamp taxes, recording fees and all other closing costs.
SALES OF SURPLUS LANDS
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Surplus State Vehicles & Equipment Auctions
The disposal of used and surplus state vehicles and equipment is done primarily through sales at public auctions. The two public auctions used are:
- Tampa Machinery Auction, Inc.
- GovDeals, Inc. www.StateofFL.GovDeals.com
The auctions are open to the public and everyone may bid. There is no bidder, buyer or registration fees charged.
Annually, the State of Florida has approximately 1,300 used vehicles and other items of mobile equipment that are available for purchase by the public and other government agencies. The types of used equipment normally available are:Automobiles
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Types Of Seized Property
Seized property could be any asset acquired as proceeds of crime or any object used to commit a crime.
Seized property may include:
- cash, equities, loans, registered retirement savings plans , bank accounts, lottery tickets, life insurance policies, personal loans or mortgages
- vehicles, motorcycles, boats or aircraft
- real property like houses, buildings or land
How Governments Can Seize Private Property
Eminent domain has a lengthy history in the U.S. as a means of allowing the government to claim private property for public use. For example, some of the earliest instances of eminent domain being exercised by the federal government include the use of private land to construct public buildings, the facilitation of water supply to populated areas and the manufacturing and production of war materials.
In terms of how the eminent domain process works, it begins with the government identifying private property which may be necessary to seize. For instance, say there are plans to expand a publicly maintained interstate that take the new road through a plot of farmland you happen to own. The government will then work with appraisers to determine an appropriate value for the piece of land or property in question.
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Govdeals / Ebid Nashville
Surplus property for the Metro Government is auctioned online through GovDeals. You are welcome to browse items up for bid and/or register to bid.
To see only Metro Government of Nashville items go to: www.govdeals.com/ebidnashville.
eBid staff manage the auction additions and item management. In fact, eBid garners significant annual revenue benefiting Metro government and taxpayers.
Metro has received national acclaim for its innovative use of the Internet. Please visit the GovDeals online auction site to bid on surplus, seized, confiscated, abandoned, unclaimed property . GovDeals is easy to use and is highly secure.
Notice: Metro employees are welcome to register and participate in eBid Nashville online auctions, provided that
- “Metro employees with first-hand information about auction items may not bid on such items.
- Additionally, to avoid any conflict of interest , Department of General Services employees are considered to have first-hand information about and may not bid on any General Services surplused items .
- Finally, General Services employees may not bid on cars or trucks, and these vehicles may not be titled to General Services employees.
Terms And Conditions Of Sale
GSA sells used personal property according to the U.S. Governments Standard Form 114C April 2001, General Sale Terms and Conditions. You may ask to review a copy from any of the GSA regional Sales Offices. Please study the terms and conditions in the Invitation for Bid and in any notices provided at auctions and other sales. Be sure you understand any special terms.
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How To Buy Government Foreclosures
Each government agency has its own ways of approaching the foreclosure sale process. You can find more information on the specifics of how to buy HUD properties, VA homes, USDA properties, and FHA real estate by visiting their informational pages on BankForeclosuresSale.com.
Generally, the process for buying government foreclosures begins with finding listings for properties you want to buy. Then, you’ll want to secure financing for a home purchase so you know how much you’ll be able to spend. Consequently you’ll want to make sure you get a home inspection to assess the property’s condition, as well as any repair costs you’ll have to spend, since government agencies will not pay for any repairs the property may require, and an appraisal of the market value of the property. Once you’ve settled on a property and secured financing, you can bid on the government home following the process and procedure of the agency’s home sale guidelines.
BankForeclosuresSale.com offers unparalleled access to hundreds of thousands of government foreclosures and discount properties currently available all over the United States. The best way to start finding government homes in your area is with a search of our listings database.
Approved Land For Sale State Map
A map of surplus properties that has been approved as available for disposal can be found below. Although these parcels have been approved for sale, they do not have a current sealed bid auction date nor appraisal established at this time. This map does not contain all available real estate, but is updated as surplus real estate is identified. If there is a specific piece of real estate you are interested in that is not listed on this map, please fill out the Surplus Land Request Form above.
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What Are Government Foreclosures
Government foreclosures are residential properties that have been repossessed and put up for sale by a government agency. The reasons for these sales can vary. In some cases, a property owner may have obtained a government-sponsored mortgage loan to buy real estate. Several government agencies, such as the Housing and Urban Development Department , the Federal Housing Authority , the Veteran’s Affairs department , offer mortgages to citizens at special rates. However, when a homeowner defaults on their mortgage, these agencies will have to repossess their property and sell it in order to get back the money lost on the unpaid loan.
Of course, there are other reasons government foreclosures are sold as well. Many homes are repossessed and sold by the Internal Revenue Service due to tax debts. In some cases, the U.S. Marshall’s office or Homeland Security department may sell property seized due to criminal activity.
Government foreclosures are sold every day across the nation, and are a key element of the U.S. housing supply. Best of all, government foreclosures offer some of the lowest prices on real estate buyers will find, and can be great opportunities for saving money and making great investments.
Government Repossessed Homes For Sale In Australia
Looking for government repossessed homes for sale to grow your property portfolio? Youll find the best listings ready to browse when you sign up to REDA.
Government properties can provide great opportunities for the smart real estate investor. But it all starts with finding the right deal. At REDA, we do the hard work for you. Our platform trawls Australias biggest and best real estate websites and extracts listings for cheap government houses and land for sale.Any Government land for sale or government property auction will be great way to secure under market value property .
Sign up to REDA for a free 30-day trial and youll be able to browse and filter under-market government property listings from around Australia. Forget about searching and comparing listings across multiple websites. REDA saves you time and collects all the best property deals together in one place. From government repossessed homes to cheap government land for sale, youll find a great addition to your portfolio.
HOW TO FIND CHEAP LAND FOR SALE AND “PROPERTIES FOR AUCTION?
Cheap land for sale upto 70% below market value is achieveable .Why is the land cheap ? Because council only want to recover the unpaid rates owing and legal costs , not the real value of the land.So finding “cheap land for sale” via unpaid rates auctions is a small niche in the property market not many property investors are aware of .
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Seized Boats For Sale Dirt Cheap
Oregon Marina Wants Them Gone: Any Offer Considered
There is an Oregon marina with some derelict and abandoned boats for sale. Any offer to the marina office with a removal plan will be considered, says the notice posted by the Warrenton Marina, which is located near the mouth of the Columbia River.
The Daily Astorian quoted Harbormaster Jane Sweet on the effort to purge the docks of boats that have become the responsibility of marina staff, taking up space and swallowing resources. Heres what the newspaper said.
The seized vessels range in price from $1,000 for the American to more than $7,000 for the 72-foot-long fishing vessel Master Chris. That last vessel is the one Sweet would really like to see go away, but she knows the smaller boats have a better chance at adoption. The person who built the Dixie Lee, a wooden fishing boat, for instance, has expressed some interest in getting it back for the family.
Georgia Auctions And Sales
Why list âoperational condition unknownâ?
Sellers wrestle with this issue all the time. While more information may help the buyer make an informed decision, in surplus, this isnât always an option. Often, the individuals reporting the property have no idea of its operational condition, if it is complete, and occasionally, what it even is!
Since Georgia State Surplus is located around the state, we can only see the description and photos provided. The equipment condition may change in the time it is presented and then sold and removed. We prefer to err on the side of caution and have the buyer inspect the item so there is no question.
Remember, you are bidding on used property, there is a reason it is being disposed of:
- Please read all the terms and conditions before you bid on any property.
- Offered property is used and sold in as-is, where-is condition.
- Bidders are not only invited but strongly encouraged to inspect the property before placing a bid.
- When applicable, GA sales taxes will be collected unless there is a tax-exempt certificate.
- Please do not try to pick up property until you receive the emailed Georgia Bill of Sale with pick up instructions.
- Any claim for mis-description must be made prior to removing the property.
- Contact a Surplus Representative if you have any questions.
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Surplus Property Open To Offers
The site and its content are made available by the New Brunswick Department of Transportation and Infrastructure as a public service without warranties of any kind, express or implied. Properties are sold on an as is basis, may require unknown repairs and may not have been inspected by DTI. While the information or photographs may not be free from error or omission, care has been taken to ensure the best possible quality. Statements or photographs regarding the condition of the properties are offered for information only and are not an enforceable condition of sale. DTI makes no representations or warranties, either expressed or implied, as to the condition of the properties, nor to the accuracy, currency or completeness of the information or photographs presented. The user assumes the entire risk as to the use of any or all information or photographs.
All surplus property is sold on an âas is, where isâ basis and the Province will make no warranty whatsoever with regard to title.
It is the responsibility of the Purchaser/Bidder to determine if there is access or a right of way to the property and what encumbrances are against the property.
The successful purchaser will be responsible for the payment of H.S.T. where applicable, and all document preparation and related fees, at the date of closing.
Purchasers must be of the age of majority in NB to take title.
Sign Up To Reda Today
To start browsing and find “CHEAP LAND FOR SALE” our comprehensive sheriff and council auction listings, sign up today for a free 30-day trial. Youll get immediate access to all our premium features including our complete database of under market value and off-market real estate listings, our expert property investment resources, and more. You can also call our team to learn more about how our platform can help you find the perfectinvestment property for your portfolio.
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Through our weekly boat and yacht auctions, we liquidate this marine inventory using a bid system, . Guests are welcome to visit one of our facilities to view the largest selection of pre-owned boats and yachts available.
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