Tips For Buying At Government Auctions

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Chapter 9 - The Ultimate Resource

At PoliceAuctions.com, we always strive to be the Ultimate Resource for Government Auctions. This means publishing the most comprehensive set of data available on the Internet for Government Auctions as well as non-government auctions, including our live No Reserve Auctions, which stream from the site daily.

The attraction of many of these auctions is the no reserve element that we see often. No reserve means the top bid gets the item, even if the top bid is $1. As crazy as that sounds, we’ve seen it happen. At the least, a no reserve auction is an opportunity to buy something at below market prices, as long as the bidding frenzy doesn’t drive the price over that threshold.

The key to successful bargain hunting or product sourcing for resale is market knowledge combined with patience and diligence. There is a lot of information on this site and you need to really go through it to get the most out of your subscription. Check back every day because the site is updated every day.

Here’s a tip: Don’t limit your search to only your state. For example, one of the major hubs for US Treasury auctions is in Edison, New Jersey. These auctions are open to anyone from any state, so driving in from another state is okay. Also, some

auctions that are primarily offline are now adding Internet bidding as an option, so read the listing descriptions carefully. Don’t forget to use all of the resources that PoliceAuctions.com has to offer, especially the “Post Your Auctions” feature that allows you to promote your eBay auction listings on PoliceAuctions.com. The MiserMan column, Government Auction News, and Notes from the Editor contain information on upcoming events, so use these features to stay informed on future auction opportunities.

We at PoliceAuctions.com have a vested interest in your success because your success literally translates into our success, so look for us to continue to innovate and bring you more auction and liquidation purchasing opportunities. Good luck and happy bidding!

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