5 Tips to Buy Stuff From Government Auctions, Sales
You may have heard that you can buy “stuff” from the government. But how does it work? Can you really get good deals? With these tips from USAGov, you can learn how to be a smart shopper at government auctions and sales and discover the surprising variety of things you can buy:
Who sells government property?
- GSA Auctions, the government’s national electronic bidding site for buying federal assets, from common household items to specialized equipment and vehicles
- GovSales.gov, listing all the government’s property for sale, including real estate
Illlinois State Surplus Public Auctions (iBid)
Often called “the eBay® of Illinois,” iBid is the state’s online auction website. The iBid web site allows users to browse and bid for items currently available for sale at public auction. Auctions are held weekly at http://ibid.illinois.gov and interested bidders can find vehicles, office furniture, electronics, machine shop equipment … and much more each week!
Cities and other local governments in Illinois can apply to become a “Seller” of local government surplus and use the state’s surplus property online auction website to dispose of their unneeded equipment. Interested units of local government should call (217) 785-6903. iBid can help local governments reap the highest return to its taxpayers from thousands of interested bidders throughout Illinois and around the world, at significantly lower fees than most online auction services.
What “stuff” can you buy?
You can buy everyday items — chairs, desks, furniture, computers, and electronic equipment — that can go in your home or office. You can also buy hand tools, watches, and jewelry, as well as vehicles, including cars, trucks, boats, and even airplanes!
If you’re interested in buying a house, the government offers foreclosed single family homes. But make sure you work with a real estate agent, broker, or servicing representative to make an offer or bid. You can also find commercial real estate and land for sale.
This surplus property includes office buildings, warehouses, commercial facilities, and former post offices. If you still haven’t found something, you might consider buying seized properties from the IRS. Remember: Even though you can find considerable savings on government-owned property, everything sells at fair-market value.
How can you buy government property?
- Live auctions – You can find many types of items like cars and trucks for sale at one location. Either before or on the day of the auction, you’ll receive descriptions, instructions on how to bid, and the chance to inspect the merchandise. Sometimes you can find special items highlighted in print and online media.
- Online auctions – For surplus personal property, register on GSA Auctions. You can search for items by various categories and bid electronically. Keep in mind that once you place a successful bid on an item, you’ll have to pay for it within two business days and pick it up within 10 business days. For other government property for sale, including real estate, start at GovSales.gov. Once you’ve found what you’re looking for, follow the bidding instructions.
- Fixed-price sales – In this type of sale, all items have non-negotiable price tags. You can come in person to inspect, purchase, and take the non-returnable merchandise with you.
When is the best time to buy?
The government hosts many types of surplus personal property and real estate sales—both in person and online—throughout the year. For sales online, there’s no specific time frame, though sales typically last a week. There’s a constantly cycling inventory, so you’ll want to check the listings daily to find the best deals.
Why buy from the government?
You can make your money go farther on a wide variety of individual items. And that goes for bulk items, such as laptops, cell phones, and other electronic equipment, too. If you’re in the market for a car, government vehicles are exceptionally well maintained and often come with detailed paperwork, as opposed to buying through a private dealer, who might not know the vehicle’s maintenance history.
You can also take heart in knowing that all proceeds from government sales go back to the original holding or selling agency, to the Land and Water Conservation Fund, or are deposited in the U.S. Treasury’s general fund. And while there are no giveaways — yachts don’t come cheap — the discounted prices give you another reason to try out a government sale.
Learn more about buying from the government on USA.gov. Whether you’re looking for surplus sales, collectibles, or other government-owned property available through purchase or auction, you’ll find the information and services you need.