4 Reasons To Sign Up For Government Seized Properties Auction Lists

In simpler terms, Government seized properties lists contain detailed information on real estate

, cars, vehicles, jewelry, antiques and art items that have been confiscated from their original owners to be sold to realize dues from tax evaders, smugglers or those hit by bankruptcy. These are great sources of information to those who are interested in buying premium items at virtually throwaway prices.

*The first advantage of signing up for government seized properties auction lists is that they are sent to you directly by email or regular post so that you can save a considerable amount of time and energy in going around looking for them. Since this is the government's initiative to create a fair and reasonable marketplace that caters to the needs of citizens, it is viewed more as a social service rather than a pure business venture. A substantial amount of transparency and fair play that intends giving equal opportunities to all bidders is, therefore, expected and received from these lists.

*There are state lists for government seized properties which can be found online and these make access to information easier. Then there are the local lists that are available through local newspapers or auction houses and one also needs to search lists put up by the appropriate US customs agency that will host the auction.

*However, even though the lists for such government seized properties and items contain full details of their physical characteristics, they do not mention the present condition of the items. That's why physical inspection is necessary even if it is an online auction where you can see pictures of the items on sale.

The US police also hold regular auctions of seized goods, particularly sophisticated firearms and listings for these too, are available at specified websites and press advertisements.

*An added advantage of these lists is that they help you tell from the details provided whether you are buying new, old or used property. The description and price are enough to let the seasoned buyer know its actual net worth and helps him to negotiate further for lower bids and to make a final killing. Also these lists can be shown to experienced bidders to take their valuable opinion on how and when to place a suitable bid to get the item at the lowest price.

An auction list containing details of real estate is good for land brokers who wish to purchase properties and resell them at a premium. Similarly, lists for used cars are extremely useful to dealers in pre-used cars and has slowly become a lucrative industry catering to the needs of those who are unable to buy new cars in these financially turbulent times.

by: Adrian Getty

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