If you have done a search for boat auctions at all online then you’re probably well aware of the often touted boat bargains available from Uncle Sam. Government agencies like the U.S. Marshals Service or the General Services Administration (GSA) regularly inventory only to quickly liquidate surplus or seized boats not to mention about any type of forfeited or surplus asset via. internet or via. state or local auctions houses.
What’s usually the case however, is that many of the sources the Government uses to sell off their assets are what I call ‘transparent’ markets. These types of markets unfortunately easily enable bidders to compare the seized asset with a similar asset and thereby decide very quickly about how much to bid. And often times more than they should. For example one of the transparent sources you usually find government boat auctions is bid4assets.com Since there are already hundreds of other non-Gov’t yet similar assets being auctioned off on this site to the general public it’s difficult to really get a worth while since everyone has clear view of the market.
What I’ve tried to do is to identify state and local Government auction sales close to home that auction off boats Live, on site and with few bidders. These would include local Police and DEA auction events. The reality is that most don’t realize that daily across the U.S. a landlord, business owner, or some creditor is issued an order from the court directed to the Police department, requiring him to seize the debtor’s asset or property so it can be promptly liquidated at auction. The intent of course for the proceeds isto pay down the creditors as much as possible. Whoever attends these ‘must sell’ one-time auctions (and they come and go all the time) will usually have opportunity to walk away with an extremely affordable asset.
If you need help finding these Gov’t boat auction sales take a deep breath…you can try and keep up with sales events on your own. Agency websites and newspapers advertise when they are scheduled to occur. However, there are really handy membership auction database sites that regularly keep you on the cutting edge on a regular basis. I’ve found them a big time saver. These sites offer their members access to their regularly pruned auction data bases for a nominal, one-time fee.
I have signed on to five of these sites since most tend to focus on a specific broad or deep range of assets. Alternatively, others focus on particular types of auction venues. Strangely most membership sites are simply Government related ..which is very short sighted since the Gov’t isn’t the only source of auctions!.
The real key with any auction is to once and for all pick your particular asset, hone in on it by regularly exposing yourself to listings so you can make legitimate comparisons and offers. When it comes to finding a true bargain at any Government auction sale or repo boat auction event, you have to be able to really know when you’ve come across a great buy. And you can only do that by constantly comparing assets so as to recognize an undervalued asset when no one else can.
Tags: boat auctions, boat bargains, government auction sales, u s marshals, u s marshals service
