“The Honest Truth About Where You Can Find Government Seized Boats
If you have been in the market 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 liquidate surplus or seized boats along with about any type of forfeited or surplus asset via. internet or via. state or local auctions houses.
My experience with these Gov’t sales is that many of the sources the Government uses to liquidate their assets are what I call ‘transparent’ market places. These types of markets unfortunately easily permit bidders to compare the seized asset with a similar one and thereby decide very quickly about how much they will bid. And often times more than they should. For example one of the transparent websites you regularly 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 great buy 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 attendees. These would include local Police and DEA auction events. The reality is that most don’t realize that every day across the U.S. a landlord, business owner, or some creditor is issued an order from the court directed to the sheriff, 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. I’ve found that 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.
With regards to finding these Gov’t boat auction sales take a deep breath…you can attempt to 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 daily. I’ve found them a significant time saver. These sites offer their members access to their regularly pruned auction data bases for a nominal, one-time fee.
I’ve subscribed to several of these sites since most tend to focus on a specificwide or deep range of assets. Alternatively, others focus on particular types of auction venues. For some reason most membership sites are simply Government related ..which in my opinion is too limiting since there are so many other types of auction venues to take advantage of.
In the end the key with any auction is to once and for all pick your particular asset, hone in on it by frequently exposing yourself to listings so you can make legitimate comparisons and offers. When it comes to finding a diamond in the rough 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 you see it.
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