“The Best and About the Only Source You Should Use to Find Boat Auctions
If you have been in the market for boat auctions at all online then you’re probably well aware of the often touted boat steals available from Uncle Sam. Government sources like the U.S. Marshals Service and the General Services Administration (GSA) regularly liquidate surplus or seized boats as well as 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 sell off their assets are what I call ‘transparent’ markets. These types of markets unfortunately easily allow bidders to compare the particular asset with a similar one and thereby decide very quickly about how much to bid. And often times they overbid. 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 legitimate bargain since everyone has clear view of the market.
What I’ve tried to do is to locate state and local Government sales events 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 every day 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 sold 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 typically have opportunity to walk away with an extremely affordable asset.
Now when it comes to 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 legitimate membership auction database sites that regularly keep you on the cutting edge on a regular basis. I’ve found them a real time saver. These sites offer their members access to their regularly pruned auction sales data banks for a nominal, one-time fee.
I have signed on to several of these sites since most tend to focus on a particularwide or deep range of assets. Alternatively, others focus on particular types of auction sources. Strangely many membership sites are only 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, focus on it by consistently exposing yourself to listings so you can make suitable 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 everyone else just passes it up.