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Secrets of My Favorite Government Auction
Author: Dean Novosat
I love bargains. And there’s no better place to find bargains than an auction. And there are no better auctions than government surplus auctions. My favorite government surplus auction takes place the 3rd week of September every year in the County Park. I won’t tell you which county park as this is my best-kept secret! Even though the auction is advertised in the local papers (as required my law), I usually find the same 20-30 people mulling around, looking at all the lots. And many of them I know are not high-bidders!

This annual auction is the county-wide surplus auction. You will find everything and anything here as the county has various and departments. They have the typical office equipment and furniture, cars, trucks, law equipment, etc. But some more unusual things that have been auctioned off have been things like a street sign maker (for making stop signs and the like), a row of metal lockers (from the old county pool), playground equipment, 5000 plastic cafeteria trays (that sold for $8!), a stainless steel chef’s cart, a chrome torpedo trash can, and a fully operational dump truck that went for several hundred dollars.

Since I have been attending for many years, I know what to expect and I know how much to pay. For example, they typically have a dozen retro office chairs that sell very well on ebay. The opening bid on the chairs is usually $5.00 each. However, by not bidding, I can usually wait (and luckily no one else knows what a gold mine these chairs are…they just look like dirty old chairs!), and the auctioneer will lower the opening bid to $3.00, then $2.00, then $1.00, then fifty cents! Still, I am patient and wait as he throws in two or three more chairs for fifty cents! My last trip to the auction, I netted seven chairs for $4.00! I turned around and sold them for $25.00 each!

This is just one of the examples of the deals that I have found at the County Auction. The secret to my success is three-fold:

1.I know what is “hot” in the market by browsing ebay, watching HGTV, and flipping through home magazines.
2.I know what the going retail prices are and keep these in mind when I am bidding. I usually arrive at the auction early with a notebook and check out all the lots that will be auctioned. I jot down the lots numbers and the highest price I am willing to pay for that lot.
3.When the bidding starts, I wait for someone else to start the bidding. I place myself so I can “read” how badly they want the item. I will wait to place my bid. I never get caught-up in the bidding. And I always bow out at my high price that I wrote in my notebook. This way I can avoid buyer’s remorse!

Using these tactics, I have successfully won many items at the local auction and have made a huge profit reselling these items. If you use these techniques, you will also be successful at your local auction. I just hope you never find my gem of an auction, and never bid against me!

* * * * * * * *

More of my writings can be found on my blog at http://www.novosat.us/wp.

About the Author

Dean Novosat regularly attends local government auctions and participates online. Much of what he wins, he resells. He has several informative websites including http://www.buy-sell-gov-surplus.com and http://www.government-deals.com .

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More sites that feature provisions in government surplus property

1. http://agglossary.uaex.edu/viewSGlossary1.asp
... to practices of a foreign government that are unjustified ... to facilitate the disposal of surplus agricultural commodities to ... Code, an interest in personal property or fixtures that secures ...

2. 1777-1815: The Revolutionary War to the War of 1812
... servitude through direct tax provisions and the uniformity clause ... furnished the central government with a means to oppress the ... a reference to persons as property within the actual text of ...
http://www.tax.org/Museum/1777-1815.htm

3. Matthai Capital Management, Inc.
... The capital gains provisions of the tax law are ... and common stock, and surplus. Bonds and debentures ... selling securities or property as an agent ... include cash, U.S. Government bonds, receivables ...
http://www.matthai.com/in ...sources/glossary.html

4. Home Removals - Removalgroup - house removals, storage UK
... and also set out provisions governing insurance ... Authorities or other Government Agencies. 10. Time ... your premises or to property other than goods ... and any eventual surplus after settlement of ...
http://www.removalgroup.com/terms.htm

5. F U G O P
... in the cityÃ„Ã´s property tax revenue of over ... to starving government of revenue won't ... taxes to build a surplus to cover a projected ... serious anti-worker provisions that would have ...
http://fugop.blogspot.com/

6. CPB: Public Broadcasting Act of 1967
... or any State or local government. The Corporation shall ... fiscal years pursuant to the provisions of this subsection. Funds ... basis, or the purchase of property or services whenever the ...
http://www.cpb.org/aboutpb/act/text.html

7. CCI
... in areas like intellectual property rights, and greater ... per cent - coupled with the Government's efforts to rein in ... in a HK$5.8 billion operating surplus and a HK$4.1 billion ...
http://www.cciwa.com/newsletter.aspx?ID=122

8. How Many Miles from Babylon
... years and years of government schools. Global ... large freezers, made provisions for storing bulk ... turbines attached to a surplus automotive alternator ... of a creek on their property envisions harnassing ...
http://milesfrombabylon.blogspot.com/

9. The IR Theory Knowledge Base
... sovereign or worldwide government) creates situations where ... of a dynamic process with provisions for continuous feedback ... capitalist system (e.g., surplus of goods and capital which ...
http://www.irtheory.com/know.htm

10. Government futurecast
... been reestablished as the cornerstones of government economic policy. There are the four ... ... are such vital constitutional provisions as due process, property rights, the uniform and non ...
http://www.futurecasts.co ...nment_futurecast.html

11. Senator Vincent J. Fumo
... three branches of government. Our founding ... much more specific provisions to make sure that ... INCOME TAX FOR PROPERTY TAX CUTS 1-23-06 ... BOOST REVENUE SURPLUS 6-7-05 WORLD ...
http://www.fumo.com/

12. GSA Fleet Vehicle Sales
... sales are to be held in accordance with the provisions of Standard Form 114c (general sale terms ... ... directly or indirectly, any government property being sold as surplus. Employees of other ...
http://www.autoauctions.gsa.gov/terms.cfm

13. Virginia Condominium & Homeowners Association Lawyer : Inman & Strickler
... and file under the provisions of Section 1120 of ... of the use of any surplus. Income is defined as ... Act and Property Owners Association ... John Rizvi Government Contracts ...
http://vahoalaw.com/

14. NACM E-news
... more controversial provisions of the bill, it ... witnessed a budget surplus of $128 billion ... they want is for a government inspector to show ... in an increase in property crime. A new study ...
http://www.nacm.org/enews/enews_redirect.html

15. John William Pope Civitas Institute
... as pork or special provisions. You may not agree ... in the $1 billion surplus, so there is no need ... priorities in government spending, and will ... TO PROTECT PRIVATE PROPERTY FROM LOCAL ...
http://blog.jwpcivitasinstitute.org/

16. National Clearinghouse for Educational Facilities - News
... Kramer said. Class-size provisions alone created an immediate ... could help ease the burden on property owners. Idaho Bill Tries to ... similar to what the federal government has tested in its ...
http://www.edfacilities.org/ne/news.cfm

17. Economy Watch
... the state has the highest property taxes in the nation. Part of ... Senate was increasing the government's borrowing limit and ... a trade deficit is a capital surplus - and this is a sign of ...
http://www.heritage.org/r ...eatures/economywatch/

18. May 2004 Federal Contracts Perspective
... government property provisions in the proposed ... and disposal of government property produced ... of Excess Personal Property; and FAR 45.604-2 ... or Donation of Surplus Property, delineate ...
http://www.fedgovcontracts.com/newsltr/fcp5-5.htm

19. Category: Surplus government property | Congress votes database | washington...
... for the government of the District of ... certain expiring provisions, and for other ... To amend the Federal Property and Administrative ... transfer to States of surplus personal property for ...
http://projects.washingto ...-government-property/

20. ICANN | .asia New sTLD RFP Application
... tax exemption provisions status as a not-for ... Hong Kong, HKSAR Government (InvestHK ... e.g. decision on surplus allocation) may also ... World Intellectual Property Organization; Asian ...
http://www.icann.org/tlds ...apps-19mar04/asia.htm

21. Citizens for Tax Justice Publications List
... the Projected Federal Budget Surplus 7/9/99 CTJ Analysis of ... Conference Agreement tax provisions including capital gains tax ... Tax Cuts for Richest 1%; Government Services Down While Middle ...
http://www.ctj.org/html/publist.htm

22. Virginia Evaluation Information Online
... was required under provisions of Chapter 388 of the 1978 ... Technology in Virginia State Government, August 1987 (Performed ... Communications, State Surplus Property, Federal Surplus ...
http://jlarc.state.va.us/pubs_bib8589.htm

23. Pennsylvania State Association of Township Supervisors
... on Senate Local Government SB 157 Armstrong, G ... thereon; repealing provisions relating to ... contents of claims & property public record. Bill ... and for disposition of surplus funds. Bill History ...
http://www.psats.org/legislation/legup03.shtml

24. Circular A-87, Revised
... services Contingency provisions Defense and ... of depreciable property and other capital ... programs General government expenses Goods or ... disposal of scrap or surplus materials acquired in ...
http://www.whitehouse.gov ...rs/a087/a87_2004.html

25. Ashoka: Environmental Innovations Initiative
... private encroachment on public property. Undeterred, Maqsood and Iftekhar conducted an independent study that surveyed and identified a sufficient number of government-owned and vacant lands within ...
http://www.ashoka.org/global/ei_casestudies.cfm

26. Yahoo Financial Glossary
... hit the bid. Take-out A cash surplus generated by the sale of one ... of the government to enforce a claim against the property of a ... aimed at tightening provisions relating to taxation ...
http://biz.yahoo.com/f/g/tt.html

27. WTSC - Law
... or her own funds or property) having the ... to the conduct of government or the performance ... political committee, "surplus funds" mean those ... conjunction with the provisions of (a) through (e ...
http://www.wtsc.wa.gov/law.html

28. DD Forms 1000-1499
... 1988 DD1143 EXCESS AND SURPLUS MATERIEL AT DISPOSAL ... QUOTATIONS (GENERAL PROVISIONS) SEP 1982 DD1155R-1 ... 1971 DD1299 PERSONAL PROPERTY, APPLICATION FOR ... REQUISITION FOR GOVERNMENT OWNED ...
http://www.dtic.mil/whs/d .../ddforms1000-1499.htm

30. DFARS Table Of Contents
... 70 - APPOINTMENT OF PROPERTY ADMINISTRATORS AND ... 245.73 - SALE OF SURPLUS CONTRACTOR INVENTORY ... CONTRACTOR USE OF GOVERNMENT SUPPLY SOURCES ... 252 - SOLICITATION PROVISIONS AND CONTRACT ...
http://www.acq.osd.mil/dp ...tml/current/204_2.htm

31. Chapters 35 to 40
... his servants. With any surplus, the fishermen bought ... and oil, and other provisions. These fishing ... while Spanish government policy mandated ... east to the Drumen property, inasmuch as Bokoko ...
http://www.thebubis.com/Chapters 35 to 40.htm

32. Genetix - Legal Info
... duties and other government charges payable in ... or other intellectual property rights of any third ... of the other provisions of these Conditions ... of consumable goods surplus to requirements the ...
http://www.genetix.com/about/legal.asp

33. Asian Analysis / Newsletter / Latest
... and the Government had to provide assistance. Indian agriculture exports such as fruit, coffee, meat, rice, etc have also been adversely affected due to these environmental provisions. These ...
http://www.aseanfocus.com/asiananalysis/latest.cfm

34. Corporate Law-The Economic Times
... Law Consumer Law Property Law Notifications ... on Wednesday said provisions of Press Note 2 ... to your PSU break Government officials can no ... get more say in use of surplus funds 'Draft bill to ...
http://www1.economictimes ...articlelist/30732.cms

35. Tax Policy Center | Publications
... December 5, 2005) Property Tax Credits Offered ... Funding on State Government Finances (August 18 ... January 7, 2003) Tax Provisions in The President's ... The Vanishing Budget Surplus (August 29, 2002 ...
http://www.taxpolicycente ...e.cfm?ListByDate=true

36. The real property risk to homeland security
... guidance. Under the provisions of HSPD-12, by ... Agenda), the government will be required to ... handle on its real property and human resources ... money from the sale of surplus property to the ...
http://www.governmentlead ...ssues/news/118-1.html

37. LosBanosEnterprise.com :: Los Banos News, Homes, Jobs, Cars and more
... There has been no change in the law - districts have always had to comply with the Government Code provisions regulating disposal of surplus property. In fact, the Legislative Comment to Section 9042 ...
http://www.losbanosenterp ...70994p-12733967c.html

38. Maryland LLC - Companies Incorporated
... In contrast, there are provisions in the law such that when ... regulation and government of its affairs and property, the transfer ... therefore its capital, capital surplus, surplus, or other property ...
http://www.companiesinc.com/Maryland-LLC.asp

39. TITLE 44: GOVERNMENT CONTRACTS, PROCUREMENT AND PROPERTY MANAGEMENT : Parts ...
TITLE 44: GOVERNMENT CONTRACTS, PROCUREMENT AND PROPERTY MANAGEMENT ... AND PROCEDURES AND GENERAL PROVISIONS FOR THE PURCHASE OF ... OWNED PERSONAL PROPERTY PART 5020 FEDERAL SURPLUS PROPERTY ...
http://www.ilga.gov/commi ...ode/044/044parts.html

40. MapUp.com
... banking, labor, and private property. The economy also benefited ... in full compliance with the provisions of the Jackson-Vanik ... some of the governmentÃs fiscal surplus into a ...
http://mapup.com/asia/russia.html

41. Offshore Companies and offshore shelf companies - incorporate an offshore co...
... has the required surplus capital. Tax savings ... licence. The Vanuatu government requires disclosure ... to the secrecy provisions of Vanuatu ... coverage General property and casualty ...
http://www.mooresrowland. ...nsurance company.html

42. UN General Assembly Resolution 181
http://www.stateofisrael.com/resolution/

43. Department of Education Flexiplace Program
... consistent with the provisions of the CBA. During ... provided the property is used exclusively ... a malfunction of Government-owned equipment. If ... e.g. use of inventory surplus, leased equipment ...
http://www.telework.gov/policies/education.asp

44. Whole Foods Market : Company : John Mackey's Blog : Rethinking the Social Re...
... thanks to corporate tax provisions, the equivalent of a 501c(3 ... A system based on private property and free markets is a ... not most, I suspect, due to government interventions. But with all ...
http://www.wholefoods.com ...9/rethinking_the.html

45. Watch this page for updates
... on government property. This bill would ... a significant surplus, and rather than ... Ferrucci Director of Government Affairs Connecticut ... to many of the provisions in S.B. 3 including ...
http://www.sdcala.org/CALA Ad_01.htm

46. Chris Worthington - The taxing question of redistribution
... either involve some of the surplus, or increasing use of user ... and means-testing of government provisions for high income ... budget health housing / property income distribution industry ...
http://articles.gmi.co.nz ...istribution_1004.html

47. FSF India Memorandum | Free Software Foundation of India
... to invest the surplus money not immediately ... of the income or property aforesaid shall be ... of the Central Government,, no remuneration ... compliance of the provisions of the Companies ...
http://www.gnu.org.in/node/45

48. American Indians - THE FIRST AMERICANS
... Under the charter's provisions, power rested with ... him first option on surplus crops. Further to the ... with the British government, they also ... consent of freemen (property holders). They found ...
http://www.americanindians.com/FirstAmericans.htm

49. NASA Watch .info NASA watchdog regarding space
... self-serving hurdles!) Property rights regarding Space ... conspiring to get Boeing a government contract at grossly ... in mid-December include provisions that would allow NASA to ...
http://www.spaceprojects.com/NASA/

50. January 27, 1948 [H.R. 3342] [Public Law 402]. August 1, 1946 [S. 1636] [Pub...
... receipts. "(2) In carrying out the provisions of this section, the Secretary of State is ... ... for currencies, of such government acquired as a result such surplus property disposals, for the ...
http://www.ukansas.com/ca ...S/laws/Congress1.html