Boat Auctions

By Charles Sokolow

A boat auction could be the one event this summer that makes it all worthwhile. Picture yourself on a boat in a river-alright, that's a Beatles line, but it could be you in the near future. The best way to go about this is to find a live or online boat auction. Not only should it be a boat auction, but also it should primarily be a government seized or surplus auction. This is where you're going to get the craziest deals on those luxurious vessels you have had your eyes on. No, you won't have to empty your savings account for a boat at a government auction. Yes, you will find a great deal and you will be the proud new captain of a ship.

You might have some questions or concerns, and you are probably wondering what a government auction really is. Well, here is your answer. A government seized auction is a when assets are confiscated by the police or government entities due to criminal accounts or failure to make payments on time. These items then get inspected and then thrown up for auction. These auctions are open to the public and you won't need a special license or title to make any bids. Surplus government auctions are open to the public as well, but these are assets that are not needed by the government anymore. If a government entity has an over surplus of computer screens, those might end up on the auction block. Now that you know what these auctions are all about, it is time you figure out what you're looking for.

Most people know exactly what type of boat they are looking for when they are getting ready to make a purchase. They figure out the size of the boat and the model/year they are looking for. You can do some personal resource-you should always research-and then you make an average price that you are willing to spend on each specific boat. These assets, unlike cars or electronics, might be harder to value, but you should have number in your mind when it comes to the actual auction.

Your next step should be finding an auction location that is suitable for you. There are plenty of auctions going on all throughout the week in most counties. If you don't have the time to make it out to a live government auction, then you would definitely benefit from the online auctions that are also made available. With an online government auction, you have the ability to bid from your home, and then pick up the item after you have won the item.

When you are attending a live auction, you must be aware of the dreaded "auction fever." This is where you fall in love with an item, or you get into a bidding war with someone, and you let your feelings take over the bidding process. Many people have fallen for this trap and have spent well over the price that they initially intended on spending. Your game plan for auction day must always be the same: set a price and stick to it.

Now that you know the basics of a government boat auction, you are ready to take the dive and check it out for yourself. Do some research on a credible auction information website, set your prices, and then start bidding! It's are real rush when you end up winning a boat for hundreds or even thousands of dollars under the market value.

Government seized and surplus items can be a great invest. You can find whatever item you need for yourself or you can turn purchasing and selling these items into a business. Either way, these items are up for grabs and they are going to be sold for a great price. Check out a site like GovernmentAuctions.org for some great auction information and items.