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City Surplus Auction

Ways to Score on Property No Longer Needed


City Surplus Auction What is a City Surplus Auction? Municipalities hold auctions when they have property they no longer need to conduct business. One person’s junk is another person’s treasure!


City Surplus Auction How a City Surplus Auction Works •Auction conducted by city government or contracted to an outside auction house. •Can be carried out live, online or both City surplus auctions are a convenient way to get rid of unwanted municipal property and earn extra revenue. City government can save money, too!


City Surplus Auction How a City Surplus Auction Works •Open to the general public •Bidders have to be 18 years of age or older •Must have a valid driver’s license Items are usually available for preview online or at designated times before the live auction. Payment terms, purchasing procedures, pick-up, etc.


City Surplus Auction Typical Items Offered at a City Surplus Auction •Huge number of items that can include: – – – – – – –

Vehicles Heavy equipment Tools Computers Electronics Office furnishings …more


City Surplus Auction How a City Surplus Auction Works Items aren’t necessarily inferior Most city property is of great value after it serves its purpose Could include excess materials or older property


City Surplus Auction Why Attend a City Surplus Auction? •Win-win for bidders and municipalities •Snag great items at reduced prices •Find below-market prices on surplus •Cars, trucks and more at incredibly low prices Property is sold as-is. There is no warranty and you need to inspect items carefully, even though they are likely in excellent condition.


City Surplus Auction

The diversity of items at a city surplus auction is a major attraction – you never know what you’ll find. A surplus auction is one of the best places to shop for all kinds of property at discounted prices.


City Surplus Auction About the Author Deb Weidenhamer is President of Auctions Systems Auctioneers & Appraisers, Inc., based in Phoenix, Arizona. They specialize in auctions and professional appraisals. For more information about City Surplus Auctions, please visit us at http://www.auctionANDappraise.com/.


Auction Systems: City Surplus Auction - Ways to Score on Property No Longer Needed