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Phoenix Surplus Auctions Generate Revenues for Government Agencies


PHOENIX SURPLUS AUCTION • Purchasing items from a Phoenix surplus auction is an easy and affordable way to get some great deals. • You can find merchandise at or below fair market value. • From vehicles to computers and just about anything else you can think of can wind up at a surplus auction. • But, they also add much needed revenue to budget-strained government agencies. • A surplus item is defined as something that has been produced or acquired in excess of what’s needed. • The item is no longer being used or consumed, nor is it likely to be used in the future should it be stored.


PHOENIX SURPLUS AUCTION PHOENIX SURPLUS AUCTIONS MAKE SENSE FOR GOVERNMENT AGENCIES

•Government agencies often have surplus items that they no longer use. •On a regular basis, items government employ during the course of business outlive their useful lives. •The agencies have a choice: they can store the items, continue to repair and maintain them, or auction them and put the proceeds to better use. •Storing surplus items requires investing more government budget into storage space. •Given the surplus items have reached the end of their useful life, storing them doesn’t make sense, especially since it will require an added investment.


PHOENIX SURPLUS AUCTION PHOENIX SURPLUS AUCTIONS MAKE SENSE FOR GOVERNMENT AGENCIES

•Extending the useful life of an item may make sense if the analysis supports such a decision. •In other words, the government agency must determine if the proceeds from a Phoenix surplus auction of the surplus item will likely exceed the cost of extending the item’s useful life through maintenance and/or repair. •Also, government agencies can unload items before they significantly lose their value.


PHOENIX SURPLUS AUCTION ENLISTING THE SERVICES OF A PROFESSIONAL AUCTION HOUSE

•During a surplus auction, a government agency will dispose of items it no longer needs. •Prospective buyers will bid on the items and the highest bidder will buy the item. •Surplus items can include anything a government agency uses during the course of its business. •Some examples of items at Phoenix surplus auctions include vehicles, tools, office equipment, computer equipment, kitchen equipment, furniture, electronics, tools, machinery and more. •Depending on the agency, the variety of surplus items can be extensive.


PHOENIX SURPLUS AUCTION ENLISTING THE SERVICES OF A PROFESSIONAL AUCTION HOUSE

•Since managing Phoenix surplus auctions isn’t their main business, government agencies usually hire professional auction services to conduct their auctions. •The auction service will handle the entire process and conduct the auction event at its location.


PHOENIX SURPLUS AUCTION

• Phoenix surplus auctions are open to the public. • Usually, prospective buyers can preview items before bidding. • You can check the auction service’s website for a photo and description prior to the auction, as well as inspect the item during scheduled times. • Auctioneers managing the Phoenix surplus auction will publish details of the event in advance on their website, including the auction dates, times and terms. • Examples of auction terms might include the deposit requirements, payment methods, item release criteria, refund policies and other stipulations involved in the transfer of property.


PHOENIX SURPLUS AUCTION

• A Phoenix surplus auction creates opportunities for all parties. • Bidders can win items at greatly reduced prices. • Government agencies put surplus inventories to better use. • But most importantly, selling these unwanted assets generates revenues for the agency.


ABOUT THE AUTHOR Deb Weidenhamer is President of Auctions Systems Auctioneers & Appraisers, Inc., based in Phoenix, Arizona. They specialize in auctions and professional appraisals. Visit us at http://www.AuctionandAppraise.com or call 800-801-8880 for more information about Phoenix Surplus Auctions.

Phoenix Surplus Auctions Generate Revenues for Government Agencies  

Purchasing items from a Phoenix surplus auction is an easy and affordable way to get some great deals. You can find merchandise at or below...

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