What is Government Surplus?
Purchasing government surplus – which includes everything from computer equipment to medical tools, vehicles and parts, land and property, international real estate, and more – is an easy and affordable way to equip your new and expanding business. Here’s how it works: When a federal or state agency has extra equipment, seized goods, or forecloses on a piece of property, it is either transferred to another government agency or sold to the public. Each year the federal government then sells billions of dollars of surplus, seized, forfeited and exchange/sale assets at or below cost or fair market value. These goods are sold “as is” by auction or negotiated sale, either online, in-person or both. Online government auctions work much the same way as other auction sites, such as EBay. You visit an agency’s auction site, register your name, and place your bid. Where can I buy Government Surplus? While each state government has its own individual online auction Web site (find your state’s auc
