How legit is GSA auctions?
GSA Auctions is a good site to browse and/or bid on larger items and properties for a low price. If you are looking to own and find unique pieces of American history, this would be the place to look. However, you cannot list personal items on this site.
How do you bid at GSA auctions?
Placing a bid: GSA Auctions only accepts minimum (flat) and maximum (proxy) bids for Personal Property auctions. The minimum bid is either the starting price of the auction, or the current winning bid plus the bid increment. The maximum bid is the maximum amount you are willing to pay for an item.
What do I need to know about GSA auctions?
GSA Auctions® helps people purchase personal property from locations around the country. Surplus Sales of Personal Property announces and tracks sales of property sold through offline bidding such as public auction.
How does GSA auction work?
GSA holds an auction when there is a large number of items for sale in one location. Many of our car and truck sales are auctions. We use traditional auction methods. Prospective bidders will receive descriptions, bidding instructions, and an opportunity to inspect the merchandise ahead of time or on the day of sale.
Who can buy from GovDeals?
Eligibility: A bidder must be a minimum of 18 years old, and be legally able to form binding contracts as a buyer in an auction. Inspection: Most items offered for sale are used, and may contain defects not immediately detectable. The responsibility to determine the condition of the property rests with the bidder.
What is the largest global online auction website?
eBay
The largest consumer-to-consumer online auction site is eBay, and online auctions have become a convenient, efficient and effective way to buy and sell goods.
Is bid rigging a felony?
United States. In the United States, bid rigging is a federal felony criminal offense under Section 1 of the Sherman Act.
Can I refuse to pay an auction?
A contract you would be in breach of if you don’t pay the deposit or reservation fee straight away. If you can’t pay the deposit or reservation fee on auction day, or decide not to, the auctioneer and seller can sue you for the amount you need to pay.
Is GovDeals a legit site?
Govdeals is a very Shady Company. Recently they tried to extort me for $180. While bidding, I had hit the wrong key. I immediately called and emailed the seller, UAB and told them about the typo.
What happens if you don’t pay GovDeals?
All sellers have a strict payment due date. If the item is not paid for by the time stated, the seller may lock your account for default, and you will be assessed a fee equal to 40% of your winning bid amount.
What are the different types of GSA Auctions?
GSA Auctions: Online auction sales offer web-enabled auctions, a wide variety of personal property, electronic bidding, bids by proxy, and instant feedback. Drop-by Sale: This type of sale is a combination of an auction, spot bid and sealed bid sale.
How does GSA sell agency surplus property?
GSA can sell agency surplus, exchange/sale, and forfeited personal property through GSA Auctions or offline sales. GSA provides services that will speed disposal of property and generate greater returns.
What do prospective bidders receive when bidding on items?
Prospective bidders will receive descriptions, bidding instructions, and an opportunity to inspect the merchandise ahead of time or on the day of sale many of our sales are conducted by commercial auction companies under contract with GSA.
What services does GSA fleet offer?
For light-duty vehicles, our partnership with GSA Fleet offers value-added services, including transportation, storage, maintenance and vehicle reconditioning, as part of the GSA Auctions Sales Center. The fee is based on the level of service.