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State Auctions
State auctions, like federal auctions, sell property to the public through a bidding process. The policies and procedures will vary for each state. There are three types of state auctions: internet auctions, live auctions, and sealed bid auctions. Internet state auctions have become particularly popular for their convenience. All of the items are listed online along with descriptions and photos. A lot of live state auctions also list items on the internet in advance of the event. Bidders can then browse the available sales and determine their bidding prices. Sealed bid state auctions require bidders to mail in bids and bid deposits prior to the date of the auction. The highest bidder is awarded the sale.
State auctions generally sell two types of property: seized and surplus. Seize property has been confiscated by the government due to criminal activity, negligence, or abandonment. Surplus property includes used items that are no longer needed by the state agencies, including office equipment, computers, and other supplies. Some state auctions require bidders to register in advance. Be prepared to bring cashier checks or other authorized forms of payment with you to the auction. Items are sold as is and you’ll be asked to remove any awarded property at the end of the auction.