Government Real Estate Auctions

Regardless of what people are saying about real estate, it still remains one of the most lucrative assets classes investors can get involved with. The current economic climate has rightfully scared of quite a few investors from investing in property, but this only means one thing. Now is exactly the time you should jump in and fill your boots!!

Of course there are a lot of places you can go shopping around for the ideal property investment. One of the places I least recommend are property investment agents. Even though you can find some really good deals through them, the best is usually sourced by yourself as their’s are normally loaded with unwanted agency commissions.

One ‘stone left unturned’ by many property investors are government real estate auctions. Countless investors have started out building significant wealth by sourcing excellent deals by attending these government real estate auctions.

Many people don’t know where to start when it comes to these events. First thing you should keep in mind that the government is huge and there are therefore a number of these events happening throughout the country. The broad categories for these government property auctions are Government owned and government seized property.

Government Owned

These are properties that the government has owned in its own capacity. This can be one pearl bank, state as well as county and city buildings. The government own many commercial buildings such as office space and in some cases even residential property. From time to time they no longer require the use of these and they are therefore sold at government real estate auctions.

Government Seized

Various laws of the land are enforced by a number of different government agencies and entities. When criminals are caught evading taxes or involved in fraudulent activities, their assets are seized and sold to the public. This gives rise to government real estate auctions by the Internal Revenue Services and agencies such as the US Marshall’s office. These are excellent events to pick up absolute real estate gems.

When all is said and done, property investment is still one of best type of investments one can get involved with. It’s even better if you can pick up these deals at next to nothing prices. Now is arguably one of the best times to position yourself in the market for an expected upturn in economic activity over the next few months. So go and get your bargain investments at government real estate auctions.