GSA Auctions
Monday, June 23rd, 2008The General Services Administration (GSA) sells surplus real estate owned by the government. This property is acquired from a wide variety of sources. Some comes from the Internal Revenue Service (IRS), which acquires property from people who don’t pay their federal income taxes. Other properties come from other agencies of the federal government. The Property Disposal Office of the GSA has the responsibility of selling property to the highest bidder. Sometimes you can get extraordinary bargains here.
The GSA usually sells its properties using two methods: sealed bid and public auction.
investment property