Buy real estate and other things for dirt cheap through GovSales


A person could buy real estate for dirt cheap through GovSales. Image from Wikimedia Commons.

Buying a home is a huge decision, but that doesn’t mean that one must always pay what agents would like them to. There’s a way to buy real estate ridiculously cheap, no matter where you live. Try looking at real estate being offered by the United States Government.

Uncle Sam will be agent and loan lender in one

The government of the United States is indeed one of the largest, if not the largest, real estate agent in the nation. It is also one of the biggest loan lenders, too. Federal Housing Administration, Veterans Administration and other installment loans for purchasing homes or other property are lent all the time by the government. For the past few years, Uncle Sam started selling houses, too. During the administration of President George W. Bush, the Office of Management and Budget asked all federal agencies to catalog all assets like property, equipment and so forth that they held, according to CNN. Holdings of equipment or property that weren’t being used or wouldn’t be used are now sold through the General Services Administration.

GovSales offers homes to lighthouses

The General Services Administration, or GSA, maintains an auction site at – and there are some seriously cheap prices on real estate. Former industrial properties and government buildings from office space to lighthouses are available to the highest bidder. There are also some incredibly low-priced residential listings as well, especially former Housing and Urban Development properties. For example, one listing is for an HUD property in Birmingham, Alabama, where a 4 bedroom, 2 bathroom home is listed for sale at a mere $35,000. Granted, some repairs may need to be done, but a buyer could get a loan through the FHA.

Plenty of other stuff, too

GovSales also has cars, trucks, computer equipment, boats and just about everything else the government has in surplus. It is an auction site, so interested buyers will need the cash on hand to make the purchase. That said, a person can save some serious green by buying from Uncle Sam.