570 active real estate auctions in New Jersey right now.
See what these items sold for: real estate sold prices in New Jersey.
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New Jersey's dense population and proximity to major metropolitan areas make government-surplus real estate auctions here particularly competitive. Federal agencies, the GSA, and state departments frequently liquidate properties across the state, from urban parcels to suburban lots. Bidding on these properties can offer significant savings compared to traditional real estate markets, though competition tends to be strong.
Properties come from multiple sources: the General Services Administration (GSA) manages federal buildings and land, state agencies like the Department of Transportation liquidate right-of-way parcels, and local authorities sometimes auction tax-foreclosed properties. You'll also find listings from the Department of Defense, HUD, and various municipalities. Each agency has different requirements for inspection access and payment terms.
Inspection policies vary by auction platform and agency. GSA auctions typically allow scheduled inspections during specific windows before the sale closes. GovDeals and PublicSurplus auctions may have different rules. Many properties are sold as-is without warranty, so requesting inspection details before bidding is important. Contact the listing agency directly if inspection terms aren't clear in the listing.
Government auctions require fast payment, often within 10-30 days of winning a bid. You'll need financing arranged before bidding since the timeline is tight. Closing costs, property taxes, and any title issues are your responsibility as the buyer. Many properties sell without title insurance or with limited warranties, so a real estate attorney familiar with government auctions in New Jersey can help protect your interests.
570 active real estate auctions in New Jersey right now.
47 Bentley Drive, Franklin Lakes, NJ 07417. 3 bed | 4 bath
