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How to Buy U. S. Government-owned Properties |
Start Searching for Homes |
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Overview |
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What kind of property is available |
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Sales Open to the Public |
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Excess Federal Property |
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Overview |
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Today's rapidly evolving real estate environment doesn't just demand responsiveness. It demands out-of-the-box thinking that yields creative solutions for every customer, regardless of what they need or when they need it.
Through creative and innovative approaches to the marketing and disposition of our customer's properties, success has been our mutual reward. The Federal Asset Sales Real Property Program is an e-gov initiative developed with the following objectives:
Enable easier access for citizens to buy Federal Government's property
Optimize Federal Government revenues from sale of those assets
Leverage of improved asset management principles and industry best practices
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What kind of property is available |
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Properties differ widely in type, source, and value and may include improved and unimproved land, office buildings, warehouses, commercial and industrial facilities, airfields, former Post Offices, farms and multi-family residences. They may be in any of the 50 States, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, and the U.S. Pacific Territories.
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Sales Open to the Public |
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Public Sales, in the form of a sealed bid, public auction, on-line auction, or auction by mail, make Federal real property available to everyone. The appraised fair market value is used as a guide to sell Federal real estate. Public Sales are advertised extensively through a variety of traditional media and over the Internet. Proceeds from property sales are returned to the Federal Government (either to the original holding agency or the Land and Water Conservation Fund) and are available for use in other Federal Government endeavors. Each federal agency may use different sales methods and agreements.
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Excess Federal Property |
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It is the policy of the Administrator of General Services that excess real property be assessed and reported to minimize expenditures for the purchase of real property. It aids executive agencies with the process of reporting the property. The policy covers property located in the Fifty States, the District of Columbia, the Commonwealth of Puerto Rico, American Samoa, Guam, the Trust Territory of the Pacific Islands, and the Virgin Islands.
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