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Buildings
Frequently Asked Questions
Property Disposal
Property Disposal 1. Is there a Publication associated with the Office of Property Disposal Public Building Service? Yes. Our Newsletter is printed by the U.S. General Services Administration. You can view the latest newsletter as well as archived newsletters by clicking here. 2. What is the process involved in acquiring missile silos for private individuals or public agencies? GSA disposes of abandoned missile sites for The Air Force pursuant to Public Law 100-180, as amended by Public Law 103-160. During the 1960s and early 1970s, silos were disposed of intact and were available for purchase in their original structural condition. However, the current missile site decommission process is vastly different. Decommissioned silos are now destroyed by implosion. The land, along with any easements, is made available for purchase by qualified adjacent landowners. The law, referenced above, requires that a negotiated sale or competitive sealed bid sale with adjacent landowners occur prior to any other sale. If the property is not sold in this way, then we proceed to disposal in accordance with the provisions of the Federal Property and Administrative Services Act of 1949 (49 Act), as amended. 3. If I am the successful bidder, do I receive a deed? Yes. GSA typically issues a Quitclaim Deed when a property is sold. 4. Is the highest bid always accepted? Not necessarily. GSA reserves the right to accept an offer in the government's best interest and sometimes other factors are considered. 5. Is a bid deposit required to bid? Yes, a bid deposit is required to bid. The amount of the required deposit is included in the brochure for each property. Typically this deposit is around ten percent of the amount bid. 6. Do you offer financing? You will need to make arrangements to get your own financing for the purchase. After the date of acceptance, there will usually be a 30 day period in which you may send in your final payment and we can close the sale. More information regarding the closing of the sale will be found in the Invitation for Bids. You may contact the Realty Officer handling the sale for any further information or arrangements. 7. How do I find out if I am the highest bidder? If your bid was the highest bid received and if the bid has met all the criteria required and will be accepted, the Realty Officer will call you to let you know. This will happen either on the day of bid opening or shortly thereafter. 8. If mine is a low bid, how can I find out who the high bidder was and when do I get my money back? If you were not the high bidder, we make every effort to send your money back to you as soon as possible after the date of the bid opening. The name and address of the highest bidder can be obtained by calling the Real Property Disposal sales office. 9. Is there a bid deposit? A bid deposit is usually 10% of the total amount you intend to bid for the property. This is a amount you should send when you make your bid. Written instructions are in the IFB about how to make your bid and where and when to send it to arrive in the Property Disposal office by a certain time and date. 10. Is there a minimum bid? Usually there is no minimum bid on the property, however, if a minimum bid is required, it will state that amount on the bid pages of the IFB. Realizing that it is often difficult to know "where to start," a minimum acceptable bid price is occasionally suggested for certain properties; however, this may or may not correspond with appraised Fair Market Value. For additional assistance on this issue, the caller may consult with the appropriate GSA sales or appraisal contact. 11. Are GSA properties sold at discount prices? No, GSA is required to obtain fair market value for property sold to the public. 12. What is the appraised value of the property? As a matter of policy, GSA does not release any information regarding the appraisal of the property being sold. This information is considered proprietary, for GSA internal use only. In addition, neither the appraised value nor the appraisal report are subject to FOLA. The prospective buyer is encouraged to seek out the opinions of local real estate professionals when considering purchase of a property. 13. How much are you asking for this property? There is no set price for our properties, however it will usually sell for at least appraised fair market value. 14. Where is the property located and when can I look at it? The Invitation for Bids(IFB) contains information on how to get to the property and when and how the property can be inspected. The IFB also tells you the name of the Realty Officer who is handling the property and his/her phone number where they can be reached for any questions not answered in that IFB. 15. Do you also have automobiles for sale, and other personal property for sale? GSA does have a Personal Property Division where they sell almost anything from pencils and desks to automobiles and mobile homes. I believe they do keep a mailing list for different sales they might have and they do keep a mailing list for notifying you of these sales. The phone number for that division is 1 (800) 495-1276 or (817) 978-2352. 16. How can I find out what properties are currently for sale? Current properties for sale can be searched online in the Properties for Sale. The public sales are also in local and national newspapers, in trade publications, on radio, and in our bimonthly leaflet. You can find out more information by linking to the U.S. Real Estate Sales List that is put out by the Consumer Information Center (CIC). The Sales List is available in print for free from all of our offices or you may request a copy by writing to Properties, Consumer Information Center, Pueblo, CO 81002. 17. What is the invitation for bids (IFB)? The IFB is a publication which contains most of the information you will need in order to make a bid for a property. It gives the location of the property, property description, maps(sometimes pictures), general terms of the sale, and any special terms of the sale. The IFB also contains your actual bid forms for purchase of the property. Any additional questions you have regarding the property or how to bid can be answered by calling the Realty Officer listed in the Invitation for Bids. 18. What is the U.S. Real Property Sales List and can I get on your mailing list? Please refer to the following website for information concerning real property: http://www.pueblo.gsa.gov/cic_text/fed_prog/realprop/realprop.htm . 
Last Modified 10/22/2004
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