Resources For Realtors, Agents and Brokers

Have you heard about tax sales recently? Have you been wondering what they are and what they can do for you? Lots of people have had this experience. “Who would sell their taxes?” many are wondering. Others, knowing that tax sales actually involve real estate, are wondering how these sales can work for them and what they need to know about the ins and outs of the whole process.

County auditors hold tax sales annually (at least) to pay off the delinquent taxes of property owners. At these auctions you will find tax lien certificates and tax deeds for sale. Some people like to purchase tax lien certificates which guarantee them a certain percentage rate of interest from the government and sometimes they can get the deed to the property if the owner doesn’t pay off their taxes by the specified time. Others are interested only in tax deeds, so that they claim full ownership of the property with no encumbrances.

You don’t have to go to tax sales to get the properties though. Another option is obtaining a copy of the list from the county auditor one to two months before the auction. Sometimes these lists are available online as well, often with weekly updates (some owners pay off their taxes before the tax sales). From these lists of properties you can do some research and get in contact with the property owners.

By contacting the owners you can try and work out a deal to get the property before anyone else does and without the stress of having to compete at auction. Tax payers who haven’t paid up to the point of the tax sales generally don’t have the money and are in a stressful situation themselves. They are often willing to work with investors and will let them secure a great deal, because it helps them out as well.

Make sure that you also research the properties. Research is essential to successful investment, because you need to know what you are getting yourself into. It is possible that the property could be in poor enough condition that even a small amount of money spent at tax sales would not be worth it. So, drive by, talk to the owners, do some internet research, whatever it takes to make a good decision.

Tax sales offer you an opportunity to make anywhere from 18 to 50 % in interest in only 1 to 5 years. They are a great way to get involved in the real estate industry for flipping, renting, leasing, or owning. You can also simply make some quick money by reselling the property to investors. Whatever your desires are, tax sales are definitely worth putting a little more time into learning about.

If you want to find out more about how a Tax Lien Certificates sale works, then visit No Risk Investor and see how to choose from among the best Tax Lien Certificates.