Understanding County Auction Rules Before You Bid

learn the county auction rules before you bid

Today I’m answering your questions about county auction rules, how they can vary, and how important it is to understand them.

The topics I’m going to cover are:

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Know the Rules Before Bidding at County Tax Sales

Knowing the county auction rules very well where you want do your tax lien certificate and tax defaulted property investing is not only the first step, but also the most important step of doing your own research for a successful purchase or bidding at the county auction.

Fortunately these days, most county rules are written in a very plain and easy to read format on their website, and most legal terms are explained very clearly too.

If you still have any questions after going through the county rules, just pick up the phone and call the help line provided on the site. You are more likely to be surprised by how helpful county clerks can be.

each county auction has its own rules

Each County Property Auction Has Its Own Rules 

If you only invest in one particular county, then it should be easy to master the county auction rules there, however, most investors don’t limit themselves to just one county.

As rules vary from county to county, one can get overwhelmed and confused very quickly. So how do you tackle this challenge? Organization is the key!

To organize all the information from different counties, there’s no better way than to make up a check list or a worksheet. Here’s an example of the basic starting fields to list, and as you study along, you will know what to add to it or modify for your own need:

  • County and State Name: Your first step to clarity!
  • Sale Date: also put a reminder on your calendar a week before or when you want to start doing serious property research
  • Where the sale will be advertised: Which newspapers or on what websites
  • Location of the sale/auction: a live, physical auction or an online auction? If it’s a live auction, what’s the street address; if it’s an online auction, what’s the website address (URL)? You might want to include a street map too.
  • Registration Requirement: Is pre-registration required or you just need to show up at the time of the county auction?
  • What kind of funds are accepted: Will it be cashier’s check only? How’s personal check? How soon do you need to pay in full?
  • What kind of certificate you will get? A tax lien certificate or a tax defaulted property? And when will you get it?
  • Are there closing costs? Usually when a county auction is conducted by an auction house instead of the county itself, there’s extra fee over your bidding price.
  • What happens to the leftover properties?

Happy investing and master your county auction rules!

Learn More About Tax Delinquent Property Investing

We hope you enjoyed today’s lesson about county auction rules.

Tax defaulted property investing can be incredibly profitable. Real estate can be purchased mortgage free for pennies on the dollar at a tax sale, so the last thing you want to occur is losing out on a property because you overlooked something in the county auction rules.

Ted Thomas can show you all the ins and outs of tax delinquent property investing, If you’d like to know more about this lucrative real estate niche, you can get started today at no cost with Ted’s FREE Master Class!

mastering county auction rules by Ted Thomas

Ted Thomas is America’s Leading Authority on Tax Lien Certificates and Tax Deed Auctions, as well as a publisher and author of more than 30 books. His guidebooks on Real Estate have sold in four corners of the world. He has been teaching people just like you for over 30 years how to buy houses in good neighborhoods for pennies on the dollar. He teaches how to create wealth with minimum risk and easy-to-learn methods.

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The Ted Thomas Difference:
  • Ted is recognized as America’s Tax Lien Certificate & Tax Deed Authority and has been helping people with investing in tat defaulted properties for over 30 years.
  • Ted has built a team of certified coaches that have 70 combined years of auction experience and are available to his students by phone to guide and mentor you to avoid getting overwhelmed or worse, losing money
  • Ted has ironclad PROOF that what he is teaching you does work. With hundreds of successful students providing testimonials and a 4.9 Google rating which is unheard of in this industry.
  • Ted and his staff don’t hide behind a website; they can be reached during office hours at 321-449-9940.

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