Discover how effective marketing strategies can help you sell tax defaulted properties quickly and for maximum profit.
Are you interested in buying tax defaulted properties at below market value but wondering how to sell them quickly for a profit? Selling these properties can be a challenge, but with the power of marketing, you can attract potential buyers and maximize your profits.
By utilizing platforms like Zillow, Trulia, and the MLS, as well as active media channels and effective advertising strategies, you can create awareness about the availability of these tax delinquent properties for sale.
Today, we will explore the significance of marketing, effective advertising strategies, and property availability and auctions. Get ready to unleash the power of marketing to achieve your financial goals selling tax defaulted properties.
Significance of Pricing Your Tax Defaulted Property for Sale
At local county auctions, you can acquire tax defaulted real estate for pennies on the dollar, and because the county will extinguish the mortgage or deed of trust, you get tax defaulted properties mortgage-free.
Think about that. You placed your winning bid at the auction, and you walked away with a property that you purchased mortgage-free for 10, 20 or 30 cents on the dollar. That’s a lot of profit margin.
How do you sell a property like that? Pricing is very important, and by utilizing the Ted Thomas “buy low, sell low” strategy, you can sell quickly.
Imagine purchasing a tax defaulted property with an assessed value of $150,000 for 15 cents on the dollar ($22,500) and then offering it for sale for 50 cents on the dollar ($75,000). Wouldn’t a price like that generate a lot of interest from bargain hunters, fixer upper people and property flippers? A price like that is likely to generate a quick sale and a profit for you of $52,500!
A few deals like that a year, and you’re on your way to financial independence.
You may ask, “But aren’t you leaving a lot of money on the table?” Well, you’re still making a lot of money by utilizing this strategy, and you’re making in fast.
You can avoid holding costs and the headache of struggling to find buyers if you sell the property for an irresistibly low price. Plus, there are thousands upon thousands of tax defaulted properties sold at auction all across the USA; there are plenty more where that one came from, so you can lather, rinse, repeat and repeat the process. Buy it low, sell it low, move on to the next property, and keep doing that.
Now that you know an effective way to price your tax defaulted properties, let’s talk about how to market them.
Effective Advertising Strategies to Sell Tax Delinquent Property
We can’t stress enough the significance of marketing in order to successfully sell tax defaulted properties. It’s crucial to utilize active media, place signs in strategic locations, and network to attract potential buyers.
Marketing plays a pivotal role in getting the word out about your property and reaching a wider audience. Utilizing platforms such as Zillow, Trulia, the Multiple Listing Service (MLS), Craigslist, eBay and Facebook Marketplace can help you maximize your property’s exposure.
Additionally, placing signs on the lawn and throughout the neighborhood can catch the attention of passersby. Working with real estate clubs can also provide you with additional exposure and networking opportunities.
By implementing these marketing strategies, you can increase your chances of finding interested buyers and selling your tax defaulted properties successfully.
Finding Tax Lien and Tax Deed Property Auctions
With thousands and thousands of tax defaulted properties available in over 3,000 counties across the US, there is an abundance of opportunities for you to take advantage of.
Whether you are looking for properties in small population counties with dozens of options or in large population counties with hundreds or even thousands of properties, the tax delinquent real estate market is thriving.
You can find tax defaulted auctions and lists of tax delinquent properties for sale on county websites and also advertised in local newspapers.
Or if you’d like the auctions and property lists available to you under one roof, the Ted Thomas Interactive Map and Auction Calendar provides you with all of that information in one convenient location so that you can stay informed about daily auctions and find the perfect properties to add to your portfolio.
Don’t miss out on this chance to tap into the powerful profit potential of tax defaulted real estate.
Frequently Asked Questions
How can marketing impact the sale of tax defaulted properties?
Marketing plays a crucial role in selling tax defaulted properties. It helps attract potential buyers through active media and platforms like Zillow and MLS. Effective signage, advertising strategies, and understanding the market are essential for successful sales.
What are some effective advertising strategies for selling tax defaulted properties?
To effectively advertise tax defaulted properties, place signs on the lawn and in the neighborhood, utilize real estate clubs and consider billboards and mailers. Massive media exposure is crucial for selling these properties at profitable prices.
Are there any specific challenges in selling tax defaulted properties that need to be addressed?
Yes, these challenges include the need for massive media exposure, taking advantage of the difference between tax assessed value and purchase price, and the effort of getting the property sold.
How can active media be utilized to attract buyers for tax defaulted properties?
To attract buyers for tax defaulted properties, you can utilize active media by listing them on popular real estate websites like Zillow and Trulia, advertising through social media platforms, and creating eye-catching signage in the neighborhood.
How many tax defaulted properties are typically available for auction in small and large population counties?
In small population counties, there are typically dozens of tax defaulted properties available for auction. In large population counties, there can be hundreds or even thousands of properties up for auction.
Conclusion
In conclusion, marketing is the key to successfully selling tax defaulted properties. By utilizing effective advertising strategies and platforms such as Zillow, Trulia, MLS, Craigslist, and eBay, you can reach a wide range of potential buyers.
Additionally, implementing signage and advertising tactics like lawn signs, working with real estate clubs, and considering options like billboards and mailers can help increase exposure.
Remember to understand the neighborhood, location, and pricing to maximize your profits. With the power of marketing on your side, you can attract buyers and sell tax defaulted properties with ease.
If you’d like to know more about tax defaulted real estate investing, Ted Thomas provides full support and complete training with home study courses, Q&A webinars, live tutorials, workshops, web classes, personal coaching with certified coaches, and an interactive map and auction calendar research tool that allows you to visit each county online to find the details about upcoming auctions. Start your money-making journey by attending Ted’s 7-Hour foundational training.
Want to earn massive income from bargain real estate investing? Would you like to buy mortgage-free properties for pennies on the dollar? Or earn double-digit interest rates secured by real estate? Then get started today with this Free Gift.
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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