Harry Connor Jr

Tax Deed Tips - Shop Around



Posted: Saturday, January 02, 2010

by
TaxDeedTreasures.com

Tax Deed sales are an interesting topic for investors and prospective owners of low-cost properties. While 90% of the properties offered will be mainly land -- raw and developed lots, including acreage and  agricultural lots, some properties that fall under the auctioneer's hammer will be residential homes and condos.

One of the best ways to find that great property is to go against the flow, so to speak, and prospect for a property outside of your local county. Usually when you begin to prospect for a potential purchase of a tax deed defaulted property, your research is localized. The majority of investors look within their own county as it is convenient and saves traveling time.

If you live in a large populated county, it stands to reason that you will have a larger number of competitors hoping to win the deed as the highest bidder during the tax deed auction. You could spend hours researching, performing due diligence, and viewing your perspective properties, only to find that on auction day, the competition drives the bids to high. This can be a turnoff as you really want to walkaway as an owner.

The best way to avoid this kind of disappointment is to research smaller outside counties. Most of the legwork can be done from the comfort of your computer chair as you surf the correct county websites.

Using Google Earth will give you a bird's eye view and sometimes a great street view. This way you can easily decide if you want to take a 'live view' drive or not.

Why make two trips? You don't have to! Get up early and view your out of county selection before the auction -- on the day!

This does three things. First, you have performed your final due diligence by viewing the property yourself. Secondly, it keeps your primary selections fresh in your mind.  And last, but certainly not least, if you have to decide on which is most important to own, and ultimately bid the highest on, your impression will be fresh, and your decision more sound.

Harry Connor, Jr. watches and blogs on trends in foreclosures and Tax Sales, and publishes quick-start guides for self-starting investors who desire to own U.S. property. The guides are designed to teach both the average entrepreneur and budding real estate investor, without large amounts of capital, how to make a new start and succeed in the Tax Sales property market. http://taxdeedtreasures.com/

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