If you win, you must usually pay the full balance very quickly—often within 48 to 72 hours. 3. The "Redemption Period" Catch
Even after you "win," the original owner often has a legal right of redemption . This is a window (months to years) where they can pay back the taxes plus interest to get their house back. If they pay, you get your money back plus interest.
Buying a tax sale property is a "high-risk, high-reward" investment where a government body auctions off real estate because the owner has failed to pay property taxes. 1. Know the Two Main Types
The rules vary by county, but the standard flow usually looks like this:
You are either buying the property itself or the right to collect debt:
How To Buy Tax: Sale Properties
If you win, you must usually pay the full balance very quickly—often within 48 to 72 hours. 3. The "Redemption Period" Catch
Even after you "win," the original owner often has a legal right of redemption . This is a window (months to years) where they can pay back the taxes plus interest to get their house back. If they pay, you get your money back plus interest. how to buy tax sale properties
Buying a tax sale property is a "high-risk, high-reward" investment where a government body auctions off real estate because the owner has failed to pay property taxes. 1. Know the Two Main Types If you win, you must usually pay the
The rules vary by county, but the standard flow usually looks like this: This is a window (months to years) where
You are either buying the property itself or the right to collect debt: