Tax Deed Auction Methods

When you go to a tax deed auction, bidding would be conducted in three ways: live auction, absentee bidding, and hybrid. Each method is explained below:

Live Auction
You need to be present at a live auction and register in order to bid. When you attend a live auction, you’ll be able to have conversations with other bidders which may lead to good connections in the coming days. You also get to observe the prices other bidders are paying as well as their strategies.

Absentee Bidding
You submit your bids ahead of time with absentee bidding. The county works to get the property for the lowest amount possible, up to your maximum bid amount. You can submit your bids through the internet or email. The benefit you get from absentee bidding is that you need not to be around during the auction. Furthermore, you can submit your bids at your convenient time and the county does the works.

Hybrid Bidding
Live and absentee are joined together in hybrid bidding. You are given the opportunity to either attend the live auction or bid online, which also takes place simultaneously.

These three methods would give the profits you seek regardless on which one you’re going to choose. The crucial thing is that you must have proper research and due diligence before investing.

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