Cut Costs on Property! 40-90% Savings – Davidson County – North Carolina Tax Deed Investing

Ever thought about owning property for a fraction of its market value? Davidson County, North Carolina, offers a fantastic opportunity through its tax foreclosure sales. Whether you’re a seasoned investor or just starting, these sales can be a goldmine for acquiring real estate at significant discounts. Stick around, and I’ll walk you through how it works and how you can get started.

Understanding Tax Foreclosure Sales

Tax foreclosure sales are public auctions where properties with unpaid property taxes are sold to the highest bidder. Unlike traditional real estate transactions, these sales often start at the amount of unpaid taxes, interest, and fees, which means you can potentially secure properties at 40-90% below market value.

Here’s a brief rundown:

• Tax Deed Sales: You purchase the property outright.
• Process: The county starts bidding on the total unpaid taxes, interest, and legal fees. The highest bidder must immediately deposit $750 or 5% of the bid amount.
• No Clear Title: Properties are sold “as-is,” meaning there are no guarantees on the property’s condition or the status of the title.

If you’re the highest bidder, you’ll enter a 10-day upset bid period where others can outbid you by at least 5% or $750. If no one outbids you, you complete your payment and claim your deed.

Steps to Start Tax Deed Investing

1. Research and Understand Local Laws
   
   Know the legal framework in Davidson County. Each county has specific regulations regarding tax deed sales.
2. Visit the Local Treasurer’s Website
   
   Check the Davidson County website regularly for updates on tax sale dates and procedures.
   
   Davidson County Tax Foreclosure Sale Information
3. Check the Auction Site
   
   Auctions are typically held at the Davidson County Courthouse, 110 West Center Street, Lexington, NC.
4. Read the Details About Tax Deeds
   
   Understand the sale schedule, parcel inquiry, and other essential details.
5. Contact the County Office
   
   For more information, you can reach out to the Davidson County Tax Assessor’s Office at 336-242-2160 or visit their website.

Important Details

Details	Information
Tax Sale Type	Tax Deed Sale
Typical Date of Sale	No specific date. Check the county website
Bid Procedure	Premium Bid
Deposit	$750 or 5% of the bid
Sale Contact	Tax Assessor
Auction Site	Davidson County Courthouse, 110 West Center Street, Lexington, NC
County Website	Davidson County, NC

Pro Tips

• Do Your Homework: Research properties before the auction.
• Inspect the Property: If possible, drive by the property to assess its condition.
• Understand the Risks: Be aware that you are purchasing the property “as is” without any warranties.

Interesting Facts About Davidson County’s Real Estate

• Tax Values: Property tax values in Davidson County vary, with recent tax assessments showing a broad range of properties available. For example, a former boarding house on West 5th Avenue in Lexington has a tax value of $26,372, and its current bid stands at $27,691​
• Foreclosure Listings: The county regularly updates foreclosure listings, including single-family homes and commercial properties. Make sure to check the listings often to find valuable properties​.
• Market Trends: Like many areas in North Carolina, Davidson County’s real estate market has been steadily growing, making it an attractive place for property investors looking for deals at auction.

FAQs

Q: What happens if someone outbids me during the upset bid period?

A: You will lose your initial bid, but the new bidder must increase the bid by at least 5% or $750 over your bid.

Q: Can I finance my bid?

A: No, Davidson County requires the deposit to be paid in cash, certified funds, or money orders only.

Q: What happens to existing liens on the property?

A: Some liens may be cleared upon the sale, but it’s essential to conduct thorough research to understand any remaining obligations.

Useful Links

• Davidson County Tax Assessor
• Current and Pending Foreclosures
• Davidson County Government
• How to Unlock Profits and Secure Real Estate Deals in North Carolina Tax Deeds
• Let’s talk about Tax Deeds and how you can profit from them!
• Discover Tax Deeds and how you can find property for as little as $50! 
• This is how you can get properties below market value in North Carolina!

Want to Learn More?

Check out more free resources or book a consultation to dive deeper into the process. By staying informed and following these steps, you can potentially secure valuable properties at a fraction of their market price. Happy investing!

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About Dustin Hahn

Dustin Hahn is a Tax Lien & Deed investor with over 22 years of experience and hundreds of deals under his belt. He created Tax Lien School.com to help you buy Tax Deeds up to 90% off mortgage free and earn up to 36% ROI with Tax Liens. This site was voted the “Most Useful Resource” for new investors. Dustin’s YouTube Channel is the #1 Channel on Tax Liens & Deeds with over 98,000 Subscribers and 3600 videos to help you start. “The Best Time To Start Real Estate Investing Was 20 Years Ago, The Second Best Time Is TODAY!”

20+yrs

5–10deals/mo

2009TLS founded