How Chesterfield County Conducts Tax Sales: A Simple Guide

Introduction

Chesterfield County, Virginia, auctions off tax-delinquent properties to recover unpaid property taxes. These auctions give buyers a chance to invest in real estate at competitive prices. Unlike traditional property sales, tax sales follow specific legal procedures.

Auction dates are not fixed, so always check the Auction Calendar for scheduled auctions.

How the Process Works

Chesterfield County follows a structured process for tax sales:

1. Identifying Properties – The county selects properties with unpaid taxes.
2. Auction Preparation – A team reviews tax accounts and prepares listings.
3. Public Notice – Local newspapers and official county notices provide auction details at least four weeks in advance.
4. Auction Day – A public auction is held, and properties go to the highest bidder.

How to Register and Bid

Registering for the Auction

• Sign up online before the auction begins.
• Submit personal information and proof of funds during registration.
• Get approved and receive clear bidding instructions.

Bidding in the Auction

• Participate in person or online, depending on the auction format.
• Place bids in real time and monitor updates.
• Receive notifications if someone outbids you.

Payment and Completion

Winning bidders must complete payments quickly to secure their purchase.

• Deposit Requirement – Pay a set percentage of the winning bid or a minimum amount set by the auction rules.
• Buyer’s Premium – An additional fixed percentage applies to the final bid amount.
• Final Payment – Pay the full balance within the specified deadline to finalize the sale.

Late payments may result in penalties or loss of the property.

Due Diligence and Property Inspection

Before bidding, research the property thoroughly.

Inspect the Property

• All properties sell “as-is, where-is, and if-is.”
• Conduct your own inspection when possible.
• Use county records and GIS data to review tax history and property details.

Verify Property Information

• Contact county officials to confirm auction details.
• Ensure the property meets your investment goals.

Additional Auction Details

• Auction notices include property descriptions, payment deadlines, and bidding rules.
• The auction may allow both in-person and online participation.
• If a bid is placed in the final minutes, the auto-extend feature increases bidding time to ensure fairness.

Useful Links

• Learn How to Profit from Virginia Real Estate Auctions 
• 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! 

Chesterfield County holds public tax auctions to sell tax-delinquent properties. Buyers must register online, actively bid in real-time, and complete payments on time. Since all properties sell as-is, doing thorough research before bidding is crucial.

Stay updated on future sales—check the Auction Calendar for scheduled auctions.

Call to Action

Don’t miss out on a great investment opportunity. Visit our auction calendar today and explore available properties. If you need assistance, book a call with us or browse our free resources for valuable investment tips

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