Investing in Geauga County, Ohio Tax Sales

Geauga County, Ohio, offers a unique opportunity for real estate investors through its tax deed sales. These sales provide a chance to acquire properties below market value, making them an attractive option for both seasoned and new investors. Let’s explore what makes the County special and how you can get started with tax deed investing in this area.

Understanding Tax Deed Sales in Geauga County

In Geauga County, tax deed sales are held to recover unpaid property taxes. Unlike tax lien certificates, which are common in other areas, the County directly sells the properties. This means that investors can purchase full ownership of a property, usually at a significantly reduced price compared to the market value.

Here’s a breakdown of the process:

• Tax Deed Sales: Geauga County conducts these sales in person at the courthouse, selling properties to the highest bidder. Buyers must pay 10% of the purchase price as a down payment using cash or a certified check.
• Auction Details: They hold sales mostly on Thursdays at 10:00 a.m. For exact dates and available properties, visit the Geauga County Sheriff’s Sale page.
• “As-Is” Sales: Properties are sold “as-is,” meaning no warranties are given regarding the condition of the property.

Important Details and Links

Here’s a quick reference table with essential details and links for Geauga County tax sales:

Detail	Information
Tax Sale Type	Tax Deed Sale
Typical Sale Date	Thursdays or scheduled dates
Bid Procedure	Premium Bid
Deposit	10% of purchase price
Sale Location	Geauga County Courthouse, Chardon, OH
Contact	Geauga County Sheriff’s Office, (440) 279-2009
Auction Site	Geauga County Sheriff’s Sale Auction
County Website	Geauga County, Ohio

Steps to Start Investing in Geauga County Tax Deed Sales

Research Local Laws: Understand the legal framework for tax deed sales in Ohio. Each county might have specific rules, so it’s crucial to know what applies in Geauga County.

Visit the Local Treasurer’s Website: Check out the County Sheriff’s Office for information on upcoming sales, rules, and property lists.

Check the Auction Site: Visit the County Auction Site to register for online auctions and review available properties.

Read the Details: Familiarize yourself with the sale schedule, property conditions, and other essential details. This will help you make informed decisions during the auction.

Contact the County Office: For any specific questions or additional information, contact the County Sheriff’s Office at (440) 279-2009.

Interesting Facts About Geauga County

The County offers a family-friendly environment and a rich history. As part of the Cleveland Metropolitan Area, Forbes Magazine ranked it one of the best places in the U.S. to raise a family in 2008. The county has a significant Amish population, adding to its unique cultural landscape.

Frequently Asked Questions

1. What is the difference between a tax lien and a tax deed sale?
   • Investors buy the lien on the property in a tax lien sale and earn interest until the owner pays off the lien. In a tax deed sale, investors buy the property itself.
2. Can I inspect properties before the auction?
   • Properties are sold “as-is,” so personal inspections may be limited. It’s crucial to conduct thorough research using available resources online.
3. What happens if no one bids on a property?
   • The county may offer unsold properties at subsequent sales or make them available for direct purchase.

Need a Hand?

If you need assistance or guidance with tax deed investing in Geauga County, feel free to reach out for a consultation. We’re here to help you navigate the process and make informed investment decisions. Book a call now!

Sign up or log in to view the full content.