How Hampton City Conducts Tax Sales: A Simple Guide

Introduction

Hampton, Virginia, holds tax sales to recover unpaid property taxes by auctioning tax-delinquent properties. These auctions give buyers a chance to invest in real estate at competitive prices. Unlike traditional sales, tax auctions follow a structured legal process.

Auction dates change, so always check the Auction Calendar for scheduled auctions.

How the Process Works

Hampton City follows a step-by-step process for tax sales:

1. Identifying Properties – Officials review tax records and select properties with unpaid taxes.
2. Auction Preparation – A team organizes a public auction that supports both online and in-person bidding.
3. Public Notice – The city website and local media publish auction notices at least 30 days before the sale.
4. Auction Day – Buyers place bids, and the highest bidder wins the property.

How to Register and Bid

Registering for the Auction

• Sign up online before the auction starts.
• Provide personal details and proof of funds during registration.
• Get approved and receive detailed bidding instructions.

Bidding in the Auction

• Place bids actively during the auction.
• Monitor real-time bid updates and receive alerts if someone outbids you.
• Use maximum bid settings and auto-bidding features to manage your bidding strategy.

Pre-Auction Preparation

• Review detailed property listings, maps, and available inspection reports posted online.
• Use Hampton GIS data and tax administration websites to research property details.
• Contact city officials to ask about property history, zoning, or restrictions.

Auction Day Procedures

• The auction runs on a timed online platform with a live simulcast option for in-person bidders.
• Bidders receive real-time updates and push notifications if they get outbid.
• Adjust your maximum bid as needed to stay competitive.

Payment and Completion

Winning bidders must complete payments on time to secure their purchase.

• Deposit Requirement – Pay 10% or 25% of the winning bid immediately after the auction.
• Buyer’s Premium – An additional fixed percentage applies to the final bid amount.
• Final Payment – Pay the remaining balance within the deadline using certified funds, cashier’s check, money order, or wire transfer. Cash and personal checks are not accepted.

If you miss a deadline, you lose your deposit and may be barred from future auctions.

Court Confirmation and Property Transfer

• Court Approval – The Circuit Court must confirm the sale before the property transfers.
• Property Deed – Once confirmed, the property transfers to you via a Special Warranty Deed. This removes tax liens but does not erase easements or property restrictions.

Due Diligence and Property Inspection

Before bidding, research the property carefully.

Inspect the Property

• All properties sell “as-is, where-is, and if-is.”
• Conduct an inspection if possible.
• Use Hampton City GIS data and tax records to check ownership history and liens.

Verify Property Information

• Contact city officials to confirm auction details.
• Make sure the property fits your investment goals.

Additional Auction Details

• Pre-bidding Period – Some auctions allow early bidding. Use this time to review properties and place initial bids.
• Financing Responsibility – Buyers must arrange their own financing, as the auction sale does not depend on loan approval.
• Strict Deadlines – Missing a deposit or final payment deadline may result in losing your deposit and future bidding rights.

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! 

Hampton City runs public tax auctions to sell tax-delinquent properties. Buyers must register online, actively bid, and complete payments on time. Since all properties sell as-is, thorough research before bidding is essential.

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 guidance, book a call a call with an expert or browse our free resources for valuable investment tips.

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