How Norfolk City Conducts Tax Sales: A Simple Guide

Introduction

Norfolk, Virginia, sells tax-delinquent properties through simulcast auctions to recover unpaid taxes. These auctions give buyers a chance to invest in real estate at competitive prices. Unlike traditional property sales, tax auctions follow strict legal procedures.

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

How the Process Works

Norfolk 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 timed simulcast auction with online and in-person bidding.
3. Public Notice – Local media and the county website publish official auction notices at least four weeks before the sale.
4. Auction Day – Bidders compete online or in person, and the highest bidder wins.

How to Register and Bid

Registering for the Auction

• Sign up online before the auction begins.
• Provide personal information 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 features like maximum bid settings and auto-bidding for better control.
• The platform may extend bidding time in the final minutes to allow fair competition.

Payment and Completion

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

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

If you fail to pay on time, you forfeit your deposit and may be barred from future auctions.

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 Norfolk GIS data and tax records to check ownership history and liens.

Verify Property Information

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

Additional Auction Details

• The auction takes place at a designated government facility, such as the County Board Room at 2100 Clarendon Blvd.
• Online and in-person bidding happen simultaneously.
• Financing is your responsibility—get loan approval in advance, as the auction sale does not depend on financing.

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! 

Norfolk City runs simulcast tax auctions to sell tax-delinquent properties. Buyers must register, 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 guidance, book a call with an expert or browse our free resources for valuable investment tips

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