Norfolk’s Quiet Investment Opportunity: Tax Deed Sales Explained Simply

Looking for a chance to buy real estate below market value? Norfolk County, Virginia holds tax deed sales where properties with unpaid taxes are sold at auction. These properties can offer great returns, but understanding the process is key.

Here’s a full breakdown to help you make an informed decision before placing a bid.

What’s the Deal with Virginia’s Tax Sales?

Virginia is a tax deed state. That means when property owners don’t pay their property taxes, the local government can sell the property at auction to recover the money owed. If you win the bid, you get the deed — and full ownership (once the court approves the sale).

In Norfolk, these sales are managed through court orders, and buyers receive a Special Warranty Deed after the sale is confirmed by the court.

Important Norfolk County Tax Deed Sale Info

Here’s a quick summary table with the essential details you need:

Detail	Information
Tax Sale Type	Tax Deed
Typical Sale Date	Varies – check Virginia Auction Company for current listings
Redemption Period	None – properties are sold outright
Interest Rate	Not applicable (because it’s not a lien sale)
Bid Procedure	Premium bid – highest bidder wins
Deposit Requirement	20% of winning bid (cashier’s/certified check); full payment required if bid is $3,000 or less
Court Confirmation Required	Yes
Payment Deadline	10 days from sale (unless under $3,000, which is due immediately)
Auction Platform	Virginia Auction Company
County Website	Norfolk County
Treasurer’s Office	Norfolk Treasurer’s Website

Sale Contact Attorneys:

• F. Sullivan Callahan, 327 Duke St., Norfolk, VA – 757-623-5000
• Robert M. Reed, 555 Main St. 14th Floor, Norfolk, VA – 757-625-1214

Why Norfolk County Is Worth a Look

Norfolk is one of the oldest cities in the Hampton Roads area and serves as the region’s cultural and economic hub. It’s home to the world’s largest naval base and the North American headquarters of NATO. In recent years, it’s shifted from being seen only as a Navy town to a place full of energy, art, and growth.

The city offers:

• Over 144 miles of shoreline, including 7 miles of public beach
• A growing restaurant and arts scene, especially downtown
• Attractions like the Chrysler Museum of Art, Norfolk Botanical Garden, and Town Point Park

With a population of about 244,000 and 66 square miles of land, Norfolk combines history, modern appeal, and waterfront charm. These features make it attractive not just to residents — but also to investors looking to get in on real estate deals.

What Makes Virginia Tax Deed Investments Attractive?

High Returns with Low Risk

Buying tax-deeded properties in Virginia, especially in Norfolk, can lead to high returns. These are actual property purchases — not just liens. Once the sale is confirmed by the court, ownership is yours.

The Auction Process

• Online auctions through Virginia Auction Company
• Premium bid format: highest bidder wins
• Must sign your purchase agreement within 30 minutes of winning
• Court confirmation is required
• Bidders are notified by email if outbid
• Auto-extend bidding is enabled to keep things fair

No Redemption Period

In Norfolk, there is no redemption period — meaning former owners don’t have time to “buy back” the property after it sells.

Open to All Investors

Whether you’re a local buyer or an out-of-state or international investor, you’re welcome to bid. These are open auctions, and participation isn’t limited.

Steps to Buy a Tax-Deeded Property in Norfolk County

1. Find Properties: Go to the auction website.
2. Research: Read the details and visit properties if possible.
3. Register to Bid: Sign up on the auction site.
4. Bid: Place your bid and monitor it.
5. Win the Auction: If you win, pay 20% down right away (or the full price if under $3,000).
6. Court Confirmation: Wait for court approval before the deed is finalized.
7. Take Ownership: After confirmation, the Special Commissioner will transfer the property to you.

Why You Should Always Do Your Homework

Buying properties “as is” can come with surprises. Always do due diligence:

• Inspect the property if you can
• Check for any legal issues or existing tenants
• Look at maps, zoning, and building restrictions
• Estimate costs for repairs, clean-up, or securing the place

Skipping this step could lead to unexpected costs or legal headaches.

Buying Over-the-Counter (OTC) Properties

If a property doesn’t sell at auction, it may become available over the counter. These OTC purchases can be a good way to get real estate without competition.

Benefits include:

• No bidding wars
• Fixed prices
• Simple process — just check with the city or county to see what’s available

Norfolk’s Economic and Real Estate Outlook

Norfolk’s economy is strong, supported by:

• Military and defense spending
• Tourism
• Healthcare and shipping
• Technology and education

Property prices have remained steady, and the city continues to attract new development. For investors, this means steady demand and opportunities for resale or rental income.

FAQs About Tax Deed Sales in Norfolk County

Q: Can anyone buy at these auctions?
Yes, the auctions are open to everyone, including out-of-state and international buyers.

Q: Do I get the property right after winning?
Not immediately. The court needs to confirm the sale first.

Q: What if I don’t pay in time?
You could lose your deposit and be banned from future auctions.

Q: Are there unpaid liens on the properties?
No. Properties are sold free and clear of liens and encumbrances.

Q: Can I see the property before bidding?
You can try to inspect from the street, but most are sold without guaranteed access.

Pro Tips for Norfolk Tax Deed Investing

• Always read the full auction terms before bidding
• Use the max bid feature to automate your bidding strategy
• Check court records for each property
• Don’t skip the paperwork — contracts must be signed quickly after the auction

Useful Links

• Norfolk County Tax Sale FAQs
• Virginia Auction Company – Norfolk Listings
• Norfolk County Website
• Treasurer’s Office
• Delinquent Tax Properties Data
• 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! 

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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