How Virginia Beach Conducts Tax Sales: A Simple Guide

Introduction

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

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

How the Process Works

Virginia Beach follows a clear process for tax sales:

1. Identifying Delinquent Properties – The city reviews unpaid real estate taxes and selects properties for auction.
2. Auction Preparation – A dedicated team evaluates each case and prepares properties for sale.
3. Auction Setup – The city conducts an online tax auction, sometimes with in-person bidding options.
4. Bidding Begins – Buyers place bids during a set period using an auto-extend bidding system that prevents last-minute sniping.

How to Register and Bid

Registering for the Auction

• Sign up online before the auction begins.
• Provide basic information and proof of funds during registration.
• Wait for approval to access the bidding platform.

Bidding in the Auction

• Place bids actively during the auction window.
• The system updates bids in real time and alerts you if someone outbids you.
• Contact auction support immediately if you face technical issues.

Payment and Completion

Winning bidders must complete payments quickly to finalize their purchase.

• Deposit Requirement – Pay 20% of the winning bid (or the minimum required) immediately after the auction ends.
• Buyer’s Premium – An additional 10% of the winning bid applies.
• Final Payment – The remaining balance must be paid within 10 days of the auction closing.
• Follow all payment rules carefully to avoid losing your winning bid.

Due Diligence and Property Condition

Before bidding, research the property and assess its condition.

Inspect the Property

• All properties sell “as-is, where-is, and if-is.”
• Conduct an inspection if possible.
• Review public records and zoning laws to check for potential issues.

Research the Property

• Use Virginia Beach County resources and online data to find property details.
• Contact the Virginia Beach City Treasurer’s Office if you need more information.

Additional Auction Details

• If someone places a bid in the final minutes, the auto-extend feature increases the bidding time to allow fair competition.
• Bidders receive clear auction rules and deadlines before the sale starts.
• If you have questions during the auction, contact the designated support team listed on the auction website.

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! 

Virginia Beach uses an online auction system to sell tax-delinquent properties. Buyers must register online, actively bid during the auction, and complete payments on time. Since properties sell as-is, conducting thorough research before bidding is essential.

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

Call to Action

Don’t miss your chance to invest in a tax-sale property. Visit our auction calendar today and explore available listings. If you need assistance, book a call with an expert or check out our free resources for valuable investment tips.

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