Hidden Real Estate Opportunities in Virginia Beach: The Power of Tax Deed Auctions

If you’re looking for a smart way to get into real estate investing, Virginia Beach County’s tax deed sales could be your entry point. With the right preparation, you can purchase real estate without taking on previous owners’ debt. The auctions in this area offer a chance to buy properties free and clear of liens or encumbrances.

Here’s everything you need to know before getting started.

Brief Overview of Tax Deed Investing in Virginia

In Virginia, tax deed sales are handled at the county level, and they allow investors to purchase full ownership of properties that have unpaid property taxes. Unlike tax liens, where you earn interest while the property owner tries to redeem the property, tax deed sales give you the title to the property itself, pending court confirmation.

Virginia Beach County follows this tax deed system, offering public auctions with strict but clear rules.

Important Details – Virginia Beach County Tax Deed Sale

Here’s a quick look at the key information you need:

Detail	Information
Tax Sale Type	Tax Deed Sale
Typical Sale Date	Varies – check the Virginia Beach Auction Site
Redemption Period	None – properties are sold with no right of redemption
Interest Rate	Not applicable – you’re buying the deed, not a lien
Bid Procedure	Premium Bid – Highest bidder wins
Deposit Required	20% of bid amount, plus 10% buyer’s premium due immediately after the auction
Final Payment Due	Within 10 days, in certified funds
Court Confirmation	Required (usually takes 30–60 days)
Sale Website	Virginia Beach Auction Site
Treasurer Info	Virginia Beach Treasurer
Tax Info & Collections	Real Estate Tax Page
County Website	Virginia Beach Official Site

Why Virginia Beach Is Great for Tax Deed Investors

Virginia Beach is one of the more active areas for property sales in Virginia. It has a strong real estate market and a reliable auction process. You’ll find both residential and commercial opportunities here.

The county offers:

• Clean title after court approval
• No redemption period, which means faster ownership
• Competitive but manageable auction environment
• Opportunities for value appreciation

Fun Facts About Virginia

• Virginia Beach is the most populated city in Virginia, with over 450,000 residents
• Property taxes in Virginia are among the lowest in the country, making real estate ownership more affordable
• Virginia was one of the original 13 colonies and has one of the oldest systems of land and property management in the U.S.
• The Virginia General Assembly dates back to 1619, making it the oldest law-making body in the U.S

Attractions and Economic Highlights

Popular Attractions

Virginia Beach has everything from sandy beaches and oceanfront boardwalks to parks, lighthouses, and family-friendly museums. You’ll also find lots of historical landmarks throughout the area.

Transportation Infrastructure

Virginia Beach is well connected by roads and highways, with Interstate 264 leading directly to downtown Norfolk. The Norfolk International Airport is nearby, making travel easy.

Economic Development

The local economy is driven by military bases, tourism, healthcare, and technology. Defense-related jobs are a major contributor, but there’s growing opportunity in other industries too.

Community Appeal

You’ll find something for everyone — whether it’s outdoor activities like boating, fishing, and hiking, or arts and culture like theaters, music, and food festivals. The area is known for being family-friendly and full of local events year-round.

What Makes Virginia Tax Deed Certificates a Smart Investment?

High Returns with Low Risk

Buying tax deed properties gives you the potential for strong returns by either reselling or renting the property. Since the purchase prices are often below market value, you can gain equity quickly.

Auction Process for Virginia Beach

Here’s how the auction works:

1. View available properties on the auction site
2. Register and place your bid during the live auction
3. If you win, pay 20% right away, plus a 10% buyer’s premium
4. Pay the remaining balance within 10 days
5. Wait for court confirmation (usually 30–60 days)
6. Receive your deed after confirmation

Maximum Potential Returns

Some properties sell far below their market value. With home prices rising in Virginia Beach, there’s room to grow your investment through appreciation or rental income.

Open to All Investors

Both U.S. and international buyers can bid. Virginia Beach allows global participation, and many foreign investors are already active in the market.

Understanding the Virginia Tax Deed Sale Process

Step-by-Step Auction Process

1. Review listings and do your research
2. Register to bid online or in-person
3. Bid during the auction
4. Sign sale documents and pay your deposit if you win
5. Complete payment in 10 days
6. Wait for court approval
7. Take ownership and record your deed

Expected Returns

Returns vary based on the property, but most investors look to flip, hold, or rent. Properties purchased under market value offer room for equity gains and steady income.

Foreign Investor Participation

Foreign investors are welcome and often take part in Virginia’s tax sales. There are no special restrictions, which makes it easy to invest from anywhere.

Importance of Due Diligence in Virginia Tax Deed Investing

What Due Diligence Means

Before bidding, always:

• Visit the property (if possible)
• Check zoning rules and city code issues
• Run a basic title check
• Research the neighborhood and market trends

Risks of Skipping It

If you don’t do your homework, you could end up with:

• A property that needs major repairs
• Legal problems or boundary disputes
• Lots that can’t be developed or accessed easily

Buying Over-the-Counter (OTC) Deeds in Virginia

How to Buy OTC

If a property doesn’t sell at auction, it may be available directly from the Treasurer’s office. Check the Delinquent Collections Page to learn more.

Benefits of OTC Purchases

• No bidding competition
• Fixed prices
• More time for due diligence
• Good for first-time investors

Why Virginia is a Top Choice for Tax Deed Investors

Economic and Tax Benefits

Virginia’s economy is strong, and the tax structure is investor-friendly. Property taxes are relatively low, and there’s high demand for housing.

Real Estate Market Overview

The Virginia Beach market is active and growing. As of early 2024:

• Median home price: $371,000
• Average home value: $332,820
• Days on market: About 32 days
• Homes are receiving multiple offers, showing strong demand

Conclusion: Is Virginia Beach a Good Place to Invest?

Yes. If you’re serious about real estate investing, Virginia Beach’s tax deed auctions offer solid opportunities. There’s potential for great returns — especially if you take the time to research and prepare.

Pro Tips

• Always use certified funds for payments
• Don’t skip researching the property beforehand
• Be ready to pay quickly
• Have a real estate attorney review the title if possible
• Check property boundaries with the city planning department

FAQs

Can I participate in the auction online?
Yes. You can register and bid at Virginia Auction Company

Are properties sold with a clean title?
Yes, but only after court confirmation

Do I need to live in Virginia to buy?
No. Anyone, including out-of-state and international buyers, can participate

Is there a redemption period?
No. Once the court approves the sale, the deed is yours — no redemption period

Useful Links

• Virginia Beach Real Estate Tax Page
• Auction Registration & Listings
• Virginia Beach County Government
• Delinquent Collections
• Virginia Beach Real Estate Trends
• 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 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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About Dustin Hahn

Dustin Hahn is a Tax Lien & Deed investor with over 22 years of experience and hundreds of deals under his belt. He created Tax Lien School.com to help you buy Tax Deeds up to 90% off mortgage free and earn up to 36% ROI with Tax Liens. This site was voted the “Most Useful Resource” for new investors. Dustin’s YouTube Channel is the #1 Channel on Tax Liens & Deeds with over 98,000 Subscribers and 3600 videos to help you start. “The Best Time To Start Real Estate Investing Was 20 Years Ago, The Second Best Time Is TODAY!”

20+yrs

5–10deals/mo

2009TLS founded