Preparing For Your First Delinquent Tax Sale

Participating in your first delinquent tax sale can seem extremely intimidating

. That's because you are dealing with a situation where a good deal of money is involved. So, it's understandable if you have certain fears and hesitations. With that being said, you should not allow these feelings to overcome you and prevent you from participating in the event. There are several things you can do to help ease and get rid of these fears. This will allow you to be bold, courageous, and prepared when you go into your first delinquent tax sale.

One of the first things you should do is conduct some extensive research. You can search online articles, books, or anything you can find that tells you about the process of this particular event. You might even be able to find online forums or blogs written by people who have actually taken part in a delinquent tax sale. They will be able to provide you with their own personal accounts as well as give you valuable tips and advice.

After you have done your research, the next thing you should do is attend an actual sale without the intention of purchasing anything. Your main goal at this point should be to observe and collect as much information as possible. Try to look at the way things operate. You should also take the information you learned from your prior research and compare it with things you see at the actual event.

For instance, if a blogger said that most people wear blue jeans and you notice that most people are in tuxedos, you might want to reconsider that piece of information. That's because it's obviously not always true. Of course, this example may be a little far-fetched. However, it just shows how one person's experience may not be a true representation of all sales.

Along with the aforementioned examples, the next thing that you should do is remember that it's okay to make mistakes. You can do as much research as you want and you can attend as many sales as you want for observation purposes, but this doesn't mean that you always get things right.

So, go into your first delinquent tax sale, knowing that it's okay if you make a mistake. What you must realize is that it's a learning process and you won't master it overnight. The best thing you can do is prepare yourself as much is possible, because that way you won't be able to say you didn't do your best.

by: Anders Abadie

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