subject: Seized Government Land Auction: 7 Things You Need To Know [print this page] One of the many ways to purchase property at a prime cost is through federal government land auctions. Websites concerning land or property auctions are extensive. Check out websites that offer searching and registering for free. There are government websites recommended by advertisers and these sites will provide discounted land for sale at auction prices. Below retail price means that lands may be well below the market price.
Government land auctions may include lands seized for tax purposes, unclaimed land purchases, illegal filing and titling, and previous real estate auctions "gone wrong." Diversify your investment portfolio in real estate at a substantial savings, and sell at higher rates even in a depressed economy.
*Look for government lands for sale by browsing through listings using search words such as government seized lands, land auctions, government land auctions and state land auctions. These websites will provide you with land that was purchased for pennies on the dollar by the government and land that needs to be sold. Your advantage: an immediate return on investment is possible.
*When illegal property ownership has been exposed, the land will be seized. This land is required by law to be sold to the public on an auction basis. Look for listings on this property. Quite often this land is prime property and ready to be used for building purposes.
*One of the benefits buying through government auction websites for land is a 30% to 60% savings on land prices. There may also be no qualifying and no credit check financing available on some seized lands. Government auctions will provide free and clear titles to purchased properties.
*There will be closing costs and these costs may be as low as $199 per property. Do research on websites to see who offers the lowest closing fees. Find a website that will prepare all the necessary paperwork. An easy, proper and worry free transaction is of tremendous worth.
*Government auctions take all forms of payment. You may use Visa, MasterCard, American Express, cash, and cashiers' checks to purchase auctioned property.
*Do your homework before going to government land auctions. You will find that there will be minimum bids, but these may be low. As an example, an investor purchased prime wooded land in North Carolina at $2000 an acre. This land was seized through tax liens and proved to be very valuable to the investor.
*Government land auctions are open to citizens 18 years and older.
