Real Estate

Among the many opportunities that can be found to purchase investment Real Estate under market value, Government auctions of seized property is one of best. Finding IRS Real Estate auctions has gotten a big boost from the advent of the Internet.When the Internal Revenue Service seizes property from a tax payer for non-payment of tax obligations, it sells this property through a public auction. The proceeds of the sale are applied to the tax debt. The Internal Revenue Service is not in the Real Estate business and they sell the property at auction using sealed bids in order to move it as quickly as possible. They are not concerned with the fair market value, but only with getting whatever they can get as quickly as they can get it.

This is bad news for the poor homeowner who has lost his property and most likely will not even have his tax debt reduced close to what it should have been. It is good news for a potential investor. The basic principle of Real Estate investing is buy low and sell high. The IRS Real Estate auction gives the investor the opportunity to do just this. The sealed bid method of sale requires some skill and a bit of luck. The bid amount must be carefully determined to attempt to be the highest without going over the good investment limit.How do you go about finding IRS Real Estate Auctions? The internet and the personal computer have made this process fairly simple. The Government has websites that list all auctions Nationwide. These sites give a great deal of information concerning the type of property including pictures and legal descriptions. The location is given so that personal inspections of the property are possible before a bid is submitted.The auction listing generally has a minimum bid amount. This gives you a good starting point for the establishment of your own bid amount. Any encumbrances on the property will be given as well as the methods and terms of payment. Of course, the time and date of the sale is given as well. There is also a contact person listed for further information regarding the property or the sale.The Internal Revenue is not the only Government agency that auctions seized property. These auctions represent a good potential source of investment property as prices far below market value. The computer and the websites have made finding them extremely easy and accessible to the investor. What is required is a bit of savvy at determining the best price to bid and a bit of luck. The good thing is that there is not a lot of trouble or expense involved in the bidding process, so you have much to gain and very little to lose in the process.