Tax Deed Auction Bidding Techniques

Every tax deed auction has its own set of rules and procedures for bidding. Also, there are times when a professional auctioneer would control the pace of the bidding increments to have order. When this happens, you only have limited creative strategies and opportunities in your hands. However, you need to discover what works for you best and continue doing it. Here are some important tips that can help make a big difference on your next opportunity to attend an auction.

Ready your bid list

Things happen quickly during huge auctions. Be always prepared with your own list of properties to bid on. You could potentially lose your favorite property if you’re not organized. So, keep this in mind all the time.

Referencing properties

It is recommended for you to create a reference on each property with unique individual or group names and tracking numbers. Utilize various colors to highlight properties on the map that you have prepared in reference to tax deed states. You can also use this technique on the bid spreadsheets. Doing this avoids confusion and makes it easier to navigate.

Research in advance

It gives you that edge over the other competitors to research ahead of time. It is important to know your maximum bidding amount in order to spend your money wisely.

Be confident

Remember to be confident and speak loudly when bidding so that the auctioneer can hear you. Some of the tax deed auctions are held in large open spaces near public roads. Do this in order to catch everybody’s attention when the right situation calls for it.