Motleys is helping to auction off a whole host of tax delinquent properties for the City of Richmond on Wednesday. You can visit their site HERE for more information.
If you’re looking for an opportunity for an investment you can often-times pick up these tax sales for cheap. There’s even online bidding!
For more information on these properties or any property inside the City of Richmond, you can visit the Tax Assessor’s Website to do a property search. This great resource will allow you to pull registered plans, see the tax assessment, ownership history, etc.
8 comments
The ones that will be snapped up for cash by investors will probably be flipped and will not be affordable for most of the first time homebuyers and low and moderate income purchasers.
You’re absolutely right.
I saw but I ain’t got cash like that
Why are these comments so odd and people just naming other people? What is going on???
Is this a weird Facebook thing?
Haha yes! They were auto-approving. Just cleaned it up. Thanks for the heads up!
Buried within that is the sports complex. I’ll expect to be reading about it if anyone actually buys. Huge multi-million waste of effort.
I’d be interested in a pre/post list, so we can see who paid last minute and avoided loss without serious financial penalty. The city seems to play softball all too often with property. There’s a large number of properties included, so I’m hopeful they will all actually be sold and moved to hands that want to work on them.
To the naysayers who are already objecting to post-renovation sales price, these properties are rot and drag down their neighborhoods when owners can’t maintain them. Keep up your property and you will benefit overall. I understand first time buyer challenges but there’s tons of neglected properties to go around.
Ever notice how the city will trade out some to not for profits for $2,500?