It’s that time of year again. Each June, the Tulsa County Treasurer auctions properties that are seriously delinquent with unpaid property taxes. That’s right, if you don’t pay your property taxes, eventually the county will sell your house to the highest bidder.
Buying tax auction properties is an excellent way to obtain property(ies). You get an unbeatable price, the tax burden is resolved, and then you go from there. I’ll recommend you involve the services of an attorney to clear title and, if necessary, evict anyone in the property (or sign them up for a lease agreement). If you’re looking to sell your newly acquired asset, contact me!
How do I buy properties at the Tulsa County Tax Auction?
Here are some helpful resources to get you on your way to snagging a real estate deal this June:
Visit the Tulsa County Treasurer’s website and click the “June Real Estate Auction” link (screen shot below).
Review all of the “June Real Estate Auction” information to make sure you’re informed of this year’s policies, requirements, and sale location.
You’ll also see the link to the list of resale properties and the properties that have been removed from that list (updated each Monday).
Because the County’s list is in PDF format and isn’t very manageable, it can be difficult to get excited about this tax sale — where is it, what does it look like, what’s it really worth, is it in a good area, and other important questions are far from answered.
A new service called GavelHound answers all of these questions for you. It’s a great service, invaluable for those actively looking to capitalize on the Tax Auction Sale opportunity. I know the creator and have provided feedback on information sources to utilize and how to present information. It’s been in development since 2011′s Tax Auction Sale and has been working well for the weekly Sheriff Auction sales, so we know it works well.
With GavelHound, you can…
- Always have an updated list of properties that are actually available (removes the ones from that 2nd PDF list)
- Sort and Filter information like minimum bid amount (i.e. price), property type (e.g. house, duplex, etc.), and other data fields
- Save and Search your favorite property search criterion
- Make notes on each property (There are a lot of properties and keeping your notes organized is a big plus.)
- View the Tulsa County Assessor’s photos (from the most recent field appraisal)
- And more!
I’d highly recommend signing up for GavelHound if you’re considering purchasing one or more properties. It’ll help make your property searching more accurate, manageable, and thus help you focus on real possibilities and make better bidding decisions.
And once you’ve got clear title and it’s ready to sell, I’ll be here to serve you as your local REALTOR®.
Tulsa Tax Auction Location, Date, and Time
Tulsa Convention Center
Conference Hall A
100 Civic Center
Tulsa, OK 74103
9:00 a.m. to 4:00 p.m.
The first day of the resale will be Monday, June 11, 2012. State law requires the resale be recessed at 4:00 p.m. and reconvened the following day. The resale will continue day to day until all properties are auctioned. A lunch break is scheduled from 12:00 p.m. thru 1:00 p.m.