Many people buy tax lien certificates at local county auctions. More than half of the states offer these properties at the annual county tax sale. Some places are much better to buy tax lien certificates because of better prices or services, or more real estate. Here are five good reasons you should consider buying property in Maricopa County, Arizona.
1. Great interest rate
Arizona tax certificates in Maricopa County can pay you an interest of up to 16% on your initial investment. This is 35% more than you can earn on a similar investment in South Carolina.
2. On counter sales
Nearly 20% of all properties for sale in the February auction are still unsold. The remaining properties are provided in the district offices immediately upon completion of the annual sale. You can check these properties at any time and purchase without competitive bidding, ie "over-the-counter". There are many wonderful properties left to buy, and due to lack of competition, any purchased certificate will bear the maximum allowed by law, which currently stands at 16%.
3. Anyone can buy tax liens in Maricopa County
Yes anyone in fact, nearly 20% of tax liens are sold to investors living outside the United States.
4. You do not need to travel to Maricopa County to buy Lien Real Estate
With modern technology, it is now possible to do all your research by computer. You can get satellite images of the property, study the deeds online, and view the tax card on your computer. Maricopa County will allow you to send a check or purchase electronically online or by phone when you contact the Maricopa County Office.
5. Real estate listings of all available tax delinquent properties available months before the sale
Maricopa County provides a list of all overdue tax characteristics on 20,000 on a tablet, for about $ 40. This list is available near the first of November for the February auction, so you can start to take due diligence months before the auction, or at your leisure if you buy on the counter properties.
As you can see, there are many advantages to buying a tax property in Maricopa County, Arizona. You are unlikely to find another place to buy tax lien certificates online, by mail, through live auctions, and available for sale to people living outside the United States. When you add the fact that you can get a list of properties available for sale before the auction and earn 16% of this investment, you'll discover that Maricopa County is the best place to buy tax lien certificates.