How to Get a Catalogue for Property Auctions

Auction catalogues list a wide variety of property available at public auction.

A wide variety of real estate including houses, land, commercial property, farms, ranches and businesses is sold by public auction. Government agencies often dispose of property by live or online auctions. Sellers choose to sell real estate by auction because the property is sold on a specific day and the price is determined by open bid. Catalogues are available for many properties offered at auction. The catalogues list detail real estate information and are usually available about six weeks prior to the auction. Sometimes there is a charge for auction catalogues.

Instructions

1. Search advertisements in local and regional newspapers for property auctions. Listen to radio and television ads in the desired area. Call the phone number listed in the advertisement to request a catalogue. Log on to the auction website to find online catalogues and information.

2. Drive through the area of interest and read the signs posted on property offered for sale by auction. Often auction companies post small signs in front of houses and other property several weeks prior to an auction. The signs will list a contact phone number or internet site to obtain catalogues and more information from.

3. Contact the county treasurer or tax collector to obtain tax deed or tax lien sale catalogues. When property owners fail to pay the property taxes, the property may be offered for sale by the county at public auction. A detailed catalogue is often prepared by the treasurer/tax collector's office.

4. Subscribe to real estate auction company mailings and newsletters. Request placement on the mailing list for auction catalogues. If advertised property does not reach a minimum bid and fails to sell, auction companies may notify potential buyers of the available property after an auction.

5. Read the auction catalogues carefully and research the desired property prior to the auction. Catalogues often contain the address, legal description, parcel map, pictures, property description and minimum bid. If the catalog has limited descriptions, contact the auction company and request additional information prior to the auction.

References

• Realty Marketing/Northwest: A Guide to Buying and Selling Real Estate at Oral Auction
• Netronline: Tax Lien Sales
• Biggerpockets: Where Can I Find Good Deals If I Don't Want to Buy From the Bank?

Resources

• State and Local Surplus Property