Real estate transactions are complicated. You don’t want to accidentally agree to a purchase that will land you in enormous amounts of unforeseen debt. With our expert tax sale services in Nevada, you can rely on professional consultants to guide you through an informed, fast, and protected real estate purchase process.
Tax sale properties are real estate properties that must be sold through auctions because their original owners failed to fulfill their property taxes. In some cases, tax sale properties can be profitable investments when researched correctly. At PureTitle, our Nevada tax sale experts provide the knowledge and resources you need for predictable, lucrative purchase decisions.
With our guaranteed tax sale insurance and thorough examination process, you can mitigate risks to protect your investment. Call PureTitle today at (504) 300-0520 to speak with our tax sale consultants in Nevada about your needs.
Nevada Tax Sales: What You Need To Know
A tax sale occurs when a property owner fails to fulfill their city or county taxes and cannot pay back the government their owed dues, so the property goes up for auction. During the auction, real estate investors can purchase the property at a price lower than market value but may need to pay the property taxes or take over the original owner’s lien. While the price tag for a tax sale may look appealing, many minor discrepancies can arise after the deal that you must carefully consider to protect your financial interests.
How Do Tax Sales Work in Nevada?
When a Nevada property owner fails to pay their property taxes, they will begin receiving notices in the mail. Eventually, the process will transfer over to a tax collection agency for as long as a few months to multiple years. Assuming the property owner does not fulfill their owed payments, the collection agency will eventually trigger a tax sale of the property, which will open up the auction process.
The property owner will get the chance to pay their taxes in full if they wish to reclaim the property. If they cannot do so, the government will seize ownership and conduct the auction process, using the proceeds to make up for the owed taxes. In many cases, the property’s sales price will be around 80% of its fair market value, minus the owed tax liens.
Tax sale properties in Nevada have inherent risks as they do not have clean titles. If you’re interested in purchasing one, seek Nevada tax sale assistance and insurance to minimize investment risks.
Understanding the Different Types of Nevada Tax Sales
You may run into two different types of tax sales in Nevada:
- Tax adjunction sales: Tax adjunctions include the sale of the entire property with any unpaid taxes, meaning the buyer will be responsible for clearing these title claims and future claims.
- Tax lien sales: Tax lien sales auction the property’s lien rather than the actual property. The new buyer could foreclose the property if the original owner cannot pay off the liens.
Our tax sale services in Nevada can help you in either of these situations.
Protecting Your Investment With Our Tax Sale Services in Nevada
The Silver State of Nevada can be a wonderful place for investing in real estate, but if you choose to purchase a tax sale property, you must do so carefully. At PureTitle, our property tax sale services help you investigate the title and insure your investment so you can feel more confident with your purchase. When you choose our tax deed auction support in Nevada, you can enjoy:
- Comprehensive title examinations
- Nevada tax lien help
- Identifications of existing tenants, code violations, etc.
- Investment commitment reviews so you understand what you’re getting into
- Comprehensive title insurance
Choose Nevada’s Tax Sale Experts Before You Invest
At PureTitle, we want to help protect you from unforeseen claims on risky real estate purchases. Check out our services, then contact the PureTitle team at (504) 300-0520 to learn more about our tax sale services in Nevada.
