5 Reasons to Buy Tax Lien Certificates in Maricopa County, Arizona
Many people buy tax lien certificates at local county auctions. More than half of the states offer these properties in their annual county tax sale. Some places are much better for purchasing tax lien certificates due to better rates or service, or higher number of properties. Here are five good reasons why you should consider buying tax bond properties in Maricopa County, Arizona.
1. Great interest rate
Arizona Tax Certificates in Maricopa County can pay you up to 16% interest on your initial investment. That’s 35% more than you can earn on a similar investment in South Carolina.
2. Over-the-counter sales
Approximately 20% of all properties offered for sale at the February auction remain unsold. Surplus properties are made available at the county offices immediately after the completion of the annual sale. You can inspect these properties at any time and buy without competitive bidding, that is, “without a prescription.” There are many great properties left to be purchased, and due to a lack of competition, any certificate purchased will carry the maximum rate allowed by law, which is currently 16%.
3. Anyone Can Buy Maricopa County Tax Liens
If any. In fact, almost 20% of tax liens are sold to investors who live outside of the United States.
4. You do not need to travel to Maricopa County to buy tax lien property
With modern technology, it is now possible to do all of your research on a computer. You can get satellite photos of the property, view the deeds online, and view the tax card on your computer. Maricopa County will allow you to mail a check or purchase electronically online or over the phone when you call the Maricopa County Assessor’s Office.
5. Property listings of all available tax delinquent properties are available months in advance of the sale
Maricopa County makes a list of the 20,000 tax-delinquent properties available on a disk, for a fee of about $40. This list is available around November 1st for the February auction, so you can start your due diligence months before the auction, or at your leisure if you’re buying property without a prescription.
As you can see, there are many advantages to buying tax bond property in Maricopa County, Arizona. It is highly unlikely that you will find another place to buy tax lien certificates over the Internet, by mail, through live auctions, and available for sale to people living outside of the US. When you add the fact that you can get a list of properties available for sale before the auction and earn 16% on this investment, you will find that Maricopa County is the best place to buy tax lien certificates.