Where Is the Real Estate Tax Certificate and Tax Deed Market Going From This Point? The Tax Certificate Sales have finally concluded in Florida and it was not particularly rewarding for the Tax Certificate investors. Florida has 67 counties and each county has their "once a year" sale. This always happens during the month of May and cannot go past the first of June (Florida Statutes). As an investor, the past four years have been exceptionally good, with plenty of Tax Deed opportunities at steeply discounted prices to the value. But now the question is how much longer will "the good times" last? Tax Certificates and Tax Deeds had been live auctions for many years in Florida. This allowed only a select group of local investors to buy them because of the required research and the daily drives to the auctions. The internet has changed that and has literally opened this "niche market" to everyone in the world. Several companies now run live online auctions in several Florida counties. In many ways this is good -- for the delinquent property owners as it afforded them lower interest rates for their delinquent taxes. This also leads to higher prices paid for their Tax Deed properties. This rewards by putting more money in the delinquent property owners pockets from the "excess funds". This is also bad --- for the investors, because it dilutes the delinquent Tax Certificate buys with low bid prices for the interest rates. Also the novice investors do little or no "Due Diligence" when the bid at these live online auctions, buying sight unseen. Now a quarter of one percent is becoming the norm for the bid Tax Certificate interest rates by several institutional investors. Because of these and other factors, many foreign investors are also buying Tax Deeds and Tax Certificates. Though this is good news for the real estate market and the overall economy, it is not such good news for the individual investors wanting a better return on their retirement investments. Remember, it is the investors who usually lead the recovery. Today's real estate market is very different today than it was four years ago. There are still some good investment bargains and fare rates of return for the wise and diligent investor. Today's investors are in the forefront of the next real estate market boom that will eventually return. There are very few places that will give investors the return rate on their money that Tax Certificates and Tax Deeds can, but this window is starting to close.
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