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Advantages of buying properties at a Sheriff’s sale are many fold.

The biggest advantage to buying properties at the Sheriff’s sale is the high profit potential. If there is a large difference between the market value of a property and its final judgment amount at auction, you can really win big. Typically, the largest cash rewards come from the proper application of this investing method.

Sales are usually advertised 4 - 6 weeks in advance. In some states, this information may be available 6 - 8 months or more before the sale. This gives you ample time to research the property, the condition of the loan and the condition of the home owner. Why the home owner? If you can work out a satisfactory arrangement with him, you can save yourself the trouble at the auction. If you meet with the owner and can’t work out a deal, you should at least take careful note of the property’s condition. This gives you a competitive advantage over other auction bidders.

You can go to the courthouse and observe the process as often as you like before going to bid on your property. It’s certainly a good idea to familiarize yourself with the auction process.

There usually isn’t much competition for properties sold at auction. Sometimes no one shows up to bid on a property, perhaps due to transportation problems or inclement weather. This creates fantastic opportunities for the diligent investor.
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