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Online Auction of Vacant City-Owned Properties | City of Norfolk, Virginia

Dream, bid, build.

The City of Norfolk Vacant Property Online Auction offers interested property owners and developers the opportunity to invest in the City of Norfolk by purchasing and redeveloping city-owned properties.
Designed for transparency, fairness and efficiency, this new auction process aligns with the City’s housing priorities and goals to transform underutilized properties, increase economic inclusion, encourage and supporting wealth creation through home ownership and strengthening neighborhoods and communities.

GovDeals

The City of Norfolk vacant property auctions will be administered by GovDeals, an online auction service that specializes in liquidating surplus government property. GovDeals will collect a 5% administration fee which will be passed on to the buyer for each property.

Spring 2022 Auction Dates

Phase 1: Property Listing Phase (April 22 – May 26)
Phase 2: Submission Period Phase (May 27 – June 2)

Phase 1: Property listing phase (approximately 30 days)
Real estate advertisements will be available on GovDeals.com/NorfolkRealEstate during about thirty (30) days before the auction.

To become a qualified online auction participant (a “Bidder”), the following steps must be completed by the Deadline:

  1. Register to bid on the online auction website at www.govdeals.com/register.
    • Must be completed by all new bidders
    • Follow all instructions to set up GovDeals account and passwords
    • Once registration is complete, interested parties will be able to participate in all city auctions in the future.
  2. Read the terms and conditions
  3. Complete the Norfolk General Auction Application (will be posted during the property listing phase)
    • To be completed by all bidders
    • Only needs to be submitted once
  4. Browse and review available properties during the property listing phase of approximately thirty (30) days.
    • Prospective bidders are responsible for property research, inspections and financial preparations during this property review period.
    • TIP: Visit NorfolkAIR to search for property records, lot specifications, tax information, etc.
  5. Complete the Norfolk Property Application(s) (will be released during the property listing phase)
    • Bidders must submit this Norfolk Property Request for each property on which bidders wish to bid
  6. Submission(s) of offer
    • 10% of the stated minimum bid amount for each property bidders wish to bid on
    • IMPORTANT: Bidders will not be permitted to bid on an auction until they have completed all of the above steps by the deadline: Thursday, May 26, 2022, 12:00 p.m. (noon) EDT

Phase 2: Submission period phase (7 days)
After the property registration phase, a seven (7) day bidding period opens. This is when the auction is live and all available properties are in active bidding.

You will NOT be able to bid on a property until all Phase 1 steps are completed.

Automatic bidding: When placing a bid on a property, you will have the option to enable automatic bidding. Autobidding means that your bid will automatically be raised to outbid anyone who bids more than you up to the pre-set maximum bid amount.
IMPORTANT: If automatic bidding is not enabled, you will need to periodically check the status of your auction(s) during the auction period.

Further information

Coming:

Frequently Asked Questions

Spring Auction of Properties by Neighborhood Video

“How to” video

Connect with the Real Estate Auctions Team

Phone: (757) 664-2470
Email: [email protected]
Sign up to receive auction updates and information

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