Real Property Auction
County Owned Property Listing
Requests for Bid Sales
CITY OF ALBANY WATER BOARD NOTICE
The County has been notified that the Albany City Department of Water and Water Supply will waive all unmetered charges on county properties under the current county auction provided the purchaser installs a meter within 30 days of closing on the property, or the purchaser terminates the water service within 30 days of closing on the property. The property owner must provide proof of this termination in writing to the Water Department. Failure to provide this proof of termination will result in reinstatement of all unmetered charges.
Do your Research, Make an Offer!
Properties are sold "AS-IS". These buildings and vacant lots were abandoned by the former owner for unpaid delinquent taxes. You are buying foreclosed properties by Quit Claim Deed. You must fully research any property bid upon.
Bidders are required to examine the property folders at 112 State Street and do on-site visits to the properties they bid upon. The County will not refund deposits due to bidder mistakes or lack of knowledge about a property.
Special Notice—Adjacent Owners!
If you are the adjacent owner to one of the vacant lots, let us know! Proposals that result in merger of vacant lots into your existing property will be given preference. Other neighborhood residents, garden groups and community based non-profits are also encouraged to apply under this side-lot transfer consideration.
Break the Cycle of Decay
Bids on buildings should focus on turning vacant spaces into vibrant places. The structures listed here were abandoned to foreclosure after years of neglect. When you buy them you accept responsibility for reversing that disinvestment. You will also be required to provide proof of financing.
Remember you must comply with local ordinances related to vacant buildings
You may find these webpages and documents helpful:
Where do I begin?
Once the list of County owned properties is posted for bidding, you must begin with these three steps:
- Come to Room 800 at 112 State Street view the property files and then register to bid. You will be given a bidder card and bidder number to use with any bids you submit. Photo ID will be required for registration;
- Set up an appointment to view the property. Bidders must do on-site inspections prior to submitting bids;
- Figure out what your cost of rehab will be for any building, what the zoned use is for vacant land, and add those costs to the bid form. Remember to include “sweat equity” where you are doing the work yourself!
Long term result is more important than today’s bid price! Consider the total investment and long term value of your parcel—owner occupied or rental, side lot or community garden, each use has a community benefit that you should identify in your bid proposal. Any bidder with demonstrated prior success with distressed property rehab should identify completed projects.
Bidders must be pre-qualified
By registering you are certifying that you meet these basic criteria:
- No unresolved citations or Code Violations, No Vacant Building Court Actions within the past 3 years;
- No Criminal Activity at any Property Owned by Bidder;
- No Delinquent Taxes;
- No abandonment of property to foreclosure within the past two years.
Once registered, the County will perform background checks on all bidders to confirm that none of these conditions exist PRIOR to accepting bids. Deeds can only be recorded into the name of the registered bidder!
Side Lot Transfer Provisions:
- Must own and maintain the abutting property
- No code, zoning, or criminal violations on bidder-owned parcels
- No record of emergency demolitions on bidder-owned parcels
- Must merge County lot into existing lot upon transfer, eliminating any potential for future delinquencies.
All bids must be reviewed and forwarded to the County Legislature for authorization to close. It is the intent of the County to consider the long term impact of these sales, rather than awarding sales on the sole basis of highest amount offered in this process.
See the Properties, Document Conditions, Do your Research!
Showings will be scheduled where there are interested bidders. You must come to Room 800 at 112 State Street and review the property file prior to scheduling a viewing of the property. Once you have provided registration information and viewed the files, please call 518-447-7086 to schedule a showing.
New Section for Bids—400+
Invest in Success! The County reserves the option of requiring escrow funds where property condition is noted as poor. In these instances the bidder may be required to provide a certified funds check at closing for the anticipated roof repair/stabilization costs. As repairs are made, these funds will be released back to the owner. Matching funds for roof repairs may also be available for certain properties. These properties will be identified. See property folders for additional details.
Suggestions for Bidders
Bids that include plans benefitting our neighborhoods in the long term will be rated higher!
Look for projects that foster the development, redevelopment or rehabilitation of property to achieve one of the following community benefits:
- Blight remediation;
- Creation of affordable housing;
- Creation of employment opportunities;
- Neighborhood stabilization and revitalization;
- Historic preservation;
- Increase the tax rolls;
- Community improvement or beautification
Good luck and thank you for your interest in property ownership in Albany County.
CHECK ONLINE UPDATES and ANNOUNCEMENTS CAREFULLY
All posted announcements take precedence over previously printed materials. This is how the County corrects, updates, adds or deletes information before the bidding ends.
ALBANY COUNTY DOES NOT PROVIDE TITLE INSURANCE ON ANY PARCEL SOLD. We strongly recommend that bidders secure title searches prior to bidding and/or closing on properties.
AUCTIONS WILL ONLY BE HELD IF THERE ARE PROPERTIES IN COUNTY OWNERSHIP. Property listings become available online and in print approximately five (5) weeks prior to auction day. An informational meeting will be held 10-15 days prior to the auction. Property files will be available afterward for public viewing.
Please check our website each month!