Real Property Auction
IMPORTANT: 2014 Auction Date Information
The County will have two Auction List Postings active this Spring
Please read the below carefully!
BIDDERS MUST PRE-REGISTER in the Division of Finance Offices, Room 800, 112 State Street.
SEARCHING NOTE: GOOGLE links are approximate. You may need to re-enter the street address into the Google browser, especially where more than one property is included in the PARCEL.
MAY AUCTION LISTING, PARCELS #300-#499
These are properties that require use of the SEALED BID FORM. These properties are noted to have significant distress and/or deteriorated structural issues that need immediate remediation. No live bids will be recorded on these parcels.
JUNE AUCTION LISTING, PARCELS #1-#299
These properties are mostly vacant lots and some buildings taken in the last few months that have not been reported as structurally compromised. Examine the folders, do on-site inspections, then come to the Times Union Center on June 7th to record your bid. RESOLUTION 80 FORMS which provide the County with your project details are required for these parcels.
County Owned Property Listing
General Notes about Bidding on Foreclosed Properties
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.
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. 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!
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. See property folders for additional details.
Suggestions for Bidders
Bids that include plans benefiting 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!