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.
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:
|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 successfully 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.
Norfolk Vacant Property Auction Terms and Conditions
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]
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