Ontario Tax Sale Property     

Providing free tax sale property listings for Ontario, Canada    


Tax Deed Sales - Can You Still Buy Properties for Pennies on the Dollar at Pennsylvania Tax Sales?




Source: Joanne Musa - United States

About a month ago I went to the Monroe County Tax Sale. Last year I was able to buy a building lot at this sale for the opening bid which was under $300. By the time I paid the recording fee, realty transfer fee and sale fee, I was up to over $600, but that still wasnít bad for a building lot that can sell for as much as $25,000 if it can pass a perk test. This year was a different story. I came away empty handed; I only bid on a couple of properties and both of them went up to $5000 or more. Since I would have had to come up with all of the money for any properties that I bid on within an hour after the end of the sale and most of my cash was tied up in another deed and New Jersey tax liens, I didnít have much cash to play with. There were fewer properties in this yearís sale then last year and more bidders. I believe that there were even more first time bidders at this yearís sale than at last yearís sale. More of the properties were sold, and at higher prices than last year. Even the trailers and timeshares were bid up.

What surprised me the most was a 7-acre lot that was mostly under water that sold for $15,000! On the tax map it only showed one stream that cut across the property and it looked like there was plenty of room to build. But if you actually did your due diligence and looked at the property you would have seen that there were two streams that took up most of the property with a small strip of land in between them. The lot was also irregularly shaped and there were two easements on the property. You wouldnít have known about the easements unless you did some checking into the title.

Then there was a pond in a development that sold for $1,000. I came to the conclusion that these newbie tax deed investors liked to fish. I also really canít explain the 0.02-acre lots that actually sold. In past sales, stuff like this would have not gotten any bids and been put on the repository list. It looks like itís becoming more difficult to buy tax sale properties for ďpennies on the dollarĒ like some real estate gurus claim.

If you plan on going to a tax sale, donít get carried away by the auction and donít bid without doing your due diligence first. At the very least you need to look at the property, forget about what youíve been told about buying through the mail or online unless you have someone who can look at the property for you. For deed sales, you really need to do some type of title search and if you are buying vacant land you must check the zoning on the property.

Joanne Musa is a Tax Lien Investing Coach and Consultant who works with investors who want to learn how to buy profitable tax lien certificates and tax deeds. She is the president of Tax Lien Consulting LLC, a consulting firm for tax lien investors. She is the author of the e-books: Tax Lien Investing Secrets and Tax Lien Lady's State Guide to Tax Lien and Tax Deed Investing, available at http://www.taxlienconsulting.com For more tips on investing in tax lien certificates send an e-mail to MoreTips@taxlienconsulting.com To learn about how to do due diligence for tax liens or tax deeds go to http://www.taxlienlady.com/Membership.htm




Next: Tax Lien Investing in New Jersey - Calculating How Much Premium You Can Pay

Previous: Foreclosing on Your Tax Lien



Add to Informational Site Network
Report
Privacy
ADD TO EBOOK








Tax Sale Property Listings

Canada:
Current Ontario Tax Sale Properties - EBook Guide

Ontario Tax Sales - 2016
Ontario Tax Sales - 2015
Ontario Tax Sales - 2014
Ontario Tax Sales - 2013
Ontario Tax Sales - 2012
Ontario Tax Sales - 2011
Ontario Tax Sales - 2010
Ontario Tax Sales - 2009
Ontario Tax Sales - 2008
Ontario Tax Sales - 2007
Ontario Tax Sales - 2006
Ontario Tax Sales - 2005
Ontario Tax Sales - 2004

Current Alberta Tax Sale Properties

Alberta Tax Sales 2014
Alberta Tax Sales 2013
Alberta Tax Sales 2012
Alberta Tax Sales 2011
Alberta Tax Sales 2010
Alberta Tax Sales 2009
Alberta Tax Sales 2008
Alberta Tax Sales 2007
Alberta Tax Sales 2006
Alberta Tax Sales 2005
Alberta Tax Sales 2004

Nova Scotia Tax Sale Properties

New Brunswick Tax Sale Properties

USA:
New York Tax Sale Properties
Texas Tax Sale Properties

Sheriff's Sales
Ontario Sheriff Sales Properties

Ontario Tax Sale Research

Listing by Date
Listing by Counties, Listing by Districts, Listing by Regions, Listing by Single Tier

* My Properties *


Latest Discussion Posts

>> Have you ever wondered why tax sale purchase prices are so high recently by Dave2
>> Clarington new chapter for 4239 Lakeshore Rd, Newcastle lot by bee
>> Hamilton Results? by mike7
>> Re: Re: Dysart et al - large waterfront by Dave2
>> Re: Dysart et al - large waterfront by Jack
>> Re: Dysart et al - large waterfront by Dave2
>> Re: Dysart et al - large waterfront by Thind
>> Re: Dysart et al - large waterfront by RyanMckenzie
>> Re: Re: Dysart et al - large waterfront by Pfm1011
>> Is this the Never Ending Tax Sale? by Dave2
>> Re: Dysart et al - large waterfront by RyanMckenzie
>> Re: Dysart et al - large waterfront by bee
>> Dysart et al - large waterfront by Dave2
>> Re: Tiny, possible contaminated soil lot across landfill by Jack
>> Re: Tiny, possible contaminated soil lot across landfill by Slick_Willy
>> Re: Haldimand Results Please by RyanMckenzie
>> Re: Haldimand Results Please by Jack
>> Re: Re: Haldimand Results Please by RyanMckenzie
>> Re: Haldimand Results Please by Jack
>> Re: Haldimand Results Please by Pfm1011
>> Re: chatham-kent by Jack
>> chatham-kent by RyanMckenzie
>> Re: Haldimand Results Please by matt
>> Re: Haldimand Results Please by Pfm1011
>> Re: Re: Haldimand Results Please by Pfm1011

Visit the tax sale properties discussion boards


Articles

>> Don't Buy Tax Lien Certificates Unless You've Done Your Homework! by Joanne Musa
>> Tax Deed Sales - Can You Still Buy Properties for Pennies on the Dollar at Pennsylvania Tax Sales? by Joanne Musa
>> ForeclosuresNH Discovers A Disturbing Trend in the NH Foreclosure Market by James Kenney
>> Foreclosure Homes - Buying Foreclosed Real Estate by Carrie Reeder
>> What You Should Know About Foreclosure Investing by Masni Rizal Mansor
>> Property Tax Sale Process by City of Markham
>> Buying a Foreclosed Home by Mansi Gupta
>> Government Tax Liens by Peter Emerson
>> How to get your hands on cheap land-bargain hunting at tax sales by Cottage Life Magazine June 2004
>> How the Rich Become Richer by Martin Lukac

View more tax sale property articles


Other

Tax Sale Property Books
Kindle

Tax Sale Property Links


Follow @taxsalesont



Privacy Policy