Tax Sale Guide Home
Buying Buildings
Chapter: OTHER TAX SALE PROPERTY SALES
Dave2
1. There are several different situations but in general along with the risks are
also the rewards:
a) Occupied which means some interesting legal issues and do you have the mean streak to kick out little old grannies (I don't)
b) Empty urban which you also have the mold and other issues mentioned.
c) Empty vacation which because most are designed to be left vacant for long
periods you maybe okay as long as it has not been exposed to the weather.
d) Finally there are the mystery buildings that you find out after the purchase
you didn't know you had; that you picked up with the land you wanted to
purchase. (The following is a true storey and resulted from a discussion
with rural town staff over correct GST values.)
(Friendly town official (they do exist): The valuation probably results from the existing cottage.
(Surprised Wining bidder;) What Cottage?
I am in the final stretches of rebuilding it now and both the
gamble and the investment may work out. If it does maybe sweet
except for the arguments with my wife.
She thinks final value is much higher then our then I do. Of course that does not include the cost of the beers for Frank which I understand may get expensive.