Galway-Cavendish and Harvey

[Frank]

One more thing.

If you are planning to build in Northern Ontario, remember that things don't get done as quickly.  The weather will set you back.  Hunting seasons will see the contractor pools depleted.  I've even had crews quit working due to black-fly onset.

If you want better prices, get a cell phone with a 705 exchange...905 and 416s get marked up.

[Pfm1011]

If you want better prices, get a cell phone with a 705 exchange...905 and 416s get marked up.

Tricky.....disgusting how these northern country pr*cks work. 

[Pfm1011]

Apparently this redeemed late yesterday.

Man doesn't pay taxes for 10 years and then redeems at the last minute..why you ask ?

Simple ....some morons call the owner trying to buy the land cheap and "do the owner a favour"  ( slang for screwing the owner) and thinking they are real smart by end running the crowd

Since its likely the owner has an IQ above that of a rock he simply pays the taxes and the deal is over. Unless the end running moron pays market value there is no point.   

DO NOT CALL THE OWNER...DO NOT TALK TO NEIGHBOURS.

Good job greedy morons..you just made no money for anybody

[Rob]

I agree with that statement:  "DO NOT CALL THE OWNER...DO NOT TALK TO NEIGHBOURS."

Nothing good will come of this.

[twinn1]

When will people learn? This is a BUSINESS venture.  Probely some fools who thought they were savy.  This has happened to much frequently latley.

[netpred]

Maybe someone called the owner. But more likely the owner paid up at the absolute last minute.

[Pfm1011]

No owner is going to allow 6 K in taxes to skyrocket to 13500  on purpose. Additionally no a**hole is going to embarrass the family intentionally and the day the tax notice goes, he is paying, Hes not waiting till the 11th hour on purpose.  Does he have the money ?? he has sold 248K of inherited land in the last two years.

 I can assure you, a**holes called the owner being idiots. Remember, for every poster on here there is 50 lurkers who actually think they are smarter then everyone else.

Although I missed this opening, I have been to enough and listened to enough people. Every sale someone trys to call the owner.   

[markymark]

Not only the the best sale so far this year has been canceled,and more wasted time and money.You just invited new competition,with cash.Not smart.And never a good idea.

[netpred]

No owner is going to allow 6 K in taxes to skyrocket to 13500  on purpose. Additionally no a**hole is going to embarrass the family intentionally and the day the tax notice goes, he is paying, Hes not waiting till the 11th hour on purpose.  Does he have the money ?? he has sold 248K of inherited land in the last two years.

 I can assure you, a**holes called the owner being idiots. Remember, for every poster on here there is 50 lurkers who actually think they are smarter then everyone else.

Although I missed this opening, I have been to enough and listened to enough people. Every sale someone trys to call the owner.   

You may be correct about contacting the owner. I'm sure that it happens and based on what you say, it probably happened in this sale also. But I have also seen people wait to the last minute to pay up. In one such case the owner even kept the tax sale notices from his wife.

I think that you are correct about the lurkers. Sometimes I wonder who is really benefiting from this site. I hope that it is not just lurkers and that there is some benefit to the regulars. I know that I have had some private discussions that were useful.

[Dave2]

I was not at this bid which as cancelled at the last minute.  I have been advised by someone who was and who compared notes with other bidders that the top bid he heard was $200,000 yes two hundred thousand. 

Makes you wonder.  Whatever the difference in opinion between myself and PFM on value that has to be full market price or even more if true.

Maybe there is more then one fool out there.

Dave2

[Jayz]

Rumour.

So rumour has it - Dave2, are you the one who offered the owner $150,000 to have it canceled? 

[Pfm1011]

The full market on that piece  is 200K give or take a few dollars.. This time of year with the august stupidity you MIGHT  get 50 K more ....I dont know about you but I dont do tax sales to pay full market...If I want to pay retail I will simply go to MLS and get a piece I want with a house that doesnt contain animal life

You have no inspection, no warranty , no protection..  There could be a barrel of PCBs on the ground and its your problem.. IE Its total buyer beware. ..high risk..high profit

[Dave2]

Rumour.

So rumour has it - Dave2, are you the one who offered the owner $150,000 to have it canceled? 

If I did something like that you could read about my obituary in the next day's edition of the globe.   "Wife murders free spending husband".  At those prices she could probably convince the jury that it was a justifiable homicide. 
 

[twinn1]

I think the fair market value is a lot less then 200K, but thats just my opinon, if someone was willing to pay 200k for it then thats the FMP.   Too much considering the risk/reward ratio, as well as the building cost involved with that property.  Watch for this one to show up on MLS for 250K in the next few months.

This sale generated a lot of attention, espically when the local city counciller showed he intended to bid, word travels fast in small towns, my guess is the owner thought the land was junk and was willing to let it go to tax sale until all the buzz got back to him and he thought he could make some good money on it.  I will bet anyone here a 6 pack of beer that the property would have fetched more in tax sale process then it will on MLS.  This piece of land, if it makes to MLS will just sit there for years with no offers but when its a tax sale then everybody is jumping all over it like its the last piece of land left on the planet.

I always wonder about the lurkers too.

By contacting the owner, you are risking have the tax sale cancelled- 99% of the time that is what happens, I guess some people see it as if I can;t have it then no one else will either.

I know as far a commercial RE is concerned, the best way to raise low interest capital is to defer paying the property tax, the taxpable becomes a de facto low interest loan from the municplaity, companies just make a small payment to defer the case from going to legal and collections.  I can;t see that happening at the local RE level though. 

In most cases, without knowin the backstory behind these sales it hard to judge but unless the landowner passed away and the estate messed up or the owner is in jail, there is no real good reason not to pay property taxes unless the land is junk.

[markymark]

Don't click on erectile disfunction by jamesXU.