Tax Sale Properties
August 08, 2020, 09:25:36 AM *
Welcome, Guest. Please login or register.
Did you miss your activation email?

Login with username, password and session length
News: Tax List Property Listings Forum
 
   Home   Help Search Calendar Login Register  
Tax Sale Property Main Site
Pages: [1]
  Print  
Author Topic: Georgian Bluffs  (Read 3247 times)
0 Members and 1 Guest are viewing this topic.
Sierra
Newbie
*

Karma: 0
Posts: 7


View Profile
« on: February 05, 2020, 06:11:43 PM »

Does anyone have the results from the Georgian Bluffs tax sale today?  I was unable to attend the opening.
Logged
mozzy
Bronze
**

Karma: 0
Posts: 21


View Profile
« Reply #1 on: February 05, 2020, 10:27:06 PM »

59 Tenders, winning Tender $292,000.00 
Logged
pjdd
Gold
****

Karma: 3
Posts: 60


View Profile
« Reply #2 on: February 05, 2020, 11:18:01 PM »


Thanks for posting the result  Shocked Shocked Shocked
Logged
Sierra
Newbie
*

Karma: 0
Posts: 7


View Profile
« Reply #3 on: February 06, 2020, 04:09:23 AM »

Thank you.

I wasn't even close to that.
Logged
bee
Silver
***

Karma: 2
Posts: 42


View Profile
« Reply #4 on: February 07, 2020, 10:20:33 AM »

Clearly overpaid for this price.

There are cottages sold just down the road for $312K with building, septic, well + all extra....

Cottages sold:

1) 504443 GREY ROAD 1 ($312K)

2) 504389 GREY RD 1
 (Sold Price:  $432,500.00) with a walk in the jacuzzi tub, ready for  good rental income....


Lots:

1)    13 QUEEN'S BUSH ROAD (Sold Price:  $229,000.00)  Roll# 421051000402813

Logged
butchard
Bronze
**

Karma: 2
Posts: 20


View Profile Email
« Reply #5 on: February 08, 2020, 07:17:05 AM »

wow someone had way to much money burning a hole in there pocket's
Logged
Elvis
Bronze
**

Karma: 2
Posts: 14



View Profile Email
« Reply #6 on: February 08, 2020, 11:24:30 AM »

There's too much money chasing too little product, which is probably why the wise old men on this site have been so quiet lately.  This article from Manitoulin Island says it all, Toronto money is messing up the entire Ontario market.

https://www.manitoulin.ca/island-real-estate-market-has-been-booming/
Logged
Dave2
Senior
*******

Karma: 59
Posts: 1322


View Profile
« Reply #7 on: February 09, 2020, 05:59:35 AM »

Good observation Elvis.  Great time to be a seller and it looks like we are going to have to review bid pricing strategies if this persists,
but Elvis remember some of the smartest and our most dangerous opponents in the business are the women here.  

The lack of product means that we are getting a bunch of new competitors as well and a decrease in the quality of tax sale properties.  

Anyone know what the next few lower bids were for this one?  Wonder if just one excessive bid or whole market is going crazy?  
Thought something like this might happen on this one and fortunately did not waste my time.

Of course on the next one like this, I will make the same decision and there will be only a few low ball bids, and I will feel like an idiot.

I wonder if the buyer will be rescued by a post bid redemption?
« Last Edit: February 09, 2020, 07:41:51 AM by Dave2 » Logged
bee
Silver
***

Karma: 2
Posts: 42


View Profile
« Reply #8 on: February 09, 2020, 08:50:54 AM »

Its one crazy bid, most were around assessment values... May be next door mr. Chan Hoo
Logged
butchard
Bronze
**

Karma: 2
Posts: 20


View Profile Email
« Reply #9 on: February 14, 2020, 11:01:57 AM »

https://www.realtor.ca/real-estate/21548080/pt-lt-11-jones-range-georgian-bluffs

$299,999 for just under 12 acres same location.   Bidder should of waited.
Logged
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.12 | SMF © 2011, Simple Machines Valid XHTML 1.0! Valid CSS!
Page created in 0.053 seconds with 20 queries.