Ontario Tax Sale Property Forum

Tax Sale Forum => Questions and Answers => Topic started by: welcomelm on November 25, 2014, 07:51:25 PM

Title: tender price
Post by: welcomelm on November 25, 2014, 07:51:25 PM

Hi Everyone

I have hard time figuring out how much I should tender for a tax sale property. Does anyone know some sort of rule of thumb equation to come up with a reasonable figure for the tender? Thanks in advance

Title: Re: tender price
Post by: Dave2 on November 25, 2014, 10:55:41 PM

Quote from: welcomelm on November 25, 2014, 07:51:25 PM

Hi Everyone

I have hard time figuring out how much I should tender for a tax sale property. Does anyone know some sort of rule of thumb equation to come up with a reasonable figure for the tender? Thanks in advance 

When you get the answer let me know.  The only rule is one you can make money on if you resell or if you want for personal use you can afford to pay a little more. 

Given the risks inherent with tax sales it is less then people sometimes think because you cannot vet them like a regular real estate sale and you have to leave some money for contingencies.