Messages

1

General Discussion / Re: Landlocked parcels with no road access

« on: December 01, 2010, 07:24:50 PM »

Going back to the original inquiry; in no one familiar with the Road Access Act?
It is a tax sale bidder's companion piece of legislation.

2

General Discussion / Re: 2nd bidder

« on: October 01, 2010, 02:13:19 PM »

Oh the tedium.
Here's more valuable info - for free.
 I read both the zoning bylaw and the new OP. It is the existing zoning that governs (and that was confirmed by the County Planner). That a building permit is currently available is beyond doubt.
Official Plans guide applications for rezoning, and if you are proposing something that falls within existing zoning, without needing a variance, the OP is not applicable, as it is not triggered.
OP's, and utimately zoning bylaws, have to conform to Provincial policy, but the precise limits of the zoning have to be determined in the field, they cannot use not some vague limit on a crude map. No environmental scientist will declare dry rock alvar as wetland. (It has to be wet, or with hydrophilic soils.)
Besides, there is almost a half acre of this lot outside of the evaluated wetland limit as it stands.
(Now the Province is becoming interested in those alvars though.....)

3

General Discussion / Re: 2nd bidder

« on: September 30, 2010, 07:59:12 PM »

It isn't that rare:
It goes to the second bidder when you've bid twice because you want the property, and you've given yourself a big spread - just in case few others bid. Then you find yourself both first and second. You then walk from your first and close under your second.
It also goes to the second when you've found yourself in first place with a big spread and you buy the second bid.
It also goes to the second when you're the second and the first is way out there. Then you sell your bid to the first and then the first walks from his first and closes under your second.
Done all of these many times.
Just remember to cooperate with one another and we all make $$.

I disagree with your last statement. If you are the second bidder and you cooperate with the winner you are rewarding stupid bidding. I have had a winner approach me once to buy my bid. I would have made about 2k but I got more enjoyment by having the winner overpay for his property.

I hope the shoe is on the other foot next time.
It may not be stupid bidding. Often it is all the other bidders that are 'stupid'. Sometimes you see something that others miss. For example, on that recent Northern Bruce sale, I got the waterfront lot and I was the only bidder. I had no available bid to buy. Now I regret not bidding twice. I really didn't think all of the rest of the bidders would be as dumb as the local planners in not being able to read their own zoning maps. That lot is high and dry and mostly zoned Residential. (just click off the 'Evaluated wetland' layer to see it)
But do as you like. According to this page I'm just a 'Newbie'.

4

General Discussion / Re: 2nd bidder

« on: September 29, 2010, 03:11:17 PM »

It isn't that rare:
It goes to the second bidder when you've bid twice because you want the property, and you've given yourself a big spread - just in case few others bid. Then you find yourself both first and second. You then walk from your first and close under your second.
It also goes to the second when you've found yourself in first place with a big spread and you buy the second bid.
It also goes to the second when you're the second and the first is way out there. Then you sell your bid to the first and then the first walks from his first and closes under your second.
Done all of these many times.
Just remember to cooperate with one another and we all make $$.

5

Property Information / Re: Another Trent Hills Garage Sale - Santa comes Early

« on: December 24, 2009, 03:49:38 PM »

Merry Christmas Dave.

6

Property Information / Re: Another Trent Hills Garage Sale - Santa comes Early

« on: December 15, 2009, 09:02:05 PM »

I think that the judge didn't think far enough ahead. I the road deteriorates or a tree falls over it, that then becomes an illegal barrier. I can't see repair/removal being trespass. If it did, then the only options are to insist that the owner remove it or take him to court to remove it. Note that the act applies only to non-road allowances. If the municipality owns it, it's another matter.

7

Property Information / Re: Another Trent Hills Garage Sale - Santa comes Early

« on: December 11, 2009, 09:31:19 PM »

Just responding to the banter. Is no one familiar with the road access act? It doesn't matter who owns the land a road is on, if there is/was/intended to be a road to a property, it is protected, and access to the property it serves cannot be blocked. You dont need a deed to it.
By the way all, adverse possession takes 10 years.
Why do I reveal all this info? After bidding for 30 years, and having collected nearly 100 properties, I am winding down.

8

General Discussion / Re: Marmora Properties

« on: October 23, 2009, 03:34:03 PM »

To Pfm1011; That log house will be megabucks, that's all I can say, but it certainly shows faith in the subdivision. As for bid selling, read on:

To`Dave2; I think you did the most reasonable thing, fighting for your lot may not have been worth the aggravation. In this case, youy would not have got 'my' lot because I wouldn't have let it happen. I would have argued for disqualification based on being in the wrong envelope, and that would almost certainly stick. But for an initial minute there, Dave2, I thought I was going to be selling my bid to you.

To 26.2: Yes, yes and yes. Bids are traded by those who are aware of, and comfortable with the strategy. However, there is no reason not to be comfortable with it. I have never encountered resistance from a municipality. The municipalities do like it, they get to keep the high deposit. I have made lots of $$ coming in a distant second, and selling my bid to the high. I have also bought the second bid where I've found myself way overbidding. The formula is always the same, the sale price is half the money on the table, i.e. half of the first bid minus the second bid less the first deposit. That is why under the rules, there are only two bidders of status, otherwise this bid selling thing could cascade all the way down the line to the lowest bidder, with the original land owner getting only the lowest bid value and the municipality being the big winner. I often do the bid sell/trade in front of the clerk or treasurer, advising them in advance of the transaction that 'I'm going to make them some money'. Recall that the name on the form is anything you want, sufficient to identify the bid as yours. I know bidders that have used their cat and dog's name, just for anonymity. The first and second bidders might well have been a bidding team right from the outset, or even one in the same person, what does it matter? This is a little built-in tax sale perk that encourages high bids, benefiting the original owners overall, and also yields a bit of cash for municipalities now and then. So, to all you bidders out there, I also urge you to include your telephone number under your name. You might be hearing from me in an upcoming sale. Or I might hear from you.

9

General Discussion / Re: Marmora Properties

« on: October 22, 2009, 05:00:35 PM »

In this case Dave was willing to withdraw his bid, not really caring if he got the property or not. This provided an easy way out for the Twp., they could simply reject his bid on the basis of being on the wrong form, without objection. However, I agree, Dave could have screamed that he was the winning bid, and perhaps the Twp would have to agree.
I got the Pineview lot (for $6250.00); I already own the lot beside it having got it in a tax sale many years ago. I now have 4 acres here. This is a sleeper subdivision, really undervalued. It comes with a mile of joint ownership shoreline on a wide part of the Crowe River, which has a really interesting rapids and waterfall feature just downstream which is all located in Callaghans Rapids Conservation Area, which the subdivision backs onto. There is a boat ramp and you can boat into Marmora. The landscape is also a unique limestone alvar terrain with interesting physical and flora features.
As for the deposit strategy, I usually do the same, pick my max bid and then get a deposit to match; then decide later on my bid amount. However, I almost always then bid my maximum, so I guess, what is the point of that strategy. Besides, if you have a deposit greater than 20%, you will lose out if you decide to 'sell' your bid to the higher tenderer (where there is a big spread), or if you are high and decide to walk and 'buy' the second bid. So, I say to all bidders, never deposit more than 20%.