How do I get more information about the properties for sale?
The available properties are advertised on this website, in the Ontario Gazette and in the classified ads section of local newspapers one month prior to the sale.
Are there any liens/debts on the property?
The County of Huron does not provide any of this information for potential purchasers. Ascertaining these matters is the responsibility of a potential purchaser. This information can be found by researching the property at the Land Registry Office, 38 North Street, Goderich, Ontario, 519.524.9562 or by contacting your lawyer.
You should also note that as indicated in the advertisement for sale, the County of Huron has no obligation to provide vacant possession to the purchaser of the property.
Where is the sale?
This year's auction sale will be held at the Huron County Courthouse, 1 Courthouse Square, Goderich, Ontario. There is a ramp available for wheelchair access.
How does the auction work?
Each piece of property will be bid on individually. The auctioneer is the County Treasurer so it is at a slower pace than a typical auction. The bids are very clearly stated so there is no confusion about what anyone has bid. After the bidding has stopped on a property, the auction will take a short break while the paperwork is completed for that property. The auction will then proceed for the next property.
Is anything added to the amount I bid?
The only addition to the amount you bid will be Land Transfer Tax. This tax is a percentage of the purchase price and varies as the price increases.
Land Transfer Tax Rates
0.5% of the first $55,000
1.0% of the value between $55,000 and $250,000
1.5% of the value between $250,000 and $400,000
2.0% of the value over $400,000
This amount will be added to the amount you bid on the property and must be included in the payment made to the County of Huron at the time of sale.
How do I pay if I am the successful bidder?
Payment must be made by CERTIFIED cheque, bank draft, money order OR cash at the time of the sale. Funds should be payable to: Treasurer, County of Huron. After each property is sold, the auction will take a short break while we ensure the successful bidder has the required payment. If the successful bidder does not have the amount required in one or a combination of the above forms of payment, the property will be re-auctioned.
How much should I make my certified cheque/bank draft for?
You should get a certified cheque for the maximum amount you are willing to pay for the property you are interested in purchasing. Please remember that the Land Transfer Tax will be added to your successful bid in determining the total payment amount. If your highest bid (plus Land Transfer Tax) is less than the amount you have on your cheque, the County of Huron will issue you a refund cheque for the difference at the conclusion of the auction.
Example – You are willing to pay $10,000 for a property so you come to the auction with a certified cheque in that amount. You have the highest bid for the property and the total amount owing, including land transfer tax, is $8,000. At the conclusion of the auction, the County of Huron will issue a cheque to you for the difference of $2,000.
|
