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.
