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Power Of Sale and Foreclosures ...
 One of the most exciting segments of the Real Estate market we are seeing on a daily basis is the many Power of Sale properties that the banks are placing for sale. A power of sale property is typically a home that is being marketed by a bank or lender for non payment of the mortgage.
Some of these are amazing buys; others are, like many currently listed properties, priced higher than the market. One difference is that a power of sale in most cases must be sold so eventually many come down to a price that will get a buyer excited about closing the sale.
One recent buyer I worked with found a power of sale home listed for $199,900 and we secured an accepted offer for $165,000. We were fortunate to have offer accepted by moving quickly before any other buyers could submit an offer on the above home. By filling in the information below we will send you two weekly two emails of value: all of the weekly power of sale listings on Monday’ and our “Top 10 Best Buys of the Week" on Thursday. When looking for amazing deals on the market, speed is important. I will ensure that the information of the best buys are in your hands on a weekly basis, when you find one that is interesting, either call or email me for a viewing. Happy hunting and “deal” shopping Lindsay Smith
Pricing >If the Price Is Not Right A real estate agent has shown you a house that you like a lot. There is only one problem--the price seems too high. In a situation like this, you can still make an offer that you feel is appropriate.
The real estate agent cannot tell you how much to offer, but he or she can give you information about the selling prices of similar homes in the area. The agent will present your offer to the sellers. They have three choices--they can accept, reject, or counter your offer.
If the house is a new listing, or if your offer is very low, they may decide to hold out for something better. Sellers frequently build a little negotiating room into their asking price. Prices that are not negotiable at the beginning of a listing period may become flexible as time goes on. If you want to test the sellers' flexibility, make them an offer.
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| Q |
What is the world's longest frontier?
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| A |
At 3,987 kilometers (3,987 miles), the border between Canada and the U.S. is the longest in the world. |
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Lindsay Smith
Keller Williams Energy Brokerage
420 Green
St Whitby, Ontario L1N 8R1
905-430-2320
Fax: 1-888-357-3549
lindsay@soldbylindsay.com
Negotiating for over 2 decades means having gained experience from many difficult and challenging situations. I bring this experience with me to help you achieve a better price. I am continually negotiating with sales reps with lesser experience which gives my clients the opportunity to sell higher or buy lower.
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