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Power Of Sale and Foreclosures
Welcome > 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
 

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Real Estate Tips
Buying Land and New Construction >New Homes

Buying a house that is under construction gives you the opportunity to customize your new home by adding special features to the basic home. When deciding on additional features, consider how they will affect the re-sale value of the home and whether these additions will over-improve your home.

Money spent to improve and modernize kitchens and bathrooms is almost always a good investment. Granite and corian counter tops, side-by-side refrigerators, tile flooring and whirlpool tubs are popular upgrades. If the builder's standard flooring for the living room, dining room or foyer is linoleum, changing to hardwood or tile will increase the resale value of the home. And even if you don't enjoy sitting around a roaring fireplace, the next owner may want one. If you plan to finish the basement later, you may want to "rough-in" the plumbing for a bath during the original construction. You should consider your own enjoyment--and what will increase the value of your home when you sell.

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Real Estate Trivia
Q 
What famous American sign was originally erected as a real estate ad?

A 
The Hollywood sign, built in 1923, was conceived as a real estate ad that originally read, "Hollywoodland."
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Lindsay Smith, REALTOR®, real estate agent and broker for Oshawa, Whitby, Courtice and Bowmanville, Ontario home listings, property and land for sale - NUMBER1EXPERT(tm)

Lindsay Smith
RE/MAX Jazz Inc.

21 Drew Street
Oshawa, ON L1H 4Z7
905-434-5222
Toll Free: 1-888-732-1600
Fax: 905-436-1745
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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