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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
Closing or Settlement >A Successful Closing

The closing table is where buyer and seller can celebrate the final stage of a successful home sales transaction. On this happy occasion, you sign the closing papers, trade keys, and wish one another well. It is to everyone's advantage to prepare for the closing such that all the details are worked out in advance.

As the home seller, how can you help ensure that your closing is a relaxed, cooperative event? First, enlist your real estate agent's help to ensure that all issues are resolved ahead of time. Repairs should be completed, agreements kept, the house broom-clean and ready for the new owners to move in. The atmosphere doesn't need to become adversarial, and minor upsets should not threaten the entire transaction. If you anticipate a problem, no matter how minor it may seem, be sure to communicate the situation to your real estate agent in advance, so that it can be resolved before the final closing date.

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Real Estate Trivia
Q 
Exactly how many islands are included in the group called the 1000 Islands?

A 
There are actually 1,864 islands in the 80-mile stretch in the St. Lawrence River, between Ontario, Canada and New York State.
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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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