Get a Free Hotlist of Power of Sale, Estate and Fixer Upper Properties in Toronto & GTA
Deals of the Week - Week 01 November Toronto
Estate Sale - Victoria Park & Danforth Ave $499,000
Property Being "Sold As Is", No Survey
Location, Location, Location! This Is A Rare Opportunity To Start From The Studs And Create Your Own Masterpiece. The Only Semi-Detached On The Street, In Walking Distance To A Variety Of Amenities -- Vic.Park Subway, Schools, Grocery & Drug Stores, Restaurants And Lots More! Builders, Renovators And Investors Welcomed.
Midland / Kingston Road $595,000 03 Beds - Motivated Seller
Orton Park/Lawrence $599,000 03 Beds 02 Bath - Motivated Seller
Home Sold 'As Is/Where Is'. All Appliances In 'As Is' Condition. Updated Furnace And Electrical Panel.
Power of Sale when a home is being sold by power of sale it means the mortgage lender, not the homeowner, is selling the property. It’s a remedy available to a lender when the homeowner defaults on their mortgage. Generally offer a great deals yet the property may need much need of essential maintenance work.
Fixer Upper is a property that will require repair (redecoration, reconstruction, or redesign), though it usually can be lived in, the dwelling offered at a bargain price and suitable for improvement by a new owner, often with the object of resale at a considerable profit.
Estate sale is a sale or auction of property owned by a person who is recently deceased or who may be going in to assisted living. The most common reason for an estate sale is the death of the property owner, and the consequent need to quickly liquidate the deceased's belonging, most often the seller has no emotional attachment to the property and the consideration could be financial gain within a short term.
Court Ordered Sale circumstance where the courts have ordered the sale, that is, they have given the right to someone usually the lender/mortgage holder to list and sell the property. Often extends great value with little known conditions attached with the final sale.
Distressed Sale is a circumstance when a property is sold in an urgent manner often occur at a loss because funds tied up in the asset are needed within a short period of time.
The above is some of the circumstances where property is offered at a bargain. Toronto and the GTA is the place for opportunity for real estate investors and house hunters. Location size of the house and lot size are some of the main characteristics offers exceptional value to home owners and investors. To capitalize on these opportunities help of an expert professional real estate agent is of utmost important. Professional real estate agents have access to valuable data on sold statistics in the immediate neighbourhood and markets trends which is not available to public and have the knowledge to guide you all the way when purchasing or buying your life investment.
Great deals are snatched as soon as it hits the market. Timing is everything. Distress, bank, power of sale, estate sale and fixer upper properties offer imperfections to be made perfect for people who could see the potential.
The final outcome of the property depends on the envision of the investor or the home buyer how they want to create wonderful space for future use creating a dream home.
What is your preference? Let us help you with your house hunting.