Power of Sales and Foreclosures For Sale in Oakville, Ontario.

By
Real Estate Sales Representative

If you are thinking of buying a home or real estate in Oakville, Ontario and would like the opportunity to try and save some money by buying a property or home that may need work and is accordingly lower priced, it's good idea to consider Power of Sales and Foreclosures.

Oftentimes a home under Power of Sale or Foreclosure needs cosmetic work or renovations of some kind and may be priced comparatively lower than homes that are not under power of sale.

There is no way for you to search on the mls system for power of sales since the owner of the property is not displayed to the public.

If you would like to be notified when ever a power of sale property comes on the market in your area and within your search criteria, you need to have a real estate sales representative assisting you.

REALTOR®s have access to all listings under the mls system and are able to determine which ones are under power of sale.
Buyers who are represented by REALTOR®S have first chance at viewing and bidding on one of these properties, potentially saving thousands of dollars.

If you are considering buying a home or investment property in Oakville, Ontario and would like to be kept updated by email or phone whenever a power of sale comes on the market, I would be happy to represent you and send you these listings on a daily basis.
There is no cost to you for this service.

Contact me via email at oakvilleandbeyond@gmail.com or by phone at 289-837-2132 for further details or to register for this service.

If you are thinking of buying a home in Oakville this year, consider attending our FREE Oakville home buying seminar.

Presentations will be given by professionals you'll encounter during the home buying process and there will be free home buying packages (including money saving certificates), door prizes and refreshments!

Reserve your seat today by visiting the following:
Thinking of Buying A Home in the Oakville, Mississauga or Burlington Area?-FREE Home Buyer's Seminar

Buying a power of sale home or property in Oakville can potentially save you thousands of dollars and be a wise investment in today's busy real estate market.

©2010JoSmith

 

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Jo-Anne Smith, the author of this article, is a REALTOR® with Your Choice Realty , Burlington, Oakville and  Mississauga, Ontario and welcomes your real estate inquiries. To contact her by email: Email Jo-Anne Smith

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Show All Comments
Rainmaker
1,451,180
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Authentic Feng Shui Expert

Jo, Is that your talk?  I'm sure it will be interesting and informative.  There's so much to learn about buying foreclosures.

February 10, 2010 08:08 PM #1
Anonymous
Anonymous
Anonymous

Jo...not being familiar with Canadian real estate, what would a Power of Sales be similar to in the US?

February 10, 2010 08:36 PM #2
Ambassador
405,056
Jo-Anne Smith, Sales Representative
Oakville, ON
Oakville, Burlington and Mississauga Region Real E

Carole,

Yes, myself and another agent are putting on the seminar along with a lawyer, home inspector and two mortgage reps.  We'll touch briefly on power of sale listings during the presentation.

Jo

February 11, 2010 07:14 AM #3
Rainmaker
895,352
Brian Madigan
RE/MAX West Realty Inc., Brokerage (Toronto) - Toronto, ON
LL.B., Broker

Jo,

 

Good luck with this. I have participated in a few of these types of events however I haven't found them to be as successful as I'd like them to be.

 

Brian

February 11, 2010 07:30 AM #4
Ambassador
405,056
Jo-Anne Smith, Sales Representative
Oakville, ON
Oakville, Burlington and Mississauga Region Real E

Brian

Thanks!

Jo

February 11, 2010 08:18 AM #5
Anonymous
Anonymous
Anonymous

Jo,

I dealt with a few of these in Edmonton in the 80's. I all case, the banks rep  told me their bottom line bofre I wrote.

February 11, 2010 10:32 AM #6
Rainmaker
333,351
Ty Lacroix
Envelope Real Estate Brokerage Inc - London, ON

Jo

Good luck with this and let me know how it goes. I used to do 2-4 of these a year and some were more successful than others. I now have my sales representatives do them with at least 3 buyer agencies being signed from each.

All the best

Ty

February 11, 2010 07:28 PM #7
Ambassador
405,056
Jo-Anne Smith, Sales Representative
Oakville, ON
Oakville, Burlington and Mississauga Region Real E

Michael,

Power of Sales are similar to Foreclosures, however the timelines are different as are the rules for redemption.

Jo

February 26, 2010 10:28 AM #8
Ambassador
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Jo-Anne Smith, Sales Representative
Oakville, ON
Oakville, Burlington and Mississauga Region Real E

Terry,

I've represented the bank on power of sale listings as well as a few private lenders who had to take back a property......the good thing about them is that by the time they come to your, they're usually vacant.

Jo

February 26, 2010 10:30 AM #9
Ambassador
405,056
Jo-Anne Smith, Sales Representative
Oakville, ON
Oakville, Burlington and Mississauga Region Real E

Ty,

Thanks. Seminars are a great way for buyers to learn about the home buying process and meet knowledgeable professionals who may be able to help them.

Jo

February 26, 2010 10:31 AM #10
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Jo-Anne Smith, Sales Representative

Oakville, Burlington and Mississauga Region Real E
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