Foreclosures Part II - Risks

Foreclosures are typically provide a great opportunity for value when purchasing real estate. However, the value does come with some risk. First, the appliances are not included in the sale. So, before gaining possession of the property, the owner being foreclosed can remove all of the appliances. Second, the property is sold "as-is-where-is" on possession day. Therefore, the Buyer runs the risk of receiving the property not in the same condition as last viewed. All that being said, if you are purchasing a foreclosure below market value, usually you still come out on if you have taken into potential post possession costs. For more information on Foreclosures or Foreclosure Listings, contact Ehsan at 604-626-5332 or ehsan@ehsanrealty.com.

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• Real
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• Condos
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• Downtown
• Foreclosures
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