The Truth about Buying Calgary Foreclosures

The Truth about buying foreclosures in Calgary Alberta Canada

The flow chart below answers many questions about buying foreclosures in Alberta.

  • What is the difference between a bank owned foreclosure and a judicial sale?
  • What is the average sale price to list price for foreclosures in Calgary?
  • Do foreclosure sellers supply Real Property Reports and Condo Documents?
  • Are all foreclosures listed on the MLS System?
  • Are banks and courts really motivated to sell off the foreclosures?
  • Are appliances included with foreclosed property sales?
  • Can you add buyer conditions to an offer to purchase a foreclosed home?
  • Will the banks and courts give you a counter offer if they don't like your offer?

Buying Foreclosures in Calgary is a bit different than buying a non foreclosure. Once you understand the process you can decide for yourself if chasing foreclosures is with the effort.

Have a look at this chart and call us to talk about any parts you want more information on.

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Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
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