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.