Thinking of buying a foreclosure in Kelowna? There are a few risks that you should know about and the #1 risk of buying a foreclosure is actually overpaying and the fact that they are not as good of a deal as you may think. I have dealt with a lot of foreclosure (or court ordered sales) and been very successful in assisting my clients to become the winning bid in court, however they can sometimes end up costing you more money in the long run. Lisa Alentejano and I cover how they can actually cost you more because of financing and how the courts cause you to pay higher than market value. Also some foreclosures are former marijuana grow-ops and that also can drastically affect your financing options.
It is extremely important to have a professional team working for you to explain the ins-and-outs of buying a foreclosure.
Tiffany Munsey
A licensed REALTOR® with Coldwell Banker Horizon Realty
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