Foreclosures/Court ordered sales for April 2023
  
Langley Attached
Maple Ridge, Pitt Meadows Attached
Abbottsford Attached
Burnaby Attached
Maple Ridge, Pitt Meadows Detached
New Westminster Attached
Mission Attached
New Westminster Detached
Mission Detached
Langley Detached
Richmond Detached
Surrey Delta Cloverdale Detached
North Vancouver West Vancouver Attached
Vancouver East Detached
Richmond Attached
Port Coquitlam, Coquitlam, Port Moody Attached
Vancouver East Attached
North Vancouver West Vancouver Detached
Tsawwassen, Ladner Detached
Tsawwassen, Ladner Attached
Vancouver East Attached
Surrey, North Delta, Cloverdale Attached
Vancouver East Detached
Vancouver West Detached
Vancouver West Attached
Hi All
Welcome to my list of foreclosures/Court ordered sales for April 2023
There may be some terrific buys here. Pick a location and see what is available as of today.
Please Note: As homes are sold they may no longer be available to view... Be sure to check first...
If a community is not listed there were no foreclosures or Court Ordered Sales available in that community at time of publication
Looking for an update? New listings come in every day... Be sure to call or drop me a note for an update on what's available in any community.
Why a Foreclosure or Court Ordered Sale.
There are several reasons why someone might consider buying a foreclosure property in British Columbia:
Potential for a Good Deal: Foreclosure properties are often sold at a discount compared to similar properties on the market, which can make them an attractive option for buyers looking for a good deal.
Opportunity for Investment: Foreclosure properties can be a good option for investors looking to purchase a property and flip it for a profit or hold onto it as a long-term investment.
Wide Range of Properties: Foreclosure properties can come in a variety of shapes, sizes, and locations, which can give buyers a wider range of options to choose from.
Less Competition: Foreclosure properties can sometimes have less competition than traditional listings, as some buyers may be hesitant to purchase a property that has gone through the foreclosure process.
Potential for Customization: Since foreclosure properties may have been neglected or require some repairs, there may be an opportunity for buyers to customize the property to their liking and potentially increase its value.
It's important to note that buying a foreclosure property can also come with some risks and challenges. It's important to work with a real estate professional who has experience with foreclosure properties like myself and can guide you through the process.
Be sure to reach out for more information on any property.
P.A. "Doc" Livingston
Your local neighbourhood REALTOR®
New Anti-Flipping Rule
Under the proposed new rules, where there has been a disposition of a “flipped property,” any gain realized is taxable as business income and not as a capital gain. As such, the PRE will not be available, and the entire gain is taxable as 100% business income.
READ MORE...
Presale Properties... Why are they so popular today?
If you have thought of making Pre Sale Properties part of your Real Estate Investing or Future planning here are the top 5 reasons why pre-sales are becoming so popular in BC:
1. Lower Prices: Pre-sale properties in Canada often come with a lower price tag than finished homes. This is because developers want to sell units early on in the construction process to secure financing and lower their risk. By purchasing early, buyers can take advantage of today's prices and save money.
2. Customization: Canadian pre-sale properties often allow buyers to choose their own finishes, such as flooring, countertops, and fixtures, to create a home that truly reflects their style and personality. This allows buyers to have a say in the final product and create a home that feels uniquely theirs.
3. Investment Potential: Pre-sale properties can appreciate in value over time, making them a potentially valuable investment in the long term. As the Canadian real estate market continues to grow and develop, the demand for new homes is likely to increase, making pre-sale properties a smart choice for buyers who are looking to invest in the country's future growth.
4. More Desirable Locations: Pre-sale properties in Canada are often located in desirable areas that are poised for growth, such as up-and-coming neighbourhoods or areas with new infrastructure projects underway. By purchasing a pre-sale property in one of these areas, buyers can potentially benefit from the increased property values that come with the neighbourhood's growth and development.
5. Extended Payment Timeline: Canadian pre-sale buyers typically have the option to make smaller payments over a longer period of time, making it easier to manage the financial burden of purchasing a new home.
Overall, pre-sale properties offer several advantages that make them an attractive choice for Canadian buyers who are looking for a new home. From the lower prices and customization options to investment potential and desirable locations, pre-sale properties offer a range of benefits that finished homes may not provide.
We have several projects coming up this year in various parts of the BC Lower Mainland so If you would like to know more just drop me a note or give me a call
"Doc" Livingston. Pre-Sale Specialist.
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