Calgary Foreclosures For Sale
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Calgary has some foreclosure homes available to home buyers who are looking for a great deal.
The city has only a small inventory of foreclosure homes to choose from, due to the relative stability of the local real estate market; consequently, there aren’t a lot of choices in any particular price range. However, the homes that you do find in Calgary’s foreclosure inventory can be a really great discovery.
Foreclosure homes in Calgary range in price from around $200 thousand to $2 million dollars and are available across a range of neighbourhoods and areas of the city.
How Canadian Foreclosures are Different
While in the US the current economic climate has created a market for the purchasing of foreclosure homes for well under their fair market value, here in Canada this type of trend is just not a possibility. Canadian law dictates that foreclosures and other REOs are sold by the bank for their market value, so unfortunately that means that Calgary foreclosures do not include the same amazing deals that US markets can see.
Using a REALTOR® Experienced in Calgary Foreclosures
If you are interested in buying a Calgary foreclosure, talk to your REALTOR® to ensure that they’re knowledgeable about that kind of transaction. Buying a foreclosure can be a complicated endeavor compared to normal home buying. Krista & Michael Kehoe are experienced in a wide variety of real estate transactions and can help you make the process easy to understand.
Need More Info About Foreclosures in Calgary?
Krista & Michael Kehoe can help you with all of your Calgary real estate needs. Call us at 1.403.253.7774 or contact us using the contact form below for a free consultation.
Disclaimer: Information herein deemed reliable but not guaranteed by the CREB and EREB.
Listing information last updated on June 18th, 2013 at 2:38pm CDT.