Do you know how a regular home seller differs from a bank or heirs?
A regular seller is in love with their property.
They remember painting those walls themselves, buying the stone for the kitchen countertop, and paying for that expensive roof replacement. They want to tell us all about it to explain why their house is priced higher than similar ones—after all, so much time, nerve, money, and love went into it.
However, Power of Sale (bank sales) and Estate Sale (inheritance sales) follow a completely different logic:
The bank doesn’t want to be a homeowner — it just wants to recover its loan as quickly as possible.
Heirs often live in another city or simply don’t want to deal with renovations and showings for months.
For investors and those ready to do a little cosmetic repair to fit their taste, a real estate sale by a bank or heirs is often an ideal entry point.
However, finding such options is usually not easy.
To avoid going through thousands of regular listings manually, check out UnderMarket.ca.
I created this service specifically to find these exact types of properties. You can locate active Power of Sale and Estate Sale listings on a map, search by price, property type, and/or number of bedrooms, or leave your email address for weekly or daily updates so you don’t miss the best deals (you can unsubscribe at any time).
Join in and stay up to date with all the latest updates on the Power of Sale and Estate Sale market.
UnderMarket.ca – your search engine for special real estate opportunities!
Serge Skyba, your Ontario real estate expert
Sales Representative, Realty 7 Ltd., Brokerage
Phone: 416-305-6525 | Email: serge@agent1.ca
