Category Archives: Strategies

Real Estate auctions in Canada

Real Estate auctions in Canada happen in different ways. One of the powerful way of marketing is real estate auctions in Canada. It is another secret for Canadian professional real estate investors. 

Real estate auctions in Canada are a great way to get a deep Real Estate auctions in Canadadiscount on real estate. There are highly motivated Canadian property owners who sell their properties at auctions due to circumstances. Here are the following Canadian real estate property owners or their representative who market their properties by auctions.

  1. Executors
  2. Retiring / Downsizing
  3.  Health Issue
  4. Owners of over-improved properties
  5. Owners of vacant properties
  6. Owners of multiple properties
  7. Owners who have listed with no result
  8. Farm land
  9. Acreage
  10. Bankruptcies

These real estate auctions in Canada included farmland, condominiums, commercial & industrial properties, as well as private homes.

But, Real estate auctions in Canada do have a catch. The Canadian real estate property may be non-financeable by charter banks of Canada. If the property is non-financeable then the entire purchase price must be paid in cash, plus the buyer’s premium, plus closing costs.

Getting title insurance on the property can be challenge. Real estate auctions in Canada properties are sold as is, where is.

But, putting those aside, buying a Canadian real estate property in Canada in auction can help you reap huge rewards.

For example, an Alberta home worth $3.9 million was sold for $1.7 million. That’s less than half of the houses original value. The same thing happened with a house down the street, where a $2.9 million mansion was sold at a 62% discount.

A Victoria mansion was attracting 2,000 people for tours of the home and despite that only one bidder came forward. The price for the mansion was negotiated in private, but it is very likely the bidder got a very good deal.

A mansion at 40 Park Lane Circle, worth $23 million, was more than 21,000 square feet drew a lot of bids before selling for a bargain price of $13.4 million

If you haven’t notice by now, there is a trend between auctions and good deals on properties, and that’s why they’re such a good place to get deep discounted real estate.

List of upcoming Real Estate Auctions in Canada

Would you like to receive a list of upcoming Canadian real estate auction properties? Please fill up the following form and reconfirm your email. Also add preigCanada@gmail.com in your address book.

First Name*
Email*
Canadian Cell Phone*

You may be wondering “why would anyone sell their home at an auction” but there is a good reason why?

In Real estate auctions in Canada, the Canadian property seller sets all of the sale terms, to the deposit amount and close date, all viewing dates are pre-set, and all offers are firm without any conditions. Canadian real estate auction allows a lot more control to the seller which some people value.

Canadian municipal tax sale properties are also sold at auctions, and often are very promising. A Markham home was worth $650,000 and sold for $350,000, a great deal.

Canadian real estate investors need to learn different stratgies, techniques and know how by attending Canadian real estate investors apprenticeship as well as eye witness LIVE training in real life.

Auctions can be beneficial to Canadian real estate investors and the seller. The buyer gets a great deal on the property while the Canadian property seller gets control and has the property sold.

Top 10 Lethal Mistakes Made By Real Estate Investors

Top 10 Lethal Mistakes Made By Real Estate Investors

Top 10 Lethal Mistakes Made By Real Estate Investors:

Canadian real estate investors intend to make very expensive mistakes. The number one cause is a lack of real life knowledge or expertise on Canadian real estate investment from a coach with proven experience. These common mistakes real estate investors make require a lot more than training and coaching to avoid. This article will help you avoid these errors to help you maximize your investment. Following are the Top 10 Lethal Mistakes Made By Real Estate Investors:

Continue reading Top 10 Lethal Mistakes Made By Real Estate Investors

Flipping Houses with Assignment Clauses – Part 4 of 4

Flipping Houses with Assignment Clauses – Part 4 of 4

Principal Residence Exemption, Business Income and Capital Gains

Flipping Houses with Assignment Clauses – Part 4 of 4

If you want to flip houses with assignment clauses for a profit, take a careful look at the criteria the Canada Revenue Agency (CRA) will consider when taxing you. If possible, structure your purchase so that you’ll receive capital gains treatment, and perhaps even the principal residence exemption.

Continue reading Flipping Houses with Assignment Clauses – Part 4 of 4

Flipping Houses with Assignment Clauses – Part 3 of 4

Flipping Houses with Assignment Clauses – Part 3 of 4

Flipping Houses with Assignment Clauses – Part 3 of 4:

Role of a Realtor

Role of a realtorRealtors who are asked to represent an assignor (original buyer) or assignee (ultimate buyer) pursuant to a Contract of Purchase and Sale should, as a minimum, ensure that:

1. The assignor has the right to assign and the assignee has the right to receive a valid assignment by referring to the original contract.

Continue reading Flipping Houses with Assignment Clauses – Part 3 of 4

Flipping Houses with Assignment Clauses – Part 2 of 4

Flipping Houses with Assignment Clauses – Part 2 of 4

Flipping Houses with Assignment Clauses – Part 2 of 4:

Flipping houses with assignments clauses must be used carefully to take advantage.

Flipping houses with assignment clauses

Continue reading Flipping Houses with Assignment Clauses – Part 2 of 4

Flipping Houses with Assignment Clauses – Part 1 of 4

Flipping Houses with Assignment Clauses – Part 1 of 4

Flipping houses with Assignment clausesFlipping Houses with Assignment Clauses – Part 1 of 4

Flipping houses with assignment clauses are commonly used by Canadian professional real estate investors because it gives them an advantage to sell the property before closing. One needs to understand thoroughly the legal aspect of it. Due to the complexity of Flipping houses with assignment clauses, one must learn from real estate investment experts as well as seeking a legal opinion in writing to protect you.

Continue reading Flipping Houses with Assignment Clauses – Part 1 of 4

The Importance of Home Inspection

The Importance of Home Inspection

The Importance of Home Inspection:

As many of you know we have been in a Sellers’ market for a couple of years now. In multiple offer situations some buyers elect to purchase a home without getting a home inspection. Or they rely on some abridged version provided by the Sellers. Often there is sufficient time for the buyer to do their own inspection in advance of the offer date. It may be a shame to do an inspection on a property that you will not own, but that is better than buying a place without  knowing for sure that there aren’t any major deficiencies.

You cannot rely solely on how nice a place appears to have been renovated. It’s the stuff that you  don’t see that should be a concern. 

Continue reading The Importance of Home Inspection

Jingle mail Alberta, Canada

Jingle mail Alberta, Canada

 
Jingle mail Alberta, CanadaJingle mail Alberta, Canada is a phenomenon where home owners are moving away from their mortgages by putting their keys in the mailbox and sending it back to the bank or the lender in Alberta, Canada. This is due to a combination of both high debt and lost jobs. Professional real estate investors group (PREIG) Canada’s members know how to help fellow Alberta homeowners who are going through very difficult times. The Alberta properties that are either underwater or where the homeowners are unable to make mortgage payments, they have several options.

Continue reading Jingle mail Alberta, Canada