This amazing house is located 10 minutes drive to Charlottetown and 10 minutes to the north shore dunes! 3 floors of living space. ICF construction makes this home extremely energy efficient. Features a big modern kitchen with quartz countertop and top quality stainless steel appliances including fridge, double wall ovens, ceramic cook top, quiet series dishwasher, double wide fridge and wine cooler. The living room is an A frame design with cascading open design with a wall of windows and a raised deck overlooking the very private 0.9 acre lot with trees and a stream. The master bedroom is on the 3rd floor complete with en-suite and walk in closet. Second level also includes 3 large bedrooms and main bath. the main level has a large rec room and 3rd bath plus a huge 2 car garage, storage and utilities area. Lease is $2,500. per month and could be furnished as well. Asking price for sale is $429,00.00. Contact Greg Lipton for more information.]]>
Expect substantial repairs with any foreclosure purchase.
If you’ve decided that foreclosures are right for you, here are some simple tips to ensure that you get the right deal and don’t risk over-leveraging yourself.
Work out a budget
Map out your current financial assets and liabilities. Factor in recreation, savings, and other planned expenses, plus enough of a cushion to give you some security. The remainder is your available budget. Remember that even after the sale, a foreclosure will cost money before making it. You should expect repairs before the home is livable, followed by a period of vacancy while you shop the home to buyers or renters.
Line up financing
Foreclosures move fast–very fast. In some cases, a few minutes can make the difference between buying the house of your dreams. Now that you know what you can spend, you need to have a bank’s permission to spend it. Cash is king, but pre-approved financing is pretty close, and just the process of applying for financing will provide a good gut check of your budget estimates from step 1.
Bring an expert
The buying process for many foreclosed homes–particularly those being auctioned–leaves little time for individual inspection. Bring a licensed inspector with foreclosure experience. There’s no replacement for a proper inspection, but expert eyes can spot the biggest, most expensive issues up front and help you incorporate that feedback into your bid. Be sure to keep a running tally of repair costs and deduct that amount from your budget. You don’t want to bite off too much.
Once bidding begins, it’s easy to lose your head. The market is full of foreclosures. If you miss this one, you’ll get the next, or one of the dozens after that. Stick to a sane bid in a range you can afford and eventually, you’ll find the right house at the right price.
From The Blue Ocean Family to your Family,
May you have a fantastic holiday this season and may the new year bring you Health, Happiness, and Good Fortune
The event was a huge success. I was part of a panel of REALTORS! One from Vancouver, One from Toronto and then of course myself. We were presenting why move to our particular region. I must have done well because, the next day I spoke to 27 different families, all interested in getting more information about PEI! The first of these families arrive the end of this month!
This 4+ bedroom 3 bath home is ideal for a growing family. All nice size bedrooms plus 2 main floor rooms that would be perfect for an in-law suite or home office! This is the perfect opportunity to view this lovely home and discover how peaceful and private this 1/2 acre property truly is. Only a five minute drive to the Hillsborough bridge and shopping this property is truly one of a kind!
Don’t forget to sign in for a chance to win a 40″ flat screen TV!
Don’t miss this chance to view a truly one-of-a-kind property. Located 10 minutes to the Charlottetown Mall, this lovely 4 bedroom, 2 bath updated older home is ideal to raise your family. Check it out from 2pm to 4pm and don’t forget to sign in for your chance to win a 40″ Flat Screen TV!