$780K Power of Sale Detached: Deadly Buyer Mistake to Avoid

Описание: The bank just listed a detached two-story power of sale home in Cambridge for $780,000 — but this deal hides a costly trap for buyers.

Buying a power of sale property means the lender is selling because the owner defaulted. The bank has never lived there, so the home's condition can be a huge unknown. That cozy rec room with the new fireplace? You must verify if it was permitted. Skipping this verification is the single biggest mistake that can cost you tens of thousands.

Here's what you need to know about financing this $780K detached home with current rates and stress tests, plus why your offer must always include a comprehensive home inspection condition. The bank won’t disclose the problems; only a thorough check can protect you from hidden defects.

Whether you’re a first-time buyer or seasoned investor in the GTA, this insider knowledge can save you from regret and unexpected costs. Don't let urgency make you skip these crucial steps.

Planning to buy or sell in Toronto, Mississauga, Milton, or Oakville? The GTA market is tough — arm yourself with expert tips and risks every buyer must know.

Click and learn the deadly buyer mistake on this $780,000 detached power of sale home in Cambridge before it’s too late.

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Looking for must-sell homes including power of sale and price-reduced listings? Visit mustsellhomes.ca or comment below “Must Sell” for expert guidance.

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