Is There a Deal in Foreclosures?
Foreclosure listings often get attention because they seem like bargains. And sometimes they are, but the full story is more nuanced.
A foreclosure may be priced lower than comparable homes. But they’re typically sold “as is,” which can mean costly repairs, hidden issues, or a lengthy process. What looks like a deal on paper may not hold up once you factor in time, money, and risk.
The real opportunity lies in approaching foreclosures with eyes wide open:
• Run the numbers carefully
• Budget for repairs and surprises
• Understand the local market
• Work with an experienced professional
A deal isn’t just about the lowest price, it’s about value, stability, and long-term return. With the right guidance, foreclosures can be an opportunity, but they require patience and strategy.
Curious about whether a foreclosure could be the right fit for you? Send us a message, we are happy to share our insights from over 74 combined years in the Toronto real estate market.
The Graff Group Toronto: Icons of Real Estate
Samantha Graff Benmor & Cheryl Graff
Experience. Empathy. Results.
