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16 Dec

Power of Sale for Sale Barrie

General

Posted by: Darick Battaglia

Why is a Home listed under power of Sale generally priced lower than homes of comparable status.

Generally because the home is sold without warranty and Appraisers will account for this risk when setting a value for the Bank.   Often times this discount is larger in rural areas as the septic and well can account for a potential large expense to the new buyer.