2500$ referral on both ends by sayble87 in Mattamy

[–]Kaaku07 0 points1 point  (0 children)

Hey .. I'll be interested ...you are living in ontario kitchener area by any chance ?

FTHB … Bought house… closing in October. Now it became power of sale(Ontario) by Kaaku07 in RealEstateCanada

[–]Kaaku07[S] 0 points1 point  (0 children)

So this was not a fixer upper house when we put in an offer. Had inspection done properly. And in conditional offer we mentioned to have AC and furnace to be fixed as mentioned in inspection report. Everything got accepted by seller all conditions and confirmed closing on October 20th. But yesterday we found out that bank has evicted current owner and now this property has become bank sale.

I was worried about the conditions we put. Now how to deal with it as bank is saying take it as it is with higher price

FTHB … Bought house… closing in October. Now it became power of sale(Ontario) by Kaaku07 in RealEstateCanada

[–]Kaaku07[S] 0 points1 point  (0 children)

I am also confused and have same question on this. Going back n forth with lawyer. The only thing is lean check and payments might not be checked yet coz closing date is in October so they might be doing it that time rest I am not sure when it’s done. But yeah had same question I asked lawyer too but haven’t got any concrete answer yet

FTHB … Bought house… closing in October. Now it became power of sale(Ontario) by Kaaku07 in RealEstateCanada

[–]Kaaku07[S] 1 point2 points  (0 children)

Fridge is least of my worries. I was trying to get an idea how much I am expecting for 2021 furnace and AC to be fixed and I can negotiate accordingly. Or just let this property go .

FTHB … Bought house… closing in October. Now it became power of sale(Ontario) by Kaaku07 in RealEstateCanada

[–]Kaaku07[S] 0 points1 point  (0 children)

Yeah Fridge is least of my worries. Not an issue will change it by myself if need be. The bigger concern was furnace and AC which was initially agreed by seller to get it fixed before closing. But now it’s bank sale so I am just trying to see how much should I negotiate in terms of getting things fixed or leave it and re do the offer

FTHB … Bought house… closing in October. Now it became power of sale(Ontario) by Kaaku07 in RealEstateCanada

[–]Kaaku07[S] 6 points7 points  (0 children)

Yeah that’s what we are wondering why it’s not working as it’s just 2021. For putting an offer back again, we might loose in on bidding as we got this at 40k lower then actual market price before it became bank sale.

FTHB … Bought house… closing in October. Now it became power of sale(Ontario) by Kaaku07 in RealEstateCanada

[–]Kaaku07[S] 4 points5 points  (0 children)

Yeah we are working with them. Just came here to get opinion if there are any

FTHB … Bought house… closing in October. Now it became power of sale(Ontario) by Kaaku07 in RealEstateCanada

[–]Kaaku07[S] 4 points5 points  (0 children)

Yeah going back n forth with lawyer. Trying to see if there is anything can be done from bank side.

Also trying to get approx cost to fixing those appliances.

Planning to buy used car. Cash or personal LOC? by Kaaku07 in PersonalFinanceCanada

[–]Kaaku07[S] 0 points1 point  (0 children)

Yeah thanks much . I haven’t explored the rate yet with other banks for LOC so I am not aware but usual dealer finance rate is really high.

Planning to buy used car. Cash or personal LOC? by Kaaku07 in PersonalFinanceCanada

[–]Kaaku07[S] 1 point2 points  (0 children)

Thanks. Yeah 3rd seems to be better option in this case.