About this episode
In this episode of The Real Estate Podcast, Adrian and Ariel break down the rising trend of power of sale homes hitting the market. They reveal what buyers need to know before jumping on a “bank sale” opportunity — from hidden repair risks and delayed responses to how distressed sales actually work behind the scenes. Plus, they share practical financial advice for homeowners feeling the squeeze of high interest rates and mounting payments.Get your FREE Money-Saving Tips Guide here:https://kormendytrott.com/money-saving-tips/VIDEO SECTIONS & TIMESTAMPS0:00 Intro1:02 The rise of distressed and bank-owned homes2:11 Key differences between traditional and power of salepurchases3:10 What “as-is” really means for buyers4:06 Home inspection risks and lack of warranties5:31 Why many power of sale homes are in rough shape7:02 What buyers should look for in these listings8:19 Buyer expectations vs reality10:10 The risk of owners reclaiming the property before closing11:46 Why you may not get a counteroffer12:22 How lender type (A, B, C) affects the sale13:54 How fair market value rules affect pricing15:13 Advice for struggling homeowners16:01 Refinance, reduce expenses, and face financial reality17:28 KT’s money-saving guide for homeowners18:09 Outro/recapWatch on YouTube:https://youtube.com/kormendytrottListen on Spotify:https://open.spotify.com/show/1pwncyet9NydbgTmx5D21kLinktree:https://linktr.ee/kormendytrottInstagram:https://instagram.com/kormendytrottYouTube:https://youtube.com/kormendytrottFacebook:https://facebook.com/kormendytrottX:https://x.com/kormendytrottLinkedIn:https://linkedin.com/company/ktrealtyTikTok:https://tiktok.com/@kormendytrottThe Kormendy Trott Team was formed in 2011 by Ariel Kormendy and Adrian Trott. Originally a team of two in Milton, Ontario, KT has grown into a full-service real estate group serving Halton Region, Peel Region, and the Greater Toronto Area.
