Foreclosure Sale Opportunity
Been thinking about buying a ski condo at Big White? Now’s your chance to get a one-of-a-kind luxury condo in one of the resorts most sought after buildings for a good price. HSBC is in foreclosure proceedings with an owner of a penthouse in The Raven. While this is undoubtedly unfortunate for someone; this could be the perfect opportunity for you. Big White foreclosures don’t come around often. Up for sale is a beautifully finished 4-bedroom, 3-bathroom, top floor condo residence sprawling across more than 2,100 square feet of living space. The open concept layout, vaulted ceiling, and oversized windows letting in an abundance of light, make this ski chalet feel huge, bright, and cheery! You’ll have plenty of space to host the entire family for Christmas or throw the most smashing New Year’s party ever! This luxurious home feature a large living room, games room, and even a study area for those times when you have to send a few emails before hitting the slopes. There are also two decks for when you just haven’t had enough outdoors.
For Sale
Address: #404 - 5030 Snowbird Way
Building: The Raven
Neighbourhood: Happy Valley
Bedrooms: 4
Bathrooms: 3
Living Space: 2,129 sq.ft.
Advertised Price: CDN $617,900
About The Raven
The Raven is one of the most sought after condo buildings at Big White. In fact, it was the building with the highest number of sales in the third quarter of 2019. Perfectly situated just above Happy Valley day lodge, it’s a ski-in / ski-out luxury condo building offering some great amenities and ski chalet homes within with breathtaking views of the Monashee mountains. Condo residences in the building have with high end finishings like granite countertops, wood cabinetry, in-floor radiant heating, and more. When you live at The Raven you get access to the building’s indoor swimming pool, fitness centre, and your own private ski/snowboard locker.
Foreclosure Purchase Process
It’s quite similar to a normal home purchase with just a few twists. First and foremost, any sales agreement entered into by the seller and the purchaser is subject to court approval. This means that even if you’ve done your due diligence such as having a home inspection done, reviewing strata bylaws, and arranging your financing, the deal is not final until it’s been approved by the court. During the court proceedings there will typically be an opportunity for other interested parties to also submit bids by way of their own sales agreements. Typically, the court will approve a sale of the subject property to the highest bidder in what essentially becomes a sealed but auction (although this is not always the case).