In St. John's, Newfoundland and Labrador, most foreclosure projects cost between $50,000 and $300,000 per job, with a typical price near $150,000. Use the range below as a planning guide, then get local quotes.
Typical foreclosure cost
$50,000 – $300,000
per job · typical $150,000
A general planning range, not a quotation.
Foreclosure cost breakdown
- Auction (cash only)$30,000 – $150,000typical $80,000
- Bank-owned (REO)$50,000 – $250,000typical $120,000
- Pre-foreclosure (short sale)$100,000 – $300,000typical $180,000
At a glance
- Typical range$50,000 – $300,000
- Unitper job
- Nearby cities3
What Foreclosures costs
Prices vary by location and condition, with bank-owned or auction properties selling at a discount. However, foreclosures are often sold as-is, and buyers must cover repair costs. Financing can be trickier, and competition from investors is common.
Nearby cities
See Foreclosures costs for all of Newfoundland and Labrador
Frequently asked questions
How much can I save buying a foreclosure?
Typically 10-30% below market value, but you may pay more in repairs and closing costs. A $150,000 foreclosure might need $20,000 in fixes.
What drives foreclosure prices?
Condition, location, stage of foreclosure (auction vs. REO), and market demand. Properties in desirable areas may not be discounted much.
How can I get a good deal on a foreclosure?
Get pre-approved for financing, inspect thoroughly, budget for repairs, and be patient. Consider hiring an agent experienced in foreclosures and avoid overbidding at auctions.