Tonight i attended yet another hardwood floor auction. These auctions seem to roll through our city every 3 months and I seem to attend and purchase from every one of them. As a result, i have hauled, stored, and installed several thousand square feet of laminate, floating floor, engineered floor, and hardwood.
Tonight i went looking for some floor to put in my home theatre that i am constructing in my basement. I had been to the carpet store earlier in the week and almost choked when i got a quote for carpet, underpad, and installation. The cost for my room was $1800. So i decided that i would go with a floating floor instead.
The auction is so hit and miss for prices. I watched people buy laminate floor that has a value of 50 cents a square foot and they paid $2 a square foot for it. I watched 3/4 inch hard wood sell for as little at 70 cents a square foot, an amazing deal. Lots of bargains for those who had the means to haul it and store it and who knew their products.
In the end i purchasing 1200 square feet of floating beech flooring for 85 cents a square foot, about a third of the retail price of this type of flooring. I also was fortunate enough buy 400 square feet of another brand of floating floor in a black finish, for only 25 cents a square foot, it was a steal. The only downside to the whole bargain was loading a ton and a half of hardwood flooring into my trailer and bringing it home so i can unload it again tomorrow.
One of these days i will write a guide for people who wish to buy at these auctions and what they should be looking for in product and price.
Robert May is the broker and owner of Rainbow Realty of Lethbridge Alberta. He is also a licensed mortgage associate and financing expert with Canada First Mortgage of Calgary Alberta. He has been in the real estate industry since 1993 and offers full MLS real estate services to Lethbridge and surrounding area, as well as mortgage financing, refinancing/renewals, preapprovals, and home equity financing to Lethbridge and Southern Alberta. He can be found online at www.LethbridgeLoans.com
Robert May is a Realtor, as well as the broker and owner of Rainbow Realty of Lethbridge Alberta . He is also a licensed Lethbridge mortgage broker and financing expert with Canada First Mortgage of Calgary Alberta. He has been in the Lethbridge real estate industry since 1993 and offers full Lethbridge real estate services to Lethbridge and surrounding area, as well as Lethbridge mortgage financing, mortgage refinancing , preapprovals, and Lethbridge loans financing to Lethbridge and Southern Alberta. He can be found online at this link: mortgage broker Lethbridge
Let me share my 16+ years experience in the local Lethbridge real estate and financing market with you! It is the first step towards making a profitable real estate decision.