Exactly, skip the realtor all together. See if the market really cares about them right now and save yourself thousands
Exactly, skip the realtor all together. See if the market really cares about them right now and save yourself thousands
Ultracrepidarian
Robert Price will help ya out @ Bode Canada
Its hot as long as your priced relatively fair, you gotta keep in mind these arent high priced homes so that extra 20-30k is a huge amount to tack onto a home that already is a bit over priced because of this frenzy.This quote is hidden because you are ignoring this member. Show Quote
You could also sell yourself im sure but my neighbor was a realtor 10 years ago and they still used a company called Purple brick to sell their current house so its probably not as easy as it sounds or she was a shitty realtor or combo of both lol
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Reviewing Ontario properties (outside of GTA) right now that are coming in as high as 60% over list... wild times
It's basically the residential RE version of a short squeeze, isn't it?This quote is hidden because you are ignoring this member. Show Quote
People can't sell their homes to upgrade - too expensive, so supply is constrained. Then when something comes on the market it rockets due to s/d dynamics, and the cycle repeats. At least that is how I see it?
Yup, basicallyThis quote is hidden because you are ignoring this member. Show Quote
Ontario is pretty notorious at this point in intentionally listing low, creating an auction type environment, driving up offers. Made possible due to the lack of inventory vs buyers.
But with what I’m seeing on the income side of things, I’m thinking this time it is due to a lot of people being trapped in their current homes due to not being able to qualify for a new loan, so less sales vs a large buying pool, which makes this current RE market even more alarming than our classic Van/TO bubbles.
I don’t think the WFH, GTA exodus is large enough to really cause this sort of action alone. It’s province wide, just getting crazy
So, is now the time to sell all the rentals. Buy back after the bubble bursts? In ON. Look into the crystal ball for meThis quote is hidden because you are ignoring this member. Show Quote
Money is cheap; if RE pops the whole country is fucked, might as well be leveraged to the tits on the way out... at least that was the theme of the deals I saw todayThis quote is hidden because you are ignoring this member. Show Quote
Industry professional... just picked up about $3m in rentals out there
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So slumlords should sell out? Or. Double. Down?
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Being long RE right now is basically being long gov't bailouts of the RE market.
so schrewd. Gotcha.This quote is hidden because you are ignoring this member. Show Quote
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I dont think Calgary RE will crash tbh. House prices have been more or less stagnant for ~6 years so a bump up in price even if its 5-10% isn't really much of a change. Van/Tor is fucked though given they've constantly just gone up and up with no rational. Unfortunately the BoC will likely dictate policy to look after those markets rather than rest of Canada.
How many showings/day is a good number in this market? We decided to price high (listed Friday)
) and have had 5 showings/requests so far. Don’t know if that’s hot or not. I guess all that matters is a good offer!
We're going on the market as early as a week from now. Our block has 1 that's been selling for months, and our other neighbor just posted Friday, posted higher than the one on our block. They're still showing the house today....I think we're gonna price ours low just to get a lineup going and a bidding war. Opposite strategy of what they're doing...This quote is hidden because you are ignoring this member. Show Quote
We're in the <$500K market though, cheapest double front drive homes available and 4.5 yrs old, so should get lots of response, knock on wood.
Something is weird right now...sometimes houses in our neck of the woods have taken a year to sell. One just sold in two weeks at 95% asking, where I thought the asking was way too high.
Van/Tor is "fucked" if you are on the prospective buyer's side. Seems pretty fucking nice to be holding a few properties if its bought back in 2014 or earlier...This quote is hidden because you are ignoring this member. Show Quote
The opportunity cost and profit different if you bought in calgary vs vancouver/toronto in 2014 is huge
Originally posted by beyond_ban
Yo Kanye, ima let you finish, but 50 Cent had the best concert cancellation of all time.
shoulda bought bitcoinThis quote is hidden because you are ignoring this member. Show Quote
Back-testing your investment decisions is not a healthy hobby
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I'd say 5 showings on your place so far is great, especially given the price bracket.This quote is hidden because you are ignoring this member. Show Quote