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  1. #501
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    Quote Originally Posted by jwslam View Post
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    Currently "sold" unless some shit goes down between now and possession day.
    Financing and home inspection cleared.

    2 days in, when I made a decision.
    25 showings. 5 offers. 2 for list, 2 for 10 over, and one for 30 over - long story, seemed sketchy on paper, but ultimately the offer I accepted.

    It's crazy out there boys.
    Paper hands. When its hot like this, it will still have a good stretch of potential.
    Originally posted by beyond_ban
    Yo Kanye, ima let you finish, but 50 Cent had the best concert cancellation of all time.

  2. #502
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    Fuck I wish people would buy condos

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    Quote Originally Posted by dirtsniffer View Post
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    Fuck I wish people would buy condos
    Would you buy a condo today?
    Quote Originally Posted by Tik-Tok View Post
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    I'd be lying if I said I didn't disagree.
    Quote Originally Posted by suntan View Post
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    His name isn't NICEramos.

  4. #504
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    Quote Originally Posted by Power_Of_Rotary View Post
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    Paper hands. When its hot like this, it will still have a good stretch of potential.
    Only a very small segment of the market is warm. Lots of wannabe's though. My niece is a realtor. Has conditionally sold one property 9 times!! Lots of folks have bigger dreams or ambitions then they can afford and banks aren't always willing to makes deals go through like the halcyon days of yesteryear.

  5. #505
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    Quote Originally Posted by blueToy View Post
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    Only a very small segment of the market is warm. Lots of wannabe's though. My niece is a realtor. Has conditionally sold one property 9 times!! Lots of folks have bigger dreams or ambitions then they can afford and banks aren't always willing to makes deals go through like the halcyon days of yesteryear.
    Unfortunate part of day 1 offers is not much time to do due diligence and/or think about it. Make offer -> get the conditional acceptance -> then debate if you want it. Wouldn't surprise me if people are doing this. That and regretting going over asking once they win.
    Nolan

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    Quote Originally Posted by ExtraSlow View Post
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    Would you buy a condo today?
    If they'd fucking get that new arena and district done by 2024, I can see more buyers for DINKS (and no dogs) in DT.

  7. #507
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    The condo fees these days are atrocious.

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    Quote Originally Posted by pheoxs View Post
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    Unfortunate part of day 1 offers is not much time to do due diligence and/or think about it. Make offer -> get the conditional acceptance -> then debate if you want it. Wouldn't surprise me if people are doing this. That and regretting going over asking once they win.
    We just sold our cookie cutter in Airdrie...4th couple that came the next afternoon after listing, we took their offer, 97% of our inflated asking price, they didn't end up giving us the deposit (over a week later after one extension given) so we went with the 2nd people that came thru, same offer. Conditions were just signed off this past week....I figure though, if it falls thru, I'll keep their deposit and we can likely (knock on wood) sell for the same amount June 1 when it sale finalizes.

    Interestingly, the other 2 couples put in offers, but they were complete lowballs, we got 487, they were trying to tell us the house is only worth 460-ish....

  9. #509
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    If you have a conditional offer and someone else makes an offer csn you tell the first guy to waive all conditions or go away.

  10. #510
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    Condos rise last. This is the case for any market. Once house prices are higher than most peoples buying power. Similar to Vancouver, average new build condos going for 800k (with bidding wars too).

    You guys can hold my post on the paperhands. I stand by my view that this bull market is just starting, especially for Calgary.
    Originally posted by beyond_ban
    Yo Kanye, ima let you finish, but 50 Cent had the best concert cancellation of all time.

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    Quote Originally Posted by Power_Of_Rotary View Post
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    Condos rise last. This is the case for any market. Once house prices are higher than most peoples buying power. Similar to Vancouver, average new build condos going for 800k (with bidding wars too).

    You guys can hold my post on the paperhands. I stand by my view that this bull market is just starting, especially for Calgary.
    Depends what time horizon though. Look at all the cookie cutter DT condos. Unless something revitalizes the core in the next 10-15 years, prices will stay stagnant IMO.

  12. #512
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    Quote Originally Posted by Disoblige View Post
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    Depends what time horizon though. Look at all the cookie cutter DT condos. Unless something revitalizes the core in the next 10-15 years, prices will stay stagnant IMO.
    Yea. No question condos are not attractive. But naturally condos go up marginally when houses are booming hot.

    I dont see another organic reasons for condos to increase.
    Originally posted by beyond_ban
    Yo Kanye, ima let you finish, but 50 Cent had the best concert cancellation of all time.

  13. #513
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    I'd sooner dump my money into an REIT than buy a condo right now.
    I can eat more hot wings than you.

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    Quote Originally Posted by CompletelyNumb View Post
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    I'd sooner dump my money into an REIT than buy a condo right now.
    Commercial REIT is not crazy. CHP or REI or something.
    Quote Originally Posted by Tik-Tok View Post
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    I'd be lying if I said I didn't disagree.
    Quote Originally Posted by suntan View Post
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    His name isn't NICEramos.

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    Listing my townhome this week, not expecting an easy sell.

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    Quote Originally Posted by Twin_Cam_Turbo View Post
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    Listing my townhome this week, not expecting an easy sell.
    Keep us posted. There haven't been any sales in my rental's 70-unit complex this year so i don't have very many reference points.

  17. #517
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    How is the Commercial Restate market right now for non-downtown offices?

    My company might be looking to move from a small office to one with a small loading bay. Contemplating if it's a better idea to buy then rent it back to company or just keep renting. We haven't moved in 5 years and never looked at commercial office valuation so I have no idea what's the trend at the moment.

  18. #518
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    Quote Originally Posted by blueToy View Post
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    Only a very small segment of the market is warm. Lots of wannabe's though. My niece is a realtor. Has conditionally sold one property 9 times!! Lots of folks have bigger dreams or ambitions then they can afford and banks aren't always willing to makes deals go through like the halcyon days of yesteryear.
    This!

    On a side note I think a lot of people have the market mixed up, talked to some friends and clients and a lot seem to think the market for starter homes has risen and the homes in the 550-700k have plummeted but i dont really see this from the listings.
    Quote Originally Posted by Mitsu3000gt View Post
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    and I did not have the only say in the matter (most people just want it done ASAP and don't care about quality).
    Quote Originally Posted by Mitsu3000gt View Post
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    If anything we made a better decision because we had a consensus and were all on the same page.

  19. #519
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    Some useless pointless stats for detached homes
    2019 total sales: 9,898
    2020 total sales: 9,949
    2021 YTD: 4,868

    So we're about 2-3 days away from having half the number of sales in 2019 or 2020 despite it still being April. Absolutely crazy.

    Also days on market keeps creeping down. 24 for April so far; March was 29; last March was 47; 2020 overall was 50; 2019 overall was 54. So things are definitely still moving quickly.
    Nolan

  20. #520
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    Quote Originally Posted by Rocket1k78 View Post
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    This!

    On a side note I think a lot of people have the market mixed up, talked to some friends and clients and a lot seem to think the market for starter homes has risen and the homes in the 550-700k have plummeted but i dont really see this from the listings.
    I don't think that's accurate. I think everything detached <$700k has ramped up. Anecdotal, but my community is in that 550-700 bracket and everything with a FS sign on the lawn in the last month had crazy showings the first couple days listed, and sold shortly after (our neighbor listed and sat for months last year at ~600, and sold with the same asking price in a couple days this year).
    Last edited by cjblair; 04-19-2021 at 12:49 PM.

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