#10259636 - 05/19/22 05:20 PM
Re: dat real estate v.2021
[Re: Hatorade]
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Risk E. Business, esq.
Provides a Great Work Environment.
Post Master Supreme
Registered: 05/17/10
Posts: 46303
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Good luck man, it's a shitshow. I got a firm offer on my Integra GSR Wismer listing last week, we sold firm below market but they came in with a high deposit, firm, no conditions, and 30 day close. We had higher offers, people were putting ridiculous conditions, escape clauses, and 90 day closings lol
Post up what happens after you sell, should be entertaining.
edit: just saw listing, you are in prime shitshow territory, should be ok though lots of demand for that type of place  dis gun b gud
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#10259832 - 05/19/22 09:55 PM
Re: dat real estate v.2021
[Re: Risk E. Business, esq.]
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A2B-Lexus
Post Master Supreme
Registered: 04/19/01
Posts: 45591
Loc: Raptors Land
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sounds like a solid offer. GL!
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#10263722 - 05/26/22 01:10 PM
Re: dat real estate v.2021
[Re: RatZero]
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furball
Post Master Sr
Registered: 09/24/03
Posts: 9572
Loc: Toronto, ON
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Dat ass …. Err dat real estate. https://instagram.com/the.yueyue
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#10263993 - 05/26/22 05:07 PM
Re: dat real estate v.2021
[Re: RatZero]
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Risk E. Business, esq.
Provides a Great Work Environment.
Post Master Supreme
Registered: 05/17/10
Posts: 46303
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Oh my fuck the whole real estate process has changed since the last time we sold a house in 1998, pre internet. Used to be you'd tidy up, and list it.
Had stagers in last week, told us what needed to be dealt with, basically moving all the packrats (wife and son) stuff out. They were back for the froo froo shit, then photos, video, drone shots and some sort of 3d scanning operation of the whole house. Ok boomer, I know.
Listing should be up tomorrow or Friday. Fuck I hope this is over soon. Never again.
Good luck man, timing wise this is probably not the best time to list, we have a rate hike announcement next week and it's likely to be 50bps so it's going to further cool the market.
Hopefully you get some of the old pre approved buyers looking to buy to lock in their old rates. Be ready to do a quick closing. It's a very tough market for sellers right now unless you are in Toronto proper or have some unicorn property.
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#10266663 - 06/01/22 03:06 PM
Re: dat real estate v.2021
[Re: Hatorade]
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Risk E. Business, esq.
Provides a Great Work Environment.
Post Master Supreme
Registered: 05/17/10
Posts: 46303
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Just to update how the sale of the townhouse went. Just sold it for 6% under expectation.
Had the home listed with an offer date about 21% under expectation to drive traffic. Worked great had over 30 showings over 7 days and here's how it went down:
- received preemp on day 2 7% over asking with full conditions LOL
- offer night - 2 offers one was just over asking and the 2nd offer was 10% over. Well below expectation so no deal
- adjusted price following day above expectation for wiggle room
- ZERO showings for a week
- adjusted price again to 6% under expectation with offer presentation
- ZERO showings again LOLOLOLOL
So how did I end up selling it? I insisted on doing open house, my clients were reluctant. When the home first came to market I did an open house the same weekend. 2 sisters came in (1 is an agent). Didn't do open house during long weekend. Did an open house this past weekend and who comes in again... This time it was the non-agent sister with her parents. Hook line and sinker. Told her to have her sister call me. Long story short, the entire family came to see the home over the weekend during the open house. By the way, they were also the ONLY people to come to the open house during the past weekend.
All in all I'm pretty happy with how it went. Clients are not though, but with how fast things keep changing and with the next rake hike just days away I strongly believe this was the right call. Otherwise the already stale listing was just going to sit and we would eventually end up selling for less.
You got horseshoes dude, this is like the best open house to offer ratios evAR lol. Sellers should be grateful they managed to unload (hopefully short close), more pandemonium now from today's 50 bps hike, now they are saying July is already confirmed for another 50 bps. (although somehow I am not that confident, by then we will get data the economy is in the gutter and people are getting crushed from inflation).
Pickering is getting smashed bad, probably one of the worst performers along with Whitby, Brampton, Burlington.
I pulled a bunch of stats covering how bad the situation is here:
https://youtu.be/pcG-rynqBuc
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#10267066 - 06/02/22 07:10 AM
Re: dat real estate v.2021
[Re: Risk E. Business, esq.]
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c2k
Post Master Supreme
Registered: 05/21/00
Posts: 19342
Loc: Wiesloch-Walldorf, Germany
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Just to update how the sale of the townhouse went. Just sold it for 6% under expectation.
Had the home listed with an offer date about 21% under expectation to drive traffic. Worked great had over 30 showings over 7 days and here's how it went down:
- received preemp on day 2 7% over asking with full conditions LOL
- offer night - 2 offers one was just over asking and the 2nd offer was 10% over. Well below expectation so no deal
- adjusted price following day above expectation for wiggle room
- ZERO showings for a week
- adjusted price again to 6% under expectation with offer presentation
- ZERO showings again LOLOLOLOL
So how did I end up selling it? I insisted on doing open house, my clients were reluctant. When the home first came to market I did an open house the same weekend. 2 sisters came in (1 is an agent). Didn't do open house during long weekend. Did an open house this past weekend and who comes in again... This time it was the non-agent sister with her parents. Hook line and sinker. Told her to have her sister call me. Long story short, the entire family came to see the home over the weekend during the open house. By the way, they were also the ONLY people to come to the open house during the past weekend.
All in all I'm pretty happy with how it went. Clients are not though, but with how fast things keep changing and with the next rake hike just days away I strongly believe this was the right call. Otherwise the already stale listing was just going to sit and we would eventually end up selling for less.
You got horseshoes dude, this is like the best open house to offer ratios evAR lol. Sellers should be grateful they managed to unload (hopefully short close), more pandemonium now from today's 50 bps hike, now they are saying July is already confirmed for another 50 bps. (although somehow I am not that confident, by then we will get data the economy is in the gutter and people are getting crushed from inflation). Pickering is getting smashed bad, probably one of the worst performers along with Whitby, Brampton, Burlington. I pulled a bunch of stats covering how bad the situation is here: https://youtu.be/pcG-rynqBuc
That was a great video! What about Hamilton Area? Specifically Dundas / Ancaster / Waterdown / Burlington area?
_________________________
Who cares
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#10270548 - 06/08/22 07:17 PM
Re: dat real estate v.2021
[Re: RatZero]
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Risk E. Business, esq.
Provides a Great Work Environment.
Post Master Supreme
Registered: 05/17/10
Posts: 46303
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Oh my fuck the whole real estate process has changed since the last time we sold a house in 1998, pre internet. Used to be you'd tidy up, and list it.
Had stagers in last week, told us what needed to be dealt with, basically moving all the packrats (wife and son) stuff out. They were back for the froo froo shit, then photos, video, drone shots and some sort of 3d scanning operation of the whole house. Ok boomer, I know.
Listing should be up tomorrow or Friday. Fuck I hope this is over soon. Never again.
Any update on this? Hopefully you were able to sell.
Totally dead right now, although some of my investor clients are starting to wake up again.
https://youtu.be/3Prz9QF6Juk
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#10273208 - 06/13/22 06:51 PM
Re: dat real estate v.2021
[Re: Risk E. Business, esq.]
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RatZero
Post Master Supreme
Registered: 04/28/02
Posts: 11052
Loc: 51st State
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Oh my fuck the whole real estate process has changed since the last time we sold a house in 1998, pre internet. Used to be you'd tidy up, and list it.
Had stagers in last week, told us what needed to be dealt with, basically moving all the packrats (wife and son) stuff out. They were back for the froo froo shit, then photos, video, drone shots and some sort of 3d scanning operation of the whole house. Ok boomer, I know.
Listing should be up tomorrow or Friday. Fuck I hope this is over soon. Never again. Any update on this? Hopefully you were able to sell. Totally dead right now, although some of my investor clients are starting to wake up again. https://youtu.be/3Prz9QF6Juk
Nope no sale yet, still getting showings but I'm pretty pessimistic at the moment, timing is really bad. Actually had the couple selling the place we are buying see it twice, but no offer.
Just had a 6:30 showing request tonight, at 6:05. Hated to deny but damn that's not much lead time.
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#10273378 - 06/14/22 07:23 AM
Re: dat real estate v.2021
[Re: Risk E. Business, esq.]
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RatZero
Post Master Supreme
Registered: 04/28/02
Posts: 11052
Loc: 51st State
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Won't be closing on the new one without the sale of mine, have that as a condition, so I'm willing to let the whole deal fall apart. If my seller were to list today, it wouldn't be at the price they did, ours would be listed lower as well, but I have an agreed upon deal, so only way to not take it up the ass is to not sell for less.
It's still early, only been listed about 3 weeks, so it's waiting time. I've read a bunch of analysis, there are people who will want to secure something before their locked in rates expire, so there's that.
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#10276508 - 06/20/22 10:09 AM
Re: dat real estate v.2021
[Re: Hatorade]
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furball
Post Master Sr
Registered: 09/24/03
Posts: 9572
Loc: Toronto, ON
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#10276892 - 06/21/22 04:56 AM
Re: dat real estate v.2021
[Re: Risk E. Business, esq.]
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Risk E. Business, esq.
Provides a Great Work Environment.
Post Master Supreme
Registered: 05/17/10
Posts: 46303
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#10276943 - 06/21/22 09:18 AM
Re: dat real estate v.2021
[Re: Big Tasty]
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Risk E. Business, esq.
Provides a Great Work Environment.
Post Master Supreme
Registered: 05/17/10
Posts: 46303
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I figured the aventador would be a hit so I had to troll near it as well
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#10278959 - 06/24/22 12:05 PM
Re: dat real estate v.2021
[Re: Risk E. Business, esq.]
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Risk E. Business, esq.
Provides a Great Work Environment.
Post Master Supreme
Registered: 05/17/10
Posts: 46303
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#10279311 - 06/25/22 11:29 AM
Re: dat real estate v.2021
[Re: RatZero]
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Risk E. Business, esq.
Provides a Great Work Environment.
Post Master Supreme
Registered: 05/17/10
Posts: 46303
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I gotta say when you first posted your thread in OT, in my head I was like  the timing was pretty bad.
Everything was tanking at the time with no stopping (it still is, just slower) Good thing you had that condition or you'd be majorly fucked right now like a ton of people getting sued left and right.
You will definitely do better now buying a bigger place at a discount even if you sell yours at a discount, the spread will be smaller.
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