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#8452596 - 11/24/15 08:17 AM So ummm, sell house now or in Jan?
Big Tasty Offline
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Registered: 02/10/02
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Loc: Toronto
Yes we signed on a new place (happy dance). It got me pretty much everything I wanted on my wish list but will need some cosmetic work on the inside. Removal of wallpaper, painting, new kitchen cabinets, removal of ugly tile and linoleum, appliances (not really needed except for dishwasher but might as well have it looking good from the start).

It's a 4+1 bdrm with all 4 on the same floor (not an easy find in decent priced houses), 3 full baths with one as an ensuite, finished basement and 2 car garage and in a good school area.

Now being in this time of the year we are debating on putting the house up in a few weeks or wait til new year. I believe our place will sell well, there is nothing in a 3 bdrm in my area at the price we are thinking of selling, it's a good sized place and well kept.

Selling now:
- Pro: Gets it done and over with, financing is secured and we can go into the new place with no issues or at least time to fix any problems.
- Con: Right smack in Christmas season, smaller buyer population

Selling later:
- Pro: Getting in at the new year market, good chance of bidding war and more money
- Con: Close to closing on the new place, always the chance it doesn't sell quick or interest rates go up.

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#8452599 - 11/24/15 08:21 AM Re: So ummm, sell house now or in Jan? [Re: Big Tasty]
Choco 'Nuck Offline
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Not sure how many people want to move in December during Christmas. PM me the deets on the new location
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#8452600 - 11/24/15 08:22 AM Re: So ummm, sell house now or in Jan? [Re: Big Tasty]
Screamin Type ARGH! Offline
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congrats man, enjoy it. do all the work to your new place asap because i find once moved in/settled/etc it's wayyyy more headache to do later on (unless you cant afford it now/all at once of course).

i'd say just sell your place now, even with it being "quieter" re. buyer potential...the market is still overly-retarded re. over-asking and selling so you'll still win out. remember, there are way less places going to market now-march...but still a shitload of ppl wanting to buy...so therefore you'll have less competition to sell, and they'll have less selection, so you still win. ideally it'd have been best to sell may-oct but whatever, can't control everything right.
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#8452603 - 11/24/15 08:24 AM Re: So ummm, sell house now or in Jan? [Re: Choco 'Nuck]
Big Tasty Offline
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 Originally Posted By: Chocolate Canuck
Not sure how many people want to move in December during Christmas. PM me the deets on the new location


Not moving but looking and willing to sign now. Move would not be until the new year with a minimum 30 day closing.

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#8452610 - 11/24/15 08:33 AM Re: So ummm, sell house now or in Jan? [Re: Big Tasty]
4Three Offline
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List it now. Some off shore money will buy it for their kids as a stocking stuffer.
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#8452616 - 11/24/15 08:37 AM Re: So ummm, sell house now or in Jan? [Re: 4Three]
Choco 'Nuck Offline
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 Originally Posted By: 4Three
List it now. Some off shore money will buy it for their kids as a stocking stuffer.

Your uncle for your cousin?

Dat azn money

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#8452631 - 11/24/15 08:43 AM Re: So ummm, sell house now or in Jan? [Re: 4Three]
Senor Eduardo_82 Offline
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As long as you're able to accomodate the viewings during this season, I'd say list it now.

If you're lucky you'll get a quick offer.

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#8452676 - 11/24/15 09:14 AM Re: So ummm, sell house now or in Jan? [Re: Senor Eduardo_82]
Hatorade Offline
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Registered: 11/05/99
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I say list it after. As a buyer I also look at how long the house has been listed. I will low ball the fuck out of you if it's been listed for 2 weeks+ in a high demand area.

If I remember right we bought our place at the end of November and no one put an offer on it except us. Seller was playing stupid games and we walked. 1 week later he reached out to us to put an offer again and the rest is history.
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I thought Spark was a robot from the old movie and I kind of remember seeing him telling some engineer showing the equation for a clear metal that the guy would event years later - porschetr

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#8452688 - 11/24/15 09:24 AM Re: So ummm, sell house now or in Jan? [Re: Hatorade]
Big Tasty Offline
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Loc: Toronto
Between Pape and Warden, there are only 3 listings for a real 3bdrm (not 2+1) house in our price range currently listed.

I also have to think, what if the markets crash in the new year, recession announce or interest rates go up.

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#8452702 - 11/24/15 09:32 AM Re: So ummm, sell house now or in Jan? [Re: Hatorade]
SuPeR-MaRiO Offline
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 Originally Posted By: Hatorade
I say list it after. As a buyer I also look at how long the house has been listed. I will low ball the fuck out of you if it's been listed for 2 weeks+ in a high demand area.

In my experience this doesn't mean anything. I have seen houses in high demand areas not sell right away (ie within the first week) and sit there for over a month. They ALWAYS sell for asking (possibly $5k less), unless there is something unappealing about the house. Sometimes its just timing. Lowballing a house because it has been sitting doesn't seem to work anymore, at least not in high demand areas.

OP which area did you buy in?

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#8452770 - 11/24/15 10:13 AM Re: So ummm, sell house now or in Jan? [Re: SuPeR-MaRiO]
xza8 Offline
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Registered: 12/18/09
Posts: 1065
Sell later if you can afford it.

However, exceptions apply.

I sold my overpriced townhouse in the winter within 1 day of listing.

I also bought my overpriced detached in the winter and the seller refused to budge.

It's hard to predict as the market largely depends on foreign buyers and if they just so happen to be visiting family during winter, you may be luck out.

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#8453032 - 11/24/15 12:55 PM Re: So ummm, sell house now or in Jan? [Re: xza8]
OracerO Offline
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If you can afford the wait, list it later.
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#8453058 - 11/24/15 01:14 PM Re: So ummm, sell house now or in Jan? [Re: OracerO]
JEFFOS Offline
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 Originally Posted By: OracerO
If you can afford the wait, list it later.

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#8453199 - 11/24/15 02:40 PM Re: So ummm, sell house now or in Jan? [Re: JEFFOS]
titty sprinkles Offline
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congrats on the new place man
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#8454126 - 11/25/15 10:38 AM Re: So ummm, sell house now or in Jan? [Re: Big Tasty]
Just A Troll Offline
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 Originally Posted By: Big Tasty

Selling later:
- Pro: Getting in at the new year market, good chance of bidding war and more money
- Con: Close to closing on the new place, always the chance it doesn't sell quick or interest rates go up.


Buyer population is REALLY small in the winter months. Most are still paying off x-mas credit card debt. People don't want to visit houses in ankle deep snow and so on.

You're better off selling now. Jan is a far worse month! if you don't sell before x-mas, you'd better wait until April.
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#8454819 - 11/25/15 03:23 PM Re: So ummm, sell house now or in Jan? [Re: Just A Troll]
OracerO Offline
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 Originally Posted By: Just A Troll
 Originally Posted By: Big Tasty

Selling later:
- Pro: Getting in at the new year market, good chance of bidding war and more money
- Con: Close to closing on the new place, always the chance it doesn't sell quick or interest rates go up.


Buyer population is REALLY small in the winter months. Most are still paying off x-mas credit card debt. People don't want to visit houses in ankle deep snow and so on.

You're better off selling now. Jan is a far worse month! if you don't sell before x-mas, you'd better wait until April.


Well the real estate market picks back up from vacay starting Jan, but it is slow.

The spring season is the hottest market. (Spring and Fall).

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#8473849 - 12/11/15 12:09 PM Re: So ummm, sell house now or in Jan? [Re: OracerO]
Big Tasty Offline
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Loc: Toronto
Rolled the dice and it paid off. House was sold within 8 hours of the sign going up. Two bidders and a very happy Big Tasty! No conditions and a closing 4 days after my new place.

Shout out to Roger for jumping in when my realtor wasn't being flexible. He's the man!

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#8473851 - 12/11/15 12:12 PM Re: So ummm, sell house now or in Jan? [Re: Big Tasty]
LNXGUY Moderator Offline
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Sweeeeeet! Congrats man! One less headache to deal with.
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#8473857 - 12/11/15 12:14 PM Re: So ummm, sell house now or in Jan? [Re: Big Tasty]
Screamin Type ARGH! Offline
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 Originally Posted By: Big Tasty
Rolled the dice and it paid off. House was sold within 8 hours of the sign going up. Two bidders and a very happy Big Tasty! No conditions and a closing 4 days after my new place.

Shout out to Roger for jumping in when my realtor wasn't being flexible. He's the man!


lol so that was your place eh? good to hear, congrats. as some of us mentioned above good to just sell now and it's one less headache.
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#8473858 - 12/11/15 12:14 PM Re: So ummm, sell house now or in Jan? [Re: Big Tasty]
Senor Eduardo_82 Offline
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8 hours? Damn son!
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#8473859 - 12/11/15 12:15 PM Re: So ummm, sell house now or in Jan? [Re: Senor Eduardo_82]
Screamin Type ARGH! Offline
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 Originally Posted By: eddie _4u2nv
8 hours? Damn son!


dem mainlanders don't fuck around>?
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#8473861 - 12/11/15 12:16 PM Re: So ummm, sell house now or in Jan? [Re: Senor Eduardo_82]
Euphoricuck Offline
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Congrats. Good idea to get rid of it
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#8473911 - 12/11/15 12:48 PM Re: So ummm, sell house now or in Jan? [Re: Screamin Type ARGH!]
Senor Eduardo_82 Offline
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Registered: 01/09/03
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 Originally Posted By: Screamin DC2R
 Originally Posted By: eddie _4u2nv
8 hours? Damn son!


dem mainlanders don't fuck around>?
They were probably around the corner buying another place. That's how long it to them to drive to Tasty's place.

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#8473968 - 12/11/15 01:17 PM Re: So ummm, sell house now or in Jan? [Re: Senor Eduardo_82]
Hatorade Offline
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Registered: 11/05/99
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8 hours lol
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I thought Spark was a robot from the old movie and I kind of remember seeing him telling some engineer showing the equation for a clear metal that the guy would event years later - porschetr

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#8474101 - 12/11/15 02:23 PM Re: So ummm, sell house now or in Jan? [Re: Hatorade]
titty sprinkles Offline
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holy shit lol 8 hours
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#8474159 - 12/11/15 02:50 PM Re: So ummm, sell house now or in Jan? [Re: titty sprinkles]
SuPeR-MaRiO Offline
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OP: were you holding back offers?
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#8474168 - 12/11/15 02:53 PM Re: So ummm, sell house now or in Jan? [Re: SuPeR-MaRiO]
Choco 'Nuck Offline
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wow....
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#8474197 - 12/11/15 03:12 PM Re: So ummm, sell house now or in Jan? [Re: Choco 'Nuck]
TheRealCSnapper Moderator Offline
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Registered: 12/05/02
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i think it's pretty normal for Toronto....a few couples I know sold their townhouses in Liberty Village and that area in under 12 hours.
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#8474207 - 12/11/15 03:17 PM Re: So ummm, sell house now or in Jan? [Re: SuPeR-MaRiO]
Big Tasty Offline
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 Originally Posted By: SuPeR-MaRiO
OP: were you holding back offers?


Nope guy came in late afternoon then came back with wife in the evening. They put in an offer then another couple came in just after and gave an offer too.

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#8474292 - 12/11/15 04:02 PM Re: So ummm, sell house now or in Jan? [Re: Big Tasty]
titty sprinkles Offline
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should have held out and gotten that em tree
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#8474562 - 12/11/15 08:14 PM Re: So ummm, sell house now or in Jan? [Re: titty sprinkles]
SW20_MR2 Offline
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Yep, in today's market, gotta set an offer date.
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#8474576 - 12/11/15 08:32 PM Re: So ummm, sell house now or in Jan? [Re: Big Tasty]
hyper-s2k Offline
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 Originally Posted By: Big Tasty
Rolled the dice and it paid off. House was sold within 8 hours of the sign going up. Two bidders and a very happy Big Tasty! No conditions and a closing 4 days after my new place.

Shout out to Roger for jumping in when my realtor wasn't being flexible. He's the man!


That explains his FB status. lol.

People take longer to sell car parts on CSI than this. well played.
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#8474848 - 12/12/15 05:10 AM Re: So ummm, sell house now or in Jan? [Re: SW20_MR2]
SharpSpoon Offline
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Registered: 11/29/04
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 Originally Posted By: SW20_MR2
Yep, in today's market, gotta set an offer date.


Yup. It is cray right now. Buddy bid $100k over ask, which was $80j over the highest comp in the area. They rejected, went to an offer date two days later and sold it for $10k more than his offer.

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#8474910 - 12/12/15 08:57 AM Re: So ummm, sell house now or in Jan? [Re: SharpSpoon]
Hatorade Offline
pheggit
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Registered: 11/05/99
Posts: 26894
Loc: Toronto, ON
Only cray in certain areas. For the most part shit isn't this cray in T.O. or GTA, except in high demand areas.
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'07 997.1 GT3
'08 E90 M3
'11 E90 d
'02 Rota Grid - 195-55-16FR (RIP)
'04 Volk GTC - 245-35-19F/275-35-19R (Sold to a farm boi)
I thought Spark was a robot from the old movie and I kind of remember seeing him telling some engineer showing the equation for a clear metal that the guy would event years later - porschetr

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#8475650 - 12/13/15 09:36 AM Re: So ummm, sell house now or in Jan? [Re: Hatorade]
c2k Moderator Offline
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congraz dude. how much over did you sell it for?
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