Will Your Condo Even Sell In This Market???
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- čas přidán 25. 06. 2024
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People need to pay attention. These real estate agents are sales people that’s all they’re trying to sell you something he’s trying to sell you this condo and say you can rent out a room without a window. The place is a box.
It will sell as long as you price it correctly. Sellers are still delusional. Prices only go up 😂
Funny how 2 years ago a tiny studio worth $699,999 was a bargain 😂 time to wake up
Good presentation, but price is too high at 600k+. Given the building occupants and location, this unit is strictly for investment purposes. Parking is also not included.
Assuming rent of 2100 per month less property taxes, insurance, and main fees of 600 per month (208 + 35 + 357), that leaves 1500 per month for mortgage payments. At 4.6% 5 year fixed with a 30 year amortization, that means a 300k mortgage, which implies a 375-400k purchase price, perhaps stretching to 450k depending on your assumptions on rent.
The unit is priced at $40K more than the same unit 3 floors higher sold a month ago. So, if the last unit (on 48th floor) sold for $595K, this unit should not sell for more than $595K - 3x$2K/floor = $589K. That is if you like the unit ... 1bed+den for less than 600sq.feet.
Tech tip. Think about getting into car detailing.
You have no idea how far this is going to collapse.
😂
The muppet boiler room flipping market is done! Enjoy bagholders😂
Bubble crash
What mls do you use. Matrix or Realm?
I like your car. 😉 What car is it?
Your last strategy (bonus for a buyer's agent) would be a big no for me (as a buyer). Instead of offering a bonus to a buyer's agent, you should be offering a discount to a buyer. 😉
I picked up 3 in the last 90 days at a good valuation and I thank the overvalued sales of 2021, sincerely.
Nice! 👏🏻
I am sure you have.
you actually spent $3 .. lol ?? thats my budget looking for $1 listings lol
👌🏾 great presentation
This is nuts the buyers make the decision not the agent offer 3%commission then it dosent work in any market
The buyer definitely makes the decision which is why it still needs to look good and be priced right. The extra commission is for a little extra nudge from the agent. Doesn’t work with every agent but if we get 20 or 30 showings someone will go for it and I’ve definitely noticed it work well over the years
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Good things are coming in Canada.
International students peaked.
Temporary workers and residents peaked.
Home prices peaked.
Rent prices peaked.
Mortgage rates peaked.
We are on the right track. 100%.
I know very well what am I talking here.
I am posting daily updates about Canadian real estate market, especially in Ontario, based on true facts and experience.
#Canada #Realestate #Realtor #CristianEnache #Ontario
Am still not seeing $1 listings .. lol things must be pretty good in the condo mkts lol