On May 3, 2021 at 22:20, Trunk-Slammer -Supreme said...
The overly hot market is one reason to get the house ready now.
There are usually many ouses for sale in the neighborhood, but now there is one, as the only other one sold last week. That one was listed at $289,000 and sold for $339,000 in three days (27 offers). I saw pics and it was not only smaller, it was very dated...
Crossing my fingers for a bidding war and a fast close.
The only bad part is trying to figure out what to do with all this stuff....
I wish we had housing prices that low around here. $289 is a bit higher than I bought my house back in 2012, sold it 5 years later just before the boom.
The housing market is crazy right now but there is a LOT of shady agents causing this. Agents are undervaluing the house, hoping for a bidding war and if the purchasers don't reach what the sellers actually want they cancel the deal. A house was listed at 450, caused a bidding war with many people and the final offer was over $600, the sellers wanted $700 so they rejected all the bids. Selling agents informing buyers of other offers telling them they need to offer more (100% illegal in Canada) and this is sometimes false, just the agent trying to get more money.
