Where is the property location and what is the overall condition of the house?
It does not matter if it's a seller's market if the property location is in a low demand area and/or the house is a handyman's special.
Of course, depending on how motivated the owner is in selling.
Again this is referred to in the link directly above (which noone seems to read)
New stuff is selling briskly
40+ year old homes are not selling
If you prefer we can add an asterisk
It is a Sellers* market
* If you do not live in some decrepit old slum
Actually if you did bother to read; what is the second paragraph even saying about homes?
Supply of homes available for sale continued to be an issue. New listings were down by 26.2 per cent. The fact that new listings were down by more than sales in comparison to last year means that competition increased between buyers.
Which is EXACTLY what I said
Limited listings equals increased competition hence it is a sellers market when you do list
Try again?
You aren't comparing apples to apples. 905 also has exceptionally nice areas equivalent to the ones you mentioned in TO and in these areas houses also sell overnight. Toronto, like 905 also has some average and really crappy areas and the homes can sit for months.It all comes down to location, location, location. A house in the Annex, or the Beaches, or Yonge and Lawrence, or Bloor West / High Park, or Leaside or even Parkdale (the right street) will find a buyer because they are very sought after neighbourhoods. Out in 905 country is a very different story. You will have 25 houses for sale within a few square kilometres and buyers are scarce. (There's plenty of suburb to go around.)
I had to look up Palmerston Blvd on Google maps - very beautiful street and homes. I love those large old homes with their architectural details, mature trees and spectacular city flower beds. I'm pleased to see that street is not suffering from teardowns (yet), too much of that going in classic neighbourhoods.As to condition, I personally want to buy the worst house on the best street. I want rats and cockroaches on Palmerston Blvd so to speak so that all the snowflakes who only look at the granite counter tops and hard wood floors run out the door with their hands over their eyes.
I had to look up Palmerston Blvd on Google maps - very beautiful street and homes. I love those large old homes with their architectural details, mature trees and spectacular city flower beds. I'm pleased to see that street is not suffering from teardowns (yet), too much of that going in classic neighbourhoods.
I've always liked your area, there are alot of awesome streets. High Park Blvd and my friend's family owned a house on Indian Rd Crescent. Long since sold and renovated. I think this is it (on the right): https://www.google.ca/maps/@43.6575...4!1sH0UZX4msB0S8ppC2ryLWCA!2e0!7i13312!8i6656 Some of these homes are misleadingly large with incredible architectural details. I'd guesstimate that house at 4000+ sq ft including a full attic apartment, with a large 2 car garage out back with shop space with a large apartment above it.
As a 905 resident, I welcome you to keep your rats and cockroaches, parking nightmares, narrow lots and the neighbour 3 feet away. I like my big home, decent size lot and mature trees. That said, in the west-end they are putting up condos on every empty piece of land and the traffic and crowds are getting insane. More traffic = more traffic lights and stop signs and we are approaching total gridlock. Port Credit Busker Fest, Waterfront Festival and RibFest have always been busy, but the last few years they were PACKED, not enjoyable anymore.
I could never afford a home on that street - I didn't look it up, but I'm guessing $3M+ I'm just a poor suburbs boy.If you're considering to purchase a home in that area from the original owners, be prepared to spend at least 50% of the purchase price on renos.
For sure - I was referring to the equivalent areas that JTK listed in his post. Just mentioning the words Malton or Bramalea terrifies many west-enders. When I was a kid, I worked at McDonalds. When another store was having a team meeting our store would send a crew in to run the place. The Malton store had 2 cops every weekend night and still had problems. SOP was to skim the tills every 30 minutes, you never opened the back door at night, tills weren't counted but instead went a slot on the safe and you always overstaffed by several people including in the lobby. It was scary enough in the daylight. Now the store is surrounded by homes but I hear it's still robbed often.It depends where in the 905. You may have the big home but a non-existent yard with no trees with the neighbour just 3 feet away. Did I mention the lovely cooking aromas from the neighbours too ? Or the musical GO train parking lots if you don't get there early enough for a spot?
For sure - I was referring to the equivalent areas that JTK listed in his post. Just mentioning the words Malton or Bramalea terrifies many west-enders.
That said, in the west-end they are putting up condos on every empty piece of land and the traffic and crowds are getting insane. More traffic = more traffic lights and stop signs and we are approaching total gridlock. Port Credit Busker Fest, Waterfront Festival and RibFest have always been busy, but the last few years they were PACKED, not enjoyable anymore.
Before I say anything else...I am not involved in the real estate industry. I think a reasonably good agent is worth every bit of the cost you pay...which is generally about 2.5% to each side.
I've been involved in 6 deals in the past 4 years (3 purchases, 3 sales). In each one the agent managed to get me more than I could have on my own....and much more than the cost of the service. Of course that means that the people on the other side of those deals didn't get as much benefit. One of the main things is not the dollars only...it is having someone in the middle that also gives you some protection from legal issues that arise when people do direct sales. Such as implied or explicit warranties for example. An agent can guide you through that by providing necessary disclosures (for example that your well may have limited supply) but also shield you from exuberant comments you might make that can later be interpreted as warranties (for example...oh...the well is great...water is perfect..). A good real estate lawyer will certainly help with this...but you will still have to deal directly with the buyer or seller...and that is where some of the shit can happen.
Anyway...in my opinion money worth spending. And in my case I've probably been ahead by way more than the cost of commissions in the deals I've been involved in.
