Under Asking: 'Buyers definitely have the upper hand in today's market.' Three agents on why they sold at a discount

  • 📰 torontolife
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 68%

Business News News

Business Business Latest News,Business Business Headlines

With the Toronto housing market cooling, many brokers say now is the time to get in the game

“In mid-October, we listed this home at what we thought was a very fair price point. Even though the market was slowing down, we had about 20 showings within five days. Confident, my clients bought a home in another part of the city. Things changed the following week. Showings started drying up—some buyers were put off by the house’s relatively small footprint.

“With the closing date on my clients’ new home coming up, the risk and stress of holding out for an additional $20,000 or $30,000 wasn’t worth it. Less than two weeks after first listing, they took the next offer they received—$107,000 under asking. “Buyers shouldn’t be afraid to make an offer in this market, even if it’s below asking. You never know how motivated an owner might be to sell quickly these days. This is also a great opportunity for buyers to get in at a lower price point. It’s going to be short-term pain because of how high interest rates are right now, but long-term gain if you find your dream home.”Listing price:

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ha ha ha yeah ok, thanks “brokers” 🤣🤣 see y’all at -50%

Do better

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 20. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BC Home Boasting Ocean Views for Days Hits Market Asking $5MMesmerizing ocean views and breathtaking sunshine await at this waterfront stunner. realestate properties housegoals waterfront SunshineCoast Vancouver BC
Source: storeyspub - 🏆 16. / 74 Read more »