Located steps away from the Richmond Hill GO Transit station, this two-plus-one-bedroom, 1,337 square-foot condo was listed for hundreds of thousands of dollars below what smaller units in the building sold for at the peak of the real estate market.
If you’re a buyer in Toronto, you might be wondering, is this listing price too good to be true for the space and location? We brought in our expert, realtordata from the Toronto Regional Real Estate Board Typically, listing agents will look at comparables before putting a property on the market, meaning they’ll research what similar properties sold for recently and list theirs accordingly, Litchmore said. Now, as the market continues to change almost daily, it’s more difficult to gauge what a property is worth, and you can’t assume a buyer will be willing to spend what someone six months ago might have.
In other words… Real Estate Agent purposely listed it below market value to create traffic and bidding war.
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