Seller's Problems Keep Getting Bigger (Peel Region Real Estate Market Update)

We are exiting the spring market so the fomo is dying down. I'm doing the same thing your buyer is doing. Slow, steady take your time and find a deal. Taking that approach is both financially in my interest and it protects me against minor market corrections. I look at the listings and determine what I think they are worth based on past sales (outside of the spring market) and offer that. I've set a deadline until January 2025 to find something so I'm not in any rush. Some sellers will be motivated, other won't. If its not the right house, its not the right house. There are plenty more to look at.

I remember a time when vultures would go in for the kill only to find that the values dropped so much that after 6 months they themselves were on the dinner menu .

Meanwhile every real estate agent,is starting bidding wars,works both ways,don't knock the buyers,when sellers are just as slimy.

Its easy to look. It costs $32 dollars to pull the mortgage docs and the title. All agents should pull these for there clients but its not in their interest to lower their commission.

I lived in two neighborhoods, and noticed that certain houses get sold multiple times. while others have owners living in them for years. I bought one house that was sold about every two years on average. I ended up selling it after two years, for reasons that has nothing to do with the house. Does it mean some house are cursed or whatever? Has anyone noticed this too?

I have been offering 200,000 under listed price to thousands of realtors. Still no Sellers.

Don’t worry santo, the other house probably refinanced 3 times and jacked up their mortgage while sitting on low rates. There both stretched .

People have a wishing bias to believe in bank of Canada… “Rates will be low forever. You can leverage your soul” “Rates will go down first semester 2024” There you go….

I really want to know what you told during Covid. Did u stop your clients to over bid or hold off until this downturn

Well explained, 🙏👌

Can you please do a episode for Halton region the Condo market, specifically Oakville by 8th Line by Dundas and Trafalgar

Wow people are getting really into the ins and outs psychologically. We were going to try to list our home of 23 years this year but now we are going to wait. We want a bungalow but they are so much more expensive than a two story. I can stay put, but I need major foot surgery and I will look into putting in a small cylindrical elevator so I can stay in my home to recover. Can you comment on whether an elevator in a home is a hinderance to sell or a bonus? The new ones are so tiny and so stylish not like those awful stair lifts on staircases.

Don’t let seller agent have any negotiating power without you.

A lot of hungry agents nowadays who desperately need to make a deal. Now is the time to disregard your 2nd cousin who sells one house every 3 years and go with someone who is eating properly so they can represent you properly.

I wouldn't buy a home with this market period.

informative

And? Tons of fake mortgages out there hasn't hit yet.Wait do it hits

Toronto Vancouver house prices ll go down %85 imminent

Slimy buyers + slimy agents = bear market

I guess all your buyers are millionaires? How do they afford the mortgage? I hope real crisis didn’t happen to anyone in Canada including the new buyers. Thanks