Your Home May Not Be That Special (Peel Region Real Estate Market Update)
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- Опубліковано 30 тра 2024
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In this episode we take a look at the current Brampton, Mississauga, Ajax, Whitby, Pickering Real Estate home prices and market trends for week ending May 22, 2024. We also discuss how it can become problematic if you can't look at your home objectively when deciding to sell.
This video will focus specifically on Brampton, Mississauga, Ajax, Whitby, Pickering but be sure to SUBSCRIBE for more reports on other areas!
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Santo Sessa & Daniel Sessa
Re/Max Premier
(647)560-7778
santo@teamsessa.ca
*This video, nor any of the other videos on the Team Sessa Real Estate UA-cam channel, does not constitute legal or financial advice. This is strictly intended for educational and entertainment purposes only.
My town just sold 4 houses last week, that's a big pay day all the way around.
One was my neighbor who was trying to sell for the past 3 years, she had her house sold back in 2021, but reneged thinking she could get more.
She had a deal for 550k$ in Aug of 2021 with no realtor, has since done updating and such trying to get 725k$, she blew through every realtor within 100km.
This year she listed at 625k$ and had to fix somethings to get conditions off, I guarantee she did not get list price more like 599k$.
Either way she spent the last 3 years chasing a pipe dream, she would have clear more money just taking the deal in 2021 for 550k$.
What a character.
There are so many like her. I see it all over. Tried to sell a few years ago, didn't get a price they wanted, did renovations to get it so called turn-key because that's what their realtor said would fetch a real good price, and are now relisting with a price that just barely covers their costs and still no takers. Let's not even talk about transaction costs.
While I understand why, from a client relations perspective, a realtor may want to ask a homeowner "thinks" their home is worth, all it really does is invite a disagreement. Realtors all too often, wander through a cringe worthy home and shower the seller with compliments.. That's a bad idea. You know? Lipstick on a pig? Yes - the purple walls, shag carpet, almond coloured appliances and a DYI hack job of a basement reno are a problem - and a realtor should flat out tell the sellers that.
If a realtor knows what they are doing during a listing presentation, knows the comps in the neighbourhood and has a proper and complete tour of the home to be listed, they don't even need to ask the seller. Just tell the seller the price to list at if the plan is invite bids (and hopefully a bidding war) and here is the price to list at if we are going to accept offers at any time.
If the seller disagrees ... they can find another realtor.
I agree with you, tell the Seller your professional opinion on price and back it up with evidence. The seller will decide if it makes sense to them.
Sellers are actually going to have to mow the lawn and fix the leaky pipes
People rarely ever renovate to my taste .
Months in inventory!
The seller can ask for whatever they want since it is their product but the buyer is the one who decides the price. This depends on the buyer’s thought process and how / where he is greeting his information? If he has fomo, then he may lose. If he has a bad realtor who may not give his advice or is not experienced enough to give sound advice.
2 bathrooms are always better than one
Yes.
Certain areas look disgusting in Brampton, the grass looks like uncut for 3months. Lived in Brampton all my life and never seen this type of nonsense.
Some areas are definitely nicer than others…but that’s true of any GTA city.
I 💯 agree. Lives from 1990 to 2008 - best place. Total crap show now
There’s definitely a lot more sitting inventory homes not selling
So many people are going to learn from the school of hard knocks to not over improve their homes. There's a bell curve before you're just throwing money away, or being taste specific. I didn't spend more than I needed, and with our last home the goal wasn't to necessarily get more (small town, for YRS had a bad market homes would sit for YEARS without a buyer. ) I just wanted to but be the one who sells period while other homes sit, and sit, and sit. cleaning and tasteful paint selection can do wonders.
would much rather have the two bath home, doesn't matter how nice the reno was in the single bath home. and won't be what I would have chosen for finishes anyway. I finally have a home with a principle en suite, I will never go back to sharing a bathroom with everyone else in the house.
Appreciate your comment. I would also advise my buyer client to consider the home with an ensuite (2 baths) vs a 1 bath home.
The sellers always get hate I notice lol
The delusional people get the hate, they just tend to always be sellers. Correlation vs causation :p
It makes some level of sense for Realtors, seller pricing is an issue with a decent number of properties and Realtors only get paid if a home sells. If it sits on the market for three years they are just wasting their time.
The homes that are well priced do sell. It's the overpriced ones that are sitting.
You comment a lot in your videos about how sellers behave. Do your comments in videos ever get you into hot water with your seller clients?
Nope.
Why you always sick. buds?
Buddy, I’m not always sick.