30% Of Real Estate Listings Are OVERPRICED! MUST SEE
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- Опубліковано 28 вер 2024
- In this eye-opening video, we uncover the shocking truth that 30% of real estate listings are overpriced! If you're in the market for a new home or looking to sell, you can't afford to miss this valuable insight. Learn how to avoid falling into the overpriced property trap and make informed decisions when it comes to buying or selling real estate. Watch now to ensure you're not getting ripped off in the competitive real estate market!
Are you looking to sell or buy Innisfil, Barrie , ESSA, Springwater Township real estate. Understanding the correlation between price and days on the market may be crucial to your success. In this video, we discuss how many property sellers in Barrie are now associating price with how long their property has been listed for sale. This allows them to price their property competitively and attract more potential buyers. Selling your home can be a daunting task, but with proper strategies and insights, you can achieve your goals with ease. Our team of experienced real estate agents is dedicated to helping you succeed in your real estate endeavours, whether you're buying a new home or selling your existing property. Our mission is to provide you with actionable tips and tricks that will help you navigate the complex Barrie real estate market confidently. Don't let your property sit on the market for months on end.
First, hire a professional real estate agent who knows the area well. They can help you price your home properly, market it effectively, and guide you through the negotiation and closing process.
Next, make sure your home is in the best possible condition. Declutter, clean, and repair any visible damage. Consider staging your home with furniture and décor that showcase its best features.
If you're looking to buy or sell a property in the barrie area, this is the video for you!
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100% of listings are over priced.
It may appear that way. But know, but unaffordable for a lot of people
This is how it starts
People are not looking at the market close enough
@@propertytwins people are delusional
I have sold and bought 2 houses in the past year and half because of life’s circumstances…..😢price appropriately is key to selling! I will say this, the housing market is a complete disaster…alot of realtors, mortgage brokers, banks, lawyers have created this shit show! I am staying put in this next house, and I will be popping popcorn and sitting back and watching the whole shit show go down and smiling because this situation was created by the lot of you! Hope they all can flip burgers and shake baskets of French fries or serve coffee, because I am not hiring anyone of these people…. FYI I appreciate the fact you both are honest and are realistic with the situation of the market right now, no one can make a informed decision without knowledge
Thanks. We call like it is. And some agents are saying the market is good. Stay far away from those agents. Need an agent that is up front and no bullshit.
Sellers dont understand the dynamic of the buyers situation.
Most first time buyers and buyers moving up are currently not on the hot seat at all, they are currently servicing lower debt or no debt.
All the while watching the economy slip downward which makes them even more hesitant to jump in.
The only carrot that will turn them into aggressive buyers is a price reduction.
Sellers are stuck in a mentallity of FOMO that has been gone for quite some time and when they rush for the exit they will be too late.
Market is changing at times. We are seeing it.
Current unemployment rate in Toronto is between 7 and 10 %.
2 million mortgages are coming up for renewal next 1.5 years.
I hope those people planned accordingly. They have equity
People with primary residence will hold on to their “ home “ if they can .
It’s the people with multiple properties who bought high who will fire sale in order to keep their primary residence as the primary residence is used as collateral. (A charge on the mortgage)
I think the 30% reduction in values is realistic but only if you have to sell .
And a lot don’t need to sell.
@@propertytwins How long will they be prepared to pay the holding costs, will they save any money by holding and hope the market returns, think not, they will only go deeper into losses and then take a bigger hit when they sell later
Great video guys. Really enjoying them.
Thanks really appreciate it.
Much more than 30% IMO.
Hard to say.
Agreed. Way more, otherwise inventory wouldn't be building.
@@propertytwins Not really, I'm from a city that works.
Anyone buying better have enough money to buy it outright or go the other way and put down the least amount possible so the banks can't steal your money
I’m not seeing power of sales in this market.
Probably a part time agent who doesn't know what the hell they are doing! That is why agents have such bad reputations, what happens when the buyer finds out that they paid too much?
Or they use their friend who is in the business. And works a full time job. Some of these agents can’t even navigate a real estate board
Hi there ! What's happening with the 500 thousand to a million of the new immigrants coming in ?? Where are they going to live ??
I have no idea. But I know Canada isn’t prepared what so ever.
They hot bed and 30 to one house , which more then covers dumb high mortgages. Unless Canada immigrantion closes door which they won’t because it’s the only thing keeping economy going .
Scary times if you got big mortgage .
Anyone selling an "investment " property right now is a bag holder, period.
Oh yes
No sympathy for 100% stupidity.
If an agent isn't even checking the history, they are doing an absolute terrible job for their clients. That's embarrassing, garbage tier
I agree
Overpriced by 50% is more like it. 😮
Not seeing that
@@propertytwinswho makes the price?
@@propertytwinsu will
Barrie is a blue collar town, sellers with million dollar listings are out of luck, unless they get a commuter with a high paying job, local market wages don't support these prices!
It’s all North York Buyers up here.
@@propertytwins Where ever they come from, its not local money! Guess they are trying to go back down
I agree it is not.
@@richardrogers7479 They are moving for a change of lifestyle and cheaper markets.
There are still buyers out there and they know homes are still well over priced, a lot more than 30% Plus sellers and agents forget that buyers decide the prices, not sellers!
Some are. I find if you bought in 2022 you will be down 20 to 30 percent.
whens the best time to sell? "feb 2022" whens the next best time. Try 2042.
I think 2026
@@propertytwinsthis will probably when the market will bottom out or close to it
Also, imagine having a million dollar property for sale, and your agent takes iPhone photos! Trash agents😂
I agree. I see it all the time.
@@propertytwins HAAAAAAAA !! Don't be to hard on them . Sometimes their good pictures !
@@propertytwins I love it when Agents are selling a Million dollar property in the summer and the pictures still show .....SNOW !!!!
What isn't a million dollar home now?
@@donm2067 My Large BIRD house .......only $900, 000 ..............!!
Houses are worth what they sell for, how long they are listed means nothing. Only people who are desperate have to decrease the price.
No one is overpaying for anything in today’s market. There are a lot of not serious sellers. Taking the approach of well I will sell if I get my price. Good luck to you.
As unemployment soars .
1991 rerun
Hope we don’t see that
@@propertytwinsinevitable
Hello Mark and Diane .....thanks for the video and the truth of what is really going on .
Very very welcome
As a senior I find it difficult to find a house with a bedroom on the main floor. My preference to avoid stairs.
It is hard to find in a two story home. Start looking at bungalows.
The exit door is closing fast. Seller's now missed the window. Losses will pile up for those who overpaid last few years and can't hold on.
I agree. I have seen a few Sellers that should have accepted an offer that I gave them. And didn’t even sign it back. And it was about 30k over market value. Big big mistake
Very informative video . I like listening to both of you !
Thanks so much
You said 99%?
My friend just bought a new build in barrie for 1.7 thinking his new build hes moving out of in 2 years is worth 1.5 in angus. Any thoughts? I really think he believes its 2o22.. keeps telling me he can't lose money on new builds. But I'm skeptical
Did he buy in Barrie or Angus? There is so much inventory in the high ranges and only about 8% of the properties are selling. So basically 92% is sitting there. This range is very competitive and out of reach for a lot of people right now. If he thinks he is getting a high price for his property. He is not, especially if he bought in 2022. And I find agents are just telling people what they want to hear today to get the listing. Put him on to this channel. No bull shitting what so ever. And I have the numbers to back things up.
@@propertytwins sorry I meant angus
@propertytwins he's already making down payments I heard the real estate agent telling him he's gotta get approved for a bigger mortgage in case his old home "is only around 1.2, just in case it's not 1.5 like you think it is. " I told him to cut his losses and not keep putting money down for the 1.67 mil one.
@123catz I don’t see that price point selling to fast in the community. He bought at the hype of the market. And a lot of those Sellers haven’t come to terms that the market dropped.
@@propertytwins I see you saying in your videos these real estate agents aren't telling the truth it's obviously they just want the sale. I'm scared to show him your channel because it's going to look like I'm being negative and wanting him to fail.
They are all overpriced.
The run off of inflation money from other home sales are done.
Now it’s what people can really afford.
They will come back
@@propertytwins
What will come back?
Property values can’t, no until wages increase.
And if you think demand drives prices over affordability, there are many places in China that need housing, go their and build $700k condos and see how fast they sell.
@@bathtubrenew Wages will never raise to the level of what is needed. This is the new norm.
@@propertytwins
New normal?
With 90% less sales, and only 1% of the population can buy a house.
That’s totally unsustainable.
If this is the new norm many people will leave canada. Im a hardware engineer and could move to the usa. Im here only for family. But i know many in my shoes abandoned canada for the reasons i will. Housing is unobtainable even by the top 15%
Wait until they link income to cra verification you will see 40+% less buyers....if you think this is bad wait
I hope it doesn’t get there
Ya, thats all the talk now - if that happens all the realtors can start looking at other employment options.
Cant come fast enough for me !!!
Long overdue
Lmao at keeping the older lady up just so she can sign some papers. The things we do, eh!? Hilarious.
We have lots of stories
@@propertytwins Love to hear them !
I agree average 30% overpriced for sub 1.5 million in Barrie, glad someone else is saying it!
Absolutely
Depends where you are buying and what area.
You need to know what you are buying.
You guys need to know
In my area Woodbridge/kleinburg homes are not lasting longer then 5 weeks.
If its kitchener niagara falls Barrie or Ajax area the prices were over priced.
So knowimg value is very important.
Good luck all
It’s very important
Would love that main floor level bedroom in the townhouse I am buying. There are some people that would be drawn to that-especially for looking after an aging parent. You just need to sell it to the right clientelle!
Congrats on your purchase. If the main floor was bigger. It would have sold by now.
I hate when they don't put the sqft like I start shopping from sqft. I know I need a certain size to even start to consider purchasing.
Me and you both. Lots of information missing
Sellers hoping to find the last suckers out there before having to take the losses
Sellers in real estate. Can’t accept a loss. I tried negotiating with one. We walked and said see ya.
@@propertytwins good. You can come back in 6 months when they are bankrupt
It does seem like it has to come to that.
MARK SHE GETS THESE "ONE OFF" CIRCUMSTANCES HAPPENING, NOW ITS THE RULE.
''IT WORKS!!" ALL OF HER CLIENTS SHE MUST BE TELLING THEM NOT TO LOWER THEIR PRICES
THEY"LL GET LESS N LESS THE NEXT 24 MONTHS.
SHE WONT OPEN UP TO THAT IDEA. PRICES ARE NOT STAYING. THEY ARE GOING WAY DOWN. 1000% FACT.
An agent needs to know the market and advise what’s going on in it.
It is 70% over priced.
No no
LOVE the HONESTY !!
Thanks