I wish the media would start reporting more factual information about the real estate market. They love reporting doom and gloom (naturally as it sells more papers) and most people believe what they read. Granted, there are some areas that are still having difficulty, particularly in the U.S., but I'm referring more to the Canadian market, which is far from "soft."
I've always maintained that if a home is priced correctly, competitively, and has other components necessary, i.e. great curb appeal, and shows well, it will sell.
I listed a home last Friday in a wonderful upscale neighbourhood in Streetsville. I had two registered offers, with one backing out at the last moment. The house sold conditional that night... in ONE DAY..and firmd up yesterday. Granted, I did have very co-operative clients, who put into place all the things recommended in order to prepare their home for showing.
Sellers, listen to your real estate agent, look at the comparables, and list your home realistically.... it is what it is... and an overpriced listing very rarely sells... then you are faced with that dreaded price reduction.
Price it right the first time....
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