Quote:
Originally Posted by iEatClams
Basically everyone thinks the RE market is going down. . . . except for Realtors (royal lepage) or economists like cameron muir who works for the real estate guys and have a vested interest for real estate to do well.
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Well...there you have it folks
After 20 pages of discussion, we have the best of the economists saying its anything from "game on" to "real estate Armageddon"
Now, if we could hold off on anything until after I sell my mom's condo for premium dollar, that would be awesome.
Here's a tip: never buy an age restricted condo with rental restrictions. I could rent out for $400 to $500 positive cash flow every month...but my hands are tied behind my back. So frustrating.
On that front...I would like to say that on my own personal thoughts on real estate these days, from a sellers perspective. I've been going through and making everything just as perfect as I can. My sister has been rolling her eyes at what I want to do, but I've been finishing off all the little things so that its all "move in ready". It may not be automatically to taste, but its all good to go. You absolutely have to these days. Sellers are all in control...so that 0% did at the top of the chart? It's bullshit. I'm up against 4 other condos in the same complex...think there isn't a potential for a race to the bottom?
EDIT:
On that front: realtors...I hate 'em.
Not personally or anything, but as an industry...hate 'em.
How much negotiation room do I have on commission? I have two thoughts here. One, it's a nice condo, and I think its one of the nicer ones in the complex. But, its an older building and that reflects in the value. No realtor(tm) is really going to go out of their way to push it. I know that. They are going to list it on MLS and wait for some other person to sell it for them...and walk away with 1/2 a check for making a phone call that says, "here's the offer. Papers are in my office"
So, is it reasonable for me to either grind them a bit on commission OR, can I have a requirement for at least some type of proactive marketing, ie...an open house a month?