Quote:
Originally Posted by Gh0st
Hey just curious as to how the market is doing now? Is there generally still a big appetite for new 1 bedroom condos in the 400-450k range for locations such as coquitlam / new west?
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Not sure about condos but homes in my area "Cloverdale" down at least 10% in the last year. With the spring it's getting busier but stuff isn't getting snapped up.
I listed my house last Wednesday I believe, I've had probably a dozen private showings and another 20+ views through open houses. I had one offer day 2 which was a good offer we just couldn't agree on a possession date so it fell apart, they wanted 30 days and I wasn't working with anything less then 2 months.
I had another offer on Friday, not a good offer as it was low and they hadn't sold their home yet and wanted it contingency to that with no out clause for me, I wasn't going to tie up my house 1 week into the listing with the amount of action we've had so didn't even counter.
Same people came back yesterday with another offer contingent on selling their home but they gave us the 48 hour out if we get another offer and it was full ask, they also have to do their inspection in the next 12 days so assuming they sell their house end of May or something inspection BS will already be dealt with. That one was an easy yes, hope they sell their house but if someone else comes along ready to move on my house I'll entertain that as well.
I have the attitude that I'd like to sell but I want my number. If I don't get my number I'll take it off the market and renovate, re-evaluate in a couple years. My wife really wants to move but I'm content either way.
Most of the detached homes we're looking at have been sitting, they aren't selling and I think it's due to them not having (able to put) suites in them making it hard for people without a lot of equity to even consider buying them. If we're lucky enough to sell we should have 80% down so the stress test shouldn't be a problem for us.