Beaver Court at $549k has no pictures, it’s vacant, and they mention that it’s sold in “as is” condition in the broker comments. Don’t expect miracles inside, but it could be a decent project home. I figure that a well-renovated version of this home could be in the $625k range, and it’s good that the furnace, air conditioner and roof are all relatively new.
Dealing with flooring and paint is much more profitable than replacing structural deficiencies.
They’re not holding back on offers, either.
Some buyers won’t even consider a home without photos, but I see it as an opportunity that most people skip homes like this. It can mean less competition.
Also, I know I sound like a broken record, but Burrows Gate is taking too long to review offers – 12 days from now. You lose your momentum if you wait too long, and if you do it too soon, you don’t get the exposure. Magic window is 4-6 days, including a weekend. That’s it. No debate. It’s tried and tested. List on a Wednesday, take offers Monday or Tuesday. List Thursday, take offers Tuesday or Wednesday. No offer dates on the weekend, that’s leisure time.
There are unwritten guidelines that have been forged in the hottest markets, and if agents took the time to learn them, their clients often make way more money.
Case in point – we just sold this Brampton house last night for $81,000 over asking with 18 offers. Everything was orchestrated to maximize the success of the sale, including professional staging (it was vacant). Most other homes in the area are hovering around the $450-470k range, and we popped this sale off for $506,000.
Like a boss. Like today’s video. 🙂
Also, have a look at this… it’s one of the best market commentaries I’ve seen this year. It’s bang-on accurate, with a great summary of the factors causing the 2016 market. Are we headed for a bubble? Watch the clip!