Market value of condos in Victoria, B.C., has gone up drastically in the last 12 months; however, rents haven’t gone up the same extent which means returns are dropping. Does it make sense to sell and re-invest the profits? Maybe not when you factor in transaction costs and capital gains taxes.
H&M T-Shirt pricing actually makes sense, real estate commissions not so much.
Despite the red hot market alternative commission models are not making any strides in terms of market share.
Advice for sellers would be only sell if you have a plan in place moving forward and unfortunately for buyers the only advice to secure an attractive property in the core is to be an irrational buyer.
What does the future hold?
When you are aiming for a target completion date on your sale there are both risks to listings your home too early, or too late.
If you are going to post your home selling or buying activities on Facebook, Instagram or other social media make sure the settings are set to private; otherwise, the other party maybe able to leverage what you’ve divulged in negations.
Should you let the amount of offers being presented influence the top number you are willing to pay?
70% of my listings with open fireplaces the sellers have not used the fireplace in years….just isn’t really practical!