I listed two houses this week and have been surprised by both of them! The first house took me three times longer to get the listing agreement completed than it did to receive an offer. Now the house is only sold conditionally, but as long as there are no surprises with the purchaser’s credit, the deal should firm up in four or five days. The second house has been really interesting. I’ve been working with these sellers for more than two months and finally got their house on the market. It’s only been one day and we already have four showings booked for today, and one agent thinks she will be bringing us an offer later on tonight! Looks like the real estate market in the Durham Region is going to stay strong throughout the summer! Perhaps the good news that is finally hitting the news is helping people to realize that the Canadian economy is quite good and real estate is still a great investment in our future!
There are plenty of potential buyers who have secured pre-approvals for really great interest rates. They won’t be able to hold those rates forever, so we expect they’ll be looking to close on a home purchase within the next 90 days. This certainly bodes well for all the sellers out there!
July 29th, 2009 at 5:24 pm
Great idea, but will this work over the long run?