Comments on: Another Day, Another Dollar: Toronto Real Estate Market Endures Another Loonie Listing http://livingintheneighbourhood.com/2008/04/23/another-day-another-dollar-toronto-real-estate-market-endures-another-loonie-listing/ Living In The Neighborhood Toronto Real Estate Blog Sat, 6 Sep 2008 01:17:15 +0000 http://wordpress.org/?v=2.3 By: Is A Wolf In Sheep’s Clothing At Your Door? Find Out Why Toronto Buyers Avoid The Underpriced Listing http://livingintheneighbourhood.com/2008/04/23/another-day-another-dollar-toronto-real-estate-market-endures-another-loonie-listing/#comment-318 Is A Wolf In Sheep’s Clothing At Your Door? Find Out Why Toronto Buyers Avoid The Underpriced Listing Mon, 01 Sep 2008 16:24:08 +0000 http://livingintheneighbourhood.com/2008/04/23/another-day-another-dollar-toronto-real-estate-market-endures-another-loonie-listing/#comment-318 [...] see the obviously underpriced listing for what it is: a marketing strategy intended to deliver buzz, bids and bucks. Because so many buyers are educated about the market and/or “how life works”. Because this [...] […] see the obviously underpriced listing for what it is: a marketing strategy intended to deliver buzz, bids and bucks. Because so many buyers are educated about the market and/or “how life works”. Because this […]

]]> By: You Don’t Write, You Don’t Call. Toronto Real Estate Market Checks Its Messages http://livingintheneighbourhood.com/2008/04/23/another-day-another-dollar-toronto-real-estate-market-endures-another-loonie-listing/#comment-256 You Don’t Write, You Don’t Call. Toronto Real Estate Market Checks Its Messages Sun, 15 Jun 2008 00:03:42 +0000 http://livingintheneighbourhood.com/2008/04/23/another-day-another-dollar-toronto-real-estate-market-endures-another-loonie-listing/#comment-256 [...] In May 2008, inventory increased to 27,267 listings, a 15% increase over last year at this time. Although not what the Toronto home seller wants to hear, potential buyers now have more listings to consider, an opportunity to actually make offers, and possibly fewer listings that go for over asking. No doubt a welcome break for weary Toronto home buyers. [...] […] In May 2008, inventory increased to 27,267 listings, a 15% increase over last year at this time. Although not what the Toronto home seller wants to hear, potential buyers now have more listings to consider, an opportunity to actually make offers, and possibly fewer listings that go for over asking. No doubt a welcome break for weary Toronto home buyers. […]

]]> By: One-Dollar House For Sale? http://livingintheneighbourhood.com/2008/04/23/another-day-another-dollar-toronto-real-estate-market-endures-another-loonie-listing/#comment-201 One-Dollar House For Sale? Mon, 12 May 2008 16:10:09 +0000 http://livingintheneighbourhood.com/2008/04/23/another-day-another-dollar-toronto-real-estate-market-endures-another-loonie-listing/#comment-201 [...] The move has created a buzz as it made the evening news in Toronto and here I am blogging about it. Read the entire post and you will see that the Blogger makes some good points as to why this might not be the best plan. [...] […] The move has created a buzz as it made the evening news in Toronto and here I am blogging about it. Read the entire post and you will see that the Blogger makes some good points as to why this might not be the best plan. […]

]]> By: Lauren http://livingintheneighbourhood.com/2008/04/23/another-day-another-dollar-toronto-real-estate-market-endures-another-loonie-listing/#comment-205 Lauren Sun, 11 May 2008 14:03:08 +0000 http://livingintheneighbourhood.com/2008/04/23/another-day-another-dollar-toronto-real-estate-market-endures-another-loonie-listing/#comment-205 Aly, Thanks for your comments, and be sure to check back as I will be writing about other bid strategies such as holding offers. Aly,

Thanks for your comments, and be sure to check back as I will be writing about other bid strategies such as holding offers.

]]> By: Aly http://livingintheneighbourhood.com/2008/04/23/another-day-another-dollar-toronto-real-estate-market-endures-another-loonie-listing/#comment-195 Aly Sun, 11 May 2008 12:41:14 +0000 http://livingintheneighbourhood.com/2008/04/23/another-day-another-dollar-toronto-real-estate-market-endures-another-loonie-listing/#comment-195 I laughed when I saw the mls lising....personally I feel the holding off offers strategy will even dissinegrate. You are right, buyers in this type of market are not interested in playing the games and bidding wars of the crazy market in the past..I feel the market is in a balancing state. Let's face it, this streak could not have possibly gone on forever, and since it appears we have come to balanced scenario the $1 guy looks like an un-informed peron..a nicer way of saying dork :-) I laughed when I saw the mls lising….personally I feel the holding off offers strategy will even dissinegrate. You are right, buyers in this type of market are not interested in playing the games and bidding wars of the crazy market in the past..I feel the market is in a balancing state. Let’s face it, this streak could not have possibly gone on forever, and since it appears we have come to balanced scenario the $1 guy looks like an un-informed peron..a nicer way of saying dork :-)

]]> By: Lauren http://livingintheneighbourhood.com/2008/04/23/another-day-another-dollar-toronto-real-estate-market-endures-another-loonie-listing/#comment-202 Lauren Sat, 10 May 2008 16:59:43 +0000 http://livingintheneighbourhood.com/2008/04/23/another-day-another-dollar-toronto-real-estate-market-endures-another-loonie-listing/#comment-202 Keahi, Hope this one doesn't ride in on a big wave! It's interesting; we're in the same business but each market has its own unique personality. Keahi,

Hope this one doesn’t ride in on a big wave! It’s interesting; we’re in the same business but each market has its own unique personality.

]]> By: Keahi Pelayo http://livingintheneighbourhood.com/2008/04/23/another-day-another-dollar-toronto-real-estate-market-endures-another-loonie-listing/#comment-188 Keahi Pelayo Sat, 10 May 2008 16:33:29 +0000 http://livingintheneighbourhood.com/2008/04/23/another-day-another-dollar-toronto-real-estate-market-endures-another-loonie-listing/#comment-188 I have not seen this one in Honolulu...yet. You make excellent points. Good job. Aloha, Keahi I have not seen this one in Honolulu…yet. You make excellent points. Good job.
Aloha,
Keahi

]]> By: Lauren http://livingintheneighbourhood.com/2008/04/23/another-day-another-dollar-toronto-real-estate-market-endures-another-loonie-listing/#comment-204 Lauren Sat, 10 May 2008 15:14:02 +0000 http://livingintheneighbourhood.com/2008/04/23/another-day-another-dollar-toronto-real-estate-market-endures-another-loonie-listing/#comment-204 Elli, "Guess how much money I want for my house" isn't a popular game and certainly causes the seller to lose sight of their goal. Elli,

“Guess how much money I want for my house” isn’t a popular game and certainly causes the seller to lose sight of their goal.

]]> By: Toronto real estate http://livingintheneighbourhood.com/2008/04/23/another-day-another-dollar-toronto-real-estate-market-endures-another-loonie-listing/#comment-185 Toronto real estate Sat, 10 May 2008 08:02:58 +0000 http://livingintheneighbourhood.com/2008/04/23/another-day-another-dollar-toronto-real-estate-market-endures-another-loonie-listing/#comment-185 As being a Toronto real estate agent I must say that tactics are not really working on that market. Obviously this was doomed to failure. One should state an objective price which is enough when it goes through the negotiating and the buyer can still feel he benefits from the deal. That`s a very common recipe and I think that being frank and smart all the time is the best way to achieve your goal. As being a Toronto real estate agent I must say that tactics are not really working on that market. Obviously this was doomed to failure. One should state an objective price which is enough when it goes through the negotiating and the buyer can still feel he benefits from the deal. That`s a very common recipe and I think that being frank and smart all the time is the best way to achieve your goal.

]]> By: Lauren http://livingintheneighbourhood.com/2008/04/23/another-day-another-dollar-toronto-real-estate-market-endures-another-loonie-listing/#comment-172 Lauren Thu, 08 May 2008 14:44:19 +0000 http://livingintheneighbourhood.com/2008/04/23/another-day-another-dollar-toronto-real-estate-market-endures-another-loonie-listing/#comment-172 Rebecca, Buyers easily see the $1 list price strategy for what it is: a teaser that hints at the possibility of buying for under market value which will generate lots of interest, thereby ensuring fiercely competitive bids. Even in hot areas of the city it can't be assumed that buyers will automatically come to the table, especially in a cooling market. Rebecca,

Buyers easily see the $1 list price strategy for what it is: a teaser that hints at the possibility of buying for under market value which will generate lots of interest, thereby ensuring fiercely competitive bids.

Even in hot areas of the city it can’t be assumed that buyers will automatically come to the table, especially in a cooling market.

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