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2014 Sunshine Coast Monthly Sales Stats
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08-04-2014, 06:27 AM,
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RE: 2014 Sunshine Coast Monthly Sales Stats
Once again, great info, Skook!
We are planning to put an offer in on a property on the SC in the next 2 to 4 weeks and like so many other places for sale, this one has been listed for a few months and not one single offer has been presented on it. Over the past several weeks, we have seen more than a dozen places in person and have noticed an odd phenomenon up there.. Many sellers do little or nothing to make their homes presentable. Do they really want to sell? Well, they are packing things into boxes, are often still there during showings and some places are just filthy. I can generally look past those things, but that behaviour gives me a negative impression of how they took care of the place. Our upcoming offer will be low, because the seller has done nothing but move in and use the place - no updates of any kind, there is some minor maintenance items that I would need to fix and year after year, the assessed value of this place (like almost everywhere on the coast), has dropped significantly. We know that there is a cyclic component to the property values, but that is a supposition and the current data shows that our investment will drop in value after we buy it. If we were only doing it as an investment, we would not even consider the coast. We are currently emptying out our home into a storage place, except for those things we'll need for staging it for the typical 2 day open house we plan to have, accepting offers on the evening of the 3rd day. The house will likely sell for a decent amount with a few offers, which is exactly what happened a few doors down about 3weeks ago. Completely different markets. We hope the seller will see that if he doesn't accept our offer, we simply go down our list and make an offer on the next place and so on until we get a bite. This is what it's like, selling in a hot market and buying in a dead one. We know moving back to the LM would not be easy, unless somehow the situation at both ends changes dramatically. This site, careful observation, due diligence and Gary Little's site have been my schooling on our move, so hopefully I'll get it right and end up where we want to be... (PS, glad to hear things are a bit better for you, Skook!) |
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