In which month will open houses start happening again...
Lets have a vote ....
- Last Updated:
- Apr 13th, 2020 2:37 pm
Tags:
- SCORE-1
- joepipe [OP]
- Deal Addict
- Jul 3, 2007
- 3318 posts
- 3648 upvotes
- Toronto
14 replies
- dentonic88
- Member
- Apr 25, 2019
- 270 posts
- 113 upvotes
A few months after the vaccine has been developed for coronavirus.
Keep looking at: (Updated April 9, 2020, at 2:30 p.m)
https://milkeninstitute.org/sites/defau ... 9-20-2.pdf
- mazerbeaner
- Deal Guru
- Feb 22, 2011
- 10175 posts
- 12596 upvotes
- Toronto
This doctor who is also a professor posts amazing videos for Canada about COVID, he is saying a realistic possible goal could be June 3 to start lifting lock down;
- dc200
- Deal Addict
-
- Mar 30, 2010
- 3168 posts
- 1051 upvotes
- Greater Toronto Area
We're going to be done with the first wave, and maybe even the second wave, several months (or years) before the vaccine is available for the masses. Why would we keep ourselves locked down after that? Not to mention that according to FEMA, we're actually doing more harm than good to the healthcare system by prolonging the lockdown, but that's a a conversation for another day.dentonic88 wrote: ↑ A few months after the vaccine has been developed for coronavirus.
Keep looking at: (Updated April 9, 2020, at 2:30 p.m)
https://milkeninstitute.org/sites/defau ... 9-20-2.pdf
Things will reopen this year, most likely around July or August.
<removed>
- oasis100
- Deal Fanatic
- Mar 27, 2004
- 5374 posts
- 3275 upvotes
- Toronto
8 solid bears have voted so far.
Full-time Realtor
- JayLove06
- Deal Guru
- Feb 29, 2008
- 14214 posts
- 10524 upvotes
- DecayHeat
- Member
- Oct 29, 2015
- 297 posts
- 126 upvotes
wow what an amazing videomazerbeaner wrote: ↑ This doctor who is also a professor posts amazing videos for Canada about COVID, he is saying a realistic possible goal could be June 3 to start lifting lock down;
- joepipe [OP]
- Deal Addict
- Jul 3, 2007
- 3318 posts
- 3648 upvotes
- Toronto
June could be a reasonable lift on the lockdown in stages ...mazerbeaner wrote: ↑ This doctor who is also a professor posts amazing videos for Canada about COVID, he is saying a realistic possible goal could be June 3 to start lifting lock down;
- licenced
- Deal Fanatic
- Jul 3, 2011
- 5792 posts
- 2958 upvotes
- Thornhill
so weird, I pressed June and it recorded May
- RealtorInvestor
- Member
- Jul 2, 2018
- 264 posts
- 258 upvotes
Honestly, open houses aren't even needed. Anyone who is serious can book an appointment and come see the place.
They are good in a hot market when you want to get a bunch of people in before the offer presentation date, but usually open houses are just to find those buyers who think they are saving money without an agent and then the listing agent screws them and double ends the deal.
They are good in a hot market when you want to get a bunch of people in before the offer presentation date, but usually open houses are just to find those buyers who think they are saving money without an agent and then the listing agent screws them and double ends the deal.
Realtor + Investor
- oasis100
- Deal Fanatic
- Mar 27, 2004
- 5374 posts
- 3275 upvotes
- Toronto
lmaoRealtorInvestor wrote: ↑
open houses are just to find those buyers who think they are saving money without an agent and then the listing agent screws them and double ends the deal.
Open Houses are for the listing agents to get new clients.
Full-time Realtor
- cartfan123
- Deal Fanatic
-
- Sep 8, 2007
- 9004 posts
- 10283 upvotes
- Way Out of GTA
The whole focus on open houses is a rouse to heighten fear and paranoia. Anyone serious in buying a house in this market can do the virtual open house and as the first wave passes book a private viewing.
Near term for sure it’s a buyers market where you get to buy without a gun head to your head in a bidding war, where you don’t have to make a rash decision on the spot. Prices however have not fallen off a cliff. In fact as house deliveries stall and some sellers pull their listings...we are in a bit of a vacuum. I suspect there will be some good deals if overlevered precon flippers get cold feet. Take a look at former bull and now eat the rich bear Condoman98.... If I’m a buyer I’d love to pick one of these newly minted doomers off.
Longer term, mass open houses will recede in terms of importance (as if they ever were) ...private viewing still driving the brunt of serious buyers. Once risk taking comes back for the banks and the spread between govt rate and mortgage rates narrow, govt stimulus to get people working (like the home Reno tax rebate) ....its going to become sellers market again. May take awhile to get there, but it will.
And the bear? Still whining about boomers....cap rates should be 8-9%...and will in most cases very definitely miss whatever window emerges to buy. They will do it in the stock market, they will do it in RE. They just are not wired to take risk. They see a world where they are owed all the upside but on the back of knowing when the bottom is and therefore assuming zero risk. Zero risk, maximum return types.
- joepipe [OP]
- Deal Addict
- Jul 3, 2007
- 3318 posts
- 3648 upvotes
- Toronto
very much agree with you , the open house is all about psychology and creating a fear in buyers that other people are looking at the same house....cartfan123 wrote: ↑ The whole focus on open houses is a rouse to heighten fear and paranoia. Anyone serious in buying a house in this market can do the virtual open house and as the first wave passes book a private viewing.
Near term for sure it’s a buyers market where you get to buy without a gun head to your head in a bidding war, where you don’t have to make a rash decision on the spot. Prices however have not fallen off a cliff. In fact as house deliveries stall and some sellers pull their listings...we are in a bit of a vacuum. I suspect there will be some good deals if overlevered precon flippers get cold feet. Take a look at former bull and now eat the rich bear Condoman98.... If I’m a buyer I’d love to pick one of these newly minted doomers off.
Longer term, mass open houses will recede in terms of importance (as if they ever were) ...private viewing still driving the brunt of serious buyers. Once risk taking comes back for the banks and the spread between govt rate and mortgage rates narrow, govt stimulus to get people working (like the home Reno tax rebate) ....its going to become sellers market again. May take awhile to get there, but it will.
And the bear? Still whining about boomers....cap rates should be 8-9%...and will in most cases very definitely miss whatever window emerges to buy. They will do it in the stock market, they will do it in RE. They just are not wired to take risk. They see a world where they are owed all the upside but on the back of knowing when the bottom is and therefore assuming zero risk. Zero risk, maximum return types.
everything in RE marketing is designed to stir up the buyers emotions and fomo...
hence why there are ridiculous bidding wars still and buyers / agents completely over paying for homes with no need to...
- JayLove06
- Deal Guru
- Feb 29, 2008
- 14214 posts
- 10524 upvotes
Yep. Open houses are nothing more than agents building their client base. There are times where they’ll find buyers through an open house but it’s more of a rarity. Shit I go open houses with 0 interest if buying. Just go to out of curiosity.RealtorInvestor wrote: ↑ Honestly, open houses aren't even needed. Anyone who is serious can book an appointment and come see the place.
They are good in a hot market when you want to get a bunch of people in before the offer presentation date, but usually open houses are just to find those buyers who think they are saving money without an agent and then the listing agent screws them and double ends the deal.
- lpin14
- Deal Addict
- Nov 24, 2013
- 1384 posts
- 738 upvotes
- Toronto
July at the earliest if we peak by the end of April.