Real Estate

Whitby Outlook / Selling House

  • Last Updated:
  • Sep 15th, 2021 9:44 pm
[OP]
Member
Jan 26, 2021
200 posts
142 upvotes

Whitby Outlook / Selling House

Hi there
I’m looking to sell a house in Whitby for the 1.1-1.2M price range. Most likely will list low and generate a bidding war. Was wondering if it would be good to list now or wait and list in May when the shutdown is over? Any opinions on how the Whitby market is doing ?
9 replies
Deal Addict
User avatar
Mar 30, 2010
3507 posts
1621 upvotes
Greater Toronto Area
Now.

OSFI is proposing a slightly more stringent stress test that's coming into effect June 1st, meaning there's going to be more FOMO at least up until that date.

That means I'd aim for a closing date before June 1st.
RichmondCA wrote: Leading indicator on bear market, when you see this avatar start popping up in this thread
Deal Addict
Jul 12, 2008
4500 posts
1301 upvotes
GTA
Now
- Most people are insanely bullish on housing at the moment
- The prospect of work from home won't be better than now with record case numbers (WFH might decline as things return to normal)
- Interest rates remain very low
- Policy changes coming like the one from OSFI won't come in time to impact your sale
- The last year has seen some incredible run up in prices including as much as 45% in Orillia and closer to 50% in Sarnia
Deal Addict
Feb 19, 2019
1638 posts
2496 upvotes
Stouffville ON
The market is still strong and good properties are selling very well.
Can't predict the future though.
Full Time and Full Service Realtor
Banned
Jan 13, 2018
35 posts
24 upvotes
samrulesmonopoly wrote: Hi there
I’m looking to sell a house in Whitby for the 1.1-1.2M price range. Most likely will list low and generate a bidding war. Was wondering if it would be good to list now or wait and list in May when the shutdown is over? Any opinions on how the Whitby market is doing ?
Why do you want to generate a bidding war?

To prey on those with compromised psychology?
Deal Addict
May 9, 2017
1204 posts
1298 upvotes
Brucey wrote: Why do you want to generate a bidding war?

To prey on those with compromised psychology?
It's not the seller's fault if a buyer overbids on a property.
The seller should try to sell their property using a strategy that maximizes the price.
"Prey" and "comprised psychology", give me a freaking break.
Deal Addict
Jun 18, 2020
2381 posts
2833 upvotes
Brucey wrote: Why do you want to generate a bidding war?

To prey on those with compromised psychology?
Yes. That's exactly what I'd want a bidding war for, as a seller. Probably not the words I'd use, but they're accurate words.

If that bugs you, maybe leave the conversation to the adults in the room.
Deal Fanatic
User avatar
Sep 14, 2006
9331 posts
2105 upvotes
Brucey wrote: Why do you want to generate a bidding war?

To prey on those with compromised psychology?
What? LOL

OP should sell it for half price, half of the market value just to appease the group with "compromised psychology."
TEAM CANADA!!!!!!!!!!!
Deal Fanatic
Mar 27, 2004
7063 posts
5017 upvotes
Toronto
Brucey wrote: Why do you want to generate a bidding war?

To prey on those with compromised psychology?
How were you even a realtor before?

And bumping a thread that went silent 5 months ago.
Full-time Realtor

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