Canadian Mortgage Information

Listing quality or luck?

June 24, 2008 · Leave a Comment

Over the weekend I had the privilege of assisting in a open house for a truly unbelievable Edwardian period character home in East Vancouver, the open was conducted on both Saturday and Sunday from 2-4 pm, as well as a ’sneak peak’ Thursday evening from 5:30-6:30. This home was one of those that you are truly proud to help show, all original un butchered mahogany woodwork, leaded and stained glass windows, pocket doors, a butler room and a basement suite with wine seller to boot! The house was partially staged and landscaping was in show home condition.

Thursday brought a few interested parties, mostly neighbors who new the homes pedigree, but a few interested parties, Saturday on the other hand turned into remnants of last year, we went through over 55 feature sheets and had to start limiting them to one per group! The open was heavily marketed using a variety of tactics from old fashioned legwork to the ‘ugly yellow signs’ but the turnout was one of the best I have seen all year. Sunday was much the same story; in fact the home had an accepted offer that was finished at 12am last night! A truly amazing feat as the purchase price was near the one million dollar mark, I should also point out that the home was on a smaller lot as the coach house had been build & sold off, property was stratified with a common backyard area, but one garage space owned by this house in the coach house.

Being that I have helped and held quite a few opens in my day and I keep hearing that ‘the market is slow, the pending Olympic meltdown, oil is at $136 US a barrel, the sub prime will happen up here or my favorite I am waiting till prices crashJ. It sure felt good be involved in something that positively proves all of this doom and gloom is wasted energy that becomes a self fulfilling prophecy.

Does anyone else have a positive story in this market they would care to share? Do you think it was simply the quality of the listing that made all of this happen or just luck?

Happy Selling

David Hudson

www.tddave.com

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