“Not a Single Offer!” – Change in the Vancouver Real Estate Trenches

This from realtor Jeff at Rob Chipman’s blog 06.22.08 at 10:10pm

“No open houses for me this weekend. Why bother, no one would show anyhow. I have 8 listings sitting on the MLS and I got 1 phone call for a showing for Monday evening. The seller did 2 price drops on that particular listing and the 2nd price drop got processed on Friday. Time and time again, I have proof that price is the single biggest factor influencing the sale of a property. If any Realtor tells you they have a 20 point marketing plan… it’s BS. If they tell you they have a full marketing program and promise significant exposure… again it’s BS. I’ll tell you what sells properties… MLS and PRICE.”

This from house browser Anonymous at Rob Chipman’s blog 06.22.08 at 9:41 pm

“Went to total 10 open houses this weekend. Most were recent listings (2 weeks or less) and the prices were “reasonable” (priced sharply!). With at least four of the openings, we were the only family there at the time. At all of the openings we attended, the real estate agents were extremely courteous and took their time showing us place and answering our questions. (One called me back today with an answer to a question I had from a showing yesterday!). There were 2 homes where the real estate agents said the sellers were very motivated and would like to see an offer. I just may put an offer on one of the homes.”

This from house browser exx at Rob Chipman’s blog 06.22.08 at 9:46 pm

“We went to 6 open houses today in Port Moody, completely at random but all 2bed/2bath, which is what we’re looking for. They ALL had 3 things in common: 1. 60+ DOM, 2. Motivated Sellers, 3. Prices reduced repeatedly (20-40K). Another thing in common, though with the realtors, was the acknowledgement of a very different market. A couple of them pushed the “It’s a buyers market now, you have room to negotiate” line. Room to negotiate? Yes. Buyer’s market? Not yet, but it’s getting there! I got to talking with one of them who went off about how last year at this time there would’ve been multiple offers. Now she’s insisting to people, us included, to just MAKE an offer.”

This from Anonymous at Rob Chipman’s blog 06.23.08 at 10:05 pm

“Spoke to our realtor yesterday (Master Medallion 7 years, sold our house in a week last year). He has 12 houses posted on MLS and not a single offer!”

2 responses to ““Not a Single Offer!” – Change in the Vancouver Real Estate Trenches

  1. Pingback: Psst… Wanna Buy a House « Discovering The Secrets Of Vancouver

  2. Pingback: Psst... Wanna Buy a House | Discovering The Secrets Of Vancouver

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