“Here’s the final installment of ‘My Sister is Trying to Sell Her House in Coquitlam.'”

oneangryslav2 at vancouvercondo.info 29 Sep 2010 12:55pm“Here’s the final installment of ‘My Sister is Trying to Sell Her House in Coquitlam.’
To recap: put it on the market for (now I can be specific) 689K at the end of June, had some looks and a few open houses over the course of about 8 weeks, then lowered the price to 655K in late August. This caused a spike in interest and it was sold about 10 days later for full list.
The new owners? A young, married couple with a newborn, who had sold their old place (townhouse) and had to be out by the end of September, and were in a rush to find a place to buy and move into (like the thought of renting for six months never occurred to them–though, if they purchased the townhouse a few years ago they would have benefited from the rising market and the capital gain upon sale and who wants to be “throwing money away on rent” anyway!).
They will be putting in a kitchen downstairs in order to have a mortgage helper. It’ll be interesting to see what kind of financial shape this young family is in in 2020. As for my sister and her family? Renting, and plan on doing so for about two years.”

One response to ““Here’s the final installment of ‘My Sister is Trying to Sell Her House in Coquitlam.'”

  1. I truly feel this family will do just fine. With the equity from their previous townhouse and with a mortgage helper. They are in very good shape; a sound foundation with a resourceful game plan. It’s these qualified buyers that are purchasing a long term place to live and to raise a family that will ride out the storm ahead. It’s their decision not to rent and continue being home owners; nothing wrong with that. Doesnt mean this young couple will do any worse than your sister and her family. Please do let me know on September 29, 2020 the financial shape of this young family…sort of young; I guess…by then.

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