Sold Date: 07/13/2023
A cozy and modern 1 + 1 bedroom with 185 Sq Ft terrace unit located in downtown Toronto. A great layout for singles or couples and is move in ready.
I was helping my client to sell their condo because they needed more space as they were looking to start a family of their own. They purchased this condo during the sellers market when condos were doing very well selling. This meant prices also increased. Most first time buyers will purchase condos to get their foot in the door and that’s exactly what my clients did. However, the difficult part of selling now was that we were no longer in that type of a market. Prices were dropping and listings were sitting much longer on the market. We needed to sell quicker to avoid prices from dropping further. Ideally we want to sell higher than purchased but it was looking like we would be selling it for the same price or less.
When we got an offer, I used my negotiation skills to hopefully convince the buyers to offer us listing price or close to listing price. We cooperated and were very transparent with the buyers which helped build their trust. Given our current situation and the timing we accepted the offer closest to our listing price. During a time like this, if you don’t take your best offer you may not get one at all. We were happy to accept and sold for $685,000.
“The little things can give you more than you ask” – Dinah Wong
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