SUCCESS STORIES

Sold Date: 02/12/22

This property is a raised bungalow in an older neighborhood. The interior of the property started out as original before being listed on the market. In order to get the value the home deserved we needed to showcase it in a way that buyers could see its potential. We decided we would upgrade the main floor of the property but leave the basement original for leasing potentials for the new owners of the home. We renovated the kitchen, the floors and repainted the home. Doing this makes the place seem brighter and bigger. Once renovated we would stage the main floor to enhance the renovations. Homes that require less maintenance and work are usually more appealing to buyers. Also, homes that are fully renovated may not always appeal to all buyers because everyone has a different home style.

The home was originally purchased at $605k as an investment property. When we listed the home, there were a few competitors as well on the same street. With competitors around, there is a greater chance our value may go down if the respective seems more appealing to buyers. As soon as we got a good offer we were happy with, we didn’t wait and accepted. We didn’t try to see if we could get more or keep competing. We were happy with the investments we had already made. Sometimes, if you choose to wait, you may not get any offers at all or less. It is best to take advantage of an opportunity when it is first presented to you. We accepted our offer at $1 045 000 and 418 Colborne St was sold!

“The little things can give you more than you ask” – Dinah Wong

Sold Date: 02/09/22

This property is a townhome in the Cornell Community of Markham. It has 5 bedrooms, 4 baths all in approximately 2500 Sq Ft with a stunning rooftop terrace. This home was purchased in 2020 for just under $1 M before they decided to list a year later. Just before listing, a townhome in the same neighborhood had sold roughly around $1.4M with the similar layout but one full ensuite less. Based on comparable prices, this townhome should sell for more considering the current sellers market during this time.

Location is a very big factor to consider when buying a home. This factor in particular for some buyers could either make the deal or break it. This could send people away without wanting to even view the home. When we listed 84 Cornell Center Blvd, this was one of the issues some people had to consider.

This property was located at the end of the street and facing the street. When you looked outside the living room window the street extended down the road. Although the home was beautiful, modern and very well kept the location was a challenge when trying to sell this home for market value. Some people of asian ethnicity have religious suspicions that are considered unlucky about homes facing the street called “Feng shui”. They would not consider the home if this was its location. The neighborhood was very asian populated and therefore, majority of the showings were from people of that background.

We had many offers but they were under market value and listing price. Into the second week on the market, we had a buyer interested in the property as an investment and was willing to put in the offer we asked for. My client's plan was then to look for a rental property but she no longer needed to. The offer resulted as the perfect trade off.

My client is now renting out the same property she just sold and our buyer has a new investment property with the tenants she just purchased the property from. This deal made a full circle and was worth patiently waiting for.

“The little things can give you more than you ask” – Dinah Wong