Here is a home located in Stouffville on Richard Underhill Ave. This is a detached home with 4 bedrooms and 3 baths in approximately 2500 Sq Ft living space.
With interest rates rising during the time of the market, prices of homes were no longer selling as high. We initially listed this home at $1.39 M. The home was very well kept, required no minor fixes and presented well already without any staging.
When listed, the home had a few showings. At a total of 19 days on the market, with lack of showing activity, I advised that it might help bring more activity by lowering the price. We dropped it slightly to 40k less from listing price to $1.35 M.
During this time, I had another client who was looking for detached homes and townhomes. I had taken them to see other townhomes in Stouffville and mentioned my own listing, 52 Richard Underhill Ave. They showed interest and the moment I showed them the home they instantly fell in love with it. After a bit of negotiating and adjustments with the commission to ensure the happiness of both my buyer and seller, the home was purchased and sold firm at $1.33M.
“The little things can give you more than you ask” – Dinah Wong