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EPISODE · Feb 26, 2022 · 28 MIN

This Market Sucks

from The Vancouver Life Real Estate Podcast · host Dan Wurtele & Ryan Dash

While you mostly hear about homes selling for hundreds of thousands of dollars over asking price and homes selling in a week - it is far from rosy out there.   In reality, this market sucks.   It is so one sided that buyers are understandably having a challenging time.  There are stories of some buyers submitting 31 offers before getting one accepted!  Imagine that roller coaster. Ugh.   Lenders are doing their best to let buyers know it's all but impossible to make guarantees prior to an accepted offer - yet buyers have to go subject free.   Inspections are being waived and inspectors schedules are changing constantly.   Comp'ing a property has become all but impossible with homes often selling for 10% above any reasonable market evaluation.  Line ups down the street for open houses and double digit multiple offers are still the norm.  Fatigue set in some time ago and the market is running on pure adrenalin - it feels stretched to the absolute limit right now, and for most people, this market sucks. www.thevancouverlife.com_________________________________ Contact Us To Book Your Private Consultation:📆 https://calendly.com/thevancouverlifeDan Wurtele, PREC, [email protected] Dash PREC778.898.0089 [email protected] www.thevancouverlife.com

Episode metadata supplied by the publisher feed · Published Feb 26, 2022

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While you mostly hear about homes selling for hundreds of thousands of dollars over asking price and homes selling in a week - it is far from rosy out there. In reality, this market sucks. It is so one sided that buyers are understandably having a challenging time. There are stories of some buyers submitting 31 offers before getting one accepted! Imagine that roller coaster. Ugh. Lenders are doing their best to let buyers know it's all but impossible to make g...

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This Market Sucks

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This episode was published on February 26, 2022.

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