❌ Don't TRY To Sell Your Home This Summer 🇨🇦

Instead of recording this video and putting it out later on, why not go live here on YouTube and tell you all about the market. Including why you shouldn't bother TRYING to sell your real estate this summer.

- - -

** Start Your Mortgage Application Today**

** Need Home and Property Insurance? **
Use the company I use! SQUARE ONE:

Are you a REALTOR®? Want to learn how to level up your business?
💵 DISCOUNT CODE: Steve10 💵

🎙 Subscribe To The Tom Storey Show Podcast with Steve and Tom:
YouTube:

/ @thetomstoreyshow

If you are looking for help or have any questions regarding real estate in Surrey, B.C. or the Fraser Valley, please reach out below using which ever way is most convenient. We also service real estate sales Langley, Delta, White Rock, Abbotsford, Mission, and more Greater Vancouver Cities.
📱 call or text: 604-549-5828

The opinions expressed herein are solely that of Steve Karrasch PREC and not Macdonald Realty or the FVREB and should not be misconstrued as advice or the basis of an agency relationship whatsoever. Please consult your professional advisor prior to taking action on any decisions relating to the matters discussed in these videos. This communication is not intended to cause or induce breach of an existing agency agreement.

[izylord]

put your house on the market and let nature take its course

[markhoffman]

Our friends sold their house. They simply dropped the price 20% less than what they would have asked last year, boom gone. Now they swapped for cheaper house in a different town

[BuccaneersBliss]

Well, that's you're opinion. But many, many people in the industry disagree.
We are in the early times, here in Canada, that we haven't been in for a long, long time.
House prices in Canada are rediculosly unaffordable and will likely tumble.
lower mainland is different because of foreign money.

We shall see.

[StevenFeldman-wo]

Enjoy your videos - seme of the best insight and common sense advice about Real Estate and the Surrey market. Cheers.

[Jed-pkzg]

I sold my home a year ago and I'm very glad I did. I really believe we are slowly headed for turbulent times. It may take another year or so before the general public really believes this but we are headed in that direction for sure. When you borrow way beyond your means you MUST pay the loan back and we have not even started to do that yet. Greed has got us in the position we are in, as it eventually always does. 2-3 years from now many people (it only takes 2% of people) will be in a panic, and that will begin to crash the market. This will help to get us closer to the real value of real estate and the next generations will hopefully be able to buy in eventually. We honestly have no other choice if we want to have an economy and society that works for all.

[richman]

My wife and I are first time home buyers and watch your videos daily! In a previous video you mentioned offers being around 97% of asking when active listings are at the level they are now. Does this apply to the townhouse market in Langley?? Thanks for all your hard work! Go Lions!

[FlavortownFreddy]

Way to go Steve. Another one! We the best -- in the analysis.

You should do a prediction episode like you did in the previous years, just for the fun and see how accurately you predict. Again, for fun and we will be able to look upon this in the future haha

[realismatitsfinest]

I think this depends on where you live. The majority of Canadians live in bigger cities. But selling in rural settings might be easier or harder. But I think he's specifically talking about those house selling and buying in bigger cities. I inherited my home and never spent a cent buying it. So, even selling my home for $100 would be a profit to me. That said, I would price it at market rates and then reduce it by 5-10% ... I'm sure it'll sell faster than most of the houses out there that are overpriced (i.e., market price).

[jessefaw]

Lots of listings. Over a hundred new ones in Hamilton since Canada Day. At this rate, inventory will be up 50% by next July. I hope it reduces prices, or keeps a lid on some ... lets pray for the sake of our poor nation

[tyrellboake]

Is that a True Classic T-Shirt? Looks fresh 😂

[dootdoot]

I think once stock get's better and a little more days to average sale we will start to see the couples start to sell their renovated home that they worked on over the last 5-7 years that will test market conditions for well put together stock quality while they then re-enter the market to trade up in size or location to start the cycle again. Alot of these buyers have been stuck into 5 year cycles waiting for the market to replenish stock of properties that have solid upward potential. Generally I think Abbotsford are the next spots to boom like Langley for the de-tatched home segment as Manufacturing is getting pushed out of the downtown core due to taxes and costs, Moving affluent skilled workers to that market to avoid the commute.

[sarahdee]

The only direction for housing prices is to go up and up and up and up. It's called supply and demand.

[opheliastanton]

My property price is what the appraisal value of the property as I had it appraised before I put it out in the market been sitting in the market for the last 3 months, no offer few viewing. Where did I go wrong with this?

[VarunKpt]

Hello Steve,

Do you think we will see steep price drop in the detached home in Fraser valley ranging from 1.1 to 1.3? If yes, for how long this downtown will continue until Dec 2024? Any guess on the price drop magnitude? Do you see things getting better next year or even worse with so many renewals coming especially from June 2025?

[apocalypse]

Next 8 months will be volatile time to buckle up

[Mizsheen]

Real estate agent inventory is too high they better go back to selling weed

[LeslieMiletich]

Just to let you know I could barely hear you on my imac.

[StandupForHumanityBItsLate]

What should people do who have purchased a presale in the Guilford area with a completion of Fall 2024? We know now that pre-sales are not a good investment, but did not know 2 years ago when the purchase was made. Any helpful tips for such situations?

[georgeleduc]

Does this stand for high end condos too?

[PWingert]

What does the high end market 4M+ 4K sq ft. look like compared to the general market?