Relief

Some of you wondered why I decided to sell and move so abruptly. Well, the truth is the idea had been percolating for a long while. And then in August, I woke up to the economic situation. I believe house prices in Victoria (not to mention Canada), are heading south sharply, and will likely stay there a long while. Part of it has been looking at the indicators - eerily similar to those in the US before the housing crash. Levels of indebtedness, artificially low interest rates, changing demographics. All these feed into the bigger picture.

So I figured that if I was going to sell, and seriously extract money from the house, it had to be pretty much now. I worked like MAD PERSON for 3 weeks in August and September to get everything ready so I could be on the market by September 10. (And my Mom worked pretty hard too!) I worked with the Realtor to set a fairly aggressive price, one that would generate significant interest. And boy, did it pay off. Within hours of being on the market on the Friday there were viewings booked. By end of day Saturday, there were 3 offers on the table. I accepted one of them with the shortest condition completion date. A few short days later, the inspection was done, and all the subjects were removed. SOLD

And just in time too - according to House Hunt Victoria (which I have been following for a while), September is shaping up to be brutal for real estate in this city.

I know several people think I should have priced it higher. But what if it didn't sell? I needed someone to fall in love with it hard, and get carried away. Which is exactly what happened. Now, I didn't sell a lemon. This is a fantastic house. I just suspect that in 2 years they will regret paying $469,000 for a 2-bedroom home. Possibly sooner...

Hmm, I hope they don't stumble across this post, or House Hunt Victoria in the next 2 weeks! The sale is unconditional, but anything is possible.