Hello Everyone with Real Estate Investments in Hamilton Ontario!
Would you believe a 100 year old house that “needs a lot of work done” managed to sell for $300,000 in the Stinson neighbourhood of central Hamilton as a Hamilton home owner sells house for $100 000 over asking?
“A home on Grant Avenue was up for sale, the owner asking $199 900 for it and she got a lot more than she bargained for, selling it to a local buyer for $300 000.
The house was built in 1908 and needs a lot of work done on it, but it was on the market for just 1 week. There was a total of 9 offers some local, some out of town….
…this is the highest over-ask the City of Hamilton has ever seen and that there are a number of factors that may have contributed to it, including the amount of immigrants moving into Southern Ontario and buyers from the GTA looking to purchase in a hot market.”
I sent the article to a REIN member/client of mine who has a house on Grant, I’m sure he’s doing back flips 🙂 Getting into a quality property in a quality neighbourhood is not easy these days but when was the last time anything got easier. Â If you are still in acquisition mode please do not get discouraged and venture into the low demand, low income areas that you would be afraid to walk at night. Â Stay on a path of nice homes in nice neighbourhoods if you plan on being successful. Â Trust me, I have a very large network of Hamilton investors including myself so I know the best areas for investment. Â FYI – we’re hosting our next free webinar next week on Tuesday where I will present to you the Top 5 Neighbourhoods for investment. Â Make sure to register as you don’t want to miss my insights into neighbourhoods for which you should focus on as an area expert. Â Register HERE
By the way, keep your eyes on the headlines, as yours truly sold a house in Hamilton for $115,000 over asking. Â Hopefully the media will find that news worthy 🙂
‘Til next time – Happy Hamilton Investing Everyone!
Erwin |Â MrHamilton.ca
