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. 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. Stay on a path of nice homes in nice neighbourhoods if you plan on being successful. Trust me, I have a very large network of Hamilton investors including myself so I know the best areas for investment. FYI – we’re hosting our next free webinar next week on Tuesday where I will present to you the Top 5 Neighbourhoods for investment. 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. Register HERE
By the way, keep your eyes on the headlines, as yours truly sold a house in Hamilton for $115,000 over asking. Hopefully the media will find that news worthy 🙂
‘Til next time – Happy Hamilton Investing Everyone!
Erwin | MrHamilton.ca
