Sunday, 13 August 2023

Greed, Real Estate and the Role of Realtors in the Housing Market - Patti Steele, Realtor / Grabbler

 Home for sale at 41 Charlotte Street Sackville..

this is a great example of greedy people operating in the marketing of homes locally.  Case in point:

Listed in 2023 for $379,900 with Patti Steele, realtor with Re/Max "Platinum Award Winner" on Instagram.. "when you love what you do it doesn't feel like work" says Patti ... does it feel great to get wealthy by simply brokering a product built over a century ago in a small town with limited homes..

Patti Steele -REALTOR® (@pattisteele_realtor) • Instagram photos and videos



This unimpressive home sits on under a 1/2 acre in town was built in 1920 .. its a "flipper" old home as it sold for $185,000 in 2022.

Considering the almost $200,000 price difference someone has to explain what is going on here?

This is used by the owner as a 'rental' property...

"Listing Description

Welcome to 41 Charlotte St, Sackville NB! This income property offers 5 bedrooms, 2 baths, has seen many updates and is nestled in the downtown core! Through the front door is the entry leading to a spacious living room, formal dining room, and a renovated eat-in kitchen. Main floor also offers a 3pc bathroom and a large mudroom with laundry. The main staircase leads to the second level, and provides access to 3 bedrooms, a back staircase from the kitchen leads to 2 more bedrooms and a second 3 piece bath. A private back yard surrounded by trees, with a great sized deck and shed for storage or even a studio space. Updates to the home include: asphalt roof shingles (2014), vinyl windows (2002), ducted heat pump with electric back up (2022), spray foamed basement and under back mud room (2022), 200 amp breaker panel (2022), updated kitchen( some new drywall, new counter tops, added cupboards) (2022), some new flooring, and fresh paint. Excellent location with a 2 minute walk to Mount Allison University and just steps to downtown. Currently rented until May 2024, buyer to assume the lease. $2375/monthly, utilities included. (25928543)"

For sale: 41 Charlotte ST, Sackville, New Brunswick E4L3T2 - M153645 | REALTOR.ca



No comments: