10% of the whole articleFYI I paraphrased the Wall Street Journal article due to the 10% copyright restriction at WS. Now that someone has copied the entire statement, I'm not sure I needed to do that?
10% of the whole articleFYI I paraphrased the Wall Street Journal article due to the 10% copyright restriction at WS. Now that someone has copied the entire statement, I'm not sure I needed to do that?
RSBMWARMINGTON: Someone could have entered Shermans’ home, lawyer says
January 10, 2018
"TORONTO — Could a killer of Apotex billionaire philanthropists Honey and Barry Sherman have obtained a key to their mansion through a realtor’s lock box stationed on one of the home’s doors?
....
"“Original photographs of the exterior of the scene (showed) a real-estate lock box which are notoriously easy to open. Open it, go to Canadian Tire and get the key made, return the key to the lock box and you have a key to the house.”"
Good question. I wonder what a Realtor says when showing the pool room and a Buyer notices the security camera and asks about the system... Does the Realtor say “Oh it’s broken, the Sellers didn’t feel the need for it to be operable to sell the home”. Makes me wonder if the smoke alarms were operating. If it was broken prior to the listing Realtor would have all the info in the disclosure statement. If it were broken after the listing the Realtor would be sure that it was repaired. All this is based on personal experience.
Regardless I am having a hard time processing the mindset.
I think it is okay to list in December, as I believe it *is* a time for less listings, but yet there are still buyers wanting to view and buy at that time, for various reasons.The whole timing of the listing has always troubled me. Who lists a couple of weeks before Xmas unless you have to? Their new house wasn’t even started, so it’s not like they could move right in. Barry didn’t tolerate what he perceived to be stupid people or stupid decisions, yet they get a realtor to list the house in December? The realtor would have told them Dec wasn’t a great time to list, yet they still made that decision. Seems inconsistent with Barry,s personality to me. I know this has been discussed before, but continues to puzzle me. I think something else was maybe going on here.
My guess is that the couple had wanted a camera in that area at one point in their lives so they could keep tabs on their kids when the kids were still perhaps younger and living at home? (ie perhaps just to ensure the kids weren't in the pool when they weren't supposed to be, etc.) Likely disconnected because no longer needed, and depending who ended up purchasing the home, the new owners may not have cared about a security system in that area either. I'm guessing it would have been established that any buyer wishing the system to be operational, (or even removed), would only have had to put it in the sales agreement. A purchaser may have had kids, or grandkids, and so they left it in case it may be seen as a feature - to be connected if desired... possible?Good question. I wonder what a Realtor says when showing the pool room and a Buyer notices the security camera and asks about the system... Does the Realtor say “Oh it’s broken, the Sellers didn’t feel the need for it to be operable to sell the home”. Makes me wonder if the smoke alarms were operating. If it was broken prior to the listing Realtor would have all the info in the disclosure statement. If it were broken after the listing the Realtor would be sure that it was repaired. All this is based on personal experience.
Regardless I am having a hard time processing the mindset.
These days, I'm not sure there's ever a bad time to list in Toronto. I expect it did have to do with them being away in Florida, and perhaps hoping to use the money from the sale for construction of their new house in the spring.The whole timing of the listing has always troubled me. Who lists a couple of weeks before Xmas unless you have to? Their new house wasn’t even started, so it’s not like they could move right in. Barry didn’t tolerate what he perceived to be stupid people or stupid decisions, yet they get a realtor to list the house in December? The realtor would have told them Dec wasn’t a great time to list, yet they still made that decision. Seems inconsistent with Barry,s personality to me. I know this has been discussed before, but continues to puzzle me. I think something else was maybe going on here.
Hard to say what the thinking was, I don't own ultra luxury real estate. But Toronto had just experienced an insane boom for several years, then the foreign buyers tax slowed things down in the summer of 2017. It could be they were worried prices would start to slide in 2018. Especially if you'd been in the market since the 70s, the boom and bust cycles in Toronto have been pretty dramatic.The whole timing of the listing has always troubled me. Who lists a couple of weeks before Xmas unless you have to? Their new house wasn’t even started, so it’s not like they could move right in. Barry didn’t tolerate what he perceived to be stupid people or stupid decisions, yet they get a realtor to list the house in December? The realtor would have told them Dec wasn’t a great time to list, yet they still made that decision. Seems inconsistent with Barry,s personality to me. I know this has been discussed before, but continues to puzzle me. I think something else was maybe going on here.
I think it is okay to list in December, as I believe it *is* a time for less listings, but yet there are still buyers wanting to view and buy at that time, for various reasons.
Mainly however, for this couple, this would have been perfect timing, just *because* they would be heading to FL for weeks, and it would give an opportunity for the house to be shown without inconveniencing them... also, with the couple *and* their realtor being Jewish, Christmas is not an issue.
These days, I'm not sure there's ever a bad time to list in Toronto. I expect it did have to do with them being away in Florida, and perhaps hoping to use the money from the sale for construction of their new house in the spring.
Hard to say what the thinking was, I don't own ultra luxury real estate. But Toronto had just experienced an insane boom for several years, then the foreign buyers tax slowed things down in the summer of 2017. It could be they were worried prices would start to slide in 2018. Especially if you'd been in the market since the 70s, the boom and bust cycles in Toronto have been pretty dramatic.
Thanks for the replies! Honestly, imo they certainly didn’t need the funds from the sale to build the new house. And I don’t honestly think Barry was concerned about whether the real estate market had slowed. The value of the old house only represented about 1/10 of 1% of their net worth, and a few hundred thousand in value was just rounding.
I can’t believe there have been no major developments in solving this case yet.
Wrong.'Successful' realtors are always going to have listings, most 'successful' realtors also have 'assistants', or sometimes work in 'teams', and even 'successful' realtors deserve and take vacations from time to time. Communication is easily done via phone, and even real estate contracts can be completed via fax or other electronic means nowadays. There is no reason for a realtor to have to be present in the flesh at every showing done by every realtor showing every one of their client's listings, and I feel confident that any client would need to be accepting of the fact that working with their chosen realtor may mean that at times they may be dealing instead with the assistant (or team member).
I don't know whether the news article got it wrong or not, however it wouldn't surprise me or make me think less of the listing sales rep to know she was away at the time..... although it does add another layer of weird coincidence imho, if she was out of the country at the time, in addition to the other weird timing things, such as:
i)the home had very recently been put up for sale on the open market so people could access the home, see photos and perhaps floorplans online, gather details about the property, etc.;
ii)HS was leaving for Florida within days, to be gone for a month, so it was one of the last occasions to have them together while the home was still for sale (nobody would know when it might sell);
iii)both husband and wife had been out of the house at a meeting together, at his office where it's possible that many people would have seen them and known they were there and not at home, just prior to this event;
iv)the weird timing of only days after the judge's decision to have the cousins pay costs to the billionaires regarding the 10 year lawsuit the cousins had already lost (twice? - I believe this most recent 'loss' was on appeal?).
Wrong.
In my mind, for TPS to have spent an entire month believing the crime was a murder/suicide, can only mean they must be grossly incompetent (and I don't believe that). At the same time, I don't personally think for a minute that BS killed his wife, or himself. I'm feeling super conflicted. jmo.
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