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A Day In The Life - Real Estate |
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Friday, 05 February 2010, 03:25:28 PM | | We were just asked if the "Olympic Games" would be a good time to sell? For sure, we don't have any historical data on this (this is our 1st games afterall!), but we can state that the market at present is saying a big "YES!". Contrary to the different media reports, our Real Estate market is pretty much a "balanced" market, meaning no greater advantage to the sellers or the buyers. Having said this though, buyers would like to take advantage of the present financing offerings that are currently in place (low interest rates, longer amortization terms, pre-HST, etc.), as they have no gaurantees down the road. So in short . . . buyers are buying! The flip side to this is the home sellers. The overall product for sale is lower than in past and on top of this . . . many now listing for sale, are again being speculative in price (asking far beyond what probably the market will bear!). This is probably due to their "selective" reading of media reports that have stated the market is up X%. What they don't take into consideration is the fact many of these increases are based on a year's ago activity (when our markets crashed!). So, if you are thinking of selling while the "Olympics" are on, and you price your home at realistic values, then YES, it could be a fantastic time to sell! In fact, if you price your home correctly, you may realize the highest end of value due to the fact buyers are no dummies. They know market prices and will "swarm" to the well priced home over the others who are like "Eddie the Eagle", flying high with no hope of the gold! Thinking of selling or buying . . . what's your take on the market? | | Post a new comment | | | no comments so far |
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