What is going on with real estate right now?
Recent rule changes to tax foreign buyers and tighten mortgage lending have introduced some uncertainty to our market – and as always, Buyers don’t like uncertainty. The result is that many Buyers are holding off on making a move.
Things for SELLERS to Consider:
In a slowing market, properties still sell – but not surprisingly, the best-priced ones sell first and fastest. My recommendation is that if you need to sell, price your home sharply; if you don’t need to sell, hold off ‘til the spring market (but talk to me now so I can help you ensure your home is ready for top dollar then).
Things for BUYERS to Consider:
Most experts are predicting that the current slowdown will not last (because our population is still growing, our economy is good, employment is up – all things that will drive demand). So you may be better off to make a sharp deal on a home you like now, rather than hoping it will be less expensive in the future.
If you are considering buying or selling a home I have the experience you need.
Call me if you would like current statistics from any local neighbourhood.