As a real estate agent, the question I’m often asked, whether I’m at the supermarket, a party with friends, or at a restaurant from a server, is usually “what’s happening in the market?”. As we might all know, the media can be a very scary place. It is often the source of prevalent information on current trends, but can also create a circulation of irrational fears.
Many people I encounter are under the impression that the real estate market is “SLOW” or that we are in some sort of recession. The good and bad news here, is that this is not the case!
The good? Houses are selling and people are buying. Just in the last couple of months I have continuously seen homes sold within a week with multiple offers. As such, I have many times, called about property showings to find out they are already sold before viewing. This applies to condos, townhomes, and detached homes; none are excluded.
The bad? This misinformation creates complacency. We now encounter many people who feel it is still a buyer’s market and end up placing themselves in many situations where they lose out on the perfect home. The worst feeling is finding the perfect home, imagining a life there, then losing it in a multiple offer situation. Then, what’s even worse? Having this happen over and over again!
As real estate advisors, we are here to make sure that doesn’t happen to you. In today’s market, pricing and timing is everything. This is why we have systems in place to help you beat out other buyers in getting the perfect home.
If you would like to stay active and be notified about the true market trends, just let us know and we can definitely provide you with that information.