What A Week! Bidding Wars Continue in Central Districts
Thanks to everyone that came out to our open house last weekend at 196 Roselawn. Despite the weather (rain on Sunday) we had over a hundred sets of propective buyers (and some neighbours too..you know who you are!) through. This home had great bones but needed an update and there were a number of buyers ready to take the challenge. Unfortunately only one set of buyers can 'win', so to speak. We felt badly that not everyone that made an offer got the house, as we met many wonderful people at our open house who submitted a bid on Offer Day. Congratulations to the new owners! We hope you have many happy years here as did the previous family.
HOW REAL ESTATE MARKET CONDITIONS AFFECT YOUR OFFER PRICE
HOW DO REAL ESTATE PROS PRICE A LISTING?
If you are buying a home, then, before you decide on whether this home is your dream home, the following checklist will help you look at prospective homes with a critical eye. We suggest printing this page and putting it on a clipboard. When you find a home that really interests you, mark the features you see and note their general condition on this list.
A hot market is a "seller’s market". During a seller’s market, properties can sell within a few days of being listed and there are often multiple offers. Sometimes homes even sell above the asking price. Though most buyers want to get a "deal" on a home, reducing your offer by even a few thousand dollars could mean that someone else will get the home you desire.
A very accurate saying is that "Any home will sell once you get the price right." Of course, this is usually said from the perspective of dropping a price until it's too attractive to pass up. Actually, the accurate pricing of your home prior to listing is as much an art as it is a science.
