Finally, it seems the Buyers will be getting a break with more inventory coming to the market.
What does that mean for the sellers? More competition, that's what it means. The sellers will have to be more realistic in their pricing and not be too greedy.
With plenty of properties coming to the market, the buyers will be able to take some time to choose. Because of the new mortgage rules, and the uncertainty of the direction of interest rates after July, there will be good activity and the sales should continue at a decent pace. Also, the looming HST coming in July, which should keep the activity in the new construction department at a high level as well.
And after that? It's a bit of the guessing game. I think it's SELLERS BEWARE! With the pace of the new listings coming to the market, some of the sellers will be caught, like they say, "with their pants down"!
No disrespect here to anyone but "pricing your home right",will never be more important, and especially if you have to sell your home.
We will just have to keep an eye ouit for this trend and see if it develops in something more important.
Until than, if you have to sell, be reasonable, your competition is getting larger and the buyers will be getting choosier.
If you thinking of selling you may want to request this valuable report; "27 Valuable Tuips, You should know, to get your home Sold Fast and for More Money"
If you are looking to Buy or to Sell real estate in Vancouver area, give me a call. My consultations are FREE. The benefits to You, may be worth a lot of money.
Call Jeff Stark at 604-506-8481 or email me at jeff@jeffreystark.net
