Prices are continuing to climb and there does not seem to be any shortage of people wanting to buy homes in the beautiful Fraser Valley. The market is still very active, albeit slightly slower than the last two years, which had incredible numbers of homes flying off the market.
All in all, we will see a more balanced market this year. Houses will take a bit longer to sell than they would have last year, and there will be much fewer bidding wars. This will allow Buyers to take their time to look at a fair number of homes before making their decision. What a relief!
Last year if Buyers thought a home was close to meeting their needs, they had to rush to put in an offer before it got snatched up by someone else. Bidding wars were not uncommon, when homes were priced well, and it was a very strong Sellers market indeed, with a shortage of inventory compared to the number of people looking to buy.
Working with a REALTOR® is still your best bet of getting the best price for a home you have to sell, or getting the best price and terms on the home you want to buy. REALTORS® are knowledgeable about market value, so they can price your home correctly and ensure that they use their marketing expertise to gain the maximum exposure of your property. They also will put their negotiation and contract skills to work for you, to ensure that your best interests are served.
If I can be of any help to you, please do not hesitate to give me a call.
604-820-7733.
Cyndi Polovina
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