A seller’s market occurs when there are more interested buyers than there are available properties.
A Seller’s market puts the seller in a better negotiating position. This type of market typically results in more multiple offer situations, higher prices and homes selling quicker.

Here are some factors that drive up the demand:

• Economic Factors – the local labor market heats up, bringing an inflow of new residents and pushing up home prices before more inventory can be built.
• Interest Rates trending downward – improves home affordability, creating more buyer interest, particularly for first time home buyers who can afford bigger homes as the cost of money goes lower.
• A Short-term spike in Interest Rates – may compel “on the fence” buyers to make a purchase if they believe the upward trend will continue. Buyers want to make a move before their purchasing power (the amount they can borrow) gets eroded.
• Low Inventory – fewer homes on the market because of a lack of new construction. Prices for existing homes may go up because there are fewer units available.

A buyer’s market occurs when there are more available properties than there are buyers in the market.
This puts the buyer in a good position as it provides them with more options and a better negotiating position when it comes to making an offer.

Here are some reasons why demand may go down:

• Interest Rates trending higher – the amount of money the people can borrow to buy a home is reduced because the cost of money is higher, thus reducing the total number of potential buyers in the market. Home prices drop to meet the level of demand and buyers find better deals.
• Short-term drop in Interest Rates – can give borrowers a temporary edge with more purchasing power before home prices can react to the recent interest rate changes.
• High Inventory – a new subdivision and can create downward pressure on prices of older homes nearby, particularly if they lack highly desirable features (modern appliances, etc.)
• Natural Disasters – a recent earthquake or flooding can tank property values in the neighborhood where those disruptions occurred.

A balanced market is the result of an equal number of buyers and sellers.
This typically results in less bidding wars and a less stressful buying process.

The market determines the value of your property and it is only worth what a buyer is willing to pay for it.

While considering an ideal listing price, it is important to consider the following important things:

• Location
• Size
• Condition
• Current market conditions (Buyer’s Market, Seller’s Market or Balanced Market)
• Community or Building Amenities
• Current Interest Rates
• Local competition

Location is usually the most important factor to take into consideration and is important to keep in mind while buying or selling a property.

An ideal way to determine the approximate value of your property is to perform a comparative market analysis (CMA) in order to compare your property to other similar properties that have been recently sold in your area, as it helps in estimating the most accurate value.

I will be more than happy to provide you with this information. Simply contact me to set up time to meet or provide me with your contact information and I can forward you this valuable information.

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I will market your property through numerous unique and effective marketing techniques. Some of these marketing techniques include Listing on MLS, Signage, Video Walkthroughs, Print Media, Social Media such as LinkedIn, Facebook, Twitter, Instagram, E-Mailers etc.
Social Media marketing is the quickest and the most effective way to market your property and we can target our audience directly.

It is crucial that your property be in the best possible shape for showings in order to demand top dollars. Both the interior and exterior parts of your property are important. Curb appeal can heavily determine whether or not a potential buyer decides to view your property in the first place. It is also important to declutter the interior of your home and pay attention to details.

A DIY project is highly not recommended and if you are going to get your property a fresh paint, it is advised that the color should be neutral, white color is widely used and recommended as it makes your home look neat and bright. Not giving the house a personal feel is the key, letting potential buyers imagine their personal touches to it.

Your property might have all of the bells and whistles and may even be located in a great location but if it is not priced right, you will find yourself sitting around waiting for an offer that may or may not come in.
It is important to determine an appropriate price for your property through the use of market analysis and comparative sales. In addition to this, pricing your property accurately can help place you in a strong negotiating position. Through professional market analysis, I can assist you with determining the right price for your property.

Home shoppers pay little or no fees to an agent to buy a home.

For most home sales, there are two real estate agents involved in the deal:

• Listing Agent – One who represents the Seller
• Buyers Agent – One who represents the Buyer

Listing agents represent sellers and charge a fee to represent them and market the property. Marketing may include advertising expenses such as radio spots, print ads, television and internet ads. The property will also be placed in the local multiple listing service (MLS), where other agents in the area (and nationally) will be able to search and find the home for sale.

Buyers Agents are compensated by the listing broker for bringing home buyers to the table. When the home is sold, the listing broker splits the listing fee with the buyer’s agent. Thus, buyers don’t pay their agents.

If the built-up equity in your current home will be applied to the down payment on the new home, naturally the former will need to be sold first.

Some home buyers decide to turn their current home into an investment property, renting it out. In that case, the current home will not need to be sold. However, your loan advisor will still need to evaluate your risk profile and credit history to determine whether making a loan on a new home is feasible while retaining title to the old home.

Buyers often have a short time frame to sell their current home when relocating to a new city because of a job transfer. If you are moving but taking a position with the same employer, check to see if they offer relocation assistance to help offset some of the costs.

By getting pre-approved for a mortgage, you are putting yourself in a much better negotiating position for when you find the perfect property. In addition to this, you are able to determine what you can afford before falling in love with a property that may be out of your reach.

That’s up to you!
For sure, home shopping today is easier today than ever before. The ability to search for homes online and see pictures, even before setting a foot outside the comfort of your living room, has completely changed the home buying game. Convenience is at an all-time high. But, nothing beats visiting a home to see how it looks and ‘feels’ in person.

As a your real estate agent, I will assist you with drafting, submitting and negotiating your offer once you have found the property of your choice. Most sellers prefer a “Firm Offer” with no conditions but it is common to submit a “Conditional Offer” that includes certain conditions to protect you as the buyer when not in a multiple offer situation. I can assist you with either of these offers and can effectively negotiate on your behalf.

Once the offer has been drafted, it will be submitted as soon as practically possible and the seller will either accept, decline or counter your offer. Depending on the response of the seller, I will take the appropriate steps to ensure that you are represented in a professional manner and kept informed throughout the entire process.