Understanding Market Conditions

Market conditions Characteristics Implications
Buyer’s MarketThe supply of homes for sale on the market exceeds the demand. High inventory of homes. Few buyers compared to availability. Homes are on the market longer. Prices tend to drop. More time to look for a house. More negotiating leverage.
Seller’s MarketThere are more buyers looking to buy homes there are homes on the market. Smaller inventory of homes. Many buyers. Houses sell quickly. Prices usually increase. May have to pay more and make decisions quickly. Conditional offers may be rejected.
Balanced MarketThe number of homes on the market is equal to the number of buyers. Sellers accept reasonable offers. Homes sell within an acceptable time period. Prices are generally stable. More relaxed atmosphere. Reasonable number of houses to choose from.
Closing the deal

Closing the deal

It’s an exciting time. Your offer has been accepted. You can’t wait to move into your new home.  But don’t start celebrating yet.  There is one final stage involved in purchasing a home — closing the deal. Closing is the point at which ownership and usually possession of the property is transferred from the seller…

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Home Inspections

Home Inspections

A home inspection prior to purchasing a home or condominium can bring peace of mind when you sign the sales contract. Knowing what to expect both inside and out will help you make an informed decision about the value of the home and the future upkeep. A home inspection accomplishes two important goals. First, it…

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On the Move

On the Move

There’s little doubt that Canadians are on the move. Whether moving from an apartment to a home, apartment to apartment or home to home, moving is no simple matter. With careful planning, however, your transition can be facilitated in an organized and efficient manner, allowing you the peace of mind you need to settle into…

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