Market Conditions 101

Looking for your desired home should be an exciting time in your life. Often, this excitement gives way to stress as you discover that so many things are beyond your control.  If you are trying to do this on your own, the pain is even more evident without some expert help.

Understanding the current market conditions when planning to purchase a property is an important first step. News coverage of the markets can be confusing, and terminology can be misleading. Let me take a few moments to give you an overview of the 3 basic market conditions in the Real Estate Industry.

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Buyer’s Market

In a Buyer’s Market the supply of homes on the market is more than the demand. (fewer sellers and more buyers)

The results of this are:

1) Buyers have more to choose from

2) Buyers often can negotiate a sharper price

3) Buyers have time to think about a property before buying

Seller’s Market

In a Seller’s Market the supply of homes on the market is less than the demand. (fewer buyers and more sellers)

The results of this are:

1) Buyers have less to choose from

2) Sellers can negotiate a sharper price

3) Buyers must act FAST!

Normal Market

In a normal market, the number of sellers and buyers are on an equal standing.

The media reports on these markets in many ways, and sometimes the information they provide is stale-dated, or not applicable for your situation. Always call Hassenn if the media is reporting something that alarms you. He is on the “front-line” and can provide you with the custom information you need to make the best decision for you.

Market conditions can change rapidly, and the information must be used as a tool, not as a decision maker. Market conditions can be different from one neighbourhood to another, and the varying degree of conditions can influence the purchase or sale of a home against the common trend.

Hassenn, “The Good Guy”, can advise you as to what the current conditions are for your unique needs. He is proactive, energetic and most importantly, up-to-date and the latest Real Estate conditions, trends and forecasts. Years of quality service to his clients and having a daily pulse on the local market has made him indispensible in the search for the right property. You can find out what past home buyers say about Hassenn by viewing his testimonials, you will notice all buyers praise him on his thorough understanding of the market, his patience with new buyers and the desire to do the very best for his clients.

Let Hassenn allow you to enjoy the excitement of buying your dream home. By using his expertise to guide you through this, you can enjoy a stress-free, in-control and pain free experience!

Don’t risk losing out on the home you love at the price you love, give Hassenn a call for a summary of the market conditions in your desired neighbourhood.

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