MARKET CONDITIONS
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.
 
This insight will help you make informed decisions and avoid common pitfalls. With the right guidance, you can confidently navigate the complexities of the real estate market.
<img src="original_b4edce4c-b287-4f7f-9a78-0986275bd5a8.jpeg" alt="Living Room Coquitlam Realtor" />

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:

 

- Buyers have more to choose from
- Buyers often can negotiate a sharper price
- Buyers have time to think about a property before buying
- Sellers may be more flexible with terms and conditions
- There is less competition, giving buyers an advantage in negotiations

<img src="original_ebc7e773-1f3c-47b9-9137-44f66cd0d528.jpeg" alt="Living Room Coquitlam Realtor" />
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:

 

- Buyers have less to choose from

 

- Sellers can negotiate a sharper price

 

- Buyers must act FAST!

How to Buy a Home in Coquitlam by: Hassenn THE GOOD GUY
NORMAL MARKET
In a normal market, the number of sellers and buyers are on an equal standing.
 
Market conditions can change rapidly, and the information must be used as a tool, not as a decision maker. 
 
This conditions can be different from one neighborhood to another, and the varying degree of conditions can influence the purchase or sale of a home against the common trend.
How to Buy a Home in Coquitlam by: Hassenn THE GOOD GUY

MEET  "THE GOOD GUY" TODAY

With over two decades of expertise in the Greater Vancouver real estate market, Hassenn has successfully assisted numerous clients in buying and selling properties across various areas, including Coquitlam, Port Moody, Port Coquitlam, Burnaby, Surrey, Vancouver, Downtown, Northshore/North Van, Maple Ridge, Langley, Richmond, and N. Delta.

 

Hassenn's business is founded on principles of honesty and integrity, resulting in an impressive 80% to 100% of his clients being repeat or referred customers. You can verify this by checking his Google reviews. His background in engineering enhances his ability to analyze trends in the Vancouver real estate market, a critical skill in the dynamic Greater Vancouver real estate landscape.