Posted 4.9.12 @ 10:40 by: Mike McEwen
We all know the saying “Buyer’s Market”, but if you’re selling your home this can be an awful thing to hear. When there are too many homes on a market people can use that as leverage to get a lower price on the home; this is fantastic if you’re buying a house (and you should if you can find one!), but if you’re selling you might be in some trouble. In Oakville, real estate is in demand, meaning there are fewer homes on the market to buy!
How a Seller’s Market Helps You
If you have real estate for sale, this means you’ll be able to sell it faster and for more money. The last thing that you want to do is have your home among the many Oakville homes for sale that just aren’t moving. You’ll have to pay for upkeep and to keep it on the market, hoping that someone will buy it. With so many people flocking to the area to buy homes, you’ll be able to get list price or maybe even more.
How Does This Affect the Real Estate Market?
If you’re buying or selling in Oakville or Glen Abbey, you’re going to have a fun time. In March, 35% of homes sold above list price. For some time now people have been paying less than the list price for Oakville homes, but now we’re starting to see properties selling very well. With a shortage of homes for sale, you’ll be able to sell your home for a fairer price.
Don’t Price Yourself Out of the Market
While it’s a seller’s market, that doesn’t mean you need to get crazy about selling your home. You might think you should price your house down to sell quickly, but you need to have your home at the real price its worth. People will wonder why you’re the steal of a deal in houses in that price range and you’ll have trouble getting real offers.
At The Goodale Miller Team, we can help you get the best price for your home. You won’t have to undercut the price of your home, and you won’t price it so high that no one will want to consider buying your property. You need to check out comparable real estate in Oakville to see what prices are like in your area; but the best way to do it is to make sure you have the best Oakville realtor to get you the best price for your home.