Posted 3.29.13 @ 9:0
A buyer’s market means that conditions are favourable for you getting a good deal on Oakville real estate; this doesn’t have to mean that the prices will be extremely low either. You don’t want to buy a cheap house, you want to buy a great house that you can sell if you need to. Here we’ll discuss what a buyer’s market is and why Oakville is one right now.
What is a Buyer’s Market?
A buyer’s market (as opposed to a seller’s market) means that buyers have plenty of options to buy a home. They’ll be able to choose from many different styles, sizes and types of Oakville real estate (incuding Oakville luxury condos, row houses, old Victorians, etc.) With so many homes on the market and so many buyers, it’s a good balance of luxury and attainability. Right now we also have the Canadian housing boom with low interest rates, so it’s a great time to invest in real estate; you’ll be able to find a second home (for vacations or rental properties) at the right price.
Isn’t it a Seller’s Market Too?
Competition is high when selling homes for sale in Oakville right now, but that doesn’t mean that home sellers will have problems moving their homes either. If you’re selling a house, remember that things may have changed since you last bought a house. People’s expectations and the way they shop for houses have changed drastically in the last 5 years, not to mention 10 or 20. You’ll need our help to get on Realtor.ca (where most people and realtors look for homes!) and to make sure your home is marketed appropriately. Making sure your home is priced in the right price range for your neighbourhood and the prospective buyers checking it out doesn’t hurt either.
Now is the Time to Buy
With interest rates at the lowest they’ve been since the 80s, you’ll be able to get financing for a beautiful Oakville home for sale, and you’ll have your choice of lenders! If you’re trying to buy a second home or your first home, we’ll help you find the one that’s right for you. It’s important to make a list of the things that matter to you; what do you need to be near, what you want to be far away from you. All of these things will help you make the most of your choices and make sure you buy the right piece of real estate.
If you would like to explore your options, let us help! We’re experienced Oakville real estate agents who know how to find the best home for you. From a cute cozy bungalow to the highest luxury Oakville condo for sale, you’ll be able to find what you want. With so many different homes available, now is the time to find the one that’s right for you!