There is more good news for both buyers and sellers as confidence in real estate is at a 5 year high.
"The Bloomberg Nanos Canadian Confidence Index climbed to 59.2 for the week ended June 27, from 58.5 in the prior period. The percentage of respondents who believe home values in their neighbourhood will increase in the next six months rose to 44.1, the highest since the fourth quarter of 2009." (Jamie Henry, Real Estate Wealth, 30 June 2014)
If you are thinking about selling, now is a great time to put your home on the market. With our long winter this year many buyers delayed their shopping for a new home, they are still out there. Your home could be the one they are looking for but so far haven't found.
Another plus is that mortgage rates are still low and it's an opportunity for buyers to take advantage of these low rates and perhaps move before the new school year starts. Low rates are good for sellers as well if they are also purchasing another home.
Over the summer months we tend to see fewer homes entering the market and then a rush as people list in the fall as they return from vacation. Why not beat this rush and get your home on the market now when there is less competition?
If you are thinking of buying or selling, give The Beardsley Team a call today at 613-821-2384 or 613-552-0851. We will update you on your local market and review your best options with you.
Bev and Keith Beardsley
Setting the Gold Standard for Service