When I meet someone for the first time, this is usually the first question I get asked! So.......how's the market?
There are 3 main "markets" in real estate: a buyer's market, a seller's market and a balanced market.
Right now in the Lower Mainland, we are in what is considered a buyer's market. What does this mean exactly? Basically, there is more inventory than there are buyers. If you are sitting on the fence and not sure if this is the right time to buy, this is a great time to make a move! With lots of inventory, comes lots of buying power.
What does this mean for sellers? Be realistic when pricing your home!! Like the Real Estate Board of Greater Vancouver said in the August 2, 2012 report, "it’s important to price properties competively." (http://www.rebgv.org/news-statistics/greater-vancouver-housing-market-hits-summer-lull)
How do you price your home competively??
Call me today (604-644-4190) for your free, no-obligation home evaluation!!!