I did an Instagram Post about 3 things that both Buyers & Sellers should keep in mind when they come back to real estate after a summer break.
- EXPERTISE-work with an experienced agent, 1 who has worked in more than just a Sellers' market. Many realtors haven't so may not have the expertise to know how to craft a deal or negotiate with agents they've never met before. Negotiating with multiple offers is very different than working in our current market.
- LOCAL-get information that applies to the area in which you want to buy or sell. Headlines in the media are general as they are providing information to a wide range of people but you need specific information to help you make decisions. It might be the same OR it may be very different.
- MANAGE YOUR RISK-for both this could mean trying to "time the market" which is high risk as very few have ever done it successfully with too many factors beyond our control. For Buyers the risk could be losing out on a home because they thought the price would come down. What's more important-price or home? Vancouver always has a low supply of good homes so it could be a while before another comes on market & who knows where prices will be then? For Sellers the risk could be around when to sell. We know approximately what a home might sell for now but don't know what that price will be in in 3 or 6 months or even next year. How much risk do you want to take?
Get smart Buyers & Sellers! Start with these 3 ideas as your foundation & go from there.
Contact me with any questions.