Buyer's Guide - Information makes the difference.
What Are Market Conditions?
  • The real estate market is always changing. It helps to understand how market conditions can affect your position as a buyer.
  • Your agent can provide you with current real estate market conditions and explain their impact.
Buyer's Market
The supply of homes exceeds the number of buyers (supply is greater than demand). In this market prices tend to drop and the homes stay on the market longer. Thus your home may take longer to sell and you will have less negotiating power in terms of the selling price. Fortunately you will be in the driver's seat when making an offer on your next home.
Sellers's Market
The number of buyers exceeds the number of homes on the market (demand greater than supply). In this market prices are increasing and homes sell quickly. As a seller you will probably have more negotiating power and obtain a higher selling price for your property. Unfortunately you will be on the other side of the fence when purchasing your next home.
Balanced Market
The number of homes on the market is equal to the number of buyers (supply equals demand). In this market, prices are stable and homes sell within a reasonable period of time. It is a calm atmosphere with buyers having a satisfactory number of homes from which to choose.
Buyer Information Index:
» What are your costs?
» What are Market Conditions?
» Why a Pre-Approved mortgage?
» Elements of an offer
» Making an offer
» Home Inspections are a must
» Homeowner's Insurance
» Land Transfer Taxes
» Helpful Moving Tips
» Why hire a legal professional?
 
 

Lena Falcone, B.A., MSc.Ed.
- Sales Representative -

afalcone@trebnet.com

Right At Home Realty Inc., Brokerage

7045 Edwards Blvd., Ste. 401, Mississauga, Ontario L5S 1X2

Phone 905-565-9200

Fax 905-565-6677

Not intended to solicit properties currently listed for sale
or individuals currently under contract with a brokerage.

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