Real estate brokerage Buy the Shores of Georgian Bay Inc. has plenty of advice for those looking to learn when the right time is to buy or sell a home.
The brokerage’s owner Therese Schell has been selling real estate for 40 years and she works with knowledgeable Realtors. Recently the Brokerage celebrated a decade of being in the business in the Huronia Mall. The real estate professionals know their market and can discuss the variety of changes with their Buyers or Sellers.
“I love helping people, and so does every co-worker and administrative personnel in this company,” she said. “We’re successful due to the professionalism of every co-worker in this company,” she said. “We have a vast knowledge of the area and the special features we encounter. Our goal is to keep our client's best interest as our primary concern, understanding the current real estate market and providing excellent service for our clients.”
While every brokerage has access to the same tools and systems, their service is what sets them apart.
“We are a smaller brokerage, but our service we provide to our clients is what makes us different. When our clients need help, I know my co-workers and I have been there,” she said.
A buyers' market means there’s more homes for sale, sales aren’t as competitive, and buyers have more time to do due diligence. Before starting to search for your home, the Buyer(s) should obtain professional financial guidance thru their lender or mortgage Broker and be pre-approved for a mortgage. Know what your price range matches the mortgage available to you and find a real estate representative to work thru this process.
A Sellers’ market is the opposite. It is when there are less homes for sale and several buyers looking at the same time. Sellers prefer this market because they can obtain the best price, in the least amount of time, with the least amount of inconvenience. When selling, your home should be inviting, projects completed, personal items packed away, to allow buyers to see the assets from their first visit.
“Having a realtor to help you with preparing your home for the market, is as important as pricing your home according to the real estate market you are selling in. The pandemic created a huge demand, and a shortfall of homes for sale. Those conditions have changed. We are no longer seeing Buyers offering more than the asking price to secure a home.”
Watching the market is crucial to ensure you are either able to sell your home for what it’s worth or not overpay if you’re buying.
Knowing the value of your home also provides knowledge. Market watching, understanding the market changes and past trends and knowing the different conditions at the time someone is buying or selling their home is most often the responsibility of your Realtor, Lender, Financial Advisor, and Appraiser. Relying on their experience & knowledge will help make decisions on how to move forward.
The cost of buying a home will continue its steady climb, and if you qualify for a mortgage, owning can be more advantageous over renting. Know your price range, if it’s not your forever home, make improvements over time, then sell. Each step gets the buyers closer to the home they want to have for many years.
It costs nothing to find a Real Estate Sales Representative, you can meet, sit and talk, and get the information that will help guide you.
