Thursday, March 31, 2016
Judy Marsales, Broker of Record
Local Hamilton Market Conditions
House values in Canada have been a topic of much discussion across many forms of media this year. Some cities have seen incredible activity and outcomes.
The impression by many who read these headlines or follow the social media links is to assume that every neighbourhood and every home regardless of size, style, or shortcomings, may be enjoying a similar crazy market. Unfortunately, this is too often not the case.
One example is our local real estate market which seems to be very misunderstood. Property values have been increasing as a result of a very limited supply of available homes for sale. We are currently experiencing a very strong "Seller's Market" due to this reduced house availability. The demand side of the economic equation is healthy and more balanced. This market requires the consideration of appropriate strategies, whether buying or selling to have the most successful outcome.
However, when it comes to your own home, it is sometimes difficult to separate personal attachment or emotion from market value which suggests that it is even more important to have a professional sales representative review the parameters of value.
If you are considering selling, it may be wise to have a complete understanding of a range of potential value so as to: not leave any money on the table and to ensure you attain the highest and best return without scarring off the potential buyers. Call us for a no obligation "Opinion of Value".
If you are buying, work with an experienced sales representative who can provide you with all the latest real estate information - not just the highlights from media headlines. Knowledge is power. We have the knowledge…let us help inform one of your most important financial decisions.
Business Link Hamilton Article – written by Judy Marsales, Broker of Record, Judy Marsales Real Estate Ltd. Judy is a frequent contributor of articles on the Business Link Hamilton website.