Thursday, July 7, 2016
Judy Marsales, Broker of Record
General Real Estate Advice
Quoting the famous line, “It was the best of times – It was the worst of times”, our real estate market can currently be defined in that paradigm. If you are selling, the market is strongly in your favour. However, a Seller needs to be well informed with respect to the possible range of value and the best methods of attaining the highest and best price in this dynamic market place. If you are buying, you may feel the challenge of low inventory of available properties, competing offers, and the frustration of not having your offer accepted. What are the best strategies to consider?
When Selling – do not be “penny wise and pound foolish”. The internet has proven to be a wonderful source of information but the data does not always equate to the best outcome. The commission you may pay to a Sales Representative should be viewed as value and the service provided as a resource to achieve the best outcome. The net return of working with an experienced, knowledgeable sales representative has often been more beneficial to the seller due to the knowledge, exposure, and negotiation guidance in this current market climate. If you are buying in this market, you want to have a very good understanding of your financial picture. We are currently enjoying historic low interest rates but the signals suggest that could change – albeit slowly, but one must consider all the variables. Do you plan on upgrading a home? Have you researched possible home inspectors? If you are considering an urban purchase, have you read about some older systems – wiring, plumbing, heating? How much are you planning on spending on improvements? Work with experienced sales representatives who can help you understand the best strategies in a multiple offer scenario and by extension, reduce your frustration. Call our office for the latest information and professional real estate guidance.
Bay Observer Article – written by Judy Marsales, Broker of Record, Judy Marsales Real Estate Ltd. Judy is a frequent contributor of articles on the Bay Observer website.