Tips and Insights

How can Joan and her Real Estate Family 1. help?

Good brokers/sales representatives save you time and money.

They know your community, they know what is important when buying and selling a home, and they know all the intricacies of the process, from finding a home, to negotiating a price, to closing a deal.

Joan and her real estate family 1. will:

  • Screen the available homes in your neighbourhood to make sure that the houses you view fit your budget and your requirements.
  • Give you important information on local real estate values, taxes, utility costs, services, and amenities.
  • Guide you through the viewing process showing you features you may not have noticed and problems you may not have spotted.
  • Advise you about your legal and financial options
  • Recommend expert help when needed, such as home appraisal, home inspection, and contracting services.
  • Manage your offers and counter-offers, and use his or her skills and experience as a negotiator to make sure you get the best deal possible.

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Market Conditions

How do market conditions affect my position as a buyer?
The real estate market is always changing:

Market conditions

Characteristics

Implications

Buyer’s market
The supply of homes on the market exceeds the demand.
High inventory of homes. Few buyers compared to availability. Homes are on the market longer. Prices tend to drop. More time to look for a home. More negotiating leverage.
Seller’s market
There are more buyers looking to buy a home than there are homes on the market.
Smaller inventory of homes. Many buyers. Homes sell quickly. Prices usually increase. May have to pay more and make decisions quickly. Conditional offers may be rejected.
Balanced market
The number of homes on the market is equal to the number of buyers.
Sellers accept reasonable offers. Homes sell within an acceptable time period. Prices are generally stable. More relaxed atmosphere. Reasonable number of homes to choose from.