Saugeen Shores Real Estate Buzz

Here are a few more thoughts about the real estate market in Saugeen Shores.  Now, as much as we are hearing depressing news on a daily basis with the stock market, the banks, the loss of jobs, etc. there is a little bit of positive news.  Here in Saugeen Shores, as in most other communities,even though the banks have tightened up on their lending policies (in some cases), there are still lots of houses presently on the market waiting for some Buyers.  Let’s put a positive swing on things; perhaps with the lower prices, investing in real estate would be a little better that the stock market at the moment or this may the time to purchase an investment property or maybe as a first time homebuyer, the prices are getting into the range that you can now afford to purchase! Our interest rates are still at a fairly low level and along with the reduced prices, as a potential first time buyer, you may be able to get into the market and pay the same or a little more for a mortgage as you are presently paying for rent.  What goes up does come down BUT what goes down usually goes back up so this may be your time to get into the real estate market in Saugeen shores!

I am not about to impart good news here!  If you are at all familiar with not only our local real estate market but the real estate market at large and even beyond…you will not be surprised when I tell you that our house prices have fallen.  In the best of times, it is not necessarily the easiest thing to tell someone what their home is worth because even though we do this on a daily basis, there is always someone who thinks that their house is just a little nicer than the neighbours and therefore worth $20,000 more!  Not!  Now we are into a time where not only have the prices dropped but with the new assessments just released, we are sometimes seeing houses prices now below the new assessment price as done by MPAC.  The good news is, yes there are Buyers out there and yes, they will buy ,but no, they will absoluelty not pay more than what the market dictates even if you do have central air and central heating as well as a beautiful location with lots of trees!  The bottom line homebuyers is this, if you want to sell, you need to price your property realistically for today’s market and not for the market that we saw in the last two years.