ATTENTION HOME SELLERS
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.
