The Greater Vancouver real estate market is booming! Already historically low mortgage rates are said to be dropping again in the near future and the Mainland Chinese are buying buying up the view properties. Buyers are responding to well priced properties, often resulting in multiple offer bids where sale prices far exceed the asking price. Even during the Christmas season, the market remained strong considering the interruption and many properties that hade been the market for a while were suddenly selling.
The key element to attracting a willing Buyer/s with a great offer is to ensure that the original List price is attractive to potential Buyers, perhaps, multiple Buyers. Home buyers are savvy. They have access to a lot of information on and off the internet. More often than not, they are very familiar with current market values. Over-pricing in this marketplace will likely lead to a lot frustration for the Seller - meaning no offers or low ball offers. Most over-priced listings ultimately result in a price reduction so why not price the property sharply from day one of the listing and hopefully, sell your home earlier in the selling cycle rather than later? The best offer usually comes in the first 2-3 weeks of listing your property for sale. Why miss that opportunity? If I can assist you with establishing current market value of your home for the purposes of listing and selling, please phone me!
Call Susan J. Weeks at 604-761-4859 or email susanjweeks@telus.net