Hard To Choose With So Much To Choose From

Buyers are having a hard time these days figuring out which home they want to buy. With so many homes for sale I am finding many buyers are torn between a number of properties and going back and forth between them. This is a great place for the buyer to be in, but causes a little confusion with our local sellers who are accustomed to being highly sought after. Lately I have been spending a great amount of time negotiating offers, and in that I have noticed that the most successful negotiations have been where the seller does not get frustrated with the buyer who is un-sure. I feel it is very important for sellers to accommodate the buyers while they are making these tough decisions, and to encourage the buyers to look around so they feel more confident in the market and in their purchase.

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Sales Are Slow But Steady

Over the past few months we have seen slow but steady sales in the Victoria Real Estate Market (in the 400 sales per month range). In my travels around the city, and in the many Open Houses which I host and visit, I am seeing a good number of buyers looking around for a new home. I believe that today’s buyers are seeing traditional market forces take the lead. I see birth, downsizing, and job transfer as traditional market forces for Victoria. In these traditional sectors of the market, we find ourselves working with people who usually have a better understanding of our local real estate market. Over the past month I have seen the buyers and sellers come closer together in what they think property is worth. In September and October I had a large number of possible purchases which fell away due to sellers and buyers not seeing eye to eye. It has been a difficult Fall market for both sellers and buyers.

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