It's a good time to buy... Now, that may sound absurd to some of you but, hear me out. One of the questions that we get asked the most, is now a good time to buy? The answer is going to vary depending on the person and their circumstances but let's consider the highly competitive market that we came from.
Buyers had to spend a lot of time and money before even making an offer. Spending time doing their due diligence on the property they want to buy and spending money on home inspections without their offer being accepted. And if their offer wasn't accepted then you had to repeat that process again.
Interest rates were low, demand was high. Prices were going up really quick. Some buyers were afraid of getting priced out so they had to compromise, some more than others. The buying experience it was not all that great.
Whereas today, buyers, in most cases have more negotiating power and they have a little bit more time to weigh out their options/ weigh out their decisions. You can have an offer accepted and have your 7 to 10 days to do your due diligence at a more comfortable pace or in a more comfortable manner.
We don't know where the market's headed but given what we know today making the decision to buy is worth considering if you're ready to do so. Vancouver real estate will always be in high demand. You can have a successful purchase, sale, move in any market if you have the right people helping you.
If you'd like to have a conversation about the process about your local market reach out.
- Glenn Feldstein
Posted by Glenn Feldstein PREC on
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