Thursday, February 4, 2010 2010 is here...and with it the Olympics!by Russ Qureshi on Thu, Feb, 4, 2010 04:24 PM It's been awhile and, as I just watched the Olympic Torch go by in Lower Gibsons, I thought I should write something on my blog. This has been an unbelievably busy January! Hard to say what's driving the market presently....I don't believe it to be a single thing...more like several things....Olympic hype, continued low interest rates, renewed buyer confidence. It will be interesting to watch the Olympic angle play out....I have no idea how that's going to go so I am not willing to offer an opinion:-(. The continued low interest rates and an increase in buyer confidence are huge drivers for the market however and this should last for the next little while.
I will offer a bit of advice for sellers. We are going to see the market flooded with inventory over the next several months. We are seeing it already with over 40 new listings (all property types) on the Coast this past week. If you're selling you'll be facing some stiff competition. Make sure you price it right and make sure you show your home well. This means considering staging it....many folks don't buy into the home staging shtick. Personally, I'm sold! I understand it's an extra expense but you should weigh that against the time savings on market (you will spend less time on market if your home is staged) and the fact that you will get closer to your asking price. De-personalize, de-clutter and make it easy for the buyer to get in to look. Every variable under your control should be geared toward making it easy for a buyer to purchase your home.
If you're wondering who might be a good home stager to go to feel free to contact me! Good selling!!! |
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