With CMHC forecasting “steady housing demand in Ottawa as employment and earnings improve”, a balanced market will be news well received by many as we wind down one of the most wonderful Summers (weather-wise) in recent years and hope for an Autumn that treats us just as well!
This month, the focus is on our Buyers and the message is: ‘it will pay to think more like Sellers these days’. Some advice for those beginning or continuing their house hunt in today’s Ottawa market:
A recent renovation or improvement is always nice to see from a Buyer’s perspective, but the Seller will be trying to recoup as much of the investment as possible. Buyers who have been on the other side will certainly understand this, but with the help of your Realtor, and some realistic thinking on the Seller’s side, true value can be determined.
Smart Buyers understand that some Sellers may attempt to downplay or even conceal issues in the home and are looking at more than the overall aesthetics. Looking deeper into the condition of a home for evidence of any foundation problems or the need for roof repairs, for example, and asking appropriate questions will put Buyers in a good place to make a solid offer.
The Fall real estate market looks to be promising for Buyers and Sellers alike. Savvy Buyers on the hunt now, who can put themselves in the Seller’s shoes, will be in the best position to secure the home of their dreams. We look forward to helping you get there.
Happy House Hunting!
Christina Colton, Sales Representative