Market Update:
- Analysis of the current real estate market (David Gorski) Month over month analysis, avg. price, avg. days on the market, absorption rates (April 2021)
Body: Buyers & Multiple Offers
- What buyers are experiencing
- 5 tips that buyers can do to prepare before starting their house hunt
- 3 reasons why we are seeing multiple offers:
- Low interest rates
- Lack of inventory (historically always wrong time to sell, covid 19, tough to buy)
- High demand (Canada has been rated as a top destination to live in the world, stable economy, immigration policy)
- Legal pitfalls of not including home inspection conditions
- Legal pitfalls of not including financing conditions
- What happens when there is a firm offer and the house does not appraise before closing
- Highest offer doesn’t always win ……. (stories from our perspective)
