Previously -
Step 1 - Determine What
you can Afford
Step 2
Understanding Market Conditions
The Real estate
market is always changing. It helps to
understand how market conditions can affect your
possition as a buyer.
Following is
information regarding market conditions and what
they mean. Your Realtor can provide you with
current real estate market conditions and their
impact.
Buyer's Market: The supply of homes on
the market exceeds the demand. This condition
allows more time to look for a home and more
negotiating leverage.
Seller's Market:
The number of buyers wanting home exceeds the
supply or number of homes on the market. With
this condition you may have to pay more and make
decisions quickly. Conditional offers may be
rejected.
Balanced Market:
The number of homes on the market is equal to the
demand or number of buyers. This condition is
a more relaxed atmosphere with a reasonable number
of homes to choose from.
Next month.... Step 3 -
Obtain a Pre-Approved Mortgage
This
information is provided by Kathy Murphy, your Royal
LePage Key Realty Agent.
Kathy says: "Why Wait!" Take advantage of fantastic
interest rates, leveled home costs and home
improvement government rebates! Let me help you find
your dream home with a mortgage that can cost you
less than rent!"
For more information and
home buying advice contact Kathy today!
Kathy Murphy
519-330-4543
email:
kathymurphy@royalkey.ca |
