Friday, July 31, 2015

Market Conditions and Fall Forecast!

The summer market hasn’t slowed all that much for the properly priced home.  However, those left unsold are now going through the first phases of reductions.  Finally, we are being able to bring buyers into a house more than once and also able to negotiate somewhat.  There still are sellers who think they hold all the cards, but, buyers are now walking away.  Refreshing to see it actually as I have felt sorry for the buyers in this market having to switch gears so quickly in their search mode.  Lots of activity across the bridge into the Stoney Creek and Grimsby area markets.  The trend still is to move in the outer lying areas in an attempt to buy more house for the growing family.  But, the other end of the spectrum are also taking notice for downsize plans.  When you consider you can downsize in square footage and pick up the extra garage space, it kind of becomes a no brainer when you start to accumulate some toys!  Plus, Niagara is a spitting distance away as are the Buffalo and Niagara Airports for a quick flight to Florida. 

Friday, July 24, 2015

You Were Asking: Mortgage Broker or Bank

Finally, buyers are starting to see the benefit of utilizing a mortgage broker’s services to explore their finance options when choosing a mortgage.   A mortgage broker will be your unbiased resource to assist in sourcing out your best rate, term and option for savings.  Because they have no ‘attachment’ to any one bank, they can and will access the entire mortgage market to help you make the wisest choice whether searching for your first mortgage or renewing an existing one. 

Friday, July 3, 2015

Buyers Were Asking: Words of Wisdom - Food for Thought

Buying a house is not as easy as a lot of people think.  It takes a ton of thought, preparation, groundwork and patience.   We are hopeful to help put your concerns a bit at ease by saying, let’s take a step back and discover what we know and what we have yet to discover.  Our fear, always, is that you will  buy too big or too small or.....settle.  Don’t settle!  Your home will come just has yet to be listed.  Resale is much tougher as the selection, at any given time, can be limiting.   So, with that in mind, let’s send you on your house hunting tour armed with some information designed to assist in making things a bit more clear.  First thing in starting the process is back to your Girl Guide, Boy Scout basics.....Be Prepared......Prepare a  Must Have/Wish List.  If you are a couple.....two lists to begin with will set the tone, so, sequester yourselves in separate rooms and do your ‘homework’ – SEPARATELY.  Then, come back together to reconcile your lists to see how closely each other’s MUST HAVE and WISH LISTS match. We think you will be pleasantly surprised that you essentially really do want the same things. 

Your Must Haves are the important things.  They are things like # of bedrooms, Garage or Location.  Your Wish List are things that you’d be thrilled if you got them in amongst the Must Haves....things like pools, fireplace, basement walk-out.  In your prioritization, be honest.  Go with your gut and just write down as it comes.  It is in your heads, you just have not put it down on paper.  In your reconciliation, a pattern will most very likely emerge.  That reconciled list then becomes our house hunting list.  Have no fear...the list will evolve!  It always does.  

Download a copy of our Wish/Must Have List to get started!