Real Estate Advice 5 April 2021

Not Everything Is Selling

NOT EVERYTHING IS SELLING

Despite all of the hype and rave surrounding the Grey Bruce Real Estate Market, it may bring comfort to some that home sales are not as blown up as some would have you believe.  While it’s true that there is a certain category of homes* that if priced correctly, are almost always attracting multiple offers and selling for over asking; there are also a substantial number of homes and properties that are not moving. 

*it appears that most in-town bungalows, and well priced starter homes, along with waterfront properties are particularly hot at the moment.  Hobby farms with good homes are also in high demand. 

Offer Less

One thing is for certain, if Sellers get too rapacious, they may find themselves with a stale listing that doesn’t sell.  For the right buyer/buyers agent, these homes may present an opportunity to offer substantially less than the Seller is asking and secure a property!  

Look At Homes Above Your Price Range

If you are a buyer losing out in multiple offers, ask your Realtor to search for homes ABOVE your price range and report homes that have been sitting on the market for an extended period of time. 

Ask Your REALTOR®

A new search on the board today revealed over 200 active listings with approximately 100 of them being active on the market for more than 30 days!

If you’re not currently working with a REALTOR® feel free to reach out to one of our World Class Realtors.