It's been a busy week in real estate, but one thing has been interesting when reviewing the sales for the week. There have been quite a number of conditional sales, 34 to be exact. That said, a number of homes listed this week are holding offers, so let's see what next week brings to really gauge whether this strategy is working again......every indication is pointing to yes.
So, as a buyer, how can you buy in this type of market? Be PREPARED! Hand everything into your mortgage agent so that you are 100% ready to submit an offer. This will help with eliminating or reducing the time required for financing. To get away from the multiple offers, look to older listings. They are going to be very motivated over the next few months to get their home sold before Christmas.
Sellers, make sure your house shows it's best and you hit the market at the correct price. The buyers are out there, you just need to attract them with the right strategy. Holding offers is not for every home.
On the list today is 35 Dougall, which is a great looking semi-detached on the east end. These typically have no problem selling and they are holding offers, so expect it to be a busy one!
Cheers and have a great weekend!