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Stephen Truong
Sales Representative, BComm

Royal LePage Signature Realty Inc., Brokerage
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Best Fixed - 5 year
2.89%
Best Variable - 5 year
2.7%

 

HOW REAL ESTATE MARKET CONDITIONS AFFECT YOUR OFFER PRICE

 

A hot market is a "sellers market". During a sellers market, properties can sell within a few days of being listed and there are often multiple offers. Sometimes homes even sell above the asking price. Though most buyers want to get a "deal" on a home, reducing your offer by even a few thousand dollars could mean that someone else will get the home you desire.

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