Fort Sask NOW in a BUYER’S MARKET! Here’s 3 Reasons SELLERS Should Be Happy!

10-6-2015 11-53-24 AMCasual real estate followers will often peruse websites like KellingtonREG.com and publications to see what’s new on the market and what is selling in Fort Sask. They often gather from listing prices a general feel of what the market is favoring; buyers or sellers. Right now it’s certainly taken a shift with growing inventory and because we now have over 250 listings (condo and single family combines) on the market it’s safe to call this a buyer’s market.

reduced-real-estate-comic-cartoon-inman-newsThat’s FANTASTIC if your looking for a new place to call home and we want to help make that happen for you! But what if you are a seller in today’s market? Or what if you have to sell your home in order to buy? It’s good news for you too, and here’s why.

REASON #1 SELLERS CAN BE HAPPY
Growing selection in Fort Saskatchewan means growing interest too! A small selection of homes on the market often raises prices and frustrates buyers. They can’t find exactly what they want, and yet they know they are paying a premium to buy! NO ONE wants to get screwed in a deal, often times buyer’s get frustrated and just walk away from buying at all! First time buyers tend to shut down first and that has a domino affect. CONVERSELY, in a Buyer’s Market they are treated to wider selection of styles and choices. Buyers can look with options and have confidence that they are in control. It’s contagious as excited buyers share their good news on social media and with friends. First time buyers inject much needed early capital in the market which gives higher price points movement too!

LOW LOW LOW Interest rates help the market move!

Low interest rates mean buying a home right now is WAY cheaper when you do the long term math!

REASON #2 SELLERS CAN BE HAPPY
Borrowing the capital is cheaper than ever! Not only are interest rates incredibly low, they also are being offered for ridiculously long terms! Meaning you can get into a home for less monthly, and less over the length of the mortgage, making your home purchase cheaper than ever! LITERALLY 10’s of thousands of dollars in your pocket rather than the lender’s is great news. You can pay off your home sooner, AND get the bigger home you wanted AND STILL be ahead of the game! Our lending partners have been able to write INCREDIBLE mortgages on homes, and that is something that DOESN’T happen if you wait for a hot market.

Home Selection is always nice :)

Increased selection gives buyers confidence and helps the market get moving!

REASON #3 SELLERS CAN BE HAPPY
Apples to Apples. When you sell in one market and buy in the same market you really can’t lose! In fact if you sell less than you thought, but save on the purchase price AND get a lower interest rate and longer term, YOU WIN VERY BIG! Seller’s tend to look only at their selling price, but when all factors are involved you actually stand to keep more of your money with the current market trends, that if the market suddenly turned HOT! Especially if you are moving up in size or buying newer.

The key is to have an experienced professional give you a COMPLETE picture with all the details. That’s where we come in. At the Kellington Real Estate Group we are watching markets daily to provide YOU the most accurate information. We can translate that into best market pricing and biggest value in your purchase. We provide a level of expertise that can give you greater confidence moving forward. Call us today to take a closer look at your real estate needs, and get us working to turn your dreams into reality.

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