July 15, 2015

Topsy Turvy Market

Buyers are quickly snapping up homes in the under $500,000 bracket as they seem to know it’s a great time to buy.  But, once again, we are back to where we started with very few homes on the market to sell.  When this type of market comes around, we normally see an increase in selling prices, but this is not happening.  There are a number of reasons for this, but it’s mainly due to the fact that buyers have so much more information at their fingertips with today’s mobile technology.  

Our last three new listings went under contract very quickly, one from our database.  Databases are very important as they contain legitimate clients actively looking to buy right now.  It is illegal to hold onto a person’s personal information unless we have their authority to do so.  We therefore make it a regular monthly/bi-monthly task to ‘wash’ our database and remove anyone that no longer requires our services.  By doing this we maintain a good quality and up to date database.  I’m sure you’ve all heard it sprouted that “we have thousands of buyer’s on our database”.  This sounds great but how many of those “thousands” of people are legitimate, have already purchased or are just stale buyers? 


We’ve proudly completed the first stage of the renovations to our cottage and hope the local community like what we’ve accomplished in such a short time.  It’s amazing what can be done to these character homes and we’ve really enjoyed the process.  If you’re passing by, please have a look and let us know what you think!

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