Market Reports

Bruce’s Tips

2017-02-02

In the current market conditions and looking at how these are predicted to change in 2017, my recommendations to this year’s buyers and sellers are:

Sellers

If you are looking to sell in early 2017, it is important that you find the best agent you can to move your property in this inhospitable market. Rather than just looking for an agent who promises you top dollar, an agent who is aware of the current market conditions and is willing to work strategically market your property is the one you want to deal with.

Buyers

Luckily, buyers can afford to be choosey in this market, which increases their power to negotiate. My advice for buyers is to not be distracted by picking up the cheapest bargain you can find. Instead, consider location and the quality of the property as key drivers for decision making, as properties with these attributes will pay off in the long term.

As the market has started to turn, I would suggest making your move within the next few months to really take advantage of low house prices. If you’re looking to invest in an apartment, strike while supply and choice is hot before prices start to increase.

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