Why Is Now A Great Time to Buy A Home?

The real estate market is changing, here’s what you need to know:

I’ve had a lot of people asking me what’s going on in the Fraser Valley real estate market lately and the truth is, it’s cooled down a bit and is starting to become a more balanced market.

I’m seeing less multiple offer stations which is allowing buyers to do their due diligence in regards to things like property inspections, reading reports, getting their finances in order and not feeling pressure to make decisions at such a rapid rate.

The Fraser Valley Real Estate Board saw May 2018’s active inventory finish at the highest level since September 2015, increasing 18.9% month-over-month and 29.5% when compared to May 2017.

Ever since signs of the market shift I’ve been telling my buyers this is a great time to be a homebuyer in comparison to this time last year. The current transitioning from a seller’s market to a more balanced market, gives buyers more confidence. Signs are pointing to a balance market for the rest of the year, which means that you can buy a home for a very fair price.

If you have been planning on selling soon, don’t panic! Sales continue to be strong and there’s plenty of potential for sellers if you understand the market and price effectively. Buyers who are purchasing at this time are very serious, and they won’t buy your home if it’s overpriced. This runs the chance of your home sitting on the market. 

On the flip side, if you under price your home in an attempt to entice a bidding war, you could get less than you anticipated. Your best bet is to price accurately and have the marketing behind the property to ensure you obtain top dollar.

If you need assistance buying or selling or just want to discuss market trends, please don’t hesitate to contact me. I would love to set up a meeting with you.

For more useful information on becoming an educated buyer in today’s market, contact me for a free copy for a Becoming an Informed Home Buyer guide.

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Dave Masson

Founder/Realtor® Team Lead/CIR REALTY Vancouver Owner

Dave graduated from BCIT with a Diploma in Professional Sales and Marketing and began his successful real estate career in 2010. He received the prestigious Rookie of the Year Award from Royal LePage in his first year. Since then, Dave has consistently ranked among the top performers, placing in the top 10% of Royal LePage agents from 2013 to 2015 and in the top 5% from 2016 to 2019. He is highly regarded by clients for his negotiation skills and client-centric approach, ensuring they get the best possible price for their home sales or purchases in the shortest time.

Outside of work, Dave loves connecting with people and organizes various family fun and client appreciation events throughout the year. In his free time, he enjoys staying active at the gym, playing hockey on multiple teams, and cherishing moments with his wife Kristy and daughters Kashton and Quinn. Giving back is also a core value for Dave, as he serves on the board of directors at Ruben’s Shoes Society, a local non-profit organization that builds and supports schools in impoverished areas. To raise funds for this cause, he annually hosts Ruben’s Classic, a hockey tournament.

Dave’s dedication, expertise, and commitment to his clients and community have made him an exceptional real estate agent. With his extensive track record of success and his genuine care for people, he continues to make a positive impact in the industry and beyond.

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