What’s Happening in the Nanaimo Housing Market?

Published By: on July 31st, 2011 in Category Nanaimo Real Estate News
Published By: on July 31st, 2011 in Category Nanaimo Real Estate News

WHAT’S HAPPENING IN THE NANAIMO HOUSING MARKET?

I’d love to tell you what the future holds for the Nanaimo housing market, but the truth is this: Nobody knows. Experts are saying that the market is “unusually unpredictable”. Who knows what the future holds? With the U.S. still in deep do-do and the rest of the world in flux, Canadians are collectively holding their breath, waiting to see what happens.

Meanwhile, here in Nanaimo, there is a large inventory of properties for sale and interest rates are still low, so it is a good time to buy. Having said that, if you have a property to sell first it is a tough market. To sell your home in today’s market you need to do 2 things well: sharp pricing and proper staging. If your home is priced to sell and stands out from the competition, it will sell.

If you are worried about the current market value of your home being lower than you would like, it can be helpful to remember that the value of  the houses in your area rise and fall together.  The price of that house you want to buy will have risen or fallen by a similar percentage as the house you want to sell. Your net gain or loss will not be drastically different.

You really need to begin by getting an assessment of your home’s current market value. Give me a call at 250-802-9810 and I’ll help figure out what price range you should be shopping in.

Love Real Estate Group

Testimonials

I am a happy repeat client. Love Real Estate Group sold my two previous houses selling/buying and a lot purchase within a few years. She had lots of patience, listened to me and helped me figure out what do I want and what is the best for me. She was trying to find a real home for me and was not a just rush to push me to buy and move on type. I had a small budget to buy a lot to build on and Love Real Estate Group was an awesome negotiator. I went through many hurdles with these 3 sales and purchases. Every time I had an issue, Love Real Estate Group helped me out and I was able to carry on to get my home. Love Real Estate Group are not simply selling or buying a house for me, They made my dreams come true and can make yours come true as well. They are my tailor-fit realtors.

Eliah Kim

My wife and I bought a house through Love Real Estate Group and we are very happy with the entire process. They are thorough, honest, diligent and hard working. It was easy to discuss various options with them and we felt comfortable at all times working with them. We’ve since recommended them to friends and will continue to do so.

Martin and Apple McGeough