Hugh Dale Harris'
Homes On Line
in Ottawa & Rockcliffe

             

Guide to SELLING Your Home       " Understanding Market Conditions "

The real estate market is always changing. It helps to understand how market conditions can effect your position as a seller.

Market Conditions	Characteristics	Implications
Buyer's Market: The supply of homes on the market exceeds demand.	High inventory of homes. Few buyers compared to availability. Homes on the market longer. Prices tend to drop in this type of market	Your home may take longer to sell. Less negotiating leverage in terms of selling price.
Seller's Market: The number of buyers wanting homes exceeds the supply or number of homes on the market.	Smaller inventory of homes. Many buyers. Homes sell quickly. Prices usually increase.	May have more negotiating leverage and obtain a higher selling price for your property.
Balanced Market: The number of homes on the market is equal to the demand or number of buyers.	Demand equals supply. Homes sell within an acceptable time period. Prices generally stable.	More relaxed atmosphere. Buyers have a reasonable number of homes to choose from.

Return to Guide to SELLING Your Home

Hugh can send you information on any Property Listed For Sale on the Multiple Listing Service in the Ottawa area. If you would like him to help you locate a home, please fill out his help find a home form. Hugh has answers to a lot of your questions and more professional tips to make your real estate transaction more pleasurable. Call or e-mail Hugh or click on "Ask Your Own Questions." Surfing the Real Estate Board's web site or MLS.CA and found a house that you like but doesn't give you the civic address. Hugh can also help. Just fill out his would like an address form, pleased ! Or perhaps you are considering selling your home in the near future, he can also offer you a Free No-Obligation Market Evaluation Form. ©2007 - Hugh Dale-Harris. All Rights Reserved Copyright | Disclaimer Royal LePage Performance Realty is Independently Owned and Operated, Brokerage Designed and maintained by: John Smillie / Lasting Impressions