Market Direction

You would have to be living in a cave not to know that it's been a Buyer's market for the last several years. While I'm not prepared to predict a reversal of that is quite here, recent events suggest that there may be a shift in that direction.

In the last several weeks I have written two full price offers for Buyers seeking waterfront properties only to find ourselves competing with multiple offers that resulted in "bidding wars". Certainly an enviable position for a Seller to be in, but somewhat frustrating for a Buyer who, if interested in pursuing, ends up paying over the asking price.

Can this be true? Yes it is. And I'm hearing similar stories from some of my colleagues. If you are a Buyer who may be waiting for that right opportunity, the opportunity is now. With good lending rates and attractive properties priced right, this is an ideal time to find that Home Water you've been dreaming of. Don't get caught in the Seller's Lane...Head on down the Buyer's Road!

Thanks for visiting our blog. You can also keep up with Bear at Exploring River Country & Twin Bridge Gillie.