Is Now A Good Time To Buy
Historical market trends shows that there are two times in a year when it is typically a better time to buy, even though it may be a Seller's market. House prices tend to fall during the summer months of July and August as well as the winter months of November to mid January. During these months, you are likely to pay less for your home as there tends to be more inventory on the market and fewer sales during these months. As a result negotiations tend to be more favorable for the buyer than in other months as well there is more inventory to choose from.
Outlook for 2024, we are expecting to see increases in home prices starting late January and through the year. This is based on the increasing immigration and an increasing demand for housing. Additionally, there are now predictions for interest rates to drop in the second half of 2024. This may create more buyers entering into the market. With this in mind, the upcoming months of November 2023 to mid January 2024, may be the best time to buy, just before the typical cycle of house price increases and prior to any interest rate decreases.
Is now a good time to buy? YES!!! Start your search now, and be ready to buy when the market is right!!! Use the form on this page to contact us or call/text Shawn Kelly at 416-905-4057 or email - firstname.lastname@example.org or fill in the form on this page, and we will get back to you.
It is key to understand the market for your specific neighborhoods and type of home, as market demand can be different, with some home types and areas more advantagous to buy. It takes a fair bit of work to manage a buyer's specific market for your home type and locations. At the Real Estate Success Team, we take the time. It can save you $1,000 on your purchase, buying at the right time and location! When you sign up with us, you are assigned a Real Estate Broker and a Market Specialist. Our team will assist you in defining what you need, including Neighborhoods to consider. We will set you up on our website for as many search alerts both for new home listing alerts and sold alerts for in the areas of interest to you. Addtionally, we work diligenty in setting up as many viewings of homes as you want to see. Our Marketing specialist will provide you with a neighborhood reports, marketing analysis of the neighborhoods and very timely alerts to market changes, both up or down for buying. Our team knows how find homes that are most likely to get a good deal on. This is key to finding you a home you can afford and start building equity.
If you want to track homes available for sale in your desired neighborhoods, or, as well as what has been sold recently, and other pertinent information, such as days on market, check this website home page https://www.housesunder1million.com. Select your home type, price range (note you can select a price above $1million) and other search criteria. You can save your search and receive emails for any updates for that search criteria. You can save as many searches as you like.
If you are not sure how much you can afford, check out our calculators for Land Transfer Tax costs, Mortgage Affordability Calculator, Mortgage Caluclator and CMHC Premium Calculator: https://www.housesunder1million.com/Calculators