Okanagan City to Country

To Buy or Not To Buy...That is the Question.

Chris Holm — Fri, 14 Nov 2008 06:19:00 GMT

Do I make an offer on a home I really like or do I wait? This is a question that runs through many Buyers minds during these uncertain times. Many buyers hearing advise from friends and family. "The market is still dropping." they say. "Wait till spring, prices will drop more."

With massive price drops in the U.S. many people in Canada are assuming we will suffer the same fate. Many Sellers are of the same mind set and that is why now is a good time to make an offer. By the end of 2008 we will have had approximately a 9% correction in single family home prices. Although there may be a bit more correction I believe the market will stabilize by Spring and prices will level. Sellers will have a more realistic outlook regarding pricing and this will be reflected by pricing their homes at or close to true market values. This will allow the sellers to accept offers that are closer to the true value of the home.

When a home has been on the market for a long period of time and the Sellers have not seen an offer or maybe a lower offer they didn't accept, they will most certainly think twice before rejecting an offer. Everything you as a Buyer think and feel the Sellers are most certainly feeling and thinking the same. Great deals can be had if you take the first step forward. If you see a house you like, don't wait for the price to drop, make an offer or someone else eventually will. This is not a time to be fearful, if you are qualified to buy a home, there is no time like the present. Make on offer on the home you like, the worst thing that can happen is the Seller says no to your offer, their loss, not yours.

In tough times there is also great opportunity, take the first step, I see it everyday, well priced homes selling for 10 - 20% below listed price. If you Don't Ask you will Never Receive.

Buyer Qualifications in a Buyers Market

Chris Holm — Thu, 30 Oct 2008 22:02:00 GMT

It would seem that buying a home in the current market conditions would be a logical decision considering that 'Interest Rates' are holding steady at all time lows and prices of homes dropping to more reasonable and realistic prices. Many Buyers are being patient, watching the market and waiting to find the perfect home. Some potential buyers may have been to their banks or mortgage brokers several months ago to see how much of a mortgage they qualify for but with tightening credit restrictions they now may not qualify for what they originally were told. It would be very beneficial for buyers to check back in with their lender and find out where they are currently. The home you have been waiting for may come available and you want to be properly prepared when it does.

#261 - 6900 Tronson Road in Okanagan Landing is Sold!

Chris Holm — Sat, 25 Oct 2008 06:00:00 GMT

Okanagan Landing, Vernon - The single story at #261 - 6900 Tronson Road has been sold.

Okanagan City to Country

To Buy or Not To Buy...That is the Question.

Buyer Qualifications in a Buyers Market

#261 - 6900 Tronson Road in Okanagan Landing is Sold!

21-1809 40th Ave in Harwood is Sold!

2 Story For Sale in Heritage Pointe Subdivision

Single Story For Sale in Enderby

2 Story For Sale in Mission Hill

2 Story For Sale in Falkland

Single Story For Sale in Spallumcheen

4605 Lansdowne Road in Spallumcheen is Sold!

Lot / Land For Sale in Falkland

Ranch For Sale in North BX

Ranch For Sale in Armstrong

000 Eagle Nest Rd. (Westside Road) in Westside Road is Sold!

Bi-Level For Sale in South Vernon

4735 North Grandview Flats Road in Spallumcheen is Sold!

1 1/2 Story For Sale in Shuswap Falls

Bi-Level For Sale in Okanagan Landing

Single Story For Sale in Rural Quesnel

3-Level Split For Sale in South Vernon

Apartment For Sale in The Lakes

Ranch For Sale in East Hill

Lot / Land For Sale in Hospital Hill

Manufactured Home For Sale in Moose Heights

Single Story For Sale in Moose Heights