The balance of power in the Niagara real estate market has quietly shifted. Over the last few years, we're seeing less and less of the frenzied bidding wars or tight inventory of past summers. Instead, buyers are enjoying:
More inventory than we've seen in years
Slower average days on market
A noticeable drop in buyer competition (but don't be fooled, it does still exist).
While this is all true, here's the biggest mistake we are seeing qualified and ready buyers make in this market:
They're waiting.
Hesitation is a common buyer trait. Don't get it twisted, buyers have every right to take the time to make thoughtful, careful, well planned decisions, and they should, we encourage it. However, buyers are still acting like it’s 2022, waiting for the “right” moment.
Well, here's the truth: If you’re pre-approved and ready, now is the right moment.
Negotiating power, time to think, and motivated sellers aren’t always guaranteed. This market is a window of opportunity for informed, strategic buyers. We have unfortunately seen this happen time and time again to buyers that we have been working with this year. They find a house they like, but they hesitate, or decide they'll wait to put in an offer if the sellers get interest from other buyers.
We're not rushing anyone, but there is such a thing as seeing too many homes. If your priorities aren't lined up, the timing will never be right. That's where we come in. We help you, as our clients, make informed decisions. We shed light on things that you might not think of, because it just wouldn't be something to naturally occur to you.
If you've been on the fence about buying, but have a pre-approval - what's stopping you? Reach out to us with your questions and concerns. Even if you're 3 months, 6 months, a year out from being ready, it's never too early to plan ahead. You never know, you could be more ready than you think.
Homeownership, moving up in the market, buying a real estate investment, whatever your plans might be... It's a big step, and a big decision. We're here to make sure you feel like you've made the right one.
Making smart moves starts with smart advice.
Reach us here: https://fishmangroup.ca/contact
Here: https://www.instagram.com/fishmangroup.re/
or call/text 905-808-0839