As we head into the Spring market you will notice that there will start to be more and more homes coming on the market in the Brantford area.
How will this impact buyers?
More homes on the market in Brantford means the buyers will have more homes to choose from, which could tame the Brantford real estate market. If the supply of homes in Brantford starts to catch up with the demand for the houses for sale in Brantford then the buyers will have more options and might choose to only make offers on the homes that appear to be the best deals.
How will this impact sellers?
More inventory means more competition. Today, because of the tremendous lack of inventory, a seller can expect:
- A great price on their home as buyers outbid each other for it
- A quick sale as buyers have so little to choose from
- Fewer hassles as buyers don’t want to “rock the boat” on the deal
With an increase in competition, the seller may not enjoy these same benefits.
“Because existing home inventory has been so low for so long, an influx of new listings in Brantford could result in the buyers being pickier about which home they will choose to make an offer on.”
If you are considering selling your house, you’ll want to get your home on the market before the flood of new listings hit the market to ensure you can get the most attention for your listing and the best price and terms. Call or Text Terry today at (519)802-8770 to discuss your options.
To Get a Free Copy of Our Seller Guide for Spring 2018: Click Here
To Get a Free Copy of Our Buyer Guide for Spring 2018: Click Here