Price Is Key
- Getting your property sold in todays market will be more difficult than in previous months. Sales by volume have dropped off by 65% - 70% since the record highs in 2008. This change is characterized by declines in property value brought on by this weak demand.
Squamish home owners trying to sell their home will have to accept that they will get less for their property than they would have in the summer of 2008. List prices will need to drop by 15% to attract the eye of buyers who find themselves in a position of power.
The key to getting your home sold is going to be setting your price aggressively and aligning with a REALTOR that has a good relationship with his fellow real estate professionals.
Remember if you are looking to stay in Squamish after the sale of your home you will be the buyer shopping for discounted properties. Don't be discouraged by the idea that you could have sold your home for more because you can buy at a better price than before.
The bottom line is first time home buyers are in the best position because they don't have to sell in order to move up the property ladder.
If you bought your home before 2007 you probably still built up some equity and can sell with out loosing, but you may not want to wait and see what happens in 2009!
Squamish Real Estate - Morgan Rice - Macdoanld Realty Squamish - www.morganrice.com
