Real Estate Terminology
[vc_row][vc_column width=”1/2″][vc_column_text]Asking Price: we will come to a decision on what the price to ask for your property is, while considering outside factors such as:
- Current market conditions – buyers/sellers market, inventory levels
- Location – public transportation, accessibility, parks and highways
- Amenities – schools, community centres, shopping, hospitals, etc.
- Condition of the property – overall appearance and upkeep, renovations, appliances, etc.
- Time frame for selling – your needs, moving timeline, downsizing, job relocation
[/vc_column_text][/vc_column][vc_column width=”1/2″][vc_column_text]Current Market Conditions: simply put, it is what a buyer is willing to pay for your property on that day. Factors that influence Market Conditions are:
- Interest rates
- Economic influences
- Competition in the area
- Consumer confidence
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