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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