With new home construction in London Ontario booming, prices rising and some builders quoting 9-12 months for move-in times, what are residential real estate buyers to do?
In this week’s blog “The Perfect Storm”, I stated four facts that affect the current real estate market and with this article from the London Free Press about new home builds, we now have 5 scenarios to think about.
For home sellers, now is the perfect opportunity to capitalize if thinking about selling and renting, moving out of London or truly downsizing.
For home buyers, those who are patient, have their ducks in a row, you can buy and not overpay with the right information. For the unwashed who panic, get caught up in the frenzy, you are going to get hurt!
Now let me set everyone straight, I am a very positive individual, my glass is always half full, but when I see Realtors allowing their buyers to pay 15-30% above the asking price and no conditions, something smelly is going to hit the fan!