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London Ontario New Home Sales Add to a Perfect Storm!

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?

real estate storm London Ontario

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.

new home construction London Ontario

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!

smelling something wrong about real estate in London Ontario

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Ty Lacroix

"Not All Realtors Are The Same"! This website and content are for you and are designed and constantly upgraded with the latest real estate trends, how-tos, and what is for sale on MLS. Our primary focus is guiding home buyers and sellers to make good decisions. We believe selling real estate is a process, not an event or knee-jerk reaction; we sleep well at night and ensure our clients do as well! We are not for everybody, nor can we please everybody, nor do we tell people what they want to hear; I know that may be old-fashioned and boring, but we are dealing with hundreds of thousands of your hard-earned money. Would you rather be happy, excited and bored or unhappy, excited and make a poor choice? About Ty I am a Broker with Sutton Group Preferred Realty Inc., Brokerage and the team leader for The Envelope Real Estate Group, that's enough about me! You see, this is about you, you do not want to hear blah blah stuff about awards, designations, or that we walk older adults across the street (I used to help old ladies cross the street, but as I got older I did not want my wife to think I was flirting) the reincarnation of Mother Teresa, walk on water or anything else to impress you. We let the numbers speak for themselves; success leaves clues!

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