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Sellers: Finding an Agent for Your Ottawa Condo

 
The Renaud Otten Team realizes the importance of finding the right agent to represent you in selling your Ottawa condo.  We think of your selection process as a job interview.  During your selection process, keep this in mind:

We understand that the real estate market is always changing. It helps to understand how market conditions can affect your position as a seller. Our qualified Listing Sales Representatives Bill Renaud, Ray Otten and John Donald will explain the market conditions at the time you are considering selling your home and advise as to the perfect marketing strategy to get your home sold for the most amount of money, in the least amount of time and with the least amount of stress.

UNDERSTANDING MARKET CONDITIONS

Market Conditions

Characteristics

Implications

Buyer's Market: The supply of homes on the market exceeds demand.

High inventory of homes. Few buyers compared to availability. Homes on the market longer. Prices tend to drop.

Can take longer to sell, usually more variable between list and sell price ratio.

Seller's Market: The number of buyers wanting homes exceeds the supply or number of homes on the market.

Smaller inventory of homes. Many buyers. Homes sell quickly. Prices usually increase.

Seller usually nets top $$ in this type of market. Accurate pricing is very important. Marketing exposure can maximize prices.

Balanced Market: The number of homes on the market is equal to the demand or number of buyers.

Demand equals supply. Sellers accept reasonable offers. Homes sell within an acceptable time period. Prices generally stable.

Pricing becomes most important here!, Properties need to be priced competitively to sell for top $$ in the shortest period of time. The longer a property is on the market usually the farther it sells from asking price.

 
For more information, contact Ray Otten, Broker, by phone at 613-623-0090, at RE/MAX metro city realty ltd., Brokerage, independently owned and operated.