Learn and get additional insights into real estate in the Ottawa area with Paul Jackson.
But what is fair market value? How is it determined? And how is it different from market value or appraised value? Several factors determine the FMV and every property is different. Just like a puzzle has many pieces to see the entire picture. Your home’s fair market value is determined by many pieces of information, to see the total value when compared to other homes.
When there is ‘balance’ in the real estate market between supply and demand, the traditional strategies work just fine. In this post, I cover those so that you understand what gets ingrained into a real estate agent’s head over the years. BUT we are NOT in ‘balance’. We have a low supply of houses coming onto the market for sale. We also have incredibly high demand for houses from buyers who WANT to buy NOW!
So how does a real estate agent, me for example, help a buyer figure out a ‘price’ on a home? And help the buyer submit a winning offer?
How healthy is the air that we are breathing? When was the last time we changed the furnace filter? Had the air ducts cleaned?
Healthier air makes for better living. Healthier homes sell better too!
It doesn’t matter if you are a buyer or a seller, don’t panic about ‘low inventory’ situations. Yes there is a lot of competition in a seller’s market. But I’ve come up with some simple tactics/strategies for you!
In my newsletters in April and May, I wrote about the supply-side challenges impacting the Ottawa real estate market. This month, let’s take a look at the demand-side. While this highly competitive market can be more challenging for my buyer clients, it makes this...