Kelowna Real Estate Market News

When the Real Estate Market changes from a Sellers Market to a Buyers Market, it can be an anxious time for Sellers, as 'days on market' can become a lot longer and showings slower.


Sellers need to be both 'mentally prepared' and be willing to adopt a more aggressive approach to help them achieve a successful sale.


Here are some hints and tips to consider -:


1. Know the Market.


Review a Comparable Market Analysis with your Real Estate Agent. It is essential to know what comparable properties have been selling for.


You also need to know what is the current 'state' of your market and medium-term forecast. Is the market in your area balancing out or still weakening?


2. Should I sell now or should I wait for the market to improve? 


Is waiting for the Market to improve an option for you? If you don't have to sell now it is probably better to wait.


If you have to sell within 30 to 45 days, then you may be looking at having to price your home more aggressively, which may be...

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