window of opportunity

I am Proud to say that all three of the hot deals I have posted on the Facebook group have gone to members. Which means that there are people looking to take advantage of this BUYERS market.

It's called a buyers market for one reason and one reason only, If you can, you must be buying. This is perhaps the best buying opportunity we will see in the okanagan in the next 20 years. We have all time lows in interest rates (2.5%) and prices have come down by over 20%. Thats 150k off the average house! This is not the time to be waiting around or trying to time the bottom of the market. We never know the bottom until its on its way back up. By that time the sellers are aware of the upswing and are no longer willing to take huge discounts or give favourable terms.

If you think theres another 10% of price drops yet to come, whats stopping you from preying on seller fear and offering 10-15% less than their asking price. Our average lately when working with a buyer has been 10.4% off the list price. FYI when working for my sellers I have been able to protect pricing and have an average of 96.5%

The typical spring surge of sales activity has been reported by the Central Zone of the Okanagan Mainline Real Estate Board, increasing by 42% in one month from 114 sales in January to 162 in February. The federal incentive plans such as the home renovation tax credit and the increase to the Home Buyers Plan from a maximum of $20,000 per individual to $25,000 for first-time home buyers to draw from their RRSPs for a down payment will also help sweeten the pot for buyers.

Sorry there hasnt been a deal of the week in 3 weeks. I take the scouting of these deals very seriously and when I post them, you can bet they're the real deal. Hopefully one presents itself soon, I know there are many of you waiting. Thanks for reading this novel Ive written, next time wont be so wordy!
AJ Hazzi