How do you get a better real estate market understanding of your local market?
First, a few common ways:
Scroll through Realtor.ca or a real estate website to view the prices of available properties.
Go to Open Houses
What the economists say or predict.
Your local newscast or newspaper
The National Average, or what the GTA or Vancouver market is doing.
Your parents
Your children
Your relatives, co-workers, pickle-ball friends, golf buddies, church members, neighbours.
Your local bank representative, mortgage broker, Realtor, financial advisor, lawyer, doctor or nurse, your shrink, hairdresser, barber, plumber, electrician.
The doom-sayers.
Or, anyone who you think has their sh*t together.
What we do for our clients, and highly recommend that all buyers and sellers do.
A Market Education
Visit the market and view 3-4 properties that are similar to what you are looking for, or to your current home.
Not to make an offer or buy on any of those 4, but to learn realistically about the market. Then, when you are ready to buy or sell, you will know what to expect and be able to clarify your wants and needs more effectively.
When we offer market education.
There is no obligation on your part, no signing anything, just an old-fashioned face-to-face meeting that, again, past clients said, helped them.
Look at a few homes and keep your chequebook at home!!!!!
No signing anything
No blah blah blah stuff, such as, “we’re #1, we sell gazillions of homes.
No, I am not a miracle worker who can find your dream home for ½ the price
No begging,” buy from me, I’m starving, my Mercedes payment is overdue, I’m honest, I’m a friend, a neighbour, a relative, yadda, yadda, yadda?
No coffee, tea or lunch (you are not bringing your chequebook, I am not either!)
In summary, this involves a commitment of time and energy from both the Realtor and the buyer and seller.
Does this market education work? Below are what two of our clients wrote:
“Ty, your market education system is wonderful!” Marilyn Cuthbert
” Ty, you made our decision so much easier with your market education, thank you,” Philip Rosenburg
