Real Estate Terminology

 

 Offer Price: We will do a review of the homes                                  

sold and listed in the neighbourhood to assist               

on determining the offer price. This will be                                     

 based on:                                                                              

Current Market Conditions –  buyers/sellers

market, inventory levels

Location – public transportation accessibility

Parks, highways

 Amenities – schools, community center’s,

shopping, hospitals, etc.

Condition of the property – overall appearance,

upkeep, renovations and appliances, etc.

 

 Current Market Conditions: As simply put; it is

what a buyer is willing to pay for your property  

that day. Factors that influence market conditions

 are: 

  Interest Rates

  Economic Influences

  Competition in the areas

  Consumer Confidence