Real Estate & Mortgage Broker

The EQUITY in your HOME is like any other Investment - it needs to be monitored.

Homeowners should have their EQUITY evaluated once a year.

Now might be the perfect time... And it is FREE, WITH NO OBLIGATION!

4+1 Bedrooms With 4 Washrooms, Luxury Living At Quiet Oakville Premium Area Adjoining Beautiful Park. Completely Renovated With Huge W/O Finished Basement Ideal For Large Parties. Located At Border Of Mississsauga / Oakville Near Qew. Only 2 Inutes To Qew And Lake Front. Sepearte Large Living, Dining And Family Rooms. Basement Is Professional Finished With Huge Hall And Kitchen. A True Luxry Living. Call Sandro Today For Viewing Options!

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Cycles in the market place - what do they mean?

In real estate it is important to know that over the long term, residential real estate is one of the best investments you can make, while providing you and your family with shelter. There are cycles in the market that may affect your decision regarding when to sell. These cycles can create a shortage of homes, which will push up the prices, or a surplus which can result in a slowdown of rising prices.

What drives these cycles - the overall economy is most obvious. In periods of economic growth when employment is strong and people have confidence about their futures demand for housing grows and is high. When, however, there is a slow down in the economy and unemployment is high, - more homes will come on the market, and buyers will typically wait for times to improve. Keep in mind that these economic fluctuations can be national in scope or affect only certain pockets of the country.

Changing interest rates also influence real estate market cycles. When interest rates rise, fewer people can qualify for any given mortgage amount and demand drops - making it tougher to sell your home, or obtain the price you want. The same is true when interest rates fall, more people can afford to a buy home or qualify for financing so the demand for housing increases.

Does all this mean you need to be an economist to determine when it is the best time to sell? Not at all! But staying aware of the things that influence the cycles in real estate will help you decide when to place your home on the market.

The Seasons of home sales

Seasons also affect buyer demand and in turn, how long it will take to sell your home or the price you can obtain. For example, fewer buyers may be willing to trod through snow drifts (if you live in area with winter climate) to look at homes, but you will also be competing with fewer homes on the market.

Conversely, spring tends to be an active time for real estate sales. Homes and gardens start to look good and again buyers will come out of hibernation and begin the home hunting process. Parents with school children particularly like the spring and are likely to buy a home. Homes are sold throughout the year, so think of the seasons as only one factor in determining when the best time to put your home on the market.