THE AFFORDABILITY WAR
While the rest of the country has been experiencing a Buyer's market, Gordon's Bay has been bucking that trend. With interest rates going up, fuel prices on the rise, and the general cost of living this trend are about to shift.
It all comes down to affordability! Sellers will have to prepare for this shift as buyers no longer have the spending capacity they had a year ago. Up until recently, Sellers had Buyers fighting for what was available. Now those same Buyers will have to rethink the financial commitment they are willing to make.
Now is the time to make sure that you have priced your property correctly. In the event that the Buyer needs to apply for a bond, the bank has to find that value in your property. Banks do not find value in overpriced properties.
The time to still get the true value of your property is now! Contact one of our area specialists and avoid becoming a statistic in the affordability war.
31 Jan 2023
Author 10239