Guide to BUYING Your Home

             Understanding Market Conditions

The real estate market is always changing. It helps to understand how market conditions can effect your position as a seller.

Joe Anne can provide you with current real estate market conditions and explain their impact.

Market Conditions	Characteristics	Implications
Buyer's Market: The supply of homes on the market exceeds demand.	High inventory of homes: Few buyers compared to availability. Homes on the market longer. Prices tend to drop in this type of market	Your home may take longer to sell. Less negotiating leverage in terms of selling price.
Seller's Market: The number of buyers wanting homes exceeds the supply or number of homes on the market.	Smaller inventory of homes. Many buyers. Homes sell quickly. Prices usually increase.	May have more negotiating leverage and obtain a higher selling price for your property.
Balanced Market: The number of homes on the market is equal to the demand or number of buyers.	Demand equals supply. Homes sell within an acceptable time period. Prices generally stable.	More relaxed atmosphere. Buyers have a reasonable number of homes to choose from.

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Joe Anne has answers to a lot of your questions and more professional tips to make your real estate transaction more pleasurable. Call or e-mail Joe Anne or click on "Ask Your Own Questions." Joe Anne can send you information on any Property Listed For Sale on the Multiple Listing Service in the Ottawa area. If you would like her to help you locate a home, please fill out her Information Request Form. Surfing the Real Estate Board's web site or MLS.CA and found a house that you like but doesn't give you the civic address. Joe Anne can also help. Just fill out her Would like an address form, please ! Or perhaps you are considering selling your home in the near future, her can also offer you a Free No-Obligation Market Evaluation Form.