So we’ve made it to 2018, the air is cold the Real Estate market has returned to what we like to call normal and we are pressing forward.  There’s that word, normal – what is normal anyway? Well on the Toronto Real Estate Board, normal is 20,000 listings and houses taking 3 to 8 weeks to sell. In the beginning of January, obviously not the most aggressive time of the year, we are usually at 60% of that so, we expect and have about 12,000 listing at present. Moving into February, we know that 10% to 20% more listing will come available each week and that puts us very quickly at our typical spring market of 20,000, if you are listed between now and mid February, 6 weeks to sell it makes it the end of March, with 60 day closing end of May beginning of June.  Seems so simple doesn’t it! This year is going to be a special year, with shrewd investors looking for desperate sellers and trying to make a quick buck on the flipside.  Other sellers still looking at offers that are often tens if not hundreds of thousands less than the offers they turned down less than a year ago, while they were chasing the market that is long since gone and now feeling dejected and needing to just move on. I almost look at it like a shark tank of predators out there, make sure any decisions you make are made with someone in your corner, someone who can deal with the pressures without all of that emotion which can cloud anyones judgement.  It’s easy to say you won’t get caught up in the process, that the pressures don’t affect you, you deal in big business every day! Remember dealing in business, and dealing with YOUR OWN business are very different things, you need someone you trust working for you just like your business needs you working for them! mccarthomes.com

Leave a Reply

Your email address will not be published. Required fields are marked *