Now is a Great time to Downsize or Relocate.
It’s officially buyer’s market in British Columbia. There is an excellent selection of properties available at great prices. This is the best time to upsize, downsize or relocate.
With more properties put up on sale, you can choose from a variety of homes. There is less competition since there are more homes available. Sellers are highly motivated and may offer extra perks to close the deal. You may get a fabulous deal on that house you were eyeing for quite some time.
Whether upsizing or downsizing, it can be good for buyers right now because you have a negotiating advantage. You have greater negotiating powers when it comes to contingencies such as; sale of current home, move-in dates, what conveys with the home, down-payment assistance or closing cost to be paid by sellers, etc
One may argue that a buyer’s market is not a great time to sell. You can’t have it both ways. You can’t get the price now you could have got for your home a year ago. You can, however, get a fabulous deal on the home you purchase.
Quit waiting for a better time. Take advantage of the current market.