Good news for Oakville residents looking to list their homes this summer! The market continues to show strength with homes in Oakville showing gains between the months of January to the end of May 2012 compared to the same period last year. There has been an 8.21% increase in the number of residential properties traded and the average sale price has increased by 9.81%. Furthermore, the median sale price has increased by 12.62%!
This positive trend bodes well for both buyers and sellers as confidence is bolstered by continued low interest rates and an improved economic outlook for Canada. It is now more likely that more potential homebuyers will leave the sidelines and jump into this market and take advantage of the opportunities in the market place. Sellers should be preparing their homes for sale in order to attract these buyers who are waiting for new product to hit the market.
Buying the perfect home can be one of the biggest emotional and financial decisions a buyer can make. A great agent will always suggest that buyers prepare themselves for perfect home ownership by learning about the process of home buying and the responsibilities of home ownership.
Do you have the necessary financial management skills? How financially stable are you? Are you ready to take on the responsibility of all the costs involved in owning that beautiful home, such as mortgage payments, repairs, insurance and maintenance? Buying a home isn’t just about money, it is about lifestyle. Make a list of your needs and wants and then follow your heart to your new perfect home the moment you walk through the front door with your realtor!
HAPPY HOUSE HUNTING!
Tags: Home Purchase