Is the Market Changing?

Posted by Leif Olson on Tuesday, March 30, 2021 at 10:03 AM By Leif Olson / March 30, 2021 Comment

Is the market changing from a sellers market to a buyers market this spring???

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I'm Chelsea Hamre from the Hamre Team at RE/MAX Affiliates.

The quick answer to that is no...

However inventory is coming on the market, which is great news for buyers

Over the past weekend, I was successful with 4 of my buyers.

Winning in three multiple offers and securing one awesome under list-price negotiation.

The first multiple offer was a first-time home couple who bought a freehold townhome. When we started looking at 3-storey townhome, beautiful finishes.

Within that 24 HOURS 7 of these similar styles came up on the market - of course they varied from builder to size and finishes

Out of the seven, I truly believe we got the best one; Southern exposure so lots of natural sunlight, end-unit awesome finishes.

My second multiple offer was a luxurious single family home in the East end of Ottawa. My clients were looking for what would be their dream home, their family home.

Because there's more inventory on the market, they have more selection. We were still able to slow down, we still had to compete, but we were able to win it with our strategies and our communication.

And they're so excited to have bought their dream home.

My third multiple offer, we competed against 11 offers another beautiful single family home in Wendover, which is East of Ottawa. They're first-time home buyers and they're so excited to get into this market and just those phone calls were all surreal.

The last of the four - we weren't competing. It was for an investor client of mine.

We were looking downtown and we got an awesome deal on a two bed, two bath stylish condo with parking downtown, which is awesome.

Over the weekend, the consistent theme was communication strategy, clarity and timing.

Whether you want to start talking about buying real estate, or maybe you've already purchased your home and you're looking to move up or downsize, or you're looking to buy investment properties....