Unposted Homes For Sale - Greg Hamre - RE/MAX Affiliates Ottawa
We just had a buyer that we've been working with for a year and a half. They were looking for a specific type of bungalow with a loft, and there just wasn't any selection.
They stuck. We work diligently with them. And we found a bungalow that was never posted on MLS. We have access to inventory that never gets listed.
This was their dream home.❗
Now, we worked diligently to get them into the property before it was posted. We gave them a very healthy cash offer, above the asking price but really at market value.
For the sellers, it was an emotional sale for them.
They want a specific type of person moving into their home.
It was their original family home and they wanted another older family to replace their memories and dreams.
We found and had the buyers for that property. It was a great situation. I can't tell you how thrilled we were. To match the buyers with these sellers, and to find this product before it went on the market.
Now in Ottawa, the market is changing slightly, but it's not the same as the rest of Ontario.
It's still very, very healthy. Product is selling at asking price or in some cases slightly above.
⚔The biggest challenge right now is you can't find nice product. For a product that's been properly ready to present - that somebody could just turn the key and move in.
That's the difficulty. Yes. There's a little more selection right now. There's too much worth of inventory as opposed to a month's worth of inventory, still a seller's market.
It will be a seller's market until we hit that five-month timeframe which is months away. We're looking at a market in Ottawa that's still very short of inventory.
It's still very short of nice inventory; where the agent has really put the detail and the time in to prepare that listing for the market, in today's market.✍
We're now in the early summer months where you're finding a lot of the buyer pool has made their purchase.
So now we're dealing with a lot of relocations coming into Ottawa, a lot of people moving here and they really don't want to come in and renovate.
They really want to just turn the key, move into a nice property, to a property that meets their dreams. We have that kind of property. We spend that time on our listings to get them ready for the market.
They're coming in and are coming soon portfolios and our current listings.
✅We have some wonderful properties for people who're looking for full properties, or they're looking for some space rural.
Subdivision and or downtown, we have it and it's on our website @ Weknowottawa.com
This is a still a very vibrant market in Ottawa.
We're excited to be participating in it. We're really excited for the buyers and sellers of last night's purchase. I think he's kind of Ottawa.
My name is Greg Hamre from RE/MAX Affiliates in Ottawa and the Hamre Real Estate Team.
We hope to see you soon. Take care.