We’re going to want to watch closely what happens this year. “Elections have consequences” has become a phrase of proverbial weight and the results flow directly to the Real Estate market. Alberta has been given some heavy blows economically, with decisions Federally seeming to add worse onto the Provincial bad. So, expect a cautious market until the votes reflect an optimistic flavour of change.
In the meantime, we can expect the market in Southern Alberta to remain in a very similar state to what it has been. The inventory of houses for sale in Lethbridge is following a high trend. If this continues right through to the Spring, which I suspect it will, prices are likely to remain more flat this year than in previous years.
So Buyers can take advantage of having more choice and therefore will have the potential to hold a higher bargaining position.
Sellers will need to increase the attractiveness of their property to gain the attention and then the desire of the Buyer.
Good comparisons, timing, strategy and negotiating skill will be very important for you, whichever side of the transaction you’re on. Now is definitely the time to engage an experienced REALTOR® to assist in aiming for the target and hitting your goals.
Consider a REALTOR® who is certified as a Seller Representative Specialist® and an Accredited Buyer’s Representative® for proven results.
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