Posts Tagged ‘Inventory’

Predictions for Spring Market

Posted on: February 22nd, 2024 by Chris Scott

Spring is approaching, and the real estate market, after a unique start in 2024 with hesitant buyers and sellers, is showing signs of optimism. Check out why we expect a pickup in activity as confidence grows, anticipating a dynamic and bustling season ahead. If you have questions about what’s happening in your neighbourhood, please don’t hesitate to get in touch. My team and I would love to have a chat with you.

 

 

 

 

 

 

 

MULTIPLE OFFERS AND HHTs

Posted on: April 10th, 2019 by Chris Scott

Being posted to Ottawa this year could mean a fairly challenging house hunting trip. Statistics released from the board in March revealed that sales were down almost 12% over last year. This is due to the lack of houses available for sale. There are so many buyers just waiting for houses to get listed. The lack of supply and strong demand continues to put upward pressure on prices. It also brings a unique set of challenges for our military clients. Many homes this year are listing on one day and then holding offers for about 5 days. This is something to take into account when you are planning your Ottawa HHT. We could always do what’s called a bully offer whereby one submits a strong offer before the presentation date but many sellers might not go for it.

FaceTime showings?
I had a recent military client put an offer in, based on a FaceTime walkthrough we had. This strategy is not for everyone but can help narrow some houses down before you arrive for your Ottawa house hunting trip.  We will do everything we can to make your HHT as smooth as possible.

Relocating to Ottawa? Fill out our HHT Buyer Criteria Form to start your Ottawa home search today.

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LACK OF INVENTORY CHALLENGING ON HHTS

Posted on: May 16th, 2018 by Chris Scott

Ottawa is the most challenging place in the country to buy a property right now. According to the Canadian real estate association, Ottawa is the hottest market in Canada and it’s not even close! This presents an interesting set of challenges for military buyers. They have only limited time on their house hunting trips. There is much less to look at and you really can’t start favouriting too much before you arrive because the good houses are usually sold. I have been trying my best to get off-market listings ready for my clients before they arrive. This past week we had some great success with Corey and Marie who bought a house that was off-market. It was a brand new house that had closed only a few weeks earlier. It was the first place they looked at on Monday and it stood up against everything else we looked at. These exclusive opportunities are one way I am trying to give my military house-hunting clients a leg up over the competition. It is the second off-market deal we have done in this regard this year. In both cases, it was a win-win for everyone involved.

If you or someone you know is relocating to Ottawa please feel free to get in touch. This is what we specialize in.

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