colinrealestate

Yes, it does! What we’ve found is that the recent drop in interest rates has mattered to many people. And the result? Multiple offers on more occasions than we’ve seen in several years. That does not mean a mini boom is under way but it certainly has shown us that well presented and market-priced homes are being contested by people who, having waited for that “right time” have decided now is right.

What we also see is that poorly presented homes, of sellers who are holding to price expectations of yesteryear, are still struggling to find a buyer.

The good news on money is that we expect current rates to remain through 2011, and given the likely slow recovery of our economy, rates will only move slowly when they do. Speak to your bank or mortgage broker about the best options for you.

Filed under: REAL ESTATE | Tagged: Real Estate