The Strategic Approach To Buying and Selling Homes This Season

By Dylan Suitor

My true passion is to create generational wealth; generational wealth for my family, my future family, for my friends and of course for our clients. Whether you are a first-time or seasoned investor, looking for single family investments, duplexes, tri-plexes etc, multi-family investing, student rentals, vacation homes or a rent to own. I can assist you in getting started and teach and guide you on how to grow your own portfolio. I have focussed much of my attention over the last few years really understanding the process involved, in order to best serve you, our client.

As we find ourselves at the end of 2023, the economic landscape has brought forth challenges, notably the announcement of a recession. In this uncertain time, homeowners and investors may be wondering how to navigate the real estate market. Whether you’re looking to sell or buy, there are strategic steps you can take to maximize your opportunities.

For Sellers: Position Yourself at the Top

If you’re considering selling your property in the current market, it’s crucial to position your house strategically. To stand out, focus on creating broad appeal by cleaning, staging, and making minor renovations to ensure it’s move-in ready. Pricing is key – aim for around 95% to 96% of average prices rather than overshooting at 104%. By being the most attractive home at the best price, you increase your chances of capturing the attention of potential buyers. Our team of residential and commercial agents is ready to guide you through this process and position you for the highest and best opportunity.

Depending on your property type, we might recommend selling vacant or addressing any long-overlooked repairs for a more attractive listing. By collaborating with our experts, you can navigate the market with confidence and make informed decisions.

For Buyers: Seize the Opportunities at Hand

Buyers, this is your moment. With some individuals unable to sustain their mortgages, there’s an opportunity for you to step in. Sellers who are on the sidelines may prefer selling to you rather than facing foreclosure. This unique market situation has led to increased cap rates and reduced sale prices, making it an advantageous time for buyers. While certain areas still witness record sales, strategic buyers can capitalize on these changing dynamics.

In the current landscape, there’s a unique window of opportunity, and our team is here to guide you through it. We encourage you to reach out, have a conversation, and explore how we can assist you in making the most of the market conditions.