Strong Outlook For The New Year

by Darrin DeRoches December 1 - 7, 2011

The market is looking a little thin right now. It seems that since the weather is holding off, buyers are still looking to buy before Christmas. In real estate terms it is a buyers’ market. We have a house conditionally sold until Wednesday and we keep getting calls hoping the deal falls apart since their buyers want to make an offer and we have a couple of showings for Thursday if the deal does fall apart. An income property that has been sitting quiet for a month has received a lot of calls and a couple of showings with agents asking to be kept in the loop in case an offer comes forward. They have not even seen the property but the price is right and there is not much left on the market. It usually slows down this time of year and the weather has a lot to do with it.     If you were thinking of putting your home on the market in the New Year you may want to consider putting it up right away. To be a strong property on the market may cause a ‘feeding frenzy’ instead of being one of many in the New Year.  The snow is all around us and we are going to hit soon and the cocooning will begin, it’s now or never.     Season two of “My House Your Money” on the W network (Tuesday nights) is beginning to film in late January 2012 and Unique Realty has been approved to film an episode. The production company will pay $2,000 to a family that is willing to be filmed through the process of buying a home with Unique Realty. The show is based on a family member helping another member with the down payment on a new property. Plus you must be willing to be filmed for four days to do the episode. If you or someone you know are considering on buying a property in the New Year please contact us at 905.523.SOLD.7653 or email us at tv@unqiuerealty.ca for more information.     The year is almost over and I will be doing a year in review next month so if you have any questions about the real estate or mortgage market this year or in the coming year just email us at mail@unqiuerealty.ca and we will include your questions in the end of the year review. The predictions from last year were pretty dismal though the real estate market has been strong this year and the mortgage rates stayed the same all year. It will be interesting to see what the so called experts are predicting on the doom and gloom of 2012. I believe they will be blaming the “Eurozone” for all the projected doom!  V Darrin DeRoches is a local real estate and mortgage broker. He can be reached to answer questions, comments or stories about real estate experiences through this weekly column at mail@uniquerealty.ca.