Moving up the Housing Ladder in Metro Moncton

 



A Buyer’s Market is a Smart Time to Move Up the Metro Moncton Housing Ladder

Maybe it’s a need for more space to accommodate a growing family. Maybe it’s the high heating bills for that old starter home you purchased a few years ago. Are you considering a move up the metro Moncton housing ladder?


In a real estate market that favours buyers, as a seller you may have to settle for say 5% less for your lower priced dwelling. Now in the same market, as a buyer you should be able to negotiate a 5% a reduction in a higher price range dwelling. Depending on the number of rungs you are moving up the ladder, the net dollars can be considerable.


And in the case of moving up the energy efficiency housing ladder, it may cost you no more to heat your newer dwelling than it cost to heat your inefficient older dwelling.

Call me anytime to discuss buying and selling strategies.



 

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Comments

  • Friday, March 22, 2013 1:57 AM formermonctonian wrote:
    Only a 5% reduction in price in a buyers market? In a sellers market in Moncton a 5% reduction was common. In a buyers market in Moncton, purchasers should be looking at paying 20% less than listing price...especially when there are 14.1 months of inventory on the market like there is presently. For anyone considering buying a home in Moncton right now, I have one word for you... lowball!
    Reply to this
    1. Monday, March 25, 2013 2:47 PM Larry Estabrooks - Agent wrote:
      Thanks for your comment "formermonctonian". Please understand that I used the 5% number as an example. A realistic number could easily be higher, depending upon the individual property.

      Also please understand that not all of the "inventory on the market" is actually in condition to sell or even priced to sell in the near future. Some sellers are not really motivated, merely testing the market.

      Reply to this
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