This advertisement has not loaded yet, but your article continues below.“Sellers really have just kind of woken up to the realization that you can’t guarantee a sale,” says Watson.Timing the real estate market is a gamble. Anticipating market trends is like playing the lottery: yes, there will be winners, but those will be few-and-far between.
“We have individuals who have committed to purchasing new construction, purchase properties with confidence of selling, who are now kind of struggling,” says Watson. “And we even see people selling, once again, homes for less than they had paid, probably tied back to this affordability challenge.”Article content
When the market was hot, Watson saw “the confidence of being able to purchase wasn’t there but the confidence to sell was and that made people do something that is kind of in my mind the no-go zone, which is to buy before you sell without confidence in your finances.” “Have a game plan in place on how you’re going to close that property in the event we can’t sell your home,” says Watson.Article content
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