House Prices stay high as Sellers fight to keep them up !!
In many of my Blog Posts I always maintained in the past prices will remain high. Also buy a house you love and do not just look at is as an investment . One article today was published in the Hamilton Spectator, which prompted me to write this short blog.
A quote from one article in the Spectator was as follows
“Sellers stubbornly hold onto their perception of what their home is worth, whereas buyers turn on a dime.”
In tough economic times Sellers will fight to keep their homes that is for sure. I also have always pointed out in my own view the Canadian Economy is evolving to a “ European type of economy” The HST is similar to the VAT ! Houses are expensive and we have to work longer and harder to keep them.
Burlington Inventory is at 680 homes including Condos . Simply put inventory’s are low and interest rates are still low. The amount of inquiries I have received have doubled in the last two weeks. I am expecting a busy fall market.
I will observe Buyers are not as rushed to make an offer and they are actually thinking.
This is a welcomed relief !!
Carl

If you are buying a home in the Hamilton Market . There is currently a lead pipe replacement program. Details are on the city of hamilton web site. Now lead is new concern for older homes. It is my understanding if you have a shower in the morning and the water runs for five minutes your drinking water is safe. It is without argument good to replace any lead piping, this is a fact. However a more recent oversight is that of galvanized plumbing.

While there are some insurance companys that will provide insurance it will be 3 times the rate.

(more…)

Aside from being a huge financial decision, buying a home is an emotional roller coaster.   It’s easy to make mistakes when you’re swept up in the excitement of it all.  There are many common buyer errors to be aware of – here are just a few to look out for (more…)

          SOLD

Awesome Location Pool sized Lot.

This home is close to Schools.

Excellent Value and is a one owner home. Inclusions Fridge, Stove, window covering, Ceiling Fans, window coverings.

(more…)