Regardless of whether you’re entering the 2023 real estate market as a potential buyer or seller, the fact is there are many factors that can impact you along the way. Buying and selling is not as easy as identifying the house you want or connecting with the buyer who’s going to pay what you’re asking.
It’s a complicated process of research, exploration, negotiation, and documentation that is best handled with the support of a professional realtor.
With over 30 years of real estate experience in York and Simcoe Region, Linda and Hank Alsemgeest are well suited to help clients whether they’re looking to sell, to downsize, or to find the perfect dream home. However, there are a few questions Linda suggests you might wanted answered before you start your real estate journey.
Question: Given the traditional flurry of activity in the market each spring, what the biggest challenges when buying or selling?
Linda: When buying, try to avoid multiple offers. It only drives up the prices for everyone. Inventory available is higher than you might think.
When selling, try to have competitive pricing and make sure home is “viewing ready.” Declutter, paint, finish any minor repairs. This will all help to improve the staging of your property.
Question: What impact will higher interest rates have on buyers and sellers this spring?
Linda: There is no doubt that buyers will be more selective because of the increase in interest rates and the uncertainty of knowing if they will continue to climb.
Question: What is the best price-setting strategy in 2023?
Linda: It’s best to approach price setting with the intent to sell. Don’t over price your property, especially in comparison to recent sales in the areas. Be realistic. Demand will eventually dictate what someone is willing to pay.
Question: What are the primary features people are looking for in homes right now that, as a seller, you should ensure are available in your home?
Linda: The house is more attractive to buyers if it’s in “ready-to-move-in” condition. Updated kitchens and bathrooms are always a popular selling feature. There are a lot of buyers looking for investment properties, so finished basements and a second kitchen are very appealing.
Question: Why is it best to deal with a professional realtor when buying and selling?
Linda: A professional realtor can help you with the legalities and paperwork involved so there are no surprises after you sign. There are a lot of forms that need to filled out properly to ensure you’re properly covered in the transaction. Professional realtors understand the potential complications and can help guide you through until the end of the transaction.
When it comes to service, both Linda and Hank have vast experience in the real estate industry. Linda worked as a real estate law clerk for many years before focusing her efforts on selling. Hank does residential appraisals for bank so he has a real feel for market pricing. Together the Alsemgeests have vast experience in the local market and can help you realize your real estate dreams.
To learn more, connect with Linda and Hank Alsemgeest via email at [email protected]. Or call them at 905.713.7894.
