Q: Should I buy or sell first?
Theo: This is a crucial decision and depends on a few factors like your financing situation, what type of home you’re selling or buying and the current market conditions. Upcoming legislature mandating a ‘cooling off’ period for all sales will greatly impact this process and we predict it will be very risky to buy first going forward. We recommend to call us and discuss your specific circumstances as an experienced and trustworthy agent is your best source to navigate the volatile Lower Mainland market.
Q: What opportunities do you see in this market?
Brad: Improved inventory and less frenzied buying makes this a better market to consider upsizing or downsizing. Rapidly rising mortgage rates will be on everyone’s minds and should start to show their effect by this summer. This could be great news for buyers with more cash or larger down payments.