Scuttlebutt: Letting you in on the things you need to know, about the things going on in London Real Estate! Read the wisdom of Scuttlebutt below or simply CLICK and I’ll read it out loud for you!
SHOULD I STAY OR SHOULD I GO??
Should I stay? Or should I go? Folks, It seems this age old question, which echoes a 1980s song is ‘clashing’ on the sensibilities of a lot of my friends, neighbours and clients! Home sellers AS WELL AS home buyers, are trying to read the tea leaves, to figure out the rapidly changing economic terms confronting both sides of a real estate deal! Potential sellers, ready to downsize, OR first time buyers, hoping to move into their initial home, are both looking for answers to the same confounding question! Should I STAY OR is it time to GO?
As a Veteran Realty Pro how do I advise my inquisitive clients?
First, my friends, there is no cookie cutter solution that fits every person’s special circumstances! That’s right, there’s no universal remedy! No magic bullet! Will housing prices come crashing down? Or will they continue to rocket upwards? The so-called economic housing experts have no definitive answer. WHY? There are contrasting and competing forces working for and against BUYERS and SELLERS.
The Evidence!
The Fed in the United States plans to increase interest rates up to 6 times this year. Rising Interest rates, especially when they are raised this rapidly, typically reduce housing values. On the other hand, expanding immigration increases the demand for houses! In London’s market today, which exhibits a massive lack of housing SUPPLY, this tends to increase prices! So the economics of buying and selling are as clear as MUD!
What’s the remedy? Talk to me!
Your Top Priority! In this COMPLEX market it’s crucial for you to work with an experienced professional. Preferably a Veteran Realtor who has first-hand involvement with the inflation battles and is familiar with the changing strategies necessary to guide prospective house sellers and house buyers through the new inflationary complexities.
Folks, on a personal level, I’ve been through the wars. For decades, I’ve worked through virtually every inflationary and deflationary period. I have a good idea of what we will be confronted with very soon. It’s important to know, the times are changing and depending on your personal circumstances they will have an impact of your personal situation.
To learn more contact me! Talk or text me at 519-902-3214!
Now folks, before I sign off I want to let you know that once again RED DOOR REALTY will be working in conjunction with the LONDON FOOD BANK to sponsor a MUCH NEEDED local Food Drive. All of us at Red Door have a heart for those in our community who have suffered greatly from the Covid mandates. And now, in addition to Covid, many are affected by the double whammy of rampant inflation which is taking a bigger bite from their shrunken resources. Rising inflation means rising food costs leaving some of our fellow citizens hungry. Remember, for those of us who can manage the increased costs there are others who cannot! So, ‘everyone who has been given much, much will be demanded’. We need to step up again! It’s the right thing to do!
Red Door thanks every one of our treasured clients who have contributed to these efforts in the past. We’ll be asking for your help again! We have a duty to help those who are less fortunate. I hope to have more details shortly as to the time and location!
Yes, for sure, our hilarious Mascot Al Paca will attend to entertain the kids from 3 to 103.
AL PACA AT YOUR SERVICE!
Remember Us—when you’re buying or selling a home—you owe it to yourself to contact the Master Marketers at Red Door—London’s Unique Boutique!!