Sellers
Since February of 2022, the London & St. Thomas Real Estate Market has turned 180 degrees. The intensity is similar, but Sellers are no longer driving the bus. Higher interest rates and lower demand have eroded their power, and at the moment, no one is really driving the bus. Conditions can be unusual for Buyers and Sellers.
Lowball prices aren’t attracting lineups and market activity is slow & thin. A common-sense plan personalized to your own specific situation, with expectations based on current market data is your best path forward.
Pre Listing
Consider all relevant, and recent market activity. This source of information will form the basis of our plan. We need to understand how your house compares to others in your neighbourhood.
Give us a guided tour of your home room by room, inside and out. Once we understand the preparation you are supporting the sale of your house with, we can provide a value range to start, and this is reviewed periodically.
The Plan
Listing Process
As a full-service Real Estate Brokerage, we carefully manage the details as the listing plays out. Manage viewings, collecting feedback and comparables that activate, getting ready for the offer. We review this activity weekly together. We adjust our plan only when necessary. In a slow market, patience is key.
Remember this ...
Be patient and coachable. The new normal is a market that can
take 30-60 days to see results. There are fewer qualified Buyers due to interest rates, and the market requires Sellers to price close to market value for activity. The London & St. Thomas Real Estate Market could be a balanced market in the very near future.