The Lap of Luxury
Saturday, September 7th, 2013
Here’s a record I didn’t expect to see made: a week ago this last Friday, twelve homes sold for more than a million dollars each, at the end of a month that saw 67 percent more luxury homes change hands than in any previous month, ever. Even in the standard market, some are reporting homes selling for $100,000 over list price. Yep, it’s a seller’s market alright.
If you’re considering getting in on the fun as a buyer, I can’t recommend strongly enough that you secure a pre-approved mortgage before going shopping. When competing offers are involved, potential buyers without pre-approval are at a serious disadvantage, so a trip to your lender is a half hour well spent.
Those of you looking to sell, work with your Realtor (I’m available) to come up with an appropriate price for your neighbourhood and you should have no problems getting your home sold.
