The Current Status of The Oakville Real Estate Market
The Oakville real estate market has shown amazing stability even when the real estate market in other parts of the world was volatile. The prices in Oakville have consistently risen and this provides a good investment opportunity for homeowners.
As a buyer, it is important to be aware of the latest developments in the Oakville real estate market so that you are able to make an informed choice. Due to the demand for good houses in Oakville, they are sold off fast and it is advisable that you move fast if you want to buy your dream home.
Reasons to Invest In the Real Estate Market
The residential real estate market has shown amazing resilience and this has helped the housing prices to pick up in the past few months. The shortage of listings and higher demand has ensured that the prices remain high this year. The prices are set to appreciate as much as 5% in the coming months.
The demand for budget and luxurious houses has seen a significant increase in 2014 and the trend is set to continue till the end of this year. Buyer excitement and low interest rates have also contributed to the rising demand.
New developments and improvement in school and shopping opportunities has made Oakville a favorite choice for first time homebuyers.
Choosing a Real Estate Agent
When choosing an agent to buy a home, it is best to meet them in the working environment and not at offices. It is best to check the number of deals that the real estate agent has closed in the past few months. If the agents have closed more housing deals, it means that they have a lot of experience in the Oakville market.
It is advisable to interview several real estate agents and shortlist those that meet your specific needs and requirements. You need to be comfortable with the agent of your choice. You should avoid singing a buyers agreement form before you look at the home that you want to buy.
The agent that you choose should have knowledge about the local market. Ask as many questions as possible so that you are able to determine the knowledge and expertise of the agent.
A good agent should be able to provide access with as many sellers as possible so that you are able to get the best homes that meet your specific requirements.
Read online reviews and ask for references. Check the references provided by the agent so that you are able to determine the type of service they offer to customers.
As there are fewer homes for sales in the Oakville region, the prices have managed to remain high. The high demand from homebuyers means that the trend may continue in the next few quarters.
When the number of homes available for sale increases in the market, it may lead to a further increase in prices and this may provide good returns for sellers of homes in the Oakville market. The improvement in current rents in Oakville has made this market a favorite choice among homebuyers who are looking to rent their property.
Investing in property is a big decision and it is advisable that you do not rush through the process. When you are aware of the local environment and demand for different homes in Oakville, you may be able to get the best deal from real estate agents.