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Whether you think you can... Whether you think you can, or you think you can't, you're right! Henry Ford Read Quote >
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Last summer your neighbors put their house on the market and had so many buyers that they were on the winning side of a bidding war. Now you are trying to sell your home, and there's just no action.
The real estate marketplace is very unpredictable. Many factors come into play, the most important being interest rates and prevailing sales prices. In a strong seller's market, prices tend to escalate until they reach a certain point where buyers begin to just say no and listing inventories increase. When this happens, sellers who price their homes at the higher level of previous sales prices must re-think their pricing strategies. If they don't, their homes may not sell. Whether you are buying or selling a home, it is important to remember that the shift from a seller's to a buyer's market can occur very quickly. You can count on your agent for sound advice on what phase the market is in right now.
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| Q |
Where would you go to visit the largest ancient castle in the world?
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You would travel to Prague, Czech Republic, to see the Prague Castle, built in the 9th century, with a total surface area of 18 acres. |
See More Real Estate Trivia > |
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Karie Seiss, Mortgage Specialist, RBC Karie Seiss is our on call, in house mortgage broker. She works for you, on your time, not banker hours! NO FEES APPLY. Find Out More > View All Affiliates >
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