Laurie and Dan Coveduck Ottawa Riverside South Real Estate Royal LePage

DISCOVER
OTTAWA REAL ESTATE
with
Laurie & Dan
Coveduck
Sales Representatives
Photo of Laurie & Daab Coveduck

Team Realty Ltd. Brokerage
Independently Owned and Operated

Office: 613-667-5555

Toll Free: 800-307-1545

laurieanddan@coveduckhomes.com

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Market Conditions

Pay attention to market conditions – they will have a definite impact on your position as a buyer. The table below lists the influences that different conditions may have on you. Impact and expenses may vary, depending on your area.

Market conditions	Characteristics	Implications
Buyer's market The supply of homes on the market exceeds the demand.	High inventory of homes. Few buyers compared to availability. Homes are on the market longer. Prices tend to drop.	More time to look for a home. More negotiating leverage.
Seller's market There are more buyers looking to buy a home than there are homes on the market.	Smaller inventory of homes. Many buyers. Homes sell quickly. Prices usually increase.	May have to pay more and make decisions quickly. Conditional offers may be rejected.
Balanced market The number of homes on the market is equal to the number of buyers.	Sellers accept reasonable offers. Homes sell within an acceptable time period. Prices are generally stable.	More relaxed atmosphere. Reasonable number of homes to choose from.

Return to: Looking

Laurie & Dan have answers to your questions and more professional tips to make your real estate transaction more pleasurable.
Call or e-mail Laurie & Dan or click on "Ask Your Own Questions."

They can send you information on any Property Listed For Sale on the Multiple Listing Service in the Ottawa area. If you would like them to help you locate a home, please fill out their Information Request Form.

Surfing the Real Estate Board's web site or MLS.CA and found a house that you like but doesn't give you the civic address.
Laurie & Dan can also help. Just fill out their, I would like an address form, please !

Or perhaps you are considering selling your home in the near future, they can also offer you a Complimentary No Obligation Market Evaluation Form