In the spirit of ‘ask VHB’ I’m posting an open question received via email regarding what realtors are saying to potential sellers in Vancouver these days:
We’ve all heard the realtor mantra ‘Buy now or be priced out forever’ but what are realtors saying to those that are on the fence about selling?Is there anyone out there that has sold recently that can enlighten us on what the sales pitch is on the other side of the market? The upsurge in listings recently in conjunction with the now obvious bad news in the United States suggests that they might be pushing for sellers to enter the market now in an effort to maximize revenue and commissions before the bottom falls out of the market.
I don’t know if ‘buy now or be priced out’ is a realtor mantra, I think its more of a general fear amongst potential first time buyers, but I’d be interested in all angles of this question: if you’re a realtor are you finding it easier or harder to find sellers? If you’re looking to buy or sell what are you hearing from realtors? Is there any discussion about the US market popping up amongst local realtors?