Northumberland Real Estate Report
The Cobourg Port Hope Northumberland Real Estate Market
Has not seen the spring push we would normally expect. BUT it’s still early.
Because we have so much less inventory than normal we were all hoping to see new homes come on the market sooner this year. But that has not been the case.
The more urban areas of Cobourg Port Hope Grafton Colborne and Cold Springs are still experiencing less homes and properties or really any kind of real estate for sale than we would expect.
Lack of Northumberland Homes For Sale Is A Mixed Blessing
For people who are trying to buy a home in Cobourg Port Hope are anywhere in Northumberland County, life can be very difficult. The choice of what home to buy is very limited. Many home buyers don’t have the luxury of choosing neighbourhood, or even style. If you wanted to live in Cobourg and you had a fixed budget, there may only be several homes available. And when a piece of real estate that fits your needs does come available there can be a significant number of home buyers trying to make a deal on the same home. The speed of the process has really picked up. People are often being forced to make snap decisions about the life their family will lead. Forge that it’s also often their largest single investment.
Homes Sellers Get Caught Up Too
When the real estate selling process speed picks up, and home buyers start to feel pressure it can translate into almost becoming a RACE to see who can buy the home first.
At The Northumberland Home Values Group we think that can be a mistake. It shouldn’t be the First on which a cheque – It should be the BIGGEST cheque wins.
We’ve been working since the fall of 2014 to build platforms and strategies to SLLLLLLOOOOOOOWWWWW the process down to be sure every property is exposed to the greatest number of possible buyers. We target the most probable buyers and reach out them where they are to be sure that every buyer has a fair opportunity. In doing that we have been able to help Northumberland home sellers do much better in the marketplace.