"Higher mortgage rates expected in the mid to later part of the year may increase demand throughout the St. John's Real Estate market in the first half of 2010. It could however, weaken demand in the second half. Pending an unforeseen increase in listing inventory, further price increases are anticipated."

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Real Estate Listings

View our selection of homes for sale in St. John's and surrounding areas. Contact us if you have any questions.  Remember, there are ZERO costs to use our services when buying your home.

Our Active Listings 

Home Market Evaluation


A home market evaluation is based upon similar properties, 'comparables', that have sold in your area. It will provide you with an approximation of your home's current market value, based upon the information you provide us. We then adjust for distinct features of your property, taking into consideration, condition, age, size, etc. Our report represents our professional opinion of what a buyer would likely be willing to pay for a home such as yours, within a reasonable period, in today's real estate market.
Market Evaluation Chart
Real Estate Studies have shown in a steady market that 75% of homes for sale at an accurately calculated suggested listing price will sell within 5 weeks or less. 95% of the homes priced at just 2% under the suggested listing price will sell within 3 weeks. But, if a home is over priced by just 5%, chances are only 1 in 20 that it will sell in 12 weeks or less.
Our suggested listing price is an experienced evaluation of what a home would sell for, without undue waiting or inconvenience.

How long does it take to market a property?

The length of time it takes to market a house will vary. Some properties will sell in just a few days, others may require several weeks. The following are six factors that influence the time it takes to sell a property.

Competition

The supply of other choices buyers will compare your property with is constantly changing. The current competition always affects the buyer's opinion of your property and what they think it is worth. The question to ask is, What will be the buyer's other choices at the time they are shown your property?

Price

If the property has not sold after a reasonable length of time, but other properties have, then the price may need to be reduced.

Property

If the property shows poorly or has major defects which are not corrected, a sale may not occur until the defects are corrected or the price is adjusted to compensate for the defects.

Financing

The current cost of mortgage financing plays an important role in the affordability to most prospective buyers. If these costs are too high, then the financing may cause a delay or prevent the sale.

Timing

Supply and demand are the factors influencing whether it is a sellers or buyers market. This most be taken into consideration at the time of selling/buying your property.

Marketing

Marketing techniques are constantly being tested and updated for the best results. We provide you with a constant up-to-date information on how your house is being marketed and provide you with feedback we are receiving to help determine the marketability of your property.

How quickly your property sells will depend upon how you use the information we provide.

 

Stephen and Fraser Winters, Remax Realtors
Direct: (709) 682-9045 or (709) 682-9245
Fax: (709) 726-8316
Email:info@fatherandsonteam.ca

Remax Realty Specialists
40 Aberdeen Ave
St. John's, Newfoundland
A1A 5T3
www.FatherAndSonTeam.ca