Increased mortgage rates and more homes on the market have enabled buyers to benefit from some pretty good discounts.
Commenting on the property trend in The Standard this week, Black Brick Founder & Managing Partner, Camilla Dell shared why she believes these discounts are occurring: because sellers are being too optimistic from the get-go.
“We are only seeing big discounts on property that was over-priced to begin with or on property that is seriously compromised. Good properties, that are what we love to call ‘best in class’, located on desirable streets and in turn-key condition, are selling well and often at or even above the asking price.”, she said.
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