The Wild Ride of the Victoria Real Estate Market. What the heck is going on??

For many trying to keep up with current market conditions and interest rates is a dizzying experience. When to buy? When to sell? When to refinance? Everyone is trying to predict the most optimal time to make their move. To help answer some of those questions, here are some of the facts and highlights of current conditions.

There are currently around 4 477 properties on the Victoria market which is 23% higher than last year.

• For the purchasers this means a lot of selection to choose from and gives you time to make sound, unhurried decisions.
• For sellers it means you really need to consult your Realtor® in order to price your home realistically in order to attract qualified buyers.

Interest rates have declined to Fall 2009 levels which were at historical lows.

• Now is a great time to secure a mortgage and take advantage of the low rates to keep your monthly payments as low as possible.
• This also gives purchasers some added purchasing power, as it is easier to qualify at lower rates.
• For existing home owners now is the time for a mortgage check up. If you are in higher rates and have some outstanding debts that you are paying high interest rates on, now is time to take advantage and potentially save thousands in interest payments.
• For current rates and rate specials visit lawlessbrown.com or give us a call 250.656.0855

We are always happy to provide advice and help our clients navigate today's markets. If you are unsure of what to do, give us a call and let us help you make the sound choice that is best for you and your mortgage needs.

~Krista & Sherri