If you've been waiting for the right time to enter the real estate market, this might be it.
After years of low inventory and intense competition, the local market is starting to shift in favour of buyers—especially in Surrey and Cloverdale. With more homes available and fewer bidding wars, you now have the rare opportunity to buy with confidence, not pressure.
Why Buyers Have the Advantage Right Now
- Inventory is high
- Prices are holding steady—or trending down
Benchmark prices for detached homes, townhomes, and condos have dipped slightly, offering more value and room to negotiate.
- Less competition
With many buyers still sitting on the sidelines, active house hunters are experiencing fewer multiple-offer situations and more flexibility during negotiations.
What This Means for You
You don’t need to rush or overextend. Whether you're upsizing, downsizing, or buying your first home, this market gives you time to think, compare, and negotiate on your terms.
But to truly take advantage of these conditions, it helps to be prepared. Here’s a quick breakdown on how.
The Buying Process — Step-by-Step
Step 1: Get Pre-Approved
Before browsing listings, connect with a mortgage specialist to understand your budget. A pre-approval not only shows sellers you’re serious, but also helps you shop with clarity and confidence.
Step 2: Define Your Priorities
Make a list of must-haves and nice-to-haves. Consider your lifestyle, future plans, and commute. In Surrey and Cloverdale, that might mean choosing between newer builds in Clayton Heights or larger lots in older neighbourhoods.
Step 3: Partner with a Local Realtor
Working with someone who understands the community—and the current market—can make a huge difference. I help clients identify hidden gems, spot overvalued listings, and negotiate smartly in buyer-friendly conditions.
Step 4: Start Touring Homes
With more inventory available, you’ll have time to compare and consider your options. We’ll schedule private showings and open houses, and I’ll help you evaluate each home based on value, condition, and resale potential.
Step 5: Make an Offer (That Works for You)
In a slower market, you may have room to negotiate on price, conditions, or even closing dates. I’ll guide you through the offer process and help you position yourself as a strong—but savvy—buyer.
Step 6: Do Your Due Diligence
Take advantage of the slower pace. Get a home inspection, review strata documents (for condos and townhomes), and confirm financing details before you commit.
Step 7: Close the Deal and Move In
Once your offer is accepted and subjects are removed, you’ll finalize financing, sign paperwork, and prepare for possession day. Congratulations—you’re a homeowner!
Tips for Buying in This Market
- Be realistic, but don't hesitate to negotiate—there’s room to work with.
- Take your time. The right home is out there, and you don’t need to rush.
- Ask questions! The more you know, the more confident you’ll feel in your decision.
Let’s Make a Plan That Works for You
Buying a home isn’t just about market timing—it’s about preparation, strategy, and good guidance. As someone who lives and works in the Surrey/Cloverdale area, I’m here to offer hands-on advice, honest feedback, and local insight tailored to your goals.📞 Have questions? Let’s talk.
Whether you’re actively looking or just starting to explore, I’d love to help you move forward with confidence.
Whether you’re actively looking or just starting to explore, I’d love to help you move forward with confidence.