Here’s the big question after the flood: Should you stay or sell your Calgary home?
Image courtesy of Vichaya Kiatying-Angsulee/ FreeDigitalPhotos.net
“Our greatest glory is not in never falling, but in rising every time we fall.” – Confucius
Calgary has certainly risen since the devastating flood a few weeks ago. Unfortunately, there are still 8,000 to 10,000 people who won’t be able live in their damaged homes for quite some time, according to CEMA director Bruce Burrell (http://www.calgarysun.com/2013/06/28/calgary-flood-damage-will-force-as-many-as-10000-people-from-their-homes-for-a-long-time). While the rebuilding gets underway, I have also had homeowners who were fortunately not affected by the flood ask if now is the right time to stay or should they sell.
If this is the position you find yourself in, here are some questions that could help you decide:
- What were my plans before the flood? If you were planning on selling before the flood, re-examine the reasons. Where were you planning to move? Has that area been affected by the flooding or was it relatively unscathed? The provincial government made some announcements this weekend with regard to homes in high-risk areas, so staying on top of the latest developments may help you make an informed decision.
- What if I stay? Calgarians don’t just sit back and wait for things to happen. This is Stampede country, and cowboys don’t give up without a good fight! So if you decide to stay, stay safe. Have your home inspected for lurking danger due to the water damage, and keep your ear to the ground on measures that are being introduced in your neighborhood to make it more resilient to flooding and other disasters.
- What if I want to move? With the expected influx of people moving into the city to help rebuild it, upward pressure on values is expected. Subdivisions like Altadore, which is on higher ground, will likely be considered favorable to buyers. Have your home evaluated and then make a decision.
Whether you’re staying or selling, or still undecided, the Calgary flood has been an emotional time for all of us. There are no right or wrong answers if you are deciding whether to sell or not. Take your time, make informed decisions and you will make the decision that is right for you and your family.
If you know any friends, family or co-workers who are looking to buy, sell or invest in real estate within the next six months, would you forward this email to them or reply with their contact information? I’ll send them important information about the Calgary, AB surrounding area real estate market and politely ask for their business. I greatly appreciate your valued referrals; it’s the only way I build my business.
About Bryon
Bryon Howard is a top-producing real estate agent with Re-Max House of Real Estate in Calgary, Alberta. He is in love with his high school sweetheart, an enthusiastic Dad and crazy about endurance sports. To learn more about Bryon and his real estate tips, head on over to his website.
Tags: Altadore homes for sale, Altadore houses for sale, Altadore Real Estate
