Seller’s Market In Calgary Real Estate: Tips to Know When Buying A Home
Tuesday, June 3rd, 2014
Peace Bridge
Courtesy of Jeff Whyte Photography
There is no doubt that 2014 has unfolded so far as a seller’s market in Calgary. Here are the reasons why
- Inventory is low and homes are selling incredibly fast in Calgary Real Estate Market.
- The value of real estate continues to increase in major cities across Canada, and Calgary is certainly keeping up with the pack. People who are looking for homes need to be prepared to act quickly.
- With the reduced inventory of Calgary properties to choose from, it’s important to come forward with a serious offer to the seller; if you find the home that meets your needs and your budget.
Meanwhile, if the last few months have been any indication, it appears that inventory is slowly on the rise. Although it will take some time before we transition back into a buyer’s market, here are some tips to know:
- If you are thinking of buying this summer, mortgage rates are sitting at record lows for yet another season. This makes a tremendous difference in terms of affordability; it can save you thousands of dollars over the course of your mortgage.
- If you are thinking of buying in the next few months, it’s a good idea to speak to your Calgary mortgage broker and request a rate hold so you are ready to make a move when the right property comes on the market.
- Keep in mind, a rate hold doesn’t require any obligation on your part, but it does give you the ability to determine your monthly payments more accurately. Particularly if you are a first-time buyer, choosing a home that fits into a monthly budget that you are comfortable with is important to meet your short and long-term objectives.
- Whether you are planning on buying a home in Calgary, looking for your first investment property, or thinking of building the home of your dreams, you can make a decision with confidence. Calgary continues to a desirable and profitable place to invest.
This city has established itself on a strong foundation and the future is looking bright. So many people move to Calgary because they are looking for new opportunities.
Your next real estate opportunity could be just around the corner.
Are you looking to Sell or Buy a home in Calgary and need someone who won’t rest until you’ve found your dream home or until your home is sold? I’ll work hard to earn your trust and to deliver exactly what you need. Contact me at 403-589-0004 or at TheHowardTeam.net.
About Bryon Howard
Bryon Howard and his team of Calgary real estate professionals sell an average of two homes a week. He is a member of the MLS Million Point Club, which ranks him roughly in the top 1% of productive realtors in Calgary. His aim is not just to please clients but to help them buy/sell a home in Calgary at the best price, in the shortest time, and with the least hassle. He is a member of the RE/MAX House of Real Estate that leads in the Canadian market. Learn more about Bryon at TheHowardTeam.net.
