Tips for Making a Competitive Offer in a Seller's Market
Posted by Ken Richter on
There is no question about it: Calgary, Alberta is in the midst of a seller's market. What is a seller's market exactly? Investopedia writes, "A seller's market is a market condition characterized by a shortage of goods available for sale, resulting in pricing power for the seller. A seller's market is a term commonly applied to the property market when low supply meets high demand"
In a seller's market, buyers need to make their offer stand out amongst the rest! Here are some tips on how to do so:
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Get Pre-Approved for a Mortgage: Before you start house hunting, get pre-approved for a mortgage. This will show sellers that you are a serious buyer and can afford the home. It makes it more likely your financing will pull through and not leave…
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