Summers around Calgary are a little slower. Instead of walking as quickly as possible through the snowy streets, people take their time to enjoy the smell of a freshly cut lawn and lilacs. Instead of hurrying home after work to hibernate, wings and drinks on the patio are on the itinerary. Instead of binging an entire season of something on Netflix in one sitting, people are getting on their feet and going on adventures. Another thing that has slowed down this summer? The real estate market.
Calgary has been staunchly in a buyer’s market for a number of months now. Inventory levels were high, without the sales to help balance out the market. This was caused by the economy taking a hit, which had the effect of preventing people from being able to buy homes, and forcing others to have to sell their homes. We are finally starting to see inventory levels lower, which is good for sellers! However, the market is still moving much more slowly than it normally does this time of year.
If you are feeling the heat of mid-July and a slower market, here are some tips for getting your home sold:
Make sure you have a local expert on your side by partnering with me, Ken Richter. I have over thirty years of experience helping my valued clients buy, sell and invest in real estate all over the city of Calgary in every type of market. My experience is your advantage. Call me directly at 403-630-6363 to set up an appointment so we can discuss her goals.
In this type of market the most important thing is that you make your property stand out among the rest. This could mean investing a small amount of money to get fresh appliances, repaint the fence, etc., or offering buyers incentives such as throwing in the hot tub as part of the sale. I can also help it stand out by providing your home with solid marketing and giving my buyers an opportunity to see it and make an offer.
The market may be slow, but together we will get your home
Your Real Estate Professional,