We know that this recent Calgary real estate market has been challenging. Homes have been sitting on the market for longer than usual, leaving sellers frustrated as buyers continue to withhold offers and inventory levels remain high. While these are not ideal conditions to step into as a seller, you can still come out on top by doing two things:
First, stay informed! Each month we summarize the Calgary Real Estate Board's latest statistics report. You can find those summaries here and visit CREB yourself here.
Second, partner with us and experience the Team Ken Richter Advantage. When you are one of Ken's valued clients, you get to experience the power of an incredible professional real estate
We know you have seen the ads. Billboards proclaim 'WE WILL BUY YOUR HOME!' or 'Home Not Selling? Let us Buy!' These renegade real estate companies promise that if your home does not sell within a set number of days, they will buy it from you. It sounds like a good deal, but it really does not benefit you unless it is absolutely essential you be rid of your property right away. Here is why:
Typically the contracts for these deals state that the company will list your home for an agreed upon price for an agreed upon time. If your home does not sell within that amount of time, they will buy it from you for a different price. As previously mentioned, if it is crucial that you sell your home in the next sixty days these types of deals can be a last
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
Open Houses are constantly happening all over the city. There are so many ways you can find an open house to visit: you can ask your realtor to take you to them, check local ads and roadside signs for house showings, follow word of mouth recommendations, google it, etc. An Open House is a great opportunity to see what is on the market, whether you are thinking of buying or selling. Plus, it can be fun to peak inside other people's homes.
When you go to an Open House, you need to come up with a clear game plan. Start by answering this simple question:
What do I hope to get out of this?
If you want to simply explore various properties for fun, that is completely fine! Make sure that when you do this you are considerate of the people who are
In the summertime everything comes to life. The trees start growing their leaves, the flowers start blooming, animals come out of hibernation and people start turning off Netflix and heading outside. With the sun out longer and holiday time banked, the summer becomes the perfect time to tackle that big project, have cold drinks on the patio, spend time with the family and, for many people, move.
That's right, while the springtime is when many homes get listed for sale in Calgary, Alberta, possession often happens during the summertime. This is because with such nice weather and more holidays, it is easier for people to move out of their old homes and into their new homes. If you are one of these people, we have 3 tips to help the process go
Every once in awhile we like to provide you with a refresher list of real estate terminology. We use these terms a lot, so it is important to fully understand what they mean so that you can learn more from what we share. We want you to feel informed and supported in your real estate journey. Here are some of our top terms:
Multiple Offers: This occurs when multiple buyer’s are interested in purchasing your property. They will each submit a bid, then you get to choose which one you will sell your property to. Some factors to consider when this happens are: who the people are, how much money they are offering, when they expect to move in, etc.. To read more about how we can help your property get multiple offers, check out our 10 Step Marketing Plan!
The first thing prospective buyers will notice about your home for sale is its curb appeal.
Curb appeal is all about making a great first impression. A home with great curb appeal can stop traffic. It can entice people to look a little more closely at the “For Sale” sign on the front lawn. It is what gets potential buyers out of their vehicles and onto your property.
Even the plainest properties can be eye-catching; it’s all about staging. Try these simple, cost-effective ways to give your curb appeal a boost during the listing of your home.
Make your front door a statement piece. Install a beautiful wood door, or paint the existing one a fun colour. If you don’t want to change the door itself, consider dressing it up with a seasonal
Congratulations! You have made the huge decision to put your property on the market. Like so many other Calgarians with homes for sale, you may be feeling the pressure of selling your home during this buyer's market. Conditions do not make selling a home easy right now, which can be frustrating as a homeowner ready for the next step.
While the amount of time a home spends on the market can be heavily influenced by the market, there are a number of reasons why your home may not be selling as quickly as it could. Typically the solution is simple, so here are some things to evaluate:
The Price || Sometimes the asking price for your home is not appropriate given the location or market conditions. If your home is priced significantly higher or lower,
Owning a home in Alberta, Canada comes with many benefits; especially during Tax season.
Buying a home in Calgary, Alberta is a dream for many people. While getting to explore new types of homes and neighbourhoods as a renter is fun, actually owning a property enables you to do so much more that it's worth being more stationary. For example, you can paint however you like and put nails in the walls. You can renovate the space to meet your needs and even rent out some of it yourself. You can proudly call yourself a homeowner, and come tax season, you can claim a number of benefits and deductions.
First, for you first time home buyers, you can claim a tax credit of up to $5000.00 for the purchase of a qualifying home during the tax year. So long
Calgary was established in 1875, garnering its name from the Isle of Gull in Scotland. Fun fact: loosely translated from the original Norse language, Calgary means 'cold garden.' For years people have flocked to our great city; this beautiful, cold garden; in search of something more. Calgary has always been viewed as a welcoming place for those seeking more opportunities for themselves and their families. Here at Team Ken Richter, we are proud to be Calgarians.
One of the biggest draws to this city has been the energy sector. Many jobs in the oil and gas industry are based in Calgary. If you ask any Calgarian, chances are someone in their immediate family works in the energy sector. Because of this great opportunity to find work in a booming
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.