What Do First time Buyers need to know to break into Calgary Housing Market in 2013?
Homes & Condos under $450,000 are selling faster than past few years. Its a Sellers market. So good quality homes that are priced right will not be on the market for very long. A matter of days in a few key areas of Calgary. There can be multiple Offers and homes can sell at List price.
Buyers who keep waiting for a home to drop in price can be disappointed since it could easily sell if it is close to market value. This is where Buyers need a REALTOR® to guide them on price and market value.
Buyers can get caught up in the hype and over pay. Speak to your REALTOR® about market value for the community you are buying in. Ask your REALTOR® “What is the Average Drop Price for community you are planning to buy in”?
Buyers who procrastinate and are indecisive will miss out! If you see a home or condo that stands out from the crowd and looks like great value, don’t wait. The 2013 market is fast and many buyers will be looking at the same property, for the same reasons. A REALTOR® can help Buyers make an informed decision in a fast market that is in the interest of the Buyer.
Before You Make an Offer: Ask your REALTOR® is this home at market value?
Please check out First Time Buyers Check List for 2013.
The Calgary Flood of 2013 has made the rental market very tight and this is impacting the market for Starter homes in Calgary.