Geoff Antrum &    Matt Antrum Welcome to Search Calgary Homes

Thinking of Selling Your Calgary Home

Wed, 18 Jan by Geoff Antrum & Matt Antrum (Father & Son Team)

ThinCIR_newLogo_finalking of Selling Your Calgary Home?
Do I Buy first then sell? Or Sell then Buy?
There are three options to look at and choose.
Sellers need to think very carefull about the option they choose.

Option 1: Low Risk: Sell Your Home First then Buy Your Next Home
This option is the safe financial approach for most clients. Put your property on the market and wait for a firm sale, i.e. when all conditions have been removed. Ensure you have a 2 to 3 month possession date so you have time to find a new property.

This ensures you know what funds are coming from the sale of your home.
The sold price is fixed and you can make an offer on a home with confidence.

You only need to have two basic conditions when buying with Option 1:
1) Homes Inspection
2) Finance Condition
Sellers do not like a Sale of Buyers Home Condition and Option 1 does not require this condition.

Option 1 allows you to make an Offer that is more aggressive and the seller will more likely negotiate with you.

Option 2: High Risk: Buy Your Next Home and List your Home

If you have funds beyond your present home this option works.
However if the funds for the home you are buying come from your present home then this is high risk.

Option 3: High Risk: Make an Offer on your next home that is conditional upon sale of your home. Can cost you money and frustration! No Deal!

This can be costly since the seller will not generally drop price of home a significant amount. The deal does not usually go through due to sale of your home not completing on time. The seller may not even look at your offer due to this condition, especially in competing bids.

Need a Home Evaluation please click on this link:
http://www.searchcalgaryhomes.ca/free_market_evaluation.php

Calgary Housing Forecast: A slow transition for 2017

Thu, 12 Jan by Geoff Antrum & Matt Antrum (Father & Son Team)

Calgary Housing Forecast: A slow transition for 2017

After calgary_skyline_bow2_0 updatea long period of economic downturn, Calgary’s housing market is expected to see some price stability in 2017, but not across all market segments and property types. Both detached and attached prices remain unchanged over 2016 levels, while apartment is forecasted to contract by another two per cent.

“The transition in the housing market will be a slow process,” said CREB®chief economist Ann-Marie Lurie. “We are entering the year with high unemployment rates and the possibility that job growth will not occur until the latter portion of 2017. These conditions will continue to weigh on housing demand, but supply is adjusting to weaker sales activity, which will eventually translate into price stability.”

City-wide sales are forecasted to total 18,335 units in 2017, a three per cent gain over 2016, but 12 per cent below long-term averages. This modest demand change will merge with declining listings and easing inventory in the new home market to support more balanced conditions and prevent further downward pressure on prices.

“This year is about moving away from extremely challenging conditions,” said 2017 CREB® president David P. Brown. “The transition is going to take some time, which means sellers need to stick with the fundamentals of pricing their homes correctly against other comparable product in the market. There’s still lots of choice out there for buyers, but major price declines are unlikely in most segments.”

http://www.creblink.com/News_and_Events/News/2017/January/CREB_forecasts_a_slow_transition_for_housing_in_2017/