As I'm sure you know, there has been a lot in the media about calgary real estate, including gloom and doom reports about the housing market. Most of what you read is indeed true for a particular market, but real estate is a local phenomenon.
So don't expect to pick up a five-bedroom home in Calgary's Mount Royal for $600,000, just because you saw something online that said there might be a foreclosure in that neighborhood!
Nevertheless, some areas have been hit very hard by the recession, and that can make it more of a challenge for pricing a house to be placed on the market.
I have been analyzing data in such a way as to test my hypothesis regarding how quickly a house sells once it is priced right. I adjusted days on market to reflect time between price reduction and contract"and confirmed that once a...
Something to think about before listing your Calgary Home Vacant
Home staging is proven marketing technique for selling homes. Here is something you should consider before listing your home vacant.
- 90% of people can not imagine what a space would look like with furniture
- People buy homes, not houses so its important to make buyers feel at home
- An empty space looks smaller and the negatives become more noticeable
- A vacant space show cold, dark and unwelcoming
Take a look at our before and after photos of a vacant property we staged in Mission. Buyers were having a hard time visualizing the floor plan and felt the space was too small. After staging this properties sold in 42 days was on the market 210 days prior to staging.
This particular home was staged by Elysse at Simply Stylish...
Selling your Calgary House during the Holiday Season
Lets face it Christmas is fast approaching the weather is cooling off and the snow will soon start to fall. All these factors make it more difficult to sell your home.
Yes Buyer's are distracted with holiday shopping and time with family but you can tempt buyers to take a look at your property with these holiday staging ideas.
A wreath on the front door gives buyers a welcoming feel. It can be seen from the street so it bumps up your curb appeal. Choose colors that match the exterior of your home.
You need to remember when selling your home less is more. You don't want your home to feel...
Many Canadian buyers consider purchasing a home or condo in Hawai'i, not only as a reprieve from the unforgiving winter months, but also as an investment (which could easily turn into a retirement haven). But before spending everything in the savings account, buyers should keep a few things in mind:
* Financing - Although savvy investors flock to the U.S. for their property investments, the options to finance a real estate purchase in the U.S. by foreign citizens is extremely limited. A method used by some Canadians is to use existing line of credits, secured by their home, to purchase their Maui condos and homes. As such, it is a cash sale and one which gives further negotiating...
Buyers' Market Continues in Calgary
Home sales in the city of Calgary increase month-over-month in September 2010
Calgary, October 1, 2010 " Calgary real estate sales were up month-over-month in September 2010, the first uptick in sales since April 2010. Year-over-year sales continued to trend lower in the month of September, but at a pace slower than previous months, according to figures released today by the Calgary Real Estate Board (CREB®).
The number of single family home sales in the month of September 2010 grew by 10 per cent at 958, compared with August 2010, when sales were 867. The number of condominium sales for the month of September 2010 was 366. This was an increase of 1 per cent from the 364 Calgary condominium transactions recorded in August 2010.