Calgary Real Estate Market May 2022
Are you looking to sell your home in Calgary?
It's always hard to know when to put your house on the market. In some cases, it's entirely out of your control. But with fewer Calgary houses for sale, now is an excellent time to list your home and generate buyer interest.
Before you do, it's important to find the right calgary real estate agentith your best interests at heart.
Learn more about real estate in Calgary and tips for finding the best realtor to sell your home.
Calgary Real Estate Market Report
The Calgary, Canada, real estate market is seeing a record number of house sales. Given the current climate, this is not unexpected. During the first few months of the year, Calgary experienced record-high sales with low inventory, which may come as no surprise for those struggling to purchase a property.
Detached single-family homes increased by 13 percent to $671k, while semi-detached homes rocketed by over a whopping 20 percent. Like 2021, 2022 is shaping into a strong seller's market.
As demand continues to exceed supply, we will see high prices for the foreseeable short-term future. However, the Calgary Real Estate Board (CREB) suggests that housing sales will drop by 7.5 percent as rising lending rates attempt to flatten the market out.
Tips to Find the Best Realtor to Sell Your Home
Selling a home is no small feat. It's one of the most significant decisions you will make. When you're ready to sell, finding a real estate agent with the experience to guide you through the process is key.
Here are some of our best tips for finding the right Calgary REALTOR® to sell your home.
Choosing the right Calgary real estate agent
Some would argue that the most important factor is to choose an agent with vast knowledge of the local area. A local agent who lives and breathes real estate in your area is more likely to understand the market better.
Another benefit of a local real estate agent is access to testimonials. You can ask your agent for testimonials from previous clients who also sold in the same area. This will give you the peace of mind that your agent will achieve the best possible outcome.
Ask About Experience
There are many benefits to choosing an experienced real estate agent. Experienced agents offer valuable advice, have a great rapport with other agents, and have negotiation experience.
They also can offer you recommendations for mortgage lenders, title companies, home inspectors, appraisers, and general contractors.
With market knowledge that spans years, you can rest assured that your agent knows what they're doing and is committed to ensuring their reputation remains intact.
Evaluate Their Negotiation Skills
When selecting an agent, you need to know that they have strong negotiation skills. An agent who can negotiate effectively can detect when buyers can increase their offer.
The agent's role in negotiation is significant. They represent the buyer's interests and act on their behalf.
Some of the benefits of hiring an agent with excellent negotiation skills are:
- They have unique knowledge you do not possess
- They have access to resources
- They have the experience
- They are not emotionally invested
You can test your agent's negotiation skills by seeing whether they negotiate their commission. They are more likely to have your back during the negotiation period if they do.
Contact Their References
It isn't easy to know what type of service a real estate agent provides before hiring them. The best way to learn more about them is by contacting their previous clients.
Most Calgary REALTOR® s are more than happy to provide a list of clients willing to provide feedback. You can ask questions about the level of service, their communication skills, and how helpful they were.
Of course, you can also search online for previous reviews. Many past clients submit reviews online and on the actual real estate site.
First Impression Matters
First impressions count for almost every aspect of life. Real estate is no exception. Just as the curb appeal of your home matters, so does your agent.
Find an agent who is friendly, approachable, and passionate. Some of the best traits of a real estate agent are:
- Problem solver mindset
- Honest and trustworthy
- Passion for houses and architecture
- People person
Of course, it isn't easy to gauge all of the above in a single conversation. However, one or more of these traits points to a good agent.
Why Choose Us
There's no denying it; there are a lot of real estate agents in Calgary. So, why us?
At Calgary Listings, we might be a small team, but we pack a big punch. Here are just some of the reasons why clients choose us to help them sell their homes:
- Leverage the latest software and technology
- Accessible to answer questions and provide updates
- Utilize social media to stay connected
- Provide honest advice with the highest level of customer service
- Extensive knowledge of the local market
Last but not least, we're friendly, supportive, and approachable. As Calgary real estate agents, we know how stressful and emotional selling a home is.
Our goal is to make the process as smooth and as comfortable for you as possible. If you decide to sell your home with an agent, our team is more than happy to assist you.
Ready to List Your Calgary House for Sale?
There's no beating around the bush; it's a seller's market. With fewer Calgary houses for sale, prices continue to skyrocket.
This is the perfect time to list your property on the market. For the best REALTOR® s in Calgary, choose Calgary Listings. We are the experts in real estate in Calgary.
We work with sellers in all ranges and pride ourselves on giving honest advice and the highest level of customer service.
Are you looking to sell? Contact our team today!