A blog cannot deal with all aspects of a subject and is not intended to replace professional advice. It's purpose is to highlight information and identify areas of possible interest. Anyone wishing to discuss this blog or to make any comments or suggestions about this blog is invited to do so by either posting comments or emailing me directly.


The end of December quickly approaches and that means that winter will be here in a matter of days!


Many people in Calgary and area view the spring and summer as great times to buy and sell a home, however in Calgary, our busiest times for real estate sales are actually in March, April and May which, officially, are a late winter and early spring market. There are a number of very good reasons to consider selling your home right after the new year. Here are three great reasons:


Your property listing will have less competition — Motivated buyers have less to choose from in January and February, so it’s really safe to say that they’re going to pay attention to every single listing that comes onto the Calgary area MLS® System. Unlike durung the spring market wherein there are literally dozens of new property listings hitting the active market every single day, buyers actually pay more attention to each and every property listing in this slower time period....

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Calgary Real Estate Market Update
It has now been a week since the mortgage insurance rules changed. There has been lots of speculation from a number of banks and other economists over the last several days as to the impact that is forecast. For example, the TD Bank economists forecast that average home prices in Canada will likely contract 10 to 15 per cent over the next two years.
Incredibly, we still see articles quoted from a week prior to this with extremely optimistic numbers based on the conditions prior to the mortgage insurance rules change. These folks are either extreme optimists or they have their heads in the sand.

What Will the Local Effect Be?

The Corporate Economics department at the City of Calgary has now come out with a report with a significantly more local focus. As a result of their prior research and adjustments, their forecast is:
The Calgary housing market has two active sectors, entry-level and move-up level.
Low priced entry-level housing will be affected most by this...
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Priced to SellAttracting buyers and their agents is the name of the game. As a seller, you really have these two goals:
  • To get the most money possible, and
  • To sell as quickly as you can.
Be realistic. Price is the number one factor that most home buyers and their agents use in determining which homes to view. Although the price is set by you, the seller, the value of the home is determined by the buyer. Don't allow your enthusiasm to warp your judgment and lead to overpricing – a mistake you truly can't afford to make.
Here are some factors to consider – recommended by experienced residential specialists – to help you sell your home. This information is not all-inclusive and does not replace the expertise provided by a Seller Representative Specialist™ (SRS™).

What Affects Your Asking Price?

  • Urgency – How quickly must you sell? 
  • Competition – Are there just a few or many homes available in your price category and area?
  • Available Financing...
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Are your real estate agents providing you with the information that you need to hear, or aren't you listening to them?

Two months ago, a young fellow gave me a call about the price of a home that had recently disappeared off the MLS® System market. He thought that I was the agent that had listed it for sale since he had "googled the address" and, as usual, my website was the one that had always come up first in the ranking. [It's a common mistake, but it is really hard to understand why people make it. The MLS® System is where we share each other's listings and have permission to market them throught IDX websites provided we disclose who the listing brokerage is and we don't modify ANY of their data. (It's called a reciprocity agreement). Every MLS® home listing for sale should show up on every agent's websites since it is extremely rare that we would ever bring a buyer to one of our own listings. But, that's another topic.]
Anyway, back to this story...
This fellow...
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