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How’s the Townhome Market in Calgary?

The latest CREB stats for May 2024 indicate important trends in the Calgary townhome market. Here are the key highlights:

1. Sales Growth:

  • Sales have increased to 540 units in May 2024, up from 496 units in May 2023.

  • Year-to-date (YTD) sales have risen, from 1,822 in 2023 to 2,119 in 2024.

2. New Listings and Inventory:

  • New listings have grown significantly, with 688 new listings in May 2024 compared to 562 in May 2023.

  • The total inventory has increased to 424 units in May 2024 from 406 in May 2023.

3. Days on Market:

  • The average days on market have decreased, indicating a faster-paced market. In May 2024, it stands at 18 days, down from 20 days in May 2023.

4. Pricing Trends:

  • The benchmark price for townhomes has risen to $462,500 in May 2024, compared to $387,800 in May 2023.

  • The median price increased from $386,750 in May 2023 to $457,500 in May 2024.

  • The average price saw an increase, reaching $473,913 in May 2024 from $406,597 in May 2023.

5. Price Range Sales:

  • There has been notable growth in sales across higher price ranges. For example, sales in the $450,000 - $499,999 range increased from 55 units in May 2023 to 122 units in May 2024.

  • Higher price brackets, such as $500,000 - $549,999, also saw substantial growth, with sales rising from 43 units in May 2023 to 76 units in May 2024.

6. Market Trends:

  • The average price, median price, and benchmark price have all seen a year-over-year increase, indicating overall price appreciation in the market.

  • The months of inventory have trended downward, suggesting a tightening market with increased demand relative to supply.

In summary, the Calgary townhome market is experiencing robust growth with increased new listings, higher prices, and a quicker turnover rate, reflecting strong demand and a healthy market environment.

We offer free home evaluations for home sellers and ready to help home buyers anytime. 

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How’s The Market For Detached Homes In Calgary?

The latest CREB stats for May 2024 indicate notable trends in the Calgary detached home market. Here are the key highlights:

1. Sales Growth:

  • Sales slightly decreased to 1,385 units in May 2024 from 1,485 units in May 2023.

  • Year-to-date (YTD) sales have increased, with 5,538 sales in 2024 compared to 5,283 in 2023.

2. New Listings and Inventory:

  • New listings have risen significantly, with 2,036 new listings in May 2024 compared to 1,795 in May 2023.

  • The total inventory has increased to 1,596 units in May 2024 from 1,484 in May 2023.

3. Days on Market:

  • The average days on market has decreased, indicating a faster-paced market. In May 2024, it stands at 18 days, down from 22 days in May 2023.

4. Pricing Trends:

  • The benchmark price for detached homes has risen to $761,800 in May 2024, compared to $674,000 in May 2023.

  • The median price increased from $657,464 in May 2023 to $730,000 in May 2024.

  • The average price saw a significant increase, reaching $822,873 in May 2024 from $733,230 in May 2023.

5. Price Range Sales:

  • Sales have increased in higher price ranges. For example, sales in the $700,000 - $749,999 range increased from 143 units in May 2023 to 168 units in May 2024.

  • Higher price brackets, such as $1,000,000 - $1,299,999, also saw substantial growth, with sales rising from 70 units in May 2023 to 106 units in May 2024.

6. Market Trends:

  • The average price, median price, and benchmark price have all seen a year-over-year increase, indicating overall price appreciation in the market.

  • The months of inventory have trended downward, suggesting a tightening market with increased demand relative to supply.

In summary, the Calgary detached home market is experiencing robust growth with increased new listings, higher prices, and a quicker turnover rate, reflecting strong demand and a healthy market environment.

We offer free home evaluations for home sellers and ready to help home buyers anytime. 

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Calgary Real Estate Market Update: May 2024

As we welcome the warmth of spring in Calgary, the real estate market is showing signs of renewed activity. In this article, we'll delve into the current state of the market, exploring trends, statistics, and expert insights to help you make informed decisions.

Market Overview

The Calgary real estate market has experienced a steady recovery since the pandemic. According to the Calgary Real Estate Board (CREB), April 2024 saw a 12% increase in sales compared to the same period last year. This growth is largely driven by the detached home sector, which accounts for over 60% of total sales.

Detached Homes

The detached home market is leading the charge, with a 13% year-over-year increase in sales. The benchmark price for detached homes rose 1.3% month-over-month to $749,000, and 13% year-over-year. This growth can be attributed to increased demand, particularly in the $500,000 to $1,000,000 price range.

Semi-Detached and Row Homes

Semi-detached and row home sales have also seen a significant uptick, with a 15% year-over-year increase. The benchmark price for semi-detached homes rose 1.5% month-over-month to $520,000, and 10% year-over-year. Row home prices saw a 1.2% month-over-month increase to $430,000, and a 9% year-over-year increase.

Condominiums

The condominium market is slowly gaining momentum, with a 5% year-over-year increase in sales. The benchmark price for condominiums remained stable, with a 0.5% month-over-month decrease to $270,000, but a 3% year-over-year increase.

Neighborhood Spotlight: Beltline and Downtown

The Beltline and Downtown areas are experiencing a surge in popularity, driven by the demand for inner-city living and proximity to amenities. Sales in these areas have increased by 20% year-over-year, with the benchmark price for detached homes rising 15% to $1,200,000, and condominium prices increasing 5% to $400,000.

Expert Insights

"Calgary's real estate market is showing promising signs of growth, particularly in the detached home sector," says Jerry Charlton, a seasoned real estate agent with years of experience in the Calgary market. "As the economy continues to recover, we expect to see increased demand and prices stabilizing. It's an excellent time for buyers to explore their options and for sellers to capitalize on the growing market."

What's Next?

As we move into the summer months, we anticipate the market to remain active, with continued growth in the detached home sector. Interest rates are expected to remain stable, making it an attractive time for buyers to enter the market. Sellers, on the other hand, should consider pricing their properties competitively to attract potential buyers.

Conclusion

The Calgary real estate market is poised for a strong summer season, driven by the detached home sector and growing demand in popular neighborhoods like Beltline and Downtown. Whether you're a buyer or seller, it's essential to stay informed and adapt to the changing market conditions. Contact Jerry Charlton and his team to navigate the market with confidence and expertise.

Stay Informed

Subscribe to our newsletter for regular market updates, expert insights, and exclusive listings. Follow us on social media for the latest news and trends in the Calgary real estate market.

Get in Touch

Contact Jerry Charlton and his team to discuss your real estate needs and goals. Call (403) 123-4567 or email jerry@jerrycharlton.com to schedule a consultation today!

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The Calgary Real Estate Market is going through a transition phase we have seen before. After years of slow to no growth in prices, the past three years have more than made up for it. Prices jumped over 20% in quite a few communities in the past year alone. These huge jumps are not normal and happen after long periods of sideways price action. I having seen this movie before, expect some slight pull backs before leveling out once again with these higher prices becoming the new normal. 

2024 April Calgary Housing Sales Report
2024 MLS Home Sales Report for the City Of Calgary
2024 MLS Home Sales Report for the City Of Calgary
MLS Calgary Community Map

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Getting the Most Money Selling a Home in Winter in Calgary

Selling your home during the winter in Calgary can be a great opportunity to get the most money for your property. While the market may slow down compared to the spring and summer months, serious buyers are still actively searching for homes. With the right strategies, you can make your winter home sale a success.

Price it Right: One of the most critical factors in selling your home for top dollar during the winter is setting the right price. Work with a real estate agent to determine a competitive and attractive listing price based on the local market conditions.

Enhance Curb Appeal: Even in the winter, curb appeal matters. Clear snow and ice from walkways, add some outdoor lighting and consider placing a welcoming winter wreath on the front door.

Highlight Winter Features: Emphasize the winter-friendly features of your home. If you have a cozy fireplace, make sure it's lit during showings. Showcase the warmth and comfort of your home.

Professional Photography: Invest in professional photography to capture your home's beauty in the winter light. High-quality photos can make your listing more appealing to potential buyers browsing online.

Be Flexible with Showings: Winter schedules can be unpredictable, so be flexible with showing times to accommodate potential buyers' needs. Make your home as accessible as possible.

Keep Your Home Cozy: During showings, keep your home at a comfortable temperature. A warm and cozy atmosphere can make buyers feel more at home and more likely to make an offer.

Selling your home in the winter in Calgary is entirely possible with the right strategies. By pricing your home competitively, enhancing its curb appeal, and showcasing its winter features, you can attract motivated buyers and maximize your selling price. With a little effort and the help of a skilled real estate agent, you can make the most of your winter home sale in Calgary.

FAQs

What advantages does selling a home in the winter in Calgary offer?

Selling in winter often means less competition in the market, allowing your home to stand out more easily to serious buyers. Additionally, buyers in winter are typically more motivated to close quickly, particularly those relocating for jobs in Calgary’s vibrant economic sectors such as energy and technology.

How can I enhance my home’s curb appeal in winter?

Keep walkways and driveways clear of snow and ice to ensure safe and easy access. Adding seasonal decorations, like a tasteful winter wreath or string lights, can make your home feel inviting. Ensuring outdoor lighting is adequate can also significantly enhance your home's visibility and appeal during the shorter winter days.

What are the key features to highlight during winter home showings?

Emphasize features that enhance comfort during cold weather, such as a working fireplace, efficient heating systems, and good insulation. Also, highlight any winterized amenities, like heated garages or walkways, that can make winter living more convenient and enjoyable.

Are there specific marketing strategies that work best for selling homes in winter in Calgary?

Utilize online platforms and social media to showcase your home through professional-quality photos and virtual tours, highlighting its coziness and warmth. Targeting local buyers and those looking to relocate to Calgary by emphasizing proximity to amenities like schools, public transit, and shopping centers can also be effective.

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Preparing Your Calgary Home for Winter: Basic Maintenance Tips

Calgary's winters are beautiful but can be harsh, with cold temperatures and plenty of snow. To ensure your home stays cozy and efficient during the winter months, it's essential to prepare with some basic home maintenance. In this guide, we'll walk you through the essential steps to get your Calgary home ready for another winter wonderland.

Inspect and Clean the Gutters: Before the snow starts falling, make sure your gutters are clear of leaves and debris. Proper drainage is essential to prevent ice dams, which can damage your roof and gutters.

Seal Gaps and Cracks: Check for any gaps or cracks in your home's exterior, especially around windows and doors. Seal them with weatherstripping or caulk to keep the cold air out and the warm air in.

Service Your Heating System: Have your furnace or heating system serviced by a professional. Clean filters and vents ensure efficient heating and lower energy bills.

Insulate Your Pipes: Insulate exposed pipes in unheated areas like basements, garages, or crawl spaces to prevent freezing and potential burst pipes.

Check Your Roof: Inspect your roof for damaged or missing shingles. Make repairs to avoid leaks when the snow melts.

Clean and Adjust Ceiling Fans: Reverse your ceiling fan's direction to clockwise; this will help distribute warm air evenly throughout your rooms.

Test Smoke and Carbon Monoxide Detectors: Winter heating can pose risks, so ensure your detectors are working correctly. Change the batteries if needed.

Prune Trees and Shrubs: Trim branches that could become heavy with snow and ice and potentially damage your home or power lines.

Protect Outdoor Faucets: Drain and turn off outdoor faucets and insulate them to prevent freezing and bursting.

Stock Up on Winter Supplies: Gather winter essentials like shovels, ice melt, and snow blowers. Keep them easily accessible for when the snow arrives.

Clean and Store Summer Gear: Organize your outdoor furniture and gardening tools, cleaning them before storing them away for the season.

Prepare an Emergency Kit: Assemble an emergency kit with essentials like flashlights, blankets, non-perishable food, and a first-aid kit in case of winter storms.

Schedule a Chimney Sweep: If you have a fireplace or wood-burning stove, have your chimney cleaned and inspected for safety.

By taking these simple steps to prepare your Calgary home for winter, you can ensure a cozy, safe, and energy-efficient season. Regular maintenance not only keeps your home in good shape but also provides peace of mind during the coldest months. Embrace the beauty of a Calgary winter, knowing your home is ready to withstand whatever Mother Nature brings your way. Stay warm and enjoy the snowy season!

FAQs

What are the first steps to prepare my Calgary home for winter?

Begin by cleaning your gutters and sealing any gaps or cracks around windows and doors to prevent drafts. It's also crucial to have your heating system checked and serviced to ensure it's running efficiently before the colder weather sets in.

How can I prevent pipes from freezing and bursting in my Calgary home?

Insulate any exposed pipes, especially in areas that are not heated such as basements, garages, and crawl spaces. Additionally, consider keeping your home heated to a consistent temperature and letting faucets drip slightly during extremely cold temperatures to prevent freezing.

Why is it important to check the roof before winter in Calgary?

Inspecting your roof for damaged or missing shingles is vital to prevent leaks when the snow melts. Addressing these issues before winter can help avoid more significant problems and potential damage to your home's interior.

What should be included in a winter emergency kit for a Calgary home?

Your winter emergency kit should include items such as flashlights, batteries, blankets, non-perishable food, a first-aid kit, and water. These supplies can be lifesavers during a power outage or severe winter storm when leaving the house might not be possible.

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How To Prepare your Calgary Home before Selling

“You never get another chance at a first impression.” We have all heard this expression before. And now, while you are preparing your home to sell, it should not be far from your mind.

While logical factors such as price and location narrow the pool of houses, a potential buyer will look at, the ultimate decision to buy a particular house is fuelled by a mixture of logic and emotion. And emotion often wins out. For this reason, Calgary Real Estate Agents, when they talk to you about buying real estate, will refer to your purchase as a “home.” However, when discussing the sale of your current home, an agent will refer to it as the “house.” This is a conscious choice. The agent knows that buying a house is often an emotional decision, while, when selling a house, emotion should be separated from the process.

Buyers are searching for a “home” - a place where they will feel comfortable, secure, and happy, a place in which they can imagine settling down and raising their family. As the seller, your goal is to cultivate these feelings through the property you are selling. Look at your house as a marketable commodity. A buyer’s emotional response is triggered early, so you want to ensure you have done everything you can to encourage a positive response to your house from the outset. Within minutes, even seconds, of pulling into your driveway, buyers have formed an impression that they will carry with them through the rest of the showing and beyond. Keep in mind. This impression will influence whether they make an offer and what they consider to be the property’s value.

If you have ever visited model homes, you are familiar with effective presentation styles. Have you ever walked into one of these homes and immediately begun taking stock, planning how to get your home to look that good? Well, now is the time to take some of these steps. Of course, there are ways to achieve the same effect in your own home without incurring show home costs.

When homes create this immediate emotional appeal type, they tend to sell quickly and for more money. Use the following step-by-step guide to get your house into selling shape before you put the property on the Calgary Real Estate Market, and you will be well on your way to a successful sale!

Outside the House

Work your way from the outside in. Your home must possess a certain “Curb Appeal.” Remember, a potential buyer’s first impression of your house is formed while still sitting in the Realtor’s car. So, you need to view your house from this perspective. Stand on the opposite curb and observe your property. Compare it to surrounding properties. Concentrate on the following four areas:

Landscaping

How does your landscaping measure up compared to the rest of the neighbourhood? If you guess it would rate below-average, make a few adjustments. You might want to consider buying some bushes and planting them around the property. If the problem with your yard is not a case of too little greenery but rather too much, get out the pruning shears. The purpose of landscaping is to complement the home, not hide it. Overgrown shrubs should be sheared to a height near the bottom of the windows. Remove any ivy clinging to the side of the house. Tree limbs should be high enough that you can walk beneath. Trim any branches that bar the way. Your lawn should be freshly cut and watered and an even colour. If there are brown spots, make sure you begin to remedy this well in advance of putting the house on the market. You may want to re-sod areas, and you need to make sure these spots are given enough time to grow so that they will match the existing lawn. Rake up any leaves or grass cuttings. Planting a few flowers is an easy way to add colour and vibrancy to your yard, enhancing the first impression of your home. Invest in a full flat of mature, colourful flowers, such as petunias or periwinkles, which last the length of the growing season. If you do not have an area to plant flowers, consider purchasing a few flower pots for your porch and planting flowers or blooming plants.

House Exterior

When you view your house from across the street, does it appear weathered or faded? If so, it is probably time to treat it to a fresh coat of paint. This is usually a sound investment; new paint can do wonders to increase a home’s perceived value. Stay away from unusual or loud colours. The new colour should fit in with surrounding houses and complement the style and structure of your house.

Examine the roof closely. Old or leaking roofs should be replaced. If there are leaks, you will have to disclose this detail to the homebuyer anyway, and they will want it replaced. However, if there is not any apparent damage, wait for word from the Calgary Home Inspector before making repairs.

The Front Door and Porch

The front door and surrounding area should look particularly fresh and welcoming, as this will be the buyer’s first up-close impression as they enter the house. If you paint nothing else, at least give the door a new coat. Replace the doorbell if it is broken and polish the door fixture until it gleams. Wash the mailbox. Keep the porch swept and buy a new plush doormat. All these little things will contribute to the overall effect of a well-cared-for and welcoming home.

Ensure the lock works smoothly, and the key fits properly. When a homebuyer visits your house, the Realtor will open the front door with a key. You do not want the buyers’ first experience to be of waiting on the doorstep while the Realtor fumbles with the lock.

Depersonalize

This should be one of your first steps when you begin preparing your house to sell. Over the years, a home inevitably becomes tattooed with the owners’ lives, covered with touches that have made it that special place for you. At this point, however, you want buyers to recognize it as a property they could make into their unique place. When a homebuyer walks into a room and sees these personalizing touches—such as photos on the walls or trophy collections—their ability to picture their own lives in this room is jarred, impairing a positive emotional response. So, your first step will be to remove all the family photos, trophies, collectible items, and souvenirs. Pack them all together, so you will have everything you need at your disposal when it comes time to personalize your new home. For the time being, rent a storage space and keep these items there. Do not simply transfer these items to another place in your house. Do not hoard them away in a closet, basement, attic, or garage, as the next step in preparing your home is to minimize clutter—and these areas of your house will all be targeted.

Remove all clutter

The next step on the list is to purge your house of the excess items accumulated over the years. This is the hardest part for many people, as they have an emotional investment in many things. When you have lived in a house for several years, a build-up of personal effects occurs that is often so gradual that you do not notice space is becoming cluttered. If you need to, bring in an objective friend to help point out areas that could stand to be cleared. Try to stand back yourself and see your house as a buyer might. Survey shelves, countertops, drawers, closets, the basement—all places where clutter often accumulates—determine what needs to go. Use a system to help you decide: get rid of all items, for example, you have not used in the past five years, and pack up everything you haven’t used in the past year. Although getting

rid of some things might be hard, try to do it without conscience or remorse. You will be forced to go through this process anyway when you move, and with each box, you eliminate your storage space—and the room in general—begins to look larger. We have broken down the process into specific areas of your house to help you concentrate your efforts:

Kitchen

The kitchen is an ideal place to begin, as it is easy to spot and eliminate the type of clutter that tends to accumulate here. Homebuyers will open your drawers and cabinets as they will want to check if there will be enough room for their own belongings. If the drawers appear cluttered and crowded, this will give them the impression there is not enough space.

• First, remove everything from the counters, even the toaster (the toaster can be stored in a cabinet and brought out when needed).

• Clean out all the cabinets and drawers. Put aside all of the dishes, pots, and pans that you rarely use, then box them and put them in the storage unit you have rented (again, not in the basement or a closet).

• If you, like many people, have a “junk drawer,” clear this out.

• Get rid of the food items in the pantry that you do not use. Begin to use up existing food—let what you have on your shelves dictate your menus from now on.

• Remove all extra cleaning supplies from the shelves beneath the sink. Make sure this area is as empty as possible. You should thoroughly clean this spot and check for any water stains that might indicate leaking pipes. Buyers will look in most cabinets and will notice any telltale signs of damage.

Closets

• Go through all clothes and shoes. If you do not wear something anymore, get rid of it. We all have those clothes, too, that we wear only occasionally but cannot bear to give away. Box these items and keep them in the storage unit for a few months.

• Go through all other personal items in the closet. Be ruthless. Weed out everything you do not absolutely need.

• Remove any unsightly boxes from the back of the closet. Put them in storage if need be. Get everything off the floor. Closets should look as though they have enough room to hold additional items.

Furniture

• You may want to tour a few model homes to gauge the type of furniture chosen by design teams to create a spacious yet comfortable atmosphere. Note how that furniture is arranged to cultivate a certain feeling.

• After having armed yourself with some ideas, stand back and look at each of your rooms. What will you need to remove? Remember, most homes contain too much furniture for showings. These are items that you have grown comfortable with, which have become incorporated into your everyday routine. However, each room should offer a sense of spaciousness, so some furniture will likely need to be placed in storage.

Storage Areas

• Basements, garages, attics, and sheds: these are the “junkyard” areas of any given home. It is possible to arrange simple clutter into a certain order, but junk is sent packing to these often-hidden rooms. First, determine which of these boxes and items you need. Can some of it be sent to the dump once and for all?

• Hold a Garage Sale. You’ve heard the saying, “One person’s trash is another’s treasure.” Let these items go to a better home.

• Transfer some items to the rental storage unit. You will want to clear the

storage areas in your house as much as possible for them to appear spacious to potential homebuyers. Buyers want the reassurance that their own excess belongings will find places for storage in their new home.

Inside the House

Once you have cleared the house of excess items, you will have room to work on other areas.

Walls and Ceiling

Examine all the ceilings and walls for water stains or dirt. We do not often look closely at the walls surrounding us, so be careful—there could be residual stains from leaks that have long been fixed or an accumulation of dirt in an area you hadn’t noticed.

Painting the walls may be the best investment you can make when preparing your home to sell. You can do it yourself, and relatively inexpensively. Remember, the colours you choose should appeal to the widest range of buyers, not just to your own personal taste. A shade of off-white is the best bet for most rooms, as it makes the space appear larger and bright.

Carpet and Flooring

Does your carpet appear old or worn in areas? Is it an outdated colour or pattern? If the answer to either of these questions is yes, you should consider replacing it. You can find relatively inexpensive replacement carpeting. And always opt for neutral colours.

Any visibly broken floor tiles should be replaced. But make sure you do not spend too much on these replacements. The goal is not to revamp the entire home but, rather, avoid causing any negative impressions due to noticeable damage or wear around the house.

Doors and Windows

Check the entire house for any cracked or chipped window panes. If they are damaged in any way, replace them. Test all windows, as well, to ensure they open and close easily. Try spraying WD40 on any with which you are having trouble. This should loosen them up.

The same can be done with sticking or creaking doors. A shot of WD40 on the hinges should make the creak disappear. Check to make sure each doorknob turns smoothly and polish it to gleaming.

Odour Check

Begin by airing out the house. Chances are, you would be the last person to notice any strange or unpleasant smell that may be immediately apparent to visitors.

If you smoke indoors, you will want to minimize the smell before you show your home. Take your cigarettes outside for a period of time before you begin showing. Ozone sprays also help eliminate those lingering odours without leaving a masking, perfumed smell.

Be careful if you have a pet. You may have become used to the particular smell of your cat or dog. Make sure litter boxes are kept clean. Keep your dog outdoors as much as possible. You may want to sprinkle your carpets with carpet fresheners as well intermittently.

Plumbing and Fixtures

All sink fixtures should look shiny and fresh. Buy new ones if scrubbing fails to get them into shape. Replacing them can be done easily and inexpensively. Check to ensure all hot and cold faucets are easy to turn and none of the faucet’s leaks. If you do find a leaking faucet, change the washer. Again, this is an easy and inexpensive procedure.

Finally, check each faucet's water pressure and look for any stains on the porcelain of the sinks or tubs.

Once you have covered all these bases, your house will be in prime shape for its time on the Calgary Real Estate Market. Congratulations, you are ready to begin showing!

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Deciding the Best Approach: Sell or Buy Your Calgary Home First?

When embarking on a new home search as a current homeowner, a significant question arises: should you sell your existing home before seeking a new one, or vice versa? Let's delve into both strategies to determine which might be best for your unique circumstances.

The Case for Selling First

Advantages: Selling your current home before diving into the housing market can offer clarity and negotiation power. With the proceeds from your sale, you'll have a clear budget, enabling you to focus on homes within your price range. This certainty empowers you to make compelling, unconditional offers, which sellers often prioritize. As a result, you may secure a better deal or snag your dream home before others.

Considerations: The main concern with selling first is the potential gap between the sale of your old home and the purchase of a new one. This could mean seeking temporary housing, which may not be ideal for everyone. Before choosing this route, assess the feasibility of temporary living situations and weigh the potential inconveniences against the benefits.

Reasons to Buy First

Advantages: Choosing to buy before selling might stem from stumbling upon a rare property or an incredible deal that's too good to pass up. By securing your next home, you avoid missing out on exceptional real estate opportunities.

Considerations: This approach is not without risk. If you face delays selling your old home, you might be burdened with two mortgages. While a home evaluation provides an estimate, the final selling price can be unpredictable. Shouldering the costs of two properties may strain your finances, and in worst-case scenarios, force a hasty sale at a discounted price. Evaluate your financial resilience and risk appetite before opting to buy first.

Navigating Conditional Offers

Overview: Another strategy is placing a conditional offer contingent upon selling your current home within a defined timeframe. This middle-ground approach can offer some flexibility and security. However, it's worth noting that conditional offers may not pack the same punch as firm offers in sellers' eyes, potentially reducing your negotiation leverage.

Drawbacks: Sellers may perceive conditional offers as less serious, meaning you may have to augment your offer to secure the property. Additionally, even if your offer is accepted, there's always a risk another buyer could outbid you before you complete your sale. Moreover, you're bound by the timeframe set in the conditional offer, potentially sidelining you from better deals.

In conclusion, whether you decide to sell or buy first, ensure you're well-informed, consider all scenarios, and consult with professionals to make a decision that aligns with your needs and financial well-being.

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Discovering Calgary's Up-and-Coming Neighborhoods

Calgary is a vibrant city with pockets of growth, innovation, and transformation. When searching for a home, it's beneficial to identify neighbourhoods on the brink of blossoming. Here's how you can spot a Calgary neighbourhood that's trending upwards:

1. **Pride of Ownership Shines Through**

Stroll through the streets and observe the homes. An area where residents take pride in maintaining their properties — manicured lawns, well-kept gardens, and tidy exteriors — speaks volumes about the community's spirit. Such neighbourhoods often indicate resident satisfaction and a sense of belonging.

2. **Real Estate Dynamics**

Are homes selling like hotcakes? And at impressive prices? A surge in real estate activity can signal that a neighbourhood is in demand. Quick sales, coupled with good pricing, can be indicative of a community's rising popularity.

3. **Thriving Local Businesses**

Business investments can be a bellwether for neighbourhood growth. The emergence of upscale boutiques, gourmet eateries, fitness centers, and other local businesses often coincides with the upward trajectory of an area. Such businesses choose to establish in regions they believe have a promising future and a growing clientele.

4. **City's Development Blueprints**

Tap into the City of Calgary's vision for the area. Are there infrastructural enhancements or major developments in the pipeline, such as new schools, parks, or community hubs? While these projects might bring short-term disruption, they usually translate into long-term community benefits and can significantly uplift the neighbourhood's appeal.

In essence, recognizing a neighbourhood's potential is an art that combines observation, research, and a bit of foresight. If you're navigating Calgary's dynamic housing market and need insights on emerging areas, don't hesitate to reach out for expert guidance.

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Breaking Free: How the Fear of Change Could Be Limiting Your Potential

Have you ever wondered why, even when we recognize the potential benefits, embracing significant change can feel so daunting?

From a psychological perspective, there's an innate human tendency to favour the "status quo" or the known. This powerful inclination towards familiarity can often override our aspirations, especially when things seem "just fine." Consider, for instance, the thought of transitioning from your current home to your dream residence. While the allure of a better, more suitable space is appealing, the comfort of the familiar can anchor you to your existing circumstances, making the jump seem challenging.

Visualize to Realize

To challenge this inertia, take your dreams from abstract to tangible. Begin by articulating your ideal living scenario. Desire a 3-bedroom detached home in a bustling family-centric community? Crave specific amenities like a spacious backyard, gourmet kitchen, or minimalistic interiors? Get detailed. By documenting your desires, you're translating your aspirations into something more concrete, making them feel achievable.

Shatter Assumptions with Facts

Before succumbing to hesitations, equip yourself with knowledge. Rather than speculating, dive into the specifics. Understand the potential market value of your current property. Research what your dream home might cost. By grounding your aspirations in real numbers, you can assess the feasibility of your dreams with clarity.

The First Step to Your Dream Home

Discovering that your dream home is within reach can dissolve those psychological barriers. Remember, every significant journey begins with a single step, and that step often requires challenging the comfort of the familiar.

If you're ready to explore the possibilities and get a clear picture of your home transition, I'm here to guide and provide the insights you need. Reach out, and let's embark on this transformative journey together.

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What To Fix Up In Your Calgary Home Before You Sell

If you have a Calgary Home that is due for a major or minor home renovation, you might be worried that it will be difficult to sell as a "fixer-upper". In fact, you might delay listing your property for that reason.

You don’t need to fix up everything in your home to prepare it for sale. You can be selective and choose only those projects that are most likely to help your home show well and sell quickly.

Here are some projects to consider:

  • Repairs. Few things stand out more during a viewing than something in obvious need of repair. That includes minor issues, like a dripping bathroom faucet, as well as major concerns, such as the central air conditioning unit not working. Get these repairs done.
  • Painting. Painting is one of the easiest and most affordable DIY projects you can do. Yet the impact it can have on your home is stunning. Some rooms are completely transformed by a fresh coat of paint.
  • Kitchens & Bathrooms. Buyers love to see great-looking kitchens and bathrooms. In fact, there are even magazines devoted just to those rooms! You don't necessarily need to do a major renovation of these spaces, but a makeover can be a good idea. Consider replacing sinks, countertops, and/or cabinet hardware.
  • Floors. If the floors in any of your rooms have become worn and unsightly, look at options for refreshing them. Consider replacing carpeting, refinishing hardwood, and/or getting tiles professionally cleaned and polished.
  • Outdoors. Sometimes you can compensate (a little) for a less-than-ideal interior by sprucing up the outdoor space. Explore ways to improve your deck or patio, walkways, and landscaping. 
  • Even if your home is older, you can make it more attractive to buyers with any one of these projects.

Want more ideas for finding eager buyers for your home? Call today.

Eager Calgary Home Buyers

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Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.