How to WIN a house when in Multiple Offers in 2022

How to WIN a house when in Multiple Offers in 2022

Knowing how much to pay for a home in a multiple offer situation is like figuring out when to take off your winter tires in Calgary.

Many frustrated buyers share stories about writing so many offers and not getting the home they want because of the lack of strategy.

Sellers’ Market

If you are buying a home in Calgary right now, there is a big chance that you will encounter a multiple offer scenario. The first thing you need to understand is that, when you are in a multiple offer situation, you are in a seller’s market.

The best way to win in a seller’s market is by playing their game! You need to look at how to reduce the seller's risk. This might not seem fair because you are the…

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What $750,000 Buys You in Toronto, Vancouver or Calgary

What $750,000 Buys You in Toronto, Vancouver or Calgary

Families enjoy all sorts of activities and bonding time at home. That is why home affordability is very important. However, recently, the average house price in Canada has been soaring past $700,000!

Below is a comparison of properties priced at $699,000 to $750,000 that you can get in Vancouver, Toronto, and Calgary based on realtor.ca

Homes in Toronto below $750,000

When you search for homes between $699,000 and $750,000, you will find several one-bedroom, one-bath type properties.

In Toronto, one condo is priced at $729,900 with one bedroom and one bath. It measures 741 square feet with a 120 square foot balcony. New appliances, barn doors, and closet organizers are all part…

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You Shouldn't Buy Pre Construction Homes in Calgary Right Now

You Shouldn't Buy Pre Construction Homes in Calgary Right Now

Saying that now is the worst time to buy a new home is a strong statement. Here is some data that you can analyze to understand if this is true or not.

A newly-built house is a significant investment for your family, so you have to consider various factors to ensure that your future will be manageable.

Rising Interest Rates

The first thing that you need to understand is that you cannot lock in your interest rate. If you sign a contract for a home that will be ready for possession in the next 16 to 24 months, you will not be able to lock in the interest rate upon the signing date.

According to the Mortgage Sandbox forecast, interest rates could be anywhere between 3.3%…

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March 2022 Market Update

March 2022 Market Update

With a record month for the number of sales in any given month, March 2022 is in the books.

There was an increase in the inventory that came to the market. However, buyers who have been waiting and possibly fighting for other homes quickly acted on these homes as the inventory still decreased overall. There is a strange phenomenon happening in our market regarding the pricing of homes.

SELLERS: When considering going to the market now, many sellers see some of the latest prices and think they can price their home 2-5% above the latest sales numbers and then wait and negotiate with a buyer to get that same sale price. The opposite is happening, and in most cases, sellers cannot sell this way. It doesn't work in this market,️…

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