If you've been watching Calgary's real estate market for any length of time, you've likely noticed how up and down it can be.
In the 14 years I've worked in Alberta's real estate industry, I've been asked over and over again - is it a good time to buy/sell? You can review the stats ad nauseum, trying to predict what day, week, or month is going to maximize your selling profits or minimize how much you spend on a new property, but the fact is, the best time to buy/sell is when it makes the most sense for you and your real estate needs. There are strategies for buying and selling in both "up" and "down" markets.
I can remember the second property I bought, my family was expanding and we needed a bigger place. This was 2007 when Calgary's real estate market was "up." If we had waited a year or two, might we have spent less on purchasing that same property? Sure, maybe. But we bought then because it was the right time for our family and the market value of that property was what we were willing to pay for it.
Fast forward 10 years, I decided it was time to sell that property, only this time, the market was no longer "up." What did that mean for my selling experience? Well, it meant that it took a little longer to sell than I would have liked, but at the same time, because of those market conditions, it provided me with an opportunity to buy a larger, detached home for less money than I would have if the market was up. Likewise, I had greater negotiating power as a buyer because it was a buyer's market. There are buying and selling strategies that work regardless of the market conditions.
If you're thinking about buying or selling in Calgary, give me a call or send me an email, and let's talk about the strategies that will give you real estate success.