Competetive Housing Market: Are You Ready?

Calgary's housing market is on the rise. Houses that are priced right are selling quickly, sometimes with competing offers. If you are buying or selling make sure you are ready for what's ahead.

For Sellers: If your house is priced right, it should sell quickly. You may be overwhelmed if you receive competing offers. Take a deep breath and relax, you should be happy that everyone wants to buy you home! Make a decision that is right for you and your family. Yes, price matters, but so does possession date and other conditions. Don't allow yourself to be bullied into a longer or shorter possession date just because the price is right. If your house has been for sale for a month or more and not sold, you should probably have a meeting with your realtor to talk about lowering the price.

For Buyers: Know your bottom line and don't cross it! You have your wish list of your needs and wants in a home. One of the most important items on this list is price - How high can you go? I can't speak for every Realtor out there, but I would never want to see my clients pay more than what they can afford, nor would I want to see them make compromises on their needs just to buy a house.

Whether you're buying or selling, know what you want and don't let it go!

... Are you ready?