Yes it is a “Sellers Market” and you probably figured that out if you are looking to buy in Calgary!
It refers to a scenario where there is less inventory for sale compared to the number of buyers. But if you are thinking of listing your home, here is what buyers and sellers need to know before plunging into a seller’s market.
Less inventory on the market, what sellers have to understand though is that a seller’s market does not mean that a good deal will automatically fall into their lap.You still need to make sure that your home is priced well and in good condition. The combination of these will increase the chances of multiple offers. A smart seller with our help will know how to make the most of multiple offers.
In a multiple offer situation it is not always the one with the highest offer. Take a long look, who has got their financing lined up, fewer conditions and a possession date that works. The main thing for a seller is that you do not want the deal to collapse, and have to go back on the market.
Buyers in a seller’s market must be ready to move. Nothing attracts a seller as much as a motivated buyer who has everything lined up to close the deal swiftly. You must give a competitive offer, and show you are serious.
As a buyer consider, where you want to live, have CalgaryDreamHomes.com send you the latest listings, talk to your lender and get a commitment, have your down payment ready and basically know your numbers, what is your maximum price range.
You might have to wait for the right home to come on the market, but that’s ok – be ready to go! If you snooze you lose in a sellers market!
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