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buying a home in Calgary
Initial Perspective

We’ve worked with countless buyers over the years who have been looking to buy a house in Calgary, and have had the opportunity to counsel them on a proven strategy to discover their best home.  When we first sit down with home buyers, we like to first get their perspective on how they envision finding a home. The thing is, it’s not always an intuitive process. Most have a list of features they want in a home, but don’t know how to best translate their wants and needs to a systematic home evaluation process. This is the start of the home buying process.

 

Real Estate BUYING 101

In addition to answering questions about real estate, we get our clients’ initial thoughts on what they’re looking for, we engage in a thorough ‘Calgary Real Estate 101’ to identify various aspects that enhance value in properties, specifically in Calgary. The concepts are abstract though intuitive and by the end of the session, the drivers of value in the local real estate market are easily understood.

 

What about market conditions?

Market conditions are an important factor in any decision to buy a home, and we ensure that the past, current, and future market conditions are explained in a simple manner.  Knowing where we sit in the real estate cycle allows our buyers to make better decisions about timing and their investment.

 

The Process

Combining basic real estate concepts with market analysis, we’ve developed a process which enables our buyers to make intelligent and informed decisions about where they live and how to best invest their hard earned money. This approach has led to countless buyers making the best decision possible to achieve their goals, and gain and retain as much equity as possible during every swing in the market.

 

Your Search

Now that our clients understand the value and the market, and we understand their needs and wants, we mesh these concepts with a systematic process to produce a unique home search for our clients. If you would like to begin your search early you can visit this great property search tool.

If your worried about the costs of using a Realtor as a buyer, don’t be, it’s free! Here you can find more information.

 

sales-by-price-range-sept-2014Strong Condo sales aided by single family sales in the sub $1M range buoyed Calgary real estate market over the summer months. Buyers will appreciate that a gradual increase in inventory levels has created more selection and choice along with a less hectic pace to the process. Overall we are seeing the market calm down from the bell market we experienced over the past few years. While the forecast for jobs and in migration slows moderately over the next few years there still remains plenty of fuel for growth in the real estate market. Sectors that remain in hot demand are moderate priced homes and townhomes in walkable communities or good transit accessible areas. We also witness an increase in demand for moderate homes suitable for retirement lifestyles with amenities such as single level flats, accessibility (elevators), moderate sizes, low maintenance and security.

 

 

inventory-sept-2014We also are witnessing a greater demand for green and low energy features that are environmentally sensitive. Expect this trend to continue to grow as utilities consume a greater portion of the homeowner’s budget and concern for the environment becomes mainstream. Areas of the market we witness declining are large homes with less efficient maintenance requirements generally on acreages or not within walkable communities and usually over $1M price range. Looking forward we expect that the greater number of condo starts will begin to over supply this market over the next two year time frame. Also an increase in the cost of construction will place upward pressure on prices squeezing margins for developers. Look for a trend to more compact efficiently designed homes with a green influence along with new solutions for affordable housing including laneway housing, secondary suites and new density options for single family developers.

For detailed information of the Calgary Real estate market or a complimentary consultation call Sano Stante Real Estate at 403-289-3435

MLS-listingsIt’s difficult for any Home Buyer to make a final decision until they have been exposed to ALL the available Real Estate Listings and be assured that they did not miss a better home. Today your real estate agent has a host of technology available to assist Home Buyers in their search. Properly deployed, these technologies ensure that all available listings are at your disposal and that a Buyer is not overburdened or confused by viewing property that does not fit their criteria. Your REALTOR® has access to your local Multiple Listing System (MLS®) where they post available listings for other cooperating agents to view and sell. This is a local private database which is available to REALTOR® members of organized real estate. For example, members of the Calgary Real Estate Board (CREB) host a local database of available listings from their over 5,000 REALTOR® members. These REALTORS® are required to abide by rules governing their use of data, business ethics and how they cooperate. This system enables members to have access to all the new listings immediately when they are entered into the system . Access to this system ensures that you have the most up to date information and assures that you are seeing all the listings Real Estate Listings currently available on the MLS®.

Your agent should be able to set up a custom search for you that will email you this information immediately. Alternately, there are many sites that allow to you locate new listings manually or allow you to sign up for automatic updates. Armed with this information and a great Real Estate Agent, you can be assured to stay on top of all the new listings, the minute they come on to the market and not be overburdened by information on homes that do not fit your criteria.