Dan Welyk Calgary Realtor® Since 1999

There Is No Substitute for Experience.

Should You Be Buying or Selling Real Estate in our Current Market?

Very good question - very common question! My answer is Absolutely!!! For those of you who are considering making a purchase, our market offers some incredible deals. We are definitely seeing a buyer’s market out there!
What a change from 2006 when seller’s simply mentioned they were selling and would get multiple offers. I find this very interesting. In a seller’s market, buyers do not hesitate to make a purchase. They literally will jump at anything remotely fitting their search parameters in fear that the prices will sky rocket outside of their purchasing range. Now that it is a buyer’s market, they wait and wait. Backwards I think. Heck, if I had the ability - I would be scooping up properties every day!!! There are investors out there who are!
What are you waiting for? In a year from now you will be kicking yourself for not making that purchase when it was a buyer’s market!
Here is another question - Should you sell your investment or family home right now? NO and YES - depends! The market is down and it will bounce back. Hang on to your investments - do not sell them! Real Estate is a long term investment and you need to be able to not ‘jump ship’ when the market goes sour. Unlike stocks - we all need a place to live. Real Estate pricing WILL absolutely go back up and surpass the highest levels we were at - you can bank on it.  However, if you have a family home and you are looking to upsize or downsize - pricing is relative.  Your home has gone down in value just like the home you want to purchase.  Timing is key though and you need to price your home wisely so you do not sit on the market.  A well priced home will always sell - even in our correcting market.
If you are unsure about this - have a look at other metro cities across Canada that have values double what Calgary offers. Have some faith, you will have a big smile on your face in a couple years when your home has gained all that equity again!

If you have questions - call or email me!  (403) 770-0188



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