October 2016

Found 3 blog entries for October 2016.

If you’re following house prices in Calgary, you’ll know that inventory has increased and the number of days it takes to sell a property have also increased, but house prices themselves have not significantly fallen.  There are some exceptions, of course, especially in the super-luxury market, but all things considering house prices haven’t lost a lot of ground.

According to Canada Mortgage and Housing Corp (CHMC), our National’s real estate moderator, there are signs that house prices are really over priced in relation to the current state of Alberta’ economy.

A new report released by CMHC this week contained the results of the corporation’s analysis of other market conditions such as Calgary’s current unemployment rate.  At 8.3% as of this

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An unfinished basement is good for storage, bad for resale.  Listing descriptions always feature an unfinished basement as virgin space just waiting for your “creative touch”.  It can be a blank canvas upon which to design more living space.  It could hold the key to more revenue with a secondary suite. Whether it enhances your lifestyle or adds value to your home, how worthwhile is it really to pour money into basement development?

How Long Before You Might Sell?

Outside of kitchen and bathroom renovation, you may only get a percentage of the money you invested into basement renovations.  Adding more square-footage of living space will certainly increase the value of your home, but likely not significantly in terms of recovering the money you

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If you’re selling your Calgary home, no doubt there will be some challenging times during the process.   Some challenges are out of your hands like current market conditions, home buyers that want the moon and more plus unrealistic offers that can be down right insulting.

However, there are lots of challenges that are within your control and ability to overcome.  Things concerning your home that can often scare away potential buyers or even prevent people from stepping foot inside.

Priced Over Market Value

Let’s just cut to the chase.  Overpricing is a common mistake that many Calgary sellers make.  Perhaps they’re wrapped up in the sentimentality of their home and haven’t heeded the advice of their realtor.  If someone is browsing online

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