If you're looking to buy a home in Calgary or surrounding areas, click here for a full home search. If you're looking to sell and curious about the market value of your home, click here for a free Home Value Report. Please feel free to contact me at (403) 701-8998 for a free real estate buying or selling consultation to answer any of your questions.
We've talked to a lot of homeowners who are wondering why their home failed to sell in the spring and summer months. There are many reasons why this might have happened, so we're here to give you some tips on how you can turn your luck around.
It's likely that you overpriced your home. After gathering statistics for the spring and summer months, we found that 26% fewer homes were sold at or above list price in the summer than in the spring. This means, as the year has progressed, we've seen fewer multiple offer situations that typically drive home prices up.
We have some quick tips for you if you have had trouble selling in this changing Calgary real estate market:
-Reset your price expectations. It's important to check recent sales in your area. That way, you know what buyers are willing to pay for a home like yours in today's market.
-Revisit your goals. You may need to restructure your mortgage to get your desired results. You may not be able to get a cheaper one, but could potentially secure better terms.
-Speak with an agent. We can help you determine what it is about your home that's preventing it from being sold. We'll give you advice on how to navigate this changing market so you can get your home sold for a desirable price.
These tips should help bring your current selling troubles to an end. If you would like more advice or would like to discuss another real estate topic, don't hesitate to give us a call. We are always available to be your Calgary real estate resource.
