By understanding the housing market, you’ll have a better sense of what, where and when to buy.
Buying a home is an important lifestyle and investment decision. You want to buy at the best price possible. You want your monthly payments to be as affordable as possible. You want your home to increase in value as much as possible.
To make sure all that happens, it’s important to look beyond your individual purchase before you buy. You need to look at larger market conditions. What’s happening around you (house price trends, mortgage rate movements, new home construction) will have an influence on your purchase. The more you know the more control you have.
In a buyer’s market, the number of homes available for sale exceeds the demand, so prices will either stabilize or drop. With fewer buyers and more homes, you not only have more options to choose from, you also have greater negotiating leverage. You have more time to look for the right home and you can evaluate the choices without feeling pressure to act too quickly.
Another major influence on your decision to buy is the mortgage interest rate. What rates are available now? Will they drop in the immediate future? Will they rise? If so, by how much?
So many questions and things to consider!
If you’re struggling to understand today’s housing market or having difficulty moving forward because the details of buying or selling a home seem overwhelming, give Bill Brandsma a call at 403-932-4433 or email bill@billbrandsma.com.
Bill Brandsma Real Estate — experienced, knowledgeable, committed, and ready to guide you smoothly through any and all real estate processes.
If you like to stay up to date on what’s going on in the Calgary real estate market so that you can make informed decisions, click the link below for an excellent overview of CREB’s August 2017 summary of Calgary’s residential monthly statistics:
Buying and selling a home is a complex process requiring real estate expertise to ensure the transaction is completed competently and professionally.
This beautiful 2-storey townhouse is in the desirable community of Jumping Pound Ridge in Cochrane, Alberta.
As we all know, the real estate market changes every day and the location of your home always affects its value. Comparing recent home sales in your neighborhood and in the surrounding areas can help you determine the value of your home.
Well cared for 1147 sq ft home located on a quiet street in the desired community of Glenbrook. Cozy living room with wood burning fireplace, formal dining room, functional kitchen, fully developed lower level offers 3 bedrooms, large family room with wood burning stove and much, much more. Fully fenced and landscaped yard with private patio area and oversized double garage and RV parking.
If you like to stay up to date on what’s going on in the Calgary real estate market so that you can make informed decisions, click the link below for an excellent overview of CREB’s latest summary of Calgary’s residential monthly statistics:
Yep, we’re well into the lazy, hazy days of summer!
When buying a home, it’s important to start out by knowing what mortgage you can comfortably afford. You should meet with a lender or mortgage broker to establish how much of a mortgage you can actually qualify for. Going through the mortgage pre-qualification process before you begin your home search will bring your house hunting into focus and give you a better idea of the homes that fit into your price range.