STEWART J LOWE & ASSOCIATES

REAL ESTATE BLOG

 


September 2020 Market Update for Calgary Video - for Stewart J Lowe & Associates .

September 2020 Market Update with a look at last months sales in Calgary.

There Are 3 Types Of Calgary Buyers


The First Type of Buyers

 All buyers fall into the different repair categories of your home. The majority of home buyers will be buyers that are families, couples, and people who know very little about making repairs or who want to move into a home that they know is in good condition. They do not want to worry about things going wrong and needing repairs done. They are only looking for homes that are in good to excellent condition and will pay a higher price for them. This is the majority of the real estate market, so if your home is being sold as is, you will have a smaller amount of buyers to choose from or be aware that you may get a low ball offer. Remember a $2000 repair to you is seen by a buyer as a $5000 repair.


The Second type of buyers

This Type are the ones that are willing to fix small to medium repairs on the home. This is the type of buyer that is going to be looking for a fixer upper home. This could be someone that doesn’t have a lot of money, or maybe a new family that is buying their first home and they are willing to put in some extra work to make the home their Calgary Dream Home or First Home to Dream Home in fact. This category includes  investors who are looking for a home with some minor repairs that can be a quick flip.


The Third type of buyers

These are the ones who buy and repair homes for a living. This will usually be investors and also contractors. This class of people will not want to move into the home, and are not afraid to tackle some projects. In reality it is what these types of people do for a living so it is just in a days work for them. Because they do this for a living they can estimate the work quick and do it at the right price.


The Price

When you are trying to figure out the right price for your home you will want to look for the average sale price of the home in your market area and with us determine fair market value. Keep in mind that the fair market value is based on homes that are in good condition and don’t need a lot, or any, repairs. And we will take you to see your competitors that our current listings.


So, if you decide to sell a house as is, then you must lower the price of your home to below market value in order to get it sold. It cannot command the same price as comparable houses in good conditions since home buyers will always chose your neighbor’s home instead of yours because it is in better shape. And if you list higher than them, you will only end up selling there’s for them!


Get Help Making The Right Marketing Decision

If you are not sure what repairs need to be done to your home it is a good idea to get a home inspector to come and look at what needs to be done before you list. You may also be able to get them to give you an idea of the cost of the repairs and what it will take to bring your home up to good saleable condition. We work with numerous Home Inspectors and pre Inspections are a better rate.


If you can afford the money and the time, then it is good idea to have the house repaired and sell it since you will receive the highest sales price for the home.


We are here to help, info@homepricescalgary.com Direct 403.850.0669


#homebuying  #calgarydreamhomes #homepricing

Comments:
No comments

Post Your Comment:

Data supplied by CREB®’s MLS® System. CREB® is the owner of the copyright in its MLS® System. The Listing data is deemed reliable but is not guaranteed accurate by CREB®.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.