- Joined
- Oct 24, 2007
- Messages
- 2,289
Now is a good time to sell in Calgary - very little supply out there.
If you have a clean, suited property and you don't need more than $400k for it you shouldn't have too much trouble selling. But it's a price-sensitive market segment given that it's mostly investors shopping. So if you are too high you won't get looks... but if you are bang-on with your pricing you stand a good chance of seeing multiple offers or selling with good terms that sellers weren't getting a year ago.
Buying is a little more tricky... takes the rental market as much as a year to adjust to the sales market. So buyers are looking at much lower yeilds in the short term and need to have confidence in the rental market in the medium-long term.
This will most certainly be discussed at the Calgary ACRE event this weekend. If you aren't a REIN member but are interested in Calgary real estate ACRE would be a great chance to get educated prior to what promises to be a strong market over the next couple of years. You won't find a better place to learn about Canadian real estate investment and these events are always top notch. Other investment seminars come and go with swings in the market but REIN has been steadily adding members for decades and has stood the test of time with good reason.
I'm not presenting, but I'll be in our booth promoting our business and talking property all weekend and can help you take things from the classroom to the streets. Feel free to stop by!
If you have a clean, suited property and you don't need more than $400k for it you shouldn't have too much trouble selling. But it's a price-sensitive market segment given that it's mostly investors shopping. So if you are too high you won't get looks... but if you are bang-on with your pricing you stand a good chance of seeing multiple offers or selling with good terms that sellers weren't getting a year ago.
Buying is a little more tricky... takes the rental market as much as a year to adjust to the sales market. So buyers are looking at much lower yeilds in the short term and need to have confidence in the rental market in the medium-long term.
This will most certainly be discussed at the Calgary ACRE event this weekend. If you aren't a REIN member but are interested in Calgary real estate ACRE would be a great chance to get educated prior to what promises to be a strong market over the next couple of years. You won't find a better place to learn about Canadian real estate investment and these events are always top notch. Other investment seminars come and go with swings in the market but REIN has been steadily adding members for decades and has stood the test of time with good reason.
I'm not presenting, but I'll be in our booth promoting our business and talking property all weekend and can help you take things from the classroom to the streets. Feel free to stop by!