The real estate market typically heats up during the spring months. In the past this means there are more Buyers looking to purchase properties. But wait a minute! Everyone’s situation is unique. Not all home owners or home buyers pick the spring to move. Life can throw us curve balls and it does not always go as we hope.
The best time to move is when you are ready. The real estate market is unpredictable and is always changing. Let us just say it sometimes can be unreliable. During the COVID pandemic it came to an almost halt and rising interest rates have impacted affordability. In Calgary, we are currently experiencing a low listing inventory. What this means is that you need to have a plan of action before you sell your home.
There is a process to selling or buying a home. An important part in the process of selling is to know where you are moving to. Find out how much equity you have in your current home. What are your housing options? How much will a new home cost? Will you be able to afford your next home?
It will be a smooth sale ahead if you know where you are going. If you are selling to buy a more suitable property there could be low inventory. You may have to wait until the right property becomes available. In this scenario, seek professional advice. Ask your financial advisor if you can qualify to purchase another property before your existing home has sold.
Are you looking to sell your home and then rent? You will still need a plan. Where do you want to move to? Are you downsizing to affordable housing. Perhaps even subsidized. There is an application process for this program and guidelines for qualifying. If you require housing in a more supportive environment, you may require a health assessment.
There are steps to follow in the selling process. It is important that you have a plan. The best time to make a move is when you know where you are moving to.
Real estate questions?
Contact us for a free, confidential consultation.
We are here to help!
Debra & Peter
info@TheMolzanTeam.com or call us direct at 403-605-3774
