Calgary, with a huge population of more than 1.06 million is the biggest city in Alberta Province, Canada. The city occupies Grassland region of the state and is famous for its winter sports and ecotourism promotion. Its economy thrives on booming petroleum industry. Stupendous economic growth has helped the city find a good ranking in the Mercer Quality of Living Survey for three years (2006-08) at a row. These factors have stepped up the prices of Calgary houses for sale.
According to the Economist Intelligence Unit, Calgary is one of the best cities around the globe for living and this explains why people are getting crazy to buy houses here. Increasing demand is a believable reason to have shored up the house prices by a few notches. There are literally plenty of options for those struggling to find out a house that meets their exact requirements subjected to their budget constraint. You get a choice to select from an apartment, a single-family home or even a condo.
Role of a Real Estate Agent
The real estate contractors advertise about the new projects. The second hand flats and apartments are also on sale. Newspaper and internet are great sources to learn such information. Total area space, price (often at per sq. ft rate) as well as contact details are also given in the advertisements. Alternatively you can engage a reliable Calgary Alberta real estate agent instead of searching for houses on your own.
The agent usually demands a percentage of the house price as their payment for successful negotiation. If you think that it will push up your expenses, comforting news is successful negotiation will convince the sellers or promoter to cut the price down to a more affordable level.
Calgary Real Estate Market – Current Scenario
Despite the worldwide slump in real estate business, Calgary property market managed to stand strong. The fact that it has successfully withstood economic crisis is evident from increasing sales of residential properties. According to a survey, the houses for sale in Calgary Alberta have registered an overwhelming rise over the last couples of years.
An important piece of Information should not escape the scope of this article that over the last few years, prices of both condos and single family homes in Calgary surprisingly took a nosedive.
Price Trend in Calgary Real Estate Market
Price trend in Calgary real estate market shows that property prices in Metro area have increased by leaps and bounds since 2008. There are reasons to believe that this price trend will continue but not along a linear line, rather at an accelerating rate.
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The population continues to grow in the wealthy city of Calgary. Now is a great time to make that move you’ve been planning to Alberta, Canada. The market has many attractive and affordable Calgary houses for sale.
Calgary is well known for its winter sports and mountain resorts. It boasts a low unemployment rate and a wide variety of jobs in the petroleum, agriculture, tourism, and high-tech industries.
When searching for a home, some potential buyers toss around the idea of buying a home privately from an owner rather than using a real estate agent. Buying a home without an agent has its risks. A realtor will protect you from these risks. Your agent has experience and knowledge that will prevent you from making expensive mistakes.
Every home buyer should know the truth about some common myths concerning FSBO (for sale by owner) properties.
Myth 1. Realtors Only Sell Listed Properties
Many home shoppers are under the assumption that a realtor will only show you properties in the multi listings. The truth is that a good realtor wants to help you locate a home that meets your needs.
Just because the home you want is being sold privately doesn’t preclude an agent from working with you. Your realtor will seek to negotiate the best possible price and make sure you are protected contractually.
Private owners want to profit from the sale, but most will cut the price some to move the property. Your agent can negotiate a sales commission and bottom line that is based on current market values.
Myth 2. Private Sellers Will Not Accept Realtor Offers
You may assume that a private owner has something against using an agent. If a person really wants to sell their property, they will consider an offer from any qualified party, even if presented by a realtor.
If a property is not in the MLS, only about 10% of home shoppers will see it. This means that the seller may be waiting a long time to move their house. Paying a commission might not seem so bad to the seller, if it means finally cutting a deal.
The private home seller is probably not experienced in the selling and buying of property. The use of an agent is a benefit to him/her, as well. The realtor makes sure everything is on the up and up and handled properly. The agent, in the ultimate end, protects both parties.
Myth 3. You Have to Pay the Realtor at the Beginning
Many potential home buyers are concerned they will have to pay out money up front to engage the services of a real estate agent. Bypassing an agent to go directly to the owner never guarantees savings.
No money exchanges hands with a realtor up front. The realtor does not even get paid if the sale does not take place. The agent’s commission is paid to them at the time of the loan closing, and its source is from the proceeds of the sale itself.
Myth 4. A Private Seller Is Easily Negotiable
A private seller is already trying to save money by avoiding a real estate commission. The seller is already missing a huge percentage of the buyer market just to avoid paying a commission.
A private seller is already avoiding an agent to save a commission expense. Most likely he/she is not open to negotiations on the price.
Your agent knows a lot about the true market value of property. Your realtor’s expertise in the business will protect you from making major mistakes in the purchase. You might not “save” as much using an agent, but you can rest assured that you cover all the bases.
Myths 1-4. Now You Know The Truth
You should feel much better about the value of a real estate agent after learning the truth about a few of these FSBO myths. If you purchase a home through an agent, you can rest assured that proper documents will be obtained, such as a property disclosure statement.
A contract with a private seller might be outdated and not cover current real estate law. The owner may be totally unaware the contract he/she has is unacceptable. An agent can guide you in your investment because he/she knows what the home is truly worth.
A “for sale by owner” listing is still a possibility when searching for Calgary houses for sale. Your home buying experience will be greatly improved and risk-free if you use a realtor, even in a private sale purchase.
In Calgary Tom Sherry serves as one of the top real-estate agents. You learn more about buying Calgary houses for sale. Do it right search listings and book a viewing at http://CalgaryHomes.pro