It's a Great Time to Buy or Sell in Calgary

Looking to buy or sell a home in Calgary, Alberta? Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call us at (403) 660-6200 for a FREE home buying or selling consultation to answer any of your real estate questions. 

What's Happening with home values?

 

Home values are up 5.5% here in Calgary. This means that on average, a home is worth an extra $25,000 dollars. Inventory is also down by 18% since last year at this time, and this will continue to impact home prices.

What people keep asking me is, "If I sell now, will I have a place to live?"

 

The truth is that this could happen. However, there are rentals available on the marker and there will always be rentals available on the market. In fact, there is a 2% vacancy rate on a total of 40,000 rentals here in Calgary. That means that there are 800 places for you and your family to move in to temporarily. Although this isn't the ideal situation because you have equity locked up in your house, this can be avoided if you work with me to plan your move carefully.

This is an exciting time for real estate here in Calgary because with the low inventory, you are able to sell at the top of the market. Even if you do have to rent for 3, 6, or 9 months, in the meantime you can realize the huge upside in both buying and in selling.

So, I look forward to chatting with you and going through the statistics. I don't want you to have to rent a home after you sell your own, and I think that could be avoided if you plan carefully with me. We'll talk about your home and arrange a road map for you so that you don't have to rent a property in the meantime.

As always, contact me for any and all of your Calgary real estate needs. It's a great time to buy, and it's also a great time to sell. Don't miss out!

Exciting Calgary Real Estate Update for Spring 2014

Looking to buy or sell a home in Calgary, Alberta? Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call us at (403) 660-6200 for a FREE home buying or selling consultation to answer any of your real estate questions. 

I'm here again to update you on the Calgary real estate market. I will be going over certain things that clients were asking about, and also some issues that I find particularly pertinent to your success in real estate.

• We are currently below two months worth of inventory, and this is pushing prices upwards.
• This is your chance to sell if you've been thinking of selling. It's also a good time to buy because interest is low.
• The highest volume of sales is within the $500-550,000 dollar price range.
• 60% of sales are coming from this area.
• If you're thinking about making a move this spring...
• You have about a 60-90 day window to move after you've sold your home.
• If you sell your home now and buy later, there is a good chance that you will find a great deal on a new home because the market will be flooded with people selling their homes.
• It's an exciting time in Calgary for real estate:
• Inventory is low, and people are still moving here.
• Employment is strong.
• Calgary is growing very quickly population-wise with over a million people in the area.

So, if you're looking to buy or sell in Calgary, now would be the time to talk to me about arranging a time to meet and discuss your current situation. Timing is very important as we head into a very busy spring and summer marketplace. You can reach me at (403) 660-6200 or visit www.jamesmurphy.com

How to Invest Intelligently in Real Estate to Secure Gains

Looking to buy or sell a home in Calgary, Alberta? Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call us at (403) 660-6200 for a FREE home buying or selling consultation to answer any of your real estate questions.

Hello again, and welcome back to my blog. I've been having clients ask me lately if it's a good time to invest in real estate despite the shortage in properties on the market. This answer isn't so clear cut, but let me explain.

I know a developer who takes inner city plots and rebuilds them. His returns on these investments are always 15% or greater. Many clients ask me how they can get involved in something like this, and I have to remind them that an investment is not a guarantee. Also, I couldn't possibly explain all the intricacies of real estate investment within the time frame of this video.

If you want to discuss these matters, please call me or sit down and talk with me. I do know builders who are taking on these sorts of projects and they are looking for equity partners. You could become a joint venture partner or simply fund a project if you wished. Regardless, if you're thinking about taking steps like these, please consult me ahead of time because these investments always have uncontrollable variables.

Although inventory is low in the Calgary area, I wouldn't ever say a real estate investment is a bad idea. You just have to have a good handle on what you're doing with your investments and how you can leverage yourself against the market to make a gain.

I'd also like to thank everyone for following my video blog. I'm flattered by your support and I will continue to produce informational content to aid you in your real estate endeavors.

You can contact me at (403) 660-6200 or at jamesmurphy.com

Thanks again for watching!