Just Listed: MLS A2042066
Video: https://www.dropbox.com/sh/u3e3h02flifyu91/AADkdMQbU98KGGCxTFK4CJyUa?dl=0
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Just Listed 157 Aspen Glen Place SW Calgary
Archive for the ‘Home Sellers’ Category
Just Listed this beautiful home: 157 Aspen Glen Place SW Calgary
Friday, April 21st, 2023Should I Buy or Sell my home first?
Wednesday, December 30th, 2020
Should I Buy or Sell my home first?
One of the most frequent questions I get as a Realtor is “Should I buy first or should I sell first? Unfortunately there is no correct answer as it will really depend on your circumstances. As I cannot simply answer the question for you here I will highlight 3 critical things you may want to consider to help you make your decision.
First is your finances, can you qualify for a mortgage on a second home? Even if you can qualify for a second mortgage is this something you want to carry? A catch 22 here is if you want to use the equity out of your current home to buy the new home then financing becomes a challenge as banks will want to sign you up for a full term mortgage. There are other option and this is where you need to speak to a mortgage professional. Often once clients look at their finances the choice to sell first becomes very clear.
Your second consideration is what is happening in the market?
- In a Sellers market you may lean towards buying first as you may have a challenge securing the perfect property with the limited inventory on the market and if priced correctly your home should sell in a very reasonable amount of time.
- On the other hand if its a strong buyers market then you might lean toward selling first. In a buyers market homes are harder to sell while buying you have plenty of choice.
- In a balanced market many will lean towards selling first as this gives you more control of the timing.
Your third consideration is, how much stress are willing to handle? In my years of experience there is typically a lot less stress on clients when the sell first and then buy. You may ask what sort of things might cause stress. Here are just a few:
Having 2 mortgage payments
- Having to move twice
- Your home does not sell as quickly as you thought
- The market can change in the middle of a transaction
When I have clients asking this question, I first ask them to consider their finances, the market and how much stress they want to manage. If this does not make them 100% clear on their choice here is what we do next.
Knowing the state of the market I will be able to give them a clear picture of what the market is like and how challenging the sale might be. The other variable is how challenging will it be to find their new home. I will then spend some time probing on the buying side. Once I get clarity on the specific must haves and like to have in their new home then I can complete a search to determine if there is 1 home that meets their criteria of if there is 100 homes that meet their criteria. If there are many homes available then I might suggest selling first and if they are looking for something very unique that may be hard to find then for them buying first may be the best strategy.
As there is no answer that is correct for everyone it is important to know whatever choice you make we have several proven strategies to ensure your transaction goes smoothly and stress free. If you would like a free no obligation consultations simply contact us.
TSW Real Estate Group Announcement
Tuesday, December 15th, 2020New Designations
At TSW Real Estate Group we take our business seriously and understand that the more education we have the better we are able to Serve our Clients. We are happy to announce that all Agents with TSW Real Estate Group have now received the following 2 new Designations.
SRS: Sellers Representative Specialist
Seller Representative Specialist
ABR: Accredited Buyers Representative
Accredited Buyers Representative
This adds to our list of current Designations:
CCS: Certified Condo Specialists
Certified Negotiation Expert
At TSW Real Estate Group – It’s all about you!
What to Fix Up in your Home before You Sell?
Sunday, April 5th, 2020If you have a home that is overdue for a renovation, you might be worried that it will be difficult to sell as a “fixer-upper”. In fact, you might delay listing your property for that reason. The good news is, you don’t need to fix up everything in your home to prepare it for sale. You can be selective and choose only those projects that are most likely to help your home show well and sell quickly. Here are some projects to consider:
• Repairs. Few things stand out more during a viewing than something in obvious need of repair. That includes minor issues, like a dripping bathroom faucet, as well as major concerns, such as the central air conditioning unit not working. Get these repairs done.
• Painting. Painting is one of the easiest and most affordable DIY projects you can do. Yet the impact it can have on your home is stunning. Some rooms are completely transformed by a fresh coat of paint.
• Kitchens & Bathrooms. Buyers love to see great looking kitchens and bathrooms. In fact, there are even magazines devoted just to those rooms! You don’t necessarily need to do a major renovation of these spaces, but a makeover can be a good idea. Consider replacing sinks, countertops, and/or cabinet hardware.
• Floors. If the floors in any of your rooms have become worn and unsightly, look at options for refreshing them. Consider replacing carpeting, refinishing hardwood, and/or getting tiles professionally cleaned and polished.
• Outdoors. Sometimes you can compensate (a little) for a less-than-ideal interior by sprucing up the outdoor space. Explore ways to improve your deck or patio, walkways, and landscaping. Even if your home is older, you can make it more attractive to buyers with any one of these projects. Want more ideas for finding eager buyers for your home? We offer a free – no obligation home walk through where we will make suggestion on minor improvements you can do to sell your home for the most money in the least amount of time. Free walk through
What’s Really happening in the Calgary Real Estate Market?
Monday, March 2nd, 2020What’s really happening in the Calgary Real Estate Market? The market is simply a result of Supply and Demand therefore we look at both Supply (inventory) and Demand (Sales) and the relationship between the two. We also update you on the current benchmark price for all housing sectors.
Following is a graph that shows the months of inventory for each Sector. Looking at a 2-year trendline gives you and indication of where things are really heading.
Graph shows the 2 year trend of Months of Inventory for all housing categories in the Calgary Real Estate Market.
Following is a summary of what I deem to be the most important numbers. Again, we look at Total Inventory, Sales for the past 30 days, Months of Inventory and of course the benchmark price. All numbers are taken from the Calgary Real Estate boards monthly stats package.
Data from Calgary Real Estate Board’s Monthly Calgary Stats package.
Gord’s commentary for the month (just my opinion).
Current Months of Inventory (Absorption Rate):
In February our absorption rate dropped quite substantially. If you look at the graph above Last year (2019) after Jan the absorption rate dropped slowly every month till June. February dropped significantly is down to the equivalent to May last year. The highest decrease was in Detached homes which are now in a balanced market at 3.85 months of Inventory.
Calgary Listing Inventory
Inventory increased in every sector in February. The largest increase was in Attached Row Homes at 10.28%. Inventory increasing at this time of year is expected. Total Increase was 8.7%.
Calgary Sales:
Sales in all sectors increased substantially in February. Lowest % increase was 32.5% of detached homes and the highest increase was Semi-Detached at 65.88%. Total Sales increase was 38.7%
Obviously, the sales increase is much larger than the inventory increases thus the months of inventory decrease.
Sales Compared to 2019:
Sales in all sectors for January 2020 were 7.6% higher than in January 2019.
Sales in all sectors for February 2020 were 23% higher than in February 2019.
Calgary Real Estate Sales Prices:
Prices in all sectors declined a little this month. The lowest decrease was in the Detached home sector at a decrease of .1% and the largest decline was in the Attached-Row Sector with a decrease of .67%
It’s also important to note that these numbers vary by community, and also by price range. If you would like numbers for your community contact us.
March 1, 2019 Calgary Real Estate Market Snapshot
Friday, March 1st, 2019What is really happening in the Calgary Real Estate Market?
Stay ahead of everyone else by following our Monthly Market Snapshot of the Calgary Real Estate Market. This shows what’s really happening! The market is driven by supply and demand so here we show the inventory (supply) and sales (demand) and most importantly the relationship between the two and how it affects the price of Calgary Real Estate. A simple way to keep up to date with how the market is trending and to stay ahead of most! All numbers are taken from the Calgary Real Estate Boards Stats package for Realtors. I have also included some general comments which are simply my opinion.
Months of Inventory: If we did not list any more homes this is how many months it would take to deplete inventory.
Months of Inventory/Absorption Rate – the inventory divided by the number of sales in the last month). What does this mean you might ask?
| Buyer’s Market | >4.0 | Drives prices down |
| Balanced Market | Between 2.4 to 4.0 | Prices typically remain stable |
| Seller’s Market | <2.4 | Drives prices up |
Current Report: March 1, 2019
This graph shows the 2 year Trend of the number of months of inventory for a housing sectors.
Current Months of Inventory:
In February our months of inventory decreased in every housing sector in Calgary. Although we are certainly in a Buyer’s market this month all sectors moved toward a more balanced market which in my opinion is a great sign.
| End of | Jan 2019 | Feb 2019 | Change |
| Detached | 5.83 | 5.04 | -0.79 |
| Semi Detached | 7.64 | 6.63 | -1.01 |
| Attached – Row | 7.64 | 6.98 | -0.65 |
| Apartment | 9.31 | 8.73 | -0.58 |
| Total City | 6.81 | 6.03 | -0.78 |
Calgary Listing Inventory
In February our months of inventory increased in all categories. This increase is totally expected as we move further away from the holiday season.
| Inventory (End of) | Jan 2019 | Feb 2019 | Change |
| Detached | 2834 | 2987 | 153 |
| Semi Detached | 649 | 689 | 40 |
| Attached – Row | 817 | 908 | 91 |
| Apartment | 1173 | 1301 | 128 |
| Total Calgary | 5473 | 5885 | 412 |
Calgary Sales:
Sales for February increased in all sectors compared to January. Although the increase was not substantial it is good to see a change of direction.
| Calgary Sales | Jan 2019 | Feb 2019 | Change | % Change |
| Detached | 486 | 593 | 107 | 22.02% |
| Semi Detached | 85 | 104 | 19 | 22.35% |
| Attached – Row | 107 | 130 | 23 | 21.50% |
| Apartment | 126 | 149 | 23 | 18.25% |
| Total City | 804 | 976 | 172 | 21.39% |
***Sales Compared to last year***
In Feb our sales were 89.6% of last years sales so a decrease of 10.4%. This trend in my opinion is expected to continue until our economy and consumer confidence change direction. I am also starting to see and hear from clients who are getting ready to take advantage of the low prices which may kickstart things a little.
| Jan | Feb | Mar | Apr | May | June | July | Aug | Sept | Oct | Nov | Dec | |
| 2018 | 102% | 82% | 72% | 80% | 82% | 89% | 95% | 93% | 85.9% | 89.9% | 83.0 | 78.6 |
| 2019 | 83.8% | 89.6% |
Calgary Real Estate Sales Prices:
February saw a very small decrease in prices in detached and Semi-Detached homes. Attached (Row) houses and Apartment condos showed a slight gain. Based on our absorption rate (months of inventory) we can expect prices to continue to trend downward.
| Sales Prices | Jan 2018 Benchmark Price | Feb 2019 Benchmark Price | Change |
| Detached | 476,500 | 475,600 | -900 |
| Semi Detached | 393,100 | 392,500 | -600 |
| Attached – Row | 284,300 | 284,600 | 300 |
| Apartment | 251,300 | 252,300 | 1,000 |
| Total City | 414,800 | 414,400 | -400 |
Sales Prices “Year to Date”
| Sales Prices | Jan 2019 Benchmark Price | Feb 1, 2019 Benchmark Price | Change
$ |
% Change |
| Detached | 481,400 | 475,600 | -5,800 | -1.20% |
| Semi Detached | 397,500 | 392,500 | -5,000 | -1.26% |
| Attached – Row | 288,400 | 284,600 | -3,800 | -1.32% |
| Apartment | 251,500 | 252,300 | 800 | 0.32% |
| Total City | 418,500 | 414,400 | -4,100 | -0.98% |
**Please note that these numbers include only Calgary and do change on a community basis and more so for towns. This report does not include rural properties and does not take into account differences in different price ranges. If you would like to find stats on your community just let me know. If you have any questions about this summary or about Real Estate in general, please feel free to contact us.
Guaranteed Sold – My personal opinion!
Tuesday, February 19th, 2019If it sounds too good to be true then it probably is!
In my opinion the program is simply a lead generating tool that earns Realtors business. They use “Guaranteed Sale” on their marketing to attract leads but when the consumer finds out the “Terms and Conditions” there is not a chance they will use the program but they often end up listing with the Realtor anyways.
Why do I say this: I looked into a Real Estate Website development company and here is what I found. This company creates web sites for Realtors and below are a couple of clips from their site.
Here is another clip selling this to Realtors.
This quote I found on an agents website. “Many homeowners are not initially pleased with the guaranteed price of their home because it does not reflect the true value of the property”
I was able to get my hands on a couple of agreements from different Brokerage’s and here are just some Terms and Conditions you might see. It is important to know there are other agreements out there that may be substantially different – this is just one example.
- How is Price determined? They complete a Comparative Market Analysis and then deduct the Realtor commission and then deduct up to 10%. In other words a house with a market value of $400,000 the Guaranteed Sales Price would be less than $350,000
- As a Realtor I know that if you put any property on the market for even 5% under true market value it will most likely be sold in a day and most often with competing offers.
- No One Ended Guarantees – It is a requirement that the seller purchase another property of equal or greater purchase price.
- If you cancel the contract then you must still pay full real estate commissions.
- The contract will be conditional to a home inspection at Sellers cost and seller shall be responsible for fixing all defects identified. If not completed the brokerage can terminate the entire agreement
Just my opinion it’s no wonder consumers would not sign an agreement like this.
Here is what the Real Estate Council of Alberta has to say about Guaranteed sales programs.
In summary, If it sounds too good to be true then it probably is! The Brokerages offering this Guarantee want nothing to do with buying your home – it is simply a lead generating tactic.
As a Realtor, I do not and would not ever use this program as I feel that it deceives the public and in my opinion that is not right!
As a consumer if I called a company to sell my home based on Guaranteed Sale advertising, I would feel tricked once I learned the details and that is not how I run my business.
3 Not-So-Obvious Indicators it’s Time to Sell
Saturday, October 6th, 2018There are many good reasons to put your property on the market. Some examples include a relocation, the kids leaving the nest, the need for something bigger or smaller, and the list goes on and on.
However, there are also some less-than-obvious indicators that it may be time to sell. Consider the following: 1. Your Property is no longer a Good “Fit” Your home may have been perfect for you when you bought it. But things change. Families grow. Needs evolve. For any number of reasons, your property may no longer be a good fit for you. If that’s the case, it makes sense to at least take a look at what’s available on the market. Who knows? Your next “perfect” home may be for sale right now — within your price range! 2. The Neighbourhood is Changing. You may have been in love with the neighborhood when you first moved in. But, over time, the characteristics of any area can change. Those changes don’t necessarily mean the neighborhood is getting worse. In fact, it may be changing in a positive way; perhaps becoming more urban. But, “more urban” may not be what you want. So take a look at the direction your neighborhood is heading. Ask yourself, “Do I still want to be living here in two years?” 3. You’re Ready for Your Dream Home Remember when you purchased your current property? Did it have every feature you wanted? Was it your dream home? Or, did you have to compromise on a few things, such as the size of the kitchen? If you had to make some tough choices back then, it might be time for you to finally get the home of your dreams.
Those are just three indicators it may be time for you to make a move. Of course, there are many others. If you’ve been entertaining the idea of selling your property and finding your next dream home, give me a shout, I can show you what’s available on the market, and keep you informed of new listings that match what you’re looking for. Contact me anytime.
What Type of New Home Are You Qualified to Buy?
Friday, September 14th, 2018When you think about looking for a new home, one of the first questions that probably comes to mind is: “What type of property can I afford?”
That’s an important question because your price range is a major determining factor in the types and sizes of homes you should be viewing. You don’t want to waste time looking at properties that are beyond your price range. At the same time, you don’t want to purchase a less-than-ideal home, only to realize later on that you could have afforded more. So how do you determine what type of new home you are qualified to purchase?
The first step is to find out what your current property would likely sell for in today’s market. I make that calculation for clients all the time. It involves reviewing what homes similar to yours have sold for recently, as well as other data — such as special features your home may have that are likely to boost the selling price.
Once you know the current market value of your home, subtract any outstanding mortgages and estimated selling expenses, and you’ll end up with an amount that can be applied to the purchase of your next home. (You may also have other funds you want to use.)
The next step is to talk to a lender or mortgage broker to see how much of a new mortgage you qualify for. (Contact me if you need a recommendation.) It’s important to get a proper Pre-Qualification or Pre-Approval. That makes the offer you make on a new home more credible and will also lock you into an interest rate. If you want to find out the types and sizes of homes you can get into, give me a call. I’d be happy to show you the possibilities!