Buy or Sell this Winter or Wait until Spring?


This is the time of year, when things slow down on the real estate front as people are focusing more on the holidays and upcoming events, but although some take a break, there are many other buyers and sellers out there that continue to sell or look to buy a new home. While listings are slowing down, Calgary remains a unique market in Canada right now with many moving to our city in search of job opportunities and economic prospects.  Along with local families either moving out of rental properties or just making a change, over 1400 properties changed hands in November and hundreds will follow in December.


This is also the time of year when new clients call as they begin their preparations and often ask if they should wait until spring. It really depends on your situation but if you consider the time to find a home, complete an inspection, and then wait the more standard 30-60 day possession period, you most likely would be moving early in the new year anyway. If your plans are to move in by March, getting prepared now would make sense so that you are prepared to move ahead in the new year. In my view, it really is more about the right home than whether the offer was signed in December or March. Keep an eye on new listings and if you find the right property, then lets make it yours.


As a seller, the winter months have a different set of challenges than the summer. There is no weeding or moving of the lawn, but it would be best to clear the walk and driveway or snow and ice.   Holiday lights replace flower displays.  Holiday bouquets replace fresh summer flowers. A warm fireplace and a large front mat are welcome accessories.  There are less buyers, so most likely less showings, but maybe those braving the elements are a more serious crowd than visits to a summer open house.  Know your market, your competition and present your home at its best.  

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