Chad Moore Calgary Mortgage Broker

Buy low.  Sell high.

Simple enough, right?

Ahhh …if only it were that simple.

The busiest time in Real Estate is when prices in the market are at the TOP.

Buy high.  Panic and sell low.  Or swallow hard and hold long term.

This begs the question hundreds of qualified home buyers are asking in Calgary right now …when is the best time to buy (In terms of prices bottoming out)?

I think the truth is we won’t know that data until years after the fact.

However, if you are serious about timing the market, buying low and selling high, here’s what I suggest for you:

1. Understand your affordability.  This means a Mortgage pre-approval with all of your documents submitted for review. Understanding this number helps you narrow your home search down, saves you time and allows for you to budget.
2. Gain some context.  This means getting out from behind your computer, going into homes, looking around and gaining a competent understanding of value today.  Really narrow down on an area, type of home, and price range for your context.  Begin to track everything.   Get a sense of what’s happening out there.  Was a home listed, then re-listed at a lower price?  How long was a home on the market for?  Where are homes selling relative to list price?  How long have listings been on the market?
3. Have a plan.  When you understand your affordability and have an educated understanding of our market (specifically the local market you can afford and are interested in), create a plan.  At what price range are you willing to write an offer?  If you are watching the market for several months, how much have comparable home prices dropped by?   According to you, if a home is priced aggressively in the market, how long is it listed for?  Also, to help you anticipate where future home prices might trend, click here to see September’s housing data.

My question to you is, have you taken care of #1 on our list yet?  I am taking on new clients who might be 6-12 months out from purchasing a home and helping them understand our market place.

I am also helping you understand the following:

• How to shop around for the best Mortgage.
• How to protect yourself from “future payment shock”.
• How to adjust your Mortgage for inflation.
• How to protect you from increasing interest rates.
• How to save THOUSANDS, and the Banks make less (they DO NOT like this).
• How to purchase a home and use the Governments money to customize it.
• and much more …

Call me today so I can set aside some time to speak with you:  403-809-5447.

Also, this phone call is not a sales pitch in disguise.  I am helping you understand everything, and typically when that happens, the people I deal with prefer I represent them for their home purchase and beyond.

Talk soon,

Chad Moore