McInnis Realty Group Podcast

Although I primarily deal with resale properties, I still work with builders quite often and I have helped quite a few families buy newly-built homes. I have a few tips if you're planning on buying a new home here in Calgary.

1. Hiring a real estate agent is crucial when you buy new construction. Builders usually have agents representing them, looking out for their best interests. You want that same kind of assistance as a buyer. Find an agent who will work with your best interests in mind! The best part is the builder will actually end up paying their commission, so hiring a Realtor to represent you will not cost you a dime! We know which upgrades are worth paying for and which are not, and know how to negotiate with the builder to get you the best deal possible.

Make sure you're getting good guidance on the lot that you're buying. Consider where you will be on the street and where you'll be situated within the entire neighborhood. Choose lots that back up into greenspace.

Interest rates will definitely be rising soon, so there's going to be a big difference in your mortgage payment if you wait to build. Just because you make an offer to a builder today doesn't mean you'll receive today's interest rates. Secure financing now while interest is low.

If you have any further questions, please don't hesitate to contact me. I've helped a lot of families in Calgary buy beautiful homes, and there's no reason why you shouldn't be next!

Today I want to update you on the real estate market here in Calgary. We're currently seeing a buyer's market in most price points. This is especially true for high-end homes.

Housing inventory is currently very high. The price drop in oil and gas has definitely played a role in our market, as we are an oil & gas city. This does affect the value of homes in the area, and condos have seen the biggest drop in prices. However, this doesn't mean that you can't sell your home. Prices have only dropped by a few points percentage-wise.

As far as interest rates go, they've never been this low. This gives you the opportunity to save thousands of dollars over the lifetime of your loan. If you haven't done so already, I urge you to get pre-approved so that you can take advantage of these rates. I don't think they could possibly get any lower.

Overall, if you're selling in Calgary you'll need to pay close attention to your list price and the overall condition of your home. If you're buying, you're going to have a lot to choose from and your experience will be a little more relaxed. You'll have time to wait when making an offer, so when you find a home you like don't be frightened to wait a day or two in order to make a decision.

If you have any questions about Calgary real estate, please don't hesitate to contact me. I would love to consult with you in order to plan a successful real estate transaction!