It’s evident that the Calgary real estate market is experiencing significant activity and competitiveness as we enter 2024. With multiple offers and homes selling well above the list price, it’s indeed a challenging environment for buyers. Your advice for buyers to be proactive in getting their financing approved and to consider forgoing certain conditions is sound. In such a competitive market, being prepared and decisive can make all the difference in securing a desired property.
Additionally, your cautionary note about waiting for prices to go down is important. In a market where demand outstrips supply, there’s a risk of being priced out if one waits too long. It’s crucial for buyers to work closely with their realtors to understand market dynamics and make informed decisions.
For sellers, this market presents a favorable opportunity to fetch top dollar for their properties. With such high demand, sellers may find themselves in a strong negotiating position. However, it’s still important to work with a skilled real estate agent who can navigate the complexities of the current market and ensure a successful sale.
Overall, adaptability and swift action are key for both buyers and sellers in Calgary’s dynamic real estate landscape in 2024.
