Quote:
Originally Posted by Mazrim
Today marks month number 9 for my house search. The positive right now is after a period of pretty intense inflation and everything going way over asking, the price range I'm in (which I'll admit has climbed an uncomfortable amount since the start of the search) is sort of stabilizing for the moment. Houses are still going quickly, but there's less going with no conditions and a lot more going right around asking price. Maybe that's more about the quality of these places then the market, but I'll mark it a positive for now.
The negative is that I'm getting the impression that investors are making this way harder than it has to be for everyone in Calgary. Great news for people looking to get some more value on their properties, but good luck finding a house after selling. My wife and I have been pretty patient so far but the grind is starting to wear us down. The search area we had set has slowly grown every month, and we're giving up on more and more things we wanted in the hopes of getting some hits.
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As someone not in "the game" right now, I've heard many suggest that if you have sold recently it's likely a much better play to rent for bit and hope for the insanity to pass over to the point where you can actually go and look at places and buy normally instead of bidding and giving up a bunch of wants in your new home just for the sake of getting something.
That's not meant to sound condescending or anything, just personally I wouldn't be willing to do what it takes to close a sale right now for a place that will be my home for years. To drop $400-$600k on a sale, I need waaaay more control and boxes ticked than buyers are giving into right now. It's absolutely insane.