January 2025 Newsletter

QUESTIONS TO ASK BEFORE BUYING YOUR NEXT HOME
JANUARY MAINTENANCE TIPS
NEW YEARS RESOLUTIONS FOR YOUR HOME
MARKET UPDATE

QUESTIONS TO ASK BEFORE BUYING YOUR NEXT HOME:

Competition

During a seller's market, there’s a very good chance a buyer maybe put into a multiple-offer situation. Many things can be done to give an advantage in a multiple-offer situation, but it’s critical to understand that there is a great chance this is going to be a reality.

Selection Of Available Housing

It needs to be understood that during a seller's market, the number of homes that will be for sale will be below. If a buyer has very specific housing criteria, buying a home during a seller's market may not be the best idea.

Interest Rates

Interest rates should be a big factor in whether or not to purchase a home in a seller's market. Currently, interest rates for mortgages are near historic lows, which makes it a great time to purchase, even in a seller's market.

Price

Since there is normal competition in a seller's market and multiple offers, a buyer must understand they may have to pay full price for a home and possibly over the asking price! If a buyer is looking to submit low-ball offers to sellers, buying a home during a seller's market is probably not the most opportune time to be buying.

JANUARY MAINTENANCE TIPS

• Change batteries in smoke and carbon monoxide detectors
• 
Check gutters and roofs for ice dams and icicles
• 
Clean the basement, garage and other indoor areas
• 
Check for drafts around doors and windows
• 
Change furnace filters

NEW YEARS RESOLUTIONS FOR YOUR HOME

Below is the start of a list of where to begin with keeping up with your home for the new year! Also, be sure to use my monthly home maintenance tips!

1. DECLUTTERING YOUR HOME Details To keep yourself on track, get started now and schedule a time to spend organizing, sorting through piles of clothes and papers, and removing unwanted items from your home. Details
2. PLANNING A ROOM RENOVATION If you've been planning on any larger projects in your home, this is the perfect time to start planning and executing. Make sure to allocate plenty of time and proper budgeting, for contractors.
3. PUTTING HOLIDAY DECORATIONS AWAY EARLY It's not necessarily the "when" of putting the holiday decorations away, it's more about the how. Have a specific space and storage bins that make it easy to both put away and bring out so it never becomes a mountain of a task.
4. TACKLING LITTLE PROJECTS You may not have even thought to pull that ever-growing list of little home improvement projects over to your New Year's resolutions list, but with the right planning, you have the opportunity to cross it all off at once. Get it all together ARD ESS out and execute all in a day.
5. ORGANIZING A SPECIFIC SPACE Look at what you're keeping in the room, establish a plan for what will stay there, then measure and research storage options for the best system to keep those items organized and in place.

MARKET UPDATE

CALGARY MARKET UPDATE FOR DECEMBER 2024:

Benchmark Price: $583,300, increase 3.2% vs. 12/2023
Sales: 1,322, 2.9% decrease vs. 12/2023
New Listings: 1,239, decrease of 0.7% vs. 12/2023
Inventory: 2,989, 37.7% increase vs. 12/2023
Months of supply: 2.26, 41.9% increase vs. 12/2023
Days on market: 44, increase of 31.9% vs. 12/2023

NEW YEAR NEW HOUSE? If you are thinking of buying or selling don’t hesitate to reach out.

EMAIL US FOR YOUR FREE HOME VALUE!
info@findyournookyyc.com