You have been waiting for the right time to buy. If your job is secure and your credit is good, now would be the time. Real estate prices are defined by the law of supply and demand. While prices have been dropping that could begin to change as inventory levels have been reducing and sales have been increasing, leading us to believe that the Calgary and area market is about to stabilize. One of the most important considerations as to whether now is a good time or not is the availability of all time low interest rates. Take a look at the following table.
| ANNUAL INCOME | MAXIMUM MORTGAGE AMOUNT IN 2008 @5.99% | MAXIMUM MORTGAGE AMOUNT TODAY @3.99% | MONTHLY PAYMENTS |
| $60,000 | $265,000 | $340,000 | $1,786 |
| $80,000 | $365,000 | $465,000 | $2,443 |
| $100,000 | $460,000 | $590,000 | $3,100 |
As you can see you have a lot more buying power just through the lowering of the interest rate.
Now if you take into account the amount that the property you want to buy has dropped, you really have a great opportunity to buy that home that even one year ago, you could not hope to afford.
Sounds great, what is your first step. Call us for a buyer's interview, we will arrange to have you pre-qualified so you know exactly what you can afford and what the payments will be.
We specialize in Buyer's Agency, today you have an option. You can retain your own real estate professional to represent your interests when it come to the purchase of your home. We can represent you whether you are buying from a builder, any real estate company, or a for sale by owner. You do not have to deal with the seller's agent, nor should you as they work for the seller, (unless all parties agree to a situation where the agent works for both parties.) It Is A Great Time to Buy A Home Now!
As your Buyer's Agent we have your needs and your best interests at heart. To learn more about the benefits of Buyer's Agency and how we can help you secure the home of your dreams please call us for a free consultation. Remember it does not cost you any thing to have your own representation, but it may save you thousands.
Want it now? Here it is! A 5 year old 1800 sq. ft. lake front bungalow with fully developed walk-out. You will love the open plan with the 10 foot ceilings and lots of windows so you can enjoy the lake view. The main floor has a spacious master bedroom, a great room, a spacious ebony stained maple and stainless steel kitchen, a second bedroom or den and a two piece bath. The fully developed walk out has a large media room and games room with a bar and wine room, gas fireplace, 2 bedrooms, a full bath and a hobby room. This home has central air-conditioning, under ground sprinklers and is on a 60 x 180 foot deep lot. Low maintenance finishes means more time on the lake and less on up keep. After all living on the lake should be all about water-skiing, fishing, wake-boarding or sailing.
April so far has been a great month for sales in Chestermere Lake Alberta. Not to wait for the end of the month, if we look at sales in the past 30 days there have been 23 homes that have sold. There are another 11 sales that are pending.
At this time there are still 148 home to choose from, so if you have been waiting the selection is still good.
Visit our website to view homes for sale www.chestermererealestate.com
Sunday morning we were sitting and reading the newspaper and enjoying our coffee when the phone rang at 9 a.m.
Did we rant and rave that someone had their nerve phoning us on a Sunday morning. No, we just got up and answered the phone. On the line was a very apologetic but anxious to buy BUYER, THAT HAD ALREADY SOLD THEIR HOME YESTERDAY AND WANTED TO BUY A HOME THAT DAY!!!
They had been hoping to be able to work with a local realtor who could really tell them about the community that they had stumbled upon. Chestermere reminded them of their home in Sherwood Park, so after driving around they did a search and came upon our website.
I did a search and found them 3 homes that fit their criteria. We called and arranged appointments and Doug showed them the homes and the community.
As we had finished writing the offer on the home they wish to purchase other realtorsIwere returning the messages that they had left the night before...
Often we cannot help people on short notice, but it did work out for us and for our new neighbour.
We will continue to help them settle into the neighbourhood. They have a son that is just the right age to join the Youth Group that Marjorie is active in. She is an avid reader, so she will enjoy the book club that Marjorie belongs to. We will help them settle and met people and make sure that they are happy in their new home. That is just what area specialists do.
Just because we answered the phone, we have a sale and we have met new friends. It is a wonderful life.
This Saturday there will be free baloon rides for any one that makes a $5.00 donation to the Chestermere food bank. The rides will be tethered and will go up 80 feet so you can get an idea of what a real hot air balloon ride would be like. This will be if the weather cooperates and we have a calm day. If it is too windy they cannot go up.
The Lion's Club Food Bank in Chestermere is getting low on supplies and could use your contribution. If you can help donations of non-perishable food items can be made at Safeway, the community centre or the library.
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17 years experience in Calgary and Chestermere now concentrating on the Chestermere Market. Licensed in residential and commercial.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
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