There’s no denying that Calgary’s real estate market is hot. As the city continues to grow in population and a greater number of younger buyers are entering the market, the demand for housing has practically skyrocketed. In turn, the cost of real estate has also gone up. 

This trend has inspired thousands of homeowners to list their properties in hopes of accomplishing a top-dollar sale. However, not every seller is seeing the same results. Although the demand for Calgary homes is exceptionally high, there’s still quite a bit of inventory. While high-quality homes often draw attention (and offers) from multiple buyers, bidding wars are far from guaranteed for your average listing. 

If you’re thinking about selling your Calgary home and are hoping to take advantage of high demand in the market, you can’t sit back and expect multiple offers to roll in without putting in the effort. However, with the right preparation and approach to the market, you can maximize interest from potential buyers. 

Keep reading to learn more. 

Misconceptions of a Hot Market

Just like the city itself, demand for real estate in Calgary has been growing steadily in recent years. While the upward trajectory of prices across the city has inspired new confidence in many home sellers, it’s also led to some misconceptions. Primarily, many sellers think they’ll be able to sell their home for well over the asking price in just a matter of days. 

It’s true that the odds of a fast, high-return sale in today’s market are much higher compared to years past, but it’s not a guaranteed outcome by any means. Although demand is high, there’s a lot of unsold inventory currently sitting on the market. Many of these homes are overpriced or unprepared by sellers who were expecting an instant sale. 

In reality, sellers need to act competitively regardless of how good the market is. This means being strategic when getting market-ready, pricing their home, and choosing a Realtor to work with. 

Selling your Calgary home? Check out these other posts from our blog. 

What Sparks a Bidding War?

When a bidding war on a Calgary home does happen, it’s never by accident. If multiple buyers express strong interest in a certain property, it’s ultimately because that home stands out from others on the market.

There are a lot of reasons why a home may be multiple buyers’ first choice. However, most sellers who find their home at the centre of a bidding war follow a similar path to the market. 

How to Maximize Buyer Interest as a Seller

Work With the Right Agent 

As a seller, the most important decision you will make is the agent you choose to work with. As the pilot of your sale, it’s their job to craft a selling blueprint that suits your goals and maximizes interest from potential buyers. 

Preparation

Even in a hot market buyers will be looking for a home that feels modern and move-in ready. With that in mind, homes that have been renovated, updated, deep cleaned, and staged resonate far better with buyers than properties listed as-is. 

Pricing

Nine times out of ten, when a home sits unsold on the market for several months it’s because it’s overpriced. Instead, sellers who strategically select an asking price that increases buyer eligibility are far more likely to attract a multi-bid scenario. 

Effective Marketing 

Buyers can’t fall in love with your home if they don’t know it exists. With that in mind, one of the reasons it’s so important to work with a reputable Realtor is that they’ll be responsible for marketing and advertising it. A home that’s well-marketed will always drum up more interest than one that isn’t. 

Want to make the most of your home sale in Calgary? Explore these other advice-packed blogs next. 

Selling With Dolce Real Estate Group

If you’re looking to accomplish a smooth, high-return home sale in Calgary, you’ll want to partner with a local real estate team that understands how to tailor your listing for optimal results. That’s where we come in. 

With more than 15 years of experience, we’ve helped sellers in Calgary earn as much money as possible (in as little time as possible) across a wide range of market conditions. This experience, along with our results-oriented strategies ensures our services outshine the average agent. 

In addition to local buyers, our team directly specializes in working with incoming relocators. As a result, we understand buyer-wants better than anyone and can tailor your listing to attract a strong pool of interest in any type of market. 

Searching for a local team to help you get a great return on your Calgary home? Look no further than Dolce Real Estate. Call 403.999.5882 to get in touch or click to send us an email.

Get Our Newsletter

And get all you need to keep up with Calgary real estate.

Sign Up