Increasing your chance of success when facing multiple offers -- FEATURED ARTICLE

Lack of homes for sale in Calgary has led to fierce competition among buyers. If you've missed out on more than one property, it's time to examine your strategy and consider the possibility of using a Buyer's Agent.  

Before you begin looking at homes... 
Has your financing been confirmed? A meeting with your bank or mortgage broker is a vital step in the 
Home Buying Process. Only when you're pre-approved for financing should you begin looking at homes. Your approved mortgage amount will depend on several factors, including your income, monthly payments, assets and debt.   Check out Frank's preferred mortgage broker

Get the latest listing information. 
How have you been getting information on homes for sale? Are you relying on newspaper ads, open house notices or flyers in the mail? If so, you're a step behind other buyers in the market. Calgary homes now sell in an average of 18 days -- 50% faster than in May 2005 -- with many attractive, accurately-priced homes selling within 3 to 5 days. Smart buyers work with a Buyer's Agent to get instant email updates of the newest listings. My buyer's search site allows you to create, save, and receive emails on searches matching your requirements.   
Information on becoming a member

Write a strong offer.
When the market is this competitive, I have special advice to my clients on negotiation strategies and offering price. Certain strategies might include leading with your best offer, meeting most of the seller's terms, and in all situations setting your offering price after reviewing recent sales in the area. 

Your Agent,
Frank