Calgary real estate prospects

Any recommendations for a lawyer for purchasing a condo? Friend is considering private sale of buying the condo they currently live in. Downtown if that matters but guessing its all virtual nowadays.

Legal services are essential.

Legal will be in person, basically the only way lenders can get a wet signature these days... plus confirmation of identity

Don't let a lawyer buy your condo. Sell to a real human instead.

Coo, good to know. Then hopefully something central ish so they don't have to go across the city.

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Originally Posted by pheoxs

Are things slowing a bit?

Detached Sales in March were 1,866 houses. April is 432 so far ... prorated that is on pace for ~1,650 this month which is less than last.

Detached new listings in March were 2,612 houses. April so far is 719 so far .... prorated that is on pace for 2,700 a slight increase

Though days on market has dropped to 22 days from 29 in March so maybe good deals are moving fast but more people are getting greedy and asking too high?

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Consider people are now listing are on the market and not in it.
Also consider the shit locations people are trying to offload at a premium.
Like busy street houses, issues with house itself, etc.
The good areas have very little for sale.

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Originally Posted by pheoxs

Coo, good to know. Then hopefully something central ish so they don't have to go across the city.

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Charles Hotzel on centre street North is on the cheaper end. Or at least they were back in December 2018.

If it’s a simple situation no need to pay for an expensive lawyer IMO.

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Originally Posted by Tik-Tok

Rent. Then buy in two years.

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Great, now I have to find another reason to murder people.

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Originally Posted by suntan

Great, now I have to find another reason to murder people.

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Attachment 98526

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Originally Posted by Rocket1k78

I dont get lucky often but with my houses its been great. I bought my first 2 houses pre boom which i still own/rent, bought my last house in 09 after the crash, bought my new house last year mid covid and then i wasnt sure what to do with the house i lived in because the market was so shitty so i carried it and did some renos. Hoping to list within a week so im hoping i get some of this bidding war, its only worth 500 so it should be in the ideal price range i hope.

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Sounds about right lol I think this was the same guy that popped in the acreage thread saying he was triggered because i was saying 2 acres wasnt as big as you'd think

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Lol I'm the OP on this thread. If you guys read the first post I'm trying to buy a piece of property for future relocation use. I'm not a resident in Canada for tax reasons. So any purchases need to be in full without mortgage. So you keyboard billionaires can go cyber flex elsewhere or stay in your mother's basement (killramos)

You should just stay in Asia since things are done so much better there anyway.

No room for you in my moms basement, sounds like you couldn’t afford it either.

Given how nice his mom's bedroom is...

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Originally Posted by msommers

Given how nice his mom's bedroom is...

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That would get real awkward since we all share a bed.

But I assume that’s what they do in Asia so maybe he’s cool with that, unlike most spoiled wasteful Canadians with multiple bedrooms amirit?

Been in your mother's room. Not impressed with the curtains

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Originally Posted by Power_Of_Rotary

Been in your mother's room. Not impressed with the curtains

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You know, jokes are only funny if you are the first one to say them in the last 5 minutes.

Instead you are the slow kid in the corner repeating what everyone else says while giggling to himself. Congrats on that one lol

Don't make me do another fan fic killy...

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Originally Posted by Disoblige

Don't make me do another fan fic killy...

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But Moooooommmmmm, he was asking for it....

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Originally Posted by Power_Of_Rotary

stay in your mother's basement (killramos)

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Lets tone it down a bit, no need to say mean things like that.... this could get very out of hand and next thing you know someone's gonna throw out that someone's mom wears army boots

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Originally Posted by Disoblige

Don't make me do another fan fic killy...

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This time with step-siblings?

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Originally Posted by Tik-Tok

Rent. Then buy in two years.

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Timing the market with your primary home.... not recommended if you have kids.

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Originally Posted by jwslam

Listed my $400-$500k range starter home in a burb community.

24hrs online; 17 showings booked. Looks like I won't make it to the weekend.
The first guy that saw it came in $20k over list but only gave me 4 hours to accept; would've considered it he came in zero conditions :rofl:

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Currently "sold" unless some shit goes down between now and possession day.
Financing and home inspection cleared.

2 days in, when I made a decision.
25 showings. 5 offers. 2 for list, 2 for 10 over, and one for 30 over - long story, seemed sketchy on paper, but ultimately the offer I accepted.

It's crazy out there boys.