What Is A Bully Offer? Real Estate Bully Offers Explained
Posted by Calgary Homes Real Estate Partners Team on
With homes selling incredibly fast, and demand sustaining, the fast paced Calgary real estate market has proven once again how dynamic it can be and as more and more of the homes we list entering into multiple offer situations, buyer bidding wars, and sellers setting up (Bring your best) dates, it's important to stay up to date with current market trends and terms.
Our blog covers bully offers or pre-emptive offers, current market trends, situations our sellers are seeing, and the various lengths we're seeing some buyers go to secure homes.
How Does A Bully Offer Work?
First things first, we unpack a bully offer and what this term means. As you may have guessed, a bully offer acts and works similar to how it sounds.
A bully offer is an…
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With the launch of 5G in Canada back in September 2020 and the recent announcement of Rogers looking to acquire Shaw Cable, the 'big three' providers of Telus, Rogers, and Bell seem to be gaining more traction and control over the cell phone market, Many consumers are speaking out against the latest proposed Shaw acquisition to the competition bureau of Canada, citing that this is just further strengthening the stranglehold that the big three have over consumers and their limited options. Shaw was seen as an outlier and disruptor in the cellular space, forcing price wars with their freedom mobile data plans.
Unable to sell your home? One of the biggest challenges home sellers face is the unknown, whether it's because this is your first time exploring the resale market and selling your home, or you sold it much easier in previous times, home owners can sometimes be left in the dark as to why their home may not be selling . One of the most common misconceptions in the real estate industry is that a home not selling or getting much attention translates to it being priced too high, and often sellers who have previously been on the market approach us ready to list their homes are prepared to drop price significantly to get the job done. While price can definitely be a factor in your homes ability to sell, we will always explore any other factors that could be…
Economically the city is in a major push to diversify its economy, however it is still one of the top players in the oil and gas sector. The cities population surpasses the one million mark and is only growing.
Calgary hasn't witnessed for quite some time. The pressures of the pandemic are keeping inventory at persistently low levels, while low interest rates and those looking to move up out of smaller living situations are driving demand.
from first time home buyer single family homes to luxury penthouse condominiums in the downtown core, to gorgeous acreage properties that hug the perimeter of the city. However, the bulk of homes in Calgary are single detached rather than high-rise multi-storey buildings and as a result there is quite a bit of urban sprawl seen throughout meaning the diversity between communities and their amenities and offerings is quite dynamic.
The word "Expensive" by definition is something (costing a lot of money) That term is truly relative for each individual home buyer, someone with a net worth of $20,000,000 may not consider a home priced $3,000,000 as expensive, while a first time home buyer just emerging into the workforce and real estate industry may view homes priced over $750,000 as too expensive. Nonetheless, we've put together a dynamic list of the most expensive (AKA highest priced) homes for sale in Calgary and surrounding areas including Chestermere, Okotoks, Cochrane and Airdrie.