Live In Show Homes: The future of home sales?

Canadian Real Estate magazine had a recent post about luxury home owners being advised to offer a test drive of their property.The idea being run by Luxury Auction House gives clients the opportunity to live 7 days in their prospective property with full access to amenities. While not too farfetched an idea for luxury homes where clientele can afford the $150,000 bank draft and the concept of test driving a house is very understandable for the price tags attached, it does make you wonder if such a sales tactic would trickle down to more modest channels.

Consumers have a greater idea of the options available to them, a greater sense of what they’re looking for in a property and when it comes to making it ahead of the competition home sellers are inundated with plenty of tips for decorating, repainting, and styling their home to make it look more approachable. Barring in mind the legal and financial hoops to jump through, do you think you would be more inclined to buy a home if you got to give a test try?

Increase in Alberta Home Asset Growth

Amidst news of soaring debt levels in Canada, it’s welcoming to hear that Canadians have been growing their wealth as well. There has been a 7.7% increase in average wealth since the end of 2012 and Albertan’s lead the country in wealth gains, seeing their average household wealth increase by a full 10% over this period. The major push of this wealth increase lies in the rising value of real estate.

The gains of household wealth look even more impressive when matched to the end of 2007 where average Canadian wealth has increased 28%, showing a tremendous change from the recession years. Whether you’re looking to put your house on the market as you search for your upgrade home or don’t have any plans to move at all, it’s always good news to see your property investments pay off.