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Local Real Estate Market Update – Sell or Buy?

Tue, 05 May by Kevin Grenier

The lower oil prices have started a lot of conversation on how this will impact the local real estate market.

I get asked everyday “how is the real estate market?”

 

 

 

The Get Your Real Estate Questions Answered Hereanswer to that question as is often the case is “it depends on the circumstances of the person that is asking the question”.

 

Let’s face it what most people really want to know is “how will this impact me and my family if at all?”

 

Although there is no crystal ball that will foretell the future there are always indicators that can be used as a guide.

 

The Edmonton Real Estate Board does a good job of giving the statistics that reflect the current resale market with their monthly news release which you can find here.

 

CMHC has made a housing market information portal available here, which covers both local and national housing markets including new home building activity.

 

CREA also puts out housing stats that can be found here.

 

Then of course there is your REALTOR® who will provide yocalm characteru with what you might expect to either pay for a home or sell your current home for based on a more focused assessment which takes into account not only the macro & micro markets but also your needs and wants.

 

There are more resources available and if you’d like more, please let me know.

 

These are interesting times we live in there is no doubt of that, surrounding yourself with a good team who can help you attain your goals is more crucial than ever.

 

Kevin

 

 

13008 65 St

Sat, 27 Jul by Kevin Grenier

Here is a real estate opportunity worth sharing. This upgraded 4 bedroom bungalow has been lovingly upgraded and shows extremely well. Perfect for either the first time home buyer looking for a turn key home or the home owner looking for some additional revenue from the basement. Or how about a solid buy and hold property in a great area, friendly neighbours, close to schools, shopping and the LRT.

This lot is RF3 which means you could eventually build a duplex on it. One strategy would be to rent it out or put room mates in the upstairs or downstairs and live in the other half. Then after several years you depreciate the house, clear the lot, build a duplex and use apply the depreciation against any profit from the eventual sale.

Not following? No problem, suffice to say this is a property loaded with potential no matter what your particular needs are. Contact Kevin at 780-893-0269 in order to find out more about this property and to book your showing.

Click on the following link to view pictures, details and the video;

13008 65 St Feature Sheet

Buyer Feedback – 2 solutions to unrealistic buyer expectations – advice to seller

Tue, 18 Sep by Kevin Grenier

Comments like this “The clients didn’t like the room sizes” indicate that we are attracting buyers that are expecting larger rooms or whatever the comment is. Now isolated comments are one thing and don’t mean much but when you are consistently getting similar comments about things that cannot be changed like room sizes this is the case. Why are we attracting buyers with expectations that exceed the real property? Primarily price, usually buyers stick to a price range and as they are shopping around get a feel for what is out there at that given price range. For example no one expects a huge bonus room in a starter home price range but they do come to expect certain things based on what other similarly priced homes are offering. Now I realize that a price reduction is not always in the books so there is something else you can do and that is raise increace value either real or perceived.By real value I mean upgrades such as replacing that dated tile in the foyer or the sea foam green carpet in the livingroom. By perceived value I mean things like staging, decluttering, cleaning, minor repairs and painting. The bottom line is if you are getting negative feedback consistently you may want to review your expectations and come up with an action plan that will bring a solid offer to the table from a qualified and motivated buyer. For more real estate tips call me, I’m hear to help.Kevin Grenier (780) 893-0269Realty Executives Polaris REALTOR®, ABR® (Accredited Buyer’s REALTOR®), SRS® (Seller Representative Specialist)P.S. Download your free real estate app at www.RealHousesForSale.com This is not intended to solicit anyone who is currently contractually represented by another REALTOR® 

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