Believe it or not now is a great time to sell for many different reasons
1) With the uncertainty of the Alberta economy and the effects of Covid - 19 there is a greater chance of valuations dropping than rising in the new year. Right now might the highest you might be able to sell your home in several years.
2) The number of listings which you might be competing against is much lower as inventory typically drops this time of year... lower competition and stable demand means valuations at this time would be strong and stable... The law of supply and demand.
3) If buyers are looking now you know that they are serious.
4) With Christmas upon us right now you probably have your home decorated for the season making your home show that much
Sam: Hi Serge... So Serge what is happening in the Edmonton real estate market.
Serge: Sam I am glad you asked. We have a split market which is something I haven't seen in a long time.
Sam: So what is a split market?
Serge: That's a great question. For a segment of the market we are in a balance and even a seller's market with upward pressure on valuations while in another segment we are in a buyer's market where we are seeing downward pressure on valuation.
Sam: To you expand on that?
Serge: Well Sam currently there were 3,398 single family homes listed for sale in Edmonton proper.
In the previous 30 days we sold 726 single family homes with an average selling price of $434,200
In today's edition of "Everything You Need To Know About Edmonton Real Estate" we have a candid discussion with David Edmiston of Pacestter homes about how this Covid-19 virus has affected the new home industry and what our thought are about the market going forward.
Serge Bourgoin:
Hey, everybody. Welcome to Everything About Edmonton Real Estate. This is our very first episode. Today, I'm honored to have David Edmiston from Pacesetter Homes joining us today. David comes from real estate royalty. I started working in real estate in 1985 and I started working with his father and I met David since he was 12 years old. David has had real estate in his blood since he was born. David, welcome.
Unique two & a half-story townhouse in Meadowlark Village, steps away from West Edmonton Mall & Misericordia Hospital. The main floor features a large open living room with access to a fenced in patio. This is great in summer & overlooks a grassy knoll. The dining area transitions into the Kitchen & on to a Breakfast Nook. Main floor half bathroom, with updated plumbing & new vanity, also includes in-suite laundry area. The second floor features two bedrooms including the master. The upstairs full bathroom has been fully- renovated, which includes all new the plumbing. High efficiency furnace installed in 2019. Enviro Friendly Hot water tank is eight years old, well maintained. The third floor features a spacious Loft,
Have you ever looked into the eXp Realty opportunity? It took me more than 12 months to make the move from the first time I was introduced to it. I had been in the real estate sales industry in Edmonton for more 33 years at the time, and had been with Re/Max for over 30 years.
Well I can tell you that it was the best decision I have ever made. I only wished I had made the decision a year earlier. Please take the few minutes to watch this short video tell me what you think.
Don’t make the mistake that many realtors make and think we are just a recruiting or a multi-level marketing company. We are agent success obsessed. We want to provide you the tools and technology for you to succeed.
If you think you would like more information about eXp and
Serge Bourgoin: Hey everyone, it's Serge here again from FindMyHouse.ca eXp Realty with another edition of what you need to know about real estate. Today, I'm with Carl Bosecke, a long time friend of mine and real estate lawyer. We're going to talk about title insurance versus maybe a real property report and compliance. So what can you tell us about that?
Charles Bosecke: So, this is probably one of the most problematic areas in real estate purchase transactions. Real property reports, just as a background, is a survey of the property, which shows all of the structures and improvements on the property. And it indicates all of the dimensions of the size of the structure and the location of the buildings and the structure of the property.
The Bank of Canada has remained – somewhat defiantly – on the sidelines yet again, but it is feeling the pressure to get back into the game and one obstacle has now been removed.
The bank held its benchmark rate at 1.75% for an eighth straight setting. At the same time it has clearly signalled it may not be able to hold that line much longer. In its quarterly Monetary Policy Report (MPR) the bank pointed directly at trade conflicts (such as the U.S. – China tariff war) as the key cause of a global economic slowdown. Growth has fallen to its lowest level since the financial collapse in 2007. Around the world more than 35 other central banks have already cut rates in an effort to keep growth from stopping altogether.
Are you looking for a great DEAL? It has an asking price $80,500 below the assessed value!! Where else are you going to find a 1,300 sq.ft. 2 bedroom, 2 bath condominium with heated underground parking only 5 minutes walk to the ravine, just a few minutes drive to downtown and the University listed for a mere $169,900.
has everything you need & more. Main floor boasts a bright kitchen, washer/laundry area, dining room, large living area, half bath & access to the main floor patio. 2nd level offers a large loft style living area, a full bath, 2nd bedroom, Master with private balcony and semi ensuite (full 4 pce bath). Huge closets in the bedrooms, the abundance of storage and heated underground parking make this an easy choice. The building is
Hi Everyone! It’s Serge here, with eXp Realty, and FindMyHouse.ca. Today I wanted to briefly talk about Buyer Representation Agreements. What They are and how you benefit from this Agreement.
Once you have made the decision to buy a house you will need to Work with a Realtor. Law in Alberta require him or her to Explain Buyer Representation Agreements with you.
These written agreements are designed to protect you and to ensure your best interests are realized. They describe the relationship between yourself and your Realtor, holding the Realtor accountable for their Duties, Responsibilities, and the services that they provide to you. Most importantly, they are legally enforceable making sure you are legally Protected.
