All Blog Entries by Stuart Neal

Found 41 blog entries published by Stuart Neal.

The process of downsizing can be an exciting time. It can also be a time for contemplation and worry about what lies ahead. John Tidridge wrote this wonderful poem to describe his initial feelings and thoughts as Maureen and he contemplate the next stage of their lives. 

WE ARE DOWNSIZING...YES! 

To Stuart B I say ‘Attention’

About things I aforementioned...

We are going to downsize!

 

Our present home has been just right,

In fact, it’s quite a pretty site...

We are going to downsize!

 

We have raised four kids,

From who very little is hid...

We are going to downsize!

 

A deposit we have already placed...

It’s a lot of money to be replaced...

We are going to downsize!

 

The new place is all brand

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Summary:

December 2018 saw the Edmonton homes sales market slow but values held.

Sales Values:

As home buyers competed for homes in December and against the backdrop of lower supply, sales values rallied. On average, home buyers paid about 3% MORE than did home buyers in December 2017. Average sales prices were just over $367,000 in 2018, compared to approximately $357,000 in 2017.

Numbers Sold:

534 homes were sold in December down by 182 units sold in 2017. This suggests that despite the many very good deals on offer many buyers are sitting on their hands and waiting for a better time. This may be flawed thinking and they are likely to pay the same or more for homes in the mid to long term.

Days on Market:

As might be

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Summary:

If you are ready to buy a home this could be the time to jump into the market. Prices have remained low this last 2 months. We don’t expect this trend to continue. 

Sales Values:

Home buyers continued to push their advantage in November. Home buyers were able to secure deep discounts compared to this time last year. On average, home buyers paid $369,336 equivalent to a 4% discount over last year, although it should be noted that buyers paid premium prices in November 2017, to beat the lending rule changes coming into effect January 2018.

Numbers Sold:

750 buyers purchased homes in November 2018 down by 155 units last year. This suggests that despite the outstanding deals to be had, many buyers are sitting on their hands

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If you are like most home buyers, you will get caught up in the excitement of selecting your next home. Your list of things you want to get will be long. And expensive!

We recommend that you try and get grounded as quickly as you can. There’s no point in looking at homes with swimming pools and tennis courts when the reality is that your budget or needs are quite different. Here are some simple steps we hope you can use to get from dreaming to owning in the least stressful way.

1.  Set Your Budget

Have you determined what level of monthly payment you can afford? Have you factored in the cost of taxes, utility bills and maintenance? Have you secured mortgage approval? Do this first!

 2.  Decide Where Not What

First you must decide where

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Ambergate_Home_Winter

Don’t fall into the trap of complacency. At this time of the year, hundreds of home sellers witness outstanding success and sell for full market value.

Between November 21st, 2017 and January 31st, 2018 almost 1700 homes sold in the Edmonton market taking around 70 days to sell. There’s every reason to expect that this year will be just the same. Click on this link to see the detail: Edmonton Market Report

Here’s why you could do well:

  1. Reduced competition. Many sellers just give up until Spring. Buyers who are looking now are motivated. They might pay you a premium price, if they can move in quickly.
  2. Home values often go up. Based on last year’s statistics house prices in the metro Edmonton area increased just before Christmas.
  3. Many
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We are pleased to welcome our latest team member Nic Jacura. Nic comes to us from REMAX.

Nic grew up in Edmonton. He has a strong understanding of the city and the surrounding areas. Nic believes in Edmonton as a great place to live, and that it can offer an ideal home for someone in every phase of their life. Nic has completed real estate transactions related to single family, condo, country residential and even mobile homes. Nic is motivated to provide the best service possible and believes we should all act with honesty, integrity and urgency. Nic believes there is a perfect home for everyone and would love to help you find yours!

About the author:

You can read more about the author of this blog by clicking this link – Stuart Neal Broker

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Stevi joined us in April 2018. She was brand new to real estate and quickly learned the ropes. Stevi is now a highly valued and experienced member of our team. She has a background in interior design and space planning. She has a very positive outlook on life and loves helping people find their next home.

About the author:

You can read more about the author of this blog by clicking this link – Stuart Neal Broker Owner & REALTOR®

Want more information about our discount and flat fee home selling programs? Please feel free to call our broker owner Stuart Neal at: 780-760-2014 or visit our home sellers page www.FlatFeeRealtyAdvisors.ca

 

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Summary:

The market definitely faltered in October. Against the backdrop of a very strong September, this is surprising. However, based on years gone by, we do expect November and December to be excellent months for home sellers.

Sales Values:

In October, it was home buyers that got the upper hand. Home buyers were able to push for noteworthy discounts. On average, home buyers paid $364,804 which is equal to 3% LESS than this time last year. It should be stressed that this pattern is not common. In general home values, particularly for single family homes, have remained robust throughout 2018. 

Numbers Sold:

Sales volume was also down. In October this year 813 homes were sold down by 196 units for October 2017. Was it weather

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Have you reached that stage in life where it makes sense to sell your family home and move into a condo?

Perhaps you want to wait a bit longer?

Based on a set of unique circumstances you might want to look at a move right now. Why?

1.  In metro Edmonton, single family homes are selling for 1% MORE than this time last year. And in the last 3 months of the year home sales values go UP.

2.  In metro Edmonton, condo sales values are 4% DOWN when compared to this time last year and there is a ton of choice.

So, there you have it. This is your opportunity!

Sell your family home for full market value.

Buy a condo and get a BIG DISCOUNT.

To view a selection of ALL condos available for downsizers click on this link: Condos for

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If your home has been on the market for a while you maybe under some pressure to lower the asking price. Perhaps you have been resisting this measure and its completely normal to feel this way. No one likes giving away their money. Before you accept a lower asking price, make sure you fine tune these areas of your ‘value proposition’ first:

1.  Adjust Your Possession Date

Can you move out quickly? If so, you must offer immediate possession. This is something that often attracts the best quality buyers who are in a hurry to move in. If you are currently offering a ‘traditional’ 30, 60 or even 90 days possession change it now.

2.  Terms

Have you included your appliances and window coverings as part of the package? You should. Buyers covet

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