March 2019

Found 12 blog entries for March 2019.

Wondering if there’s a market for your home? FYI in Edmonton, from January 1st to when the blog is being written i.e. March 29th, 2019, over 2000 homes have sold, taking on average 71 days to sell.

Perhaps your REALTOR® was pressuring you to reduce the price and you have been resisting. It’s understandable that you would want to avoid a price reduction.

The good news is that it’s possible to change some other elements of your ‘value proposition’ first. Let consider those options.

1.  Adjust Your Possession Date

Can you move out quickly? If so, you should offer immediate possession. But don’t hide this information inside the listing details on the MLS® System. Tell the world by building this into your description. To see examples, click on

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Situation

Luay and his family decided to purchase a business in Ontario. This meant that they needed to sell their home in Summerside on the south side of Edmonton. Luay had purchased the home brand new from the builder and subsequently paid full retail only a few years ago. In our market the first 5 years of owning a brand-new home can be tough because they almost always sell for a discount when compared to their competing new home equivalent. Luay decided to find the least expensive method of advertising the home for sale on the MLS® system and to avoid expensive traditional REALTOR® commissions if he could. Luay purchased a Comfree (now Purple Bricks) program. The home sat unsold for over 6 months. At that point Luay looked around for a smart

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Getting access to listing information is easy these days. A quick Google search and you have found a website that will give you access to almost all of the condo and house listings in the metro Edmonton area. And if you set up a search, you will get new listings pouring into your email box several times a day. 

So Why Is This a Problem?

Everyone can get this information. So what? You might be asking. Why is this a problem? The problem is that you will be competing against all the other buyers out there. Rarely do sellers put their homes on the market at under market value. And if they do, what happens? You will have to act quickly and will almost always be in a multiple offer situation. Your chances of purchasing at a discount are slim.

So

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As our team continues to grow and develop, we are focused on bringing in professionals who offer a range of talents and experience to our clients. George Marshall is a welcome addition to our team.

George comes to Ambergate Realty Advisors with over a decade of experience in many facets of real estate including the residential markets, commercial markets and land development. His focus is now buyer representation and our exclusive new home builder program.

Welcome George Marshall.

You can read more about George and contact him by clicking here.

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 simple flat fee home selling

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As our team continues to grow and develop, we are focused on bringing in professionals who offer a range of talents and experience to our clients. Freda Wiggs is one such person.

Freda came back to Edmonton from Vancouver Island in August 2018. While on the island she was a REALTOR® for 6 years. Many of her clients were downsizing and she naturally progressed to specialize in helping people transition through this crucial part of their lives. Freda has earned her Seniors Real Estate Specialist (SRES) designation.

Welcome Freda Wiggs.

You can read more about Freda and contact her by clicking here.

About the author:

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

Want more

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If you have lived in your home for several decades, the thought of selling and downsizing into a smaller more suitable home can be daunting.

Like most things in life it helps if you can break the problem down into manageable pieces. It also helps if you can start to sort your material possessions into those things that you must keep for practical and emotional reasons, which possessions you could do without, or no longer need etc.

However, trying to do this alone can be emotionally draining and time consuming. Some folks we know never got around to it and subsequently were not successful in downsizing ever. Why not get some help?

Lynn Neufeld has helped many people who are downsizing with the orderly disposal of possessions, de cluttering and

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The community of Nottingham in Sherwood Park continues to be one of the most popular areas for families and downsizers alike. We are particularly pleased to present this our latest home for sale on behalf of Kathryn and Joan. You can read all of the details for 7 Kirklees Place by click on this link: 7 Kirklees Place for sale.

To find details for ALL homes for sale in Sherwood Park at this time please click here: All Sherwood Park Homes for Sale.

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If you are aged 50 or over, you might be thinking about where you want to make your home as you age. For many people, where they live at 65 years of age is where they settle, for as long as they can live independently. Does this sound like your plan?

However, we see many people make a number of choices between the ages of 50 and 65 years of age. Here are some scenarios:

Stay Where You Are

Perhaps your existing home is just right. For most people thinking longer term, this means few stairs, a master bedroom on the main floor and not too big. If your existing home meets your basic criteria and can be modified as you age, we suggest you don’t move. Here’s a link you may find helpful: 3 Ways to Stay in Your Home

Move Up

If finances allow,

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Situation

Mr. Gulati and his wife Mrignayani had decided to move into the home of their daughter and family. Because the market was tougher for home sellers, Mr. Gulati decided to buy the Comfree (Purple Bricks) program because it was so inexpensive relative to what he perceived as his only other option i.e. a traditional full commission REALTOR®.

It did not take too long for Mr. Gulati to realise that there is more to selling a home than listing it on the Edmonton MLS® System. He found that he was simply not in touch with the market, that it was far too time consuming to show the home and when he did, the quality of the buyer prospects paying visits to his former home was not high.

Mr. Gulati started to look around for an alternative service

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Summary:

The big news story here is that excess inventory is no more. There is now LESS inventory for sale than this time last year and days on market remains stable. Unless lots of new condo units come on stream this year, we expect values will start to recover by the end of the year.

Month End Inventory:

Over the last 2 years we have witnessed a large excess of inventory. That situation we appears to have been remedied. At the end of February 2019 there were only 1938 condo units for sale across Edmonton or 564 LESS units than this time last year. If this pattern continues, then the condo market is on the verge of a turnaround in Edmonton.

Numbers Sold:

217 condos sold in February 2019 compared to 247 units last year, a

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