March 2020

Found 15 blog entries for March 2020.

204 homes sold over the last week. During the Covid 19 health crisis its especially important that you watch for the latest trends as our market reacts to the crisis. Each week we will publish a market report for each of the main metro Edmonton markets for your review.

Here is the report for week ending March 27, 2020

Community

# Homes Sold

Days on Market

Average Price Paid

Edmonton

168

61

$340,705

St Albert

18

48

$371,202

Sherwood Park

18

55

$391,658

For more details and specific information about the communities that interest you, please call the office at 780-760-2014 or

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Situation

Charlotte and her partner Michel decided to go their separate ways. In the first instance Charlotte explored buying out her partner, but ultimately, she could not afford to do so given that she had been laid off for most of the summer.

Charlotte decided to list with a local traditional REALTOR®that she already knew, liked and trusted. This is how many home sellers pick their REALTOR®. Unfortunately, most individual REALTORS® are not very effective as selling homes. In the past year most REALTORS® sell LESS than 50% of the homes they represent for sale.

She did not receive very much in the way of advice from her REALTOR® or interest from the market. After several months, the listing expired. Charlotte started to look around for a

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The communities of Highlands, Bellevue and Virginia Park continue to press all the right buttons for many home buyers. All 3 communities are known for their eclectic mix of older and new homes, mature trees everywhere and close proximity to the river valley trails, trendy coffee shops, gift shops other quirky stores. 

We are especially pleased to offer this lovely home for sale. To see the details, click on this link Highlands Home for Sale.

To view ALL homes for sale in Highlands, Bellevue and Virginia Park please click on this link: Highlands & Area Homes for Sale

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Marketing a home to potential buyers is most often a tactile experience i.e. potential buyers want to come into the home and ‘try it on for size’. In normal times this is easily achieved by setting up a showing or advertising an Open House and inviting literally everyone in. Alas we no longer live in normal times and until the Corona virus scare is over you will have to be a little more creative.

Here are some suggestions for you:

1. No Open Houses

Your families health is paramount. Open Houses make it virtually impossible to control who comes into your home. Most industry advisories are stating a complete moratorium until further notice.

2. Use the BEST Quality Photos You Can

Pick your REALTOR® carefully. Discount REALTORS® and Purple

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Finding your next home is most often a tactile experience, i.e. you will want to visit most homes to ‘try it on for size’. In normal times this is easily achieved by setting up a showing or going to an Open House. Alas we no longer live in normal times and until the Corona virus scare is over you will have to be a little more creative.

Here are some suggestions for you:

1. Forget About Open Houses

Your families health is paramount. Most industry advisories are stating a complete moratorium until further notice.

2. Look for the BEST Quality Photos You Can

Try to focus on homes that offer you professional photos. This will allow to you to select only the most suitable homes without having to visit.

3.  Look for a Virtual Tour / 3 D

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We are pleased to welcome Sarah into our team of professional advisors. Sarah will be a major asset to our clients. Please feel welcome to reach out to her for all of your home buying needs.

Sarah has worked in the Land Development & Real Estate industry for over 10 years. She has developed a unique set of skills and perspective that she will utilize in the home buying process. Whether you’re a first-time buyer or experienced in the real estate market; Sarah will listen to your needs and help you through every step of the way. Please call or email Sarah today and together you can start the process of getting you into your new home.

About the author:

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

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You may be a brand-new agent or you may have been in the industry for a year or two. In either case your essential challenges are the same. How do you most effectively build your client base and keep costs LOW.

The most basic way to build a client base is to go out to friends and family. Call everyone you know, send them a letter and enclose your business card. For most agents this is not enough to build or sustain a practice. According to the REALTORS® Association 72% of new agents are GONE within 2 years.

So how can you prevent this happening to you?

First make sure you have access to the right tools. For example,”

  1.     A website designed to capture potential clients leads
  2.     An effective and easy to use CRM system (Client
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Understandably many of us may consider that trying to buy a home in the middle of the Coronavirus pandemic would be an unwise move. Whilst I acknowledge that this crisis is real. It must also be kept in perspective. Does anyone remember the SARS outbreak in 2003? Or perhaps H1N1 in 2009? Both were considered to be pandemics and yet they had little effect on our home buying market.

As of Monday March 17th, the death toll from the Coronavirus in Canada was 4 people, according to the National Post.

Based on an article in the National Post, more than 12,000 people go to hospital with the common flue and 3,500 die in Canada every year. And yet we don’t panic about that.

If you are considering buying a home in 2020, this might be the time to do

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Intuitively, getting into real estate in the middle of the Coronavirus pandemic might not seem like a great idea. Ideally you will have your license already. If not, then you have a few months study ahead of you, but that’s OK. The market will still be ready for you.

Here are 3 good reasons why this might just be your moment:

1. The REALTOR® Community Will Be Thinning Out

The market for REALTORS® is crowded. As a new practitioner, one of your many challenges will be to find clients who are not already working with a REALTOR®. The current crisis, combined with the fact that our industry subscriptions are up at the end of March, will encourage many ‘old timers’ and ‘part-timers’ to leave the industry. This will present opportunities to service

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Understandably many of us may consider that trying to sell a home in the middle of the Coronavirus pandemic would be an unwise move. Whilst I acknowledge that this crisis is real. It must also be kept in perspective. Does anyone remember the SARS outbreak in 2003? Or perhaps H1N1 in 2009? Both were considered to be pandemics and yet they had little effect on our home selling market. According to this article in the National Post, more than 12,000 people go to hospital with the common flue and 3,500 die in Canada every year. And yet we don’t panic about that.

If you are considering making a move this might be the time to do it.

Here’s why:

1.  Only most motivated home buyers will be active

These are the folks that need a new home and need

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