Posts from January 2019

If you’re thinking ahead to your next dream home, the road you need to take to get there may seem confusing. Do you search for listings online? Drop by Open Houses on the weekends? Call the number on For Sale signs? Let’s break it all down! Here are the specific steps you need to take to ensure you find a home that fits your wants, needs and budget.
• Find out how much your current property will likely sell for on today’s market.
• Arrange for financing, so you know what you can afford. • Select neighbourhoods you’d love to live in. (That may involve some fun exploring!)
• Decide on the type of home you want to buy. (For example: detached, three-bedroom, etc.)
• Prioritize the property features you want most, so you can be flexible if a feature is missing from a home listed on the market that is otherwise ideal.
• View properties on the market that closely fit your criteria, particularly new listings that may not yet be posted online. (Tip: Arrange to be immediately notified of new listings that are a good fit for you.)
• When you find a home you want, make an offer designed to get the property — without overpaying.
• Negotiate until you secure the deal. This may involve counter-offers.
• If the negotiation is skillfully done and all goes well, the home is yours. As you can see, there isn’t a lot of mystery in finding your next dream home. You just need to take the steps and get the professional help you need along the way. Looking for a real estate agent that can get you to the finish line? Call today!

Welcome to the new year. I hope 2019 is a wonderful year for you and your family.

December 2018 statistics for the City of Edmonton continue to surprise us. All residential sales were up 2.7% on average year over year and 2% month over month. All product categories are still favoring buyers.

Single family dwellings are up 4.3% year over year and 2.2% November over December. Condominiums are down 15.1% December 2017 over 2018 and down 6.3% month over month. Duplex/Rowhouses are up 1.3% year over year and up only a marginal .3% month over month.

Annual averages have softened in every category as well. All residential is down 1.6%; Single family dwellings down .7%; Condominiums down 5.4% and Duplex/Rowhouse is down 2.4%.

Over the next weeks you will likely be hearing lots of forecasting for 2019. I’ll have a special report next week on the REALTORS(R) Association of Edmonton’s predictions.

No matter what the market, people still need to buy and sell. The greatest opportunities are for the those wanting to upbuy.

Call me for professional representation.