What does non-disclosure mean!?

There has been much talk recently of how SELLERS have the ability now to not disclose to the public the existence of accepted offers until they become a firm sale. I wanted to take a moment to explain what this means for you:

Buyers, you have the right to be informed by your agent of this new rule prior to viewing any homes with your agent.  Your agent MUST ask for your instructions if you would like them to view them.

If the homes are conditionally sold and not being disclosed or the sellers agent is not able to tell your agent if there are any accepted offers, YOU have a choice of 1) Not to view the conditionally sold/non-disclosure homes 2) View the conditionally sold/non-disclosure homes regardless.

Unfortunately, this means that if you view a conditionally sold/non-disclosure home you may love it and not be able to buy it. On the other hand, if you do see the home and it comes back on the market you will be able to quickly react and put in an offer (if you have chosen not to present a back up offer).

Of the six fiduciary duties your agent has to you, two are very relevant in this scenario. One is full disclosure – you have the right as a buyer to have your agent fully disclose to you how our industry works, what our rules and processes are and how they affect you. The second is lawful instructions – your agent MUST ask and follow your lawful instructions when viewing conditionally sold/non-disclosure homes.

As a seller, the choice is yours as to whether you want to inform the public and agents, or just agents if your home is conditionally sold. Your agent MUST ask for your lawful instructions in this scenario and it must be asked on an offer by offer basis.

Reasons you may want to disclose is to discontinue showings on your home since this can be a large inconvenience to your lifestyle.

Reasons you may not want to disclose is you can lose out on valuable marketing time, you may turn away or lose other potential buyers and if the conditional sale falls apart it could stigmatize your home to other buyers. As well, non-disclosure will result in you knowing where other offers are if the conditional offer tries to renegotiate or not complete.

The decision of non-disclosure needs to be made based on what is in YOUR best interests.  Selling your home SHOULD be all about you and your needs. How this will effect your agents reputation with their peers or if it may upset buyers because they lost out on buying your home should not be a factor.

Loyalty becomes a very relevant fiduciary duty of your agent in this scenario.  This means your interest comes above all else, including his/her own. Agents also have the duty to provide you with full disclosure and to follow your lawful instructions. This means that they give you all the information, inform you the choice is YOURS and then follow whatever instructions you give them.

There is no right or wrong answer here for a buyer or a seller.  You need to think about what is right for you and go forward to your agent with that instruction.  I hope this helps clarify what your rights are and how to proceed. Happy real estate!!!

Importance of a Mortgage Pre-Approval

Getting a pre-approval by a mortgage lender is incredibly important before searching for your next home!

Here are four reasons why getting a pre-approval letter is a good idea.

By Marcie Geffner www.realtor.com

Most home buyers know they should get a mortgage pre-approval letter from a lender before they begin seriously shopping for a home. But the reasons for this advice aren’t always clear, and buyers sometimes are dismayed by the amount of paperwork involved. Here is some of the reasoning behind the advice:

1. A pre-approval letter is more reliable than a pre-qualification letter. Getting a pre-qualification letter is easy. You just call a mortgage broker or lender, provide some basic financial information, then wait a few minutes for the letter to come through your fax machine. Getting a “pre-qual” from a Web site is just as easy. Enter some information, click “submit” and voilà. A pre-approval letter, on the other hand, involves verification of the information. Rather than taking your word on faith, the lender will ask for documentation to confirm your employment, the source of your down payment and other aspects of your financial circumstances. Granted, a pre-approval is more time-consuming (and possibly more stressful) than a pre-qualification The additional due diligence is exactly why the pre-approval carries more weight.

2. You’ll know how much money you can qualify to borrow. Most home buyers have a rough idea of how much they would feel comfortable paying every month on their mortgage. However, there’s no quick-and-dirty way to translate that monthly payment into a specific maximum mortgage amount because other factors — down payment percentage, mortgage insurance, property taxes, adjustable interest rates and so on — are part of the calculation. And, you might not be qualified to borrow as much as you think you should be able to borrow, depending on your income, your debts and your credit history.

3. You’ll have more leverage in negotiations with the seller. Sellers often prefer to negotiate with pre-approved buyers because the sellers know such buyers are financially qualified to obtain the financing they need to close the transaction. A pre-approval letter is an especially favorable point in a close multiple offer situation. And, you might feel more confident about making an offer with a pre-approval letter in hand and the knowledge that you’ll be able to obtain a mortgage.

4. A few caveats: Pre-approval letters aren’t binding on the lender, are subject to an appraisal of the home you want to purchase and are time-sensitive. If your financial situation changes (e.g., you lose your job, lease a car or run up credit-card bills), interest rates rise or a specified expiration date passes, the lender will review your situation and recalculate your maximum mortgage amount accordingly.

Real Estate Charlie’s Angels

Having a little fun while taking team photos!

Having a little fun while taking team photos!

Which Season is the Best time to Sell a Home!?

Change Of Seasons
Talk to any real estate agent, and they will tell you that there are certain seasons that are more favourable to sell your home than others. Often, the best time to list and sell a single family detached home is in the spring, followed by early to mid fall.

Most families want to make the purchase of their home and complete the transaction before the summer months, when the kids and family are on summer vacation. Parents are keenly aware that school registrations need to be dealt with — and who wants to be loading a moving truck in the middle of August?

Sensibly, spring also offers the best time of year to showcase your home. After a long winter, the first hints of cherry blossoms and crocuses seem to trigger the “moving bug” in many people. Gardens tend to look their best in fresh bloom, when the leaves are on the trees. Homes appear more appealing when the weather is warming up and buyers tend to be in high spirits.

It’s also usually easier to get your home ready for sale at this time of year — from painting inside or out, to the simple ability to keep the house cleaner without the winter muck being traipsed throughout every time someone walks through the front door. Just remember, when you sell at the busiest time of the year you will face more competition, so make sure your home shows at its best!

If you’re selling anything over a certain price (and that depends on where you live — but we’ll say anything in the top 20% price range of your community), expect the summer months to be particularly slow. Expensive homes require buyers with big pockets — and where are they in the summer? Most likely away on vacation, not looking for a home….so that’s where the early to mid fall selling season comes in.

Fall is considered the next best time to list your home on the market– especially if it’s a nice long Indian summer. Linked to the “back to school” mentality, with the leaves turning fabulous colors and nice cool crisp temperatures, you’ll have another good shot at selling a family home — often to someone who’s already in your neighbourhood. That being said, be prepared to keep up that curbside appeal as the weather changes.

Some properties will sell at any time of year — such as those aimed at first time home owners, especially condominiums and town homes. Often these buyers are not faced with the constraints of school catchments, and are much more interested in amenities like underground parking, recreation facilities and the nearest coffee shop. These buyers are happy to shop at any time of year, so sales will often be a bit steadier throughout.

Vacation properties always do their best in the spring and summer months, because that is when buyers visit these destinations. They benefit from the fact that vacationers will actually be where these listings are, and not just looking at pictures online or in a brochure. It’s also hard to imagine water skiing when the temperature is hovering at zero and the cottage for sale has had the water and power shut off for the season.

Having said this, there really is no wrong time to list your home, because if you price your home right, and make every effort to present it in a superior way, chances are you will sell your property in a timely manner. However, if you find that you have to list in December because of a change in career or what have you, remember to be realistic. The holidays in particular can be the hardest time to sell, when everyone’s minds are on other things. Don’t be frustrated though — you never know. After all, one of my listings sold last year on Christmas Eve.

Original Source: http://www.hgtv.ca/urbansuburban/article/which-season-is-the-best-time-to-sell-a-home/

Signing a listing agreement

Signing the listing agreement officially gives your REALTOR® the green light to start selling your home. 

The “Listing Agreement” authorizes your REALTOR® brokerage to market and sell your home. This agreement serves three purposes:

  1. It defines your relationship, including the limits of your REALTOR®’s authority.
  2. It provides detailed information about your home which can be placed on a real estate Board’s MLS® System to help potential buyers find you.
  3. It forms the basis for drafting offers on your home.

Highlights of the Listing Agreement

  • Authority

    This describes the legal relationship between you and the real estate brokerage, and sets a time limit for the REALTOR® to sell your home.

  • Exclusive or Multiple Listing Service®?

    “Exclusive Listing” means that only your brokerage can find a buyer for your home. REALTORS® generally recommend a “Multiple Listing”, which allows them to put your home on a real estate Board’s MLS® System – a great tool to market your home and help find a buyer.

  • Price

    You have the final say over this magic number, but your REALTOR® will have very useful advice on what price will attract buyers.

  • Real estate commission

    This may be a flat fee or a percentage of the final sale price. The compensation is agreed upon between you and the individual brokerage.

  • A physical description of your property

    Your REALTOR® will itemize the lot size, your home’s age, the style of construction, number and size of the rooms, and any outstanding selling features such as “backs onto ravine” or “fabulous kitchen renovation”.

  • Legal information

    This includes the lot number, land surveys and the zoning code.

  • Completion date

    This lets everybody know how long you need to move out once your home is sold. 60 or 90 days is typical, but if you can be flexible this may help sell your home faster. You will also see “negotiable” a lot, meaning the seller is up to a negotiation on a potential possession date.

  • How the home will be shown

    Your REALTOR® can make the arrangements for viewing appointments. Any specific instructions, such as “make sure the cat stays in” can also be noted.

  • What exactly is included in the price? Chattels and fixtures

    Chattels are moveable items like washers and dryers, microwaves and window blinds. They’re not automatically included in the sale, but sellers will often include them to sweeten the deal.

    Fixtures are permanent improvements to a property like central air conditioning, installed lighting and wall-to-wall carpeting. Fixtures are assumed to be included in the sale of the home unless you note otherwise. Maybe the dining room chandelier is family heirloom that you wish to take with you. The line between chattel and fixture can get blurry, so go over every item with your REALTOR®.

The Home Buying Process

Starting Your Search

Here are some ways to begin looking for your new home:
Word-of-mouth: Tell everyone you know that you are looking for a new home. Surprising things sometimes happen. For example, you might hear about a home that is just becoming available on the market.
Newspapers and real estate magazines: Check the new homes section in daily newspapers. Look for the free real estate magazines available at news-stands, convenience stores and other outlets. These publications are free and give pictures and short descriptions of homes for sale.
The Internet: Check out real estate websites, such as realtor.ca. These websites give information and pictures of a wide range of properties. Most sites let you search by location, price, number of bedrooms, and other features.
“For Sale” signs: Drive, bike or walk around a neighbourhood that interests you and look for “For Sale” signs. This is a good way to find homes that are being sold by the owner and are not listed with an agent.
Visit new development sites: If you are looking for a newly built home, you can see available models and get information from builders.
Work with a realtor: For most buyers, a realtor is key to finding the right home.

Useful Tips for Your Search:
Keep records: Whether you have a realtor or are looking by yourself, visit lots of homes before choosing one. Some things to compare are the home’s energy rating, utility costs, property taxes and major repairs. These will affect your monthly housing expenses. You can ask to see copies of utility and other bills. Use the CMHC Home Hunting Comparison Worksheet to make sure you get all the information you need to compare homes.
Check out the property’s current financing: If the existing mortgage on the home is favourable, it may be possible to take it over from the vendor. It may even be possible to get a vendor take back mortgage, to help close the deal.
Think twice: Even if a home seems perfect, go back and take a closer, more critical look at it. Visit it on different days and different times of the day. Chat with the neighbours. Look deeper — don’t be distracted by attractive surface details. Energy Rating Some houses and new homes in Canada have an
Energy Rating: that describes the energy efficiency of the home. An energy-rated home usually has a sticker with the rating on the electrical panel. The energy rating is on a 0 – 100 scale. The higher the rating, the more energy-efficient is the home, and the less it costs to operate.
CMHC statistics and analysis: CMHC has the latest statistical information and analysis of housing trends. Our Market Analysis Centre tracks information for local, provincial and national markets.

Making an Offer to Purchase

After you have found the home you want to buy, you need to give the vendor an Offer to Purchase (sometimes called an Agreement of Purchase and Sale). It is very helpful to work with a realtor (and/or a lawyer/notary) to prepare your offer. The Offer to Purchase is a legal document and should be carefully prepared. These items are typically included:

  • Names: Your legal name, the name of the vendor and the legal civic address of the property.
  • Price: The price you are offering to pay.
  • Things included: Any items in or around the home that you think are included in the sale should be specifically stated in your offer. Some examples might be window coverings and appliances.
  • Amount of your deposit
  • The closing day: The closing day is the date you take possession of the home. It is usually 30 – 60 days after the date of agreement. But, it can be 90 days, or even longer.
  • Request for a current land survey of the property
  • Date the offer expires: After this date the offer becomes null and void — that means it’s no longer valid.
  • Other conditions: Other conditions may include a satisfactory home inspection report, a property appraisal, and lender approval of mortgage financing. This means that the contract will become final only when the conditions are met.

What Happens After You Make an Offer to Purchase?

Imagine that your realtor has helped you prepare an Offer to Purchase. This offer includes all the details of the sale. To be extra cautious (since you know an Offer to Purchase is legally binding) ask your lawyer to look at it before showing it to the vendor. The realtor presents the offer to the vendor. What can you expect to happen next? There are three possible responses:

  • Response 1: The vendor accepts your offer. The deal is concluded and you move on to the next steps in the buying process.
  • Response 2: The vendor makes a counter-offer. The counter-offer might ask for a higher price, or different terms. You can sign the offer back to the vendor, offering a higher price than your original offer, but lower than the vendor’s counter-offer. If the vender accepts this counter-offer, the deal is concluded.
  • Response 3: The vendor makes a counter-offer, asking for a higher price or different terms. If a counter-offer is returned to you at a higher price, ensure that you know exactly how much you can afford before you start negotiating. You don’t want to get caught up in the heat of the moment with costs you can’t afford. You reject the counter-offer because the price is still too high, or you can’t agree to the conditions. The sale doesn’t go through, and your deposit is returned.

Getting a Mortgage:

Once your Offer to Purchase has been accepted, go to see your lender. Your lender will verify (and update, if necessary) your financial information and put together what’s needed to complete the mortgage application. Your lender may ask you to get a property appraisal, a land survey, or both. You may also be asked to get title insurance. Your lender will tell you about the various types of mortgages, terms, interest rates, amortization periods and, payment schedules available. Depending on your down payment, you may have a conventional mortgage or a high-ratio mortgage.

Types of Mortgages

Conventional Mortgage: A conventional mortgage is a mortgage loan that is equal to, or less than, 80% of the lending value of the property. The lending value is the property’s purchase price or market value — whichever is less. For a conventional mortgage, the down payment is at least 20% of the purchase price or market value.
High-ratio Mortgage: If your down payment is less than 20% of the home price, you will typically need a high-ratio mortgage. A high-ratio mortgage usually requires mortgage loan insurance. CMHC is a major provider of mortgage loan insurance. Your lender may add the mortgage loan insurance premium to your mortgage or ask you to pay it in full upon closing.

Mortgage Term

Your lender will tell you about the term options for the mortgage. The term is the length of time that the mortgage contract conditions, including interest rate, will be fixed. The term can be from six months up to ten years. A longer term (for example, five years) lets you plan ahead. It also protects you from interest rate increases. Think carefully about the term that you want, and don’t be afraid to ask your lender to figure out the differences between a one, two, five-year (or longer) term mortgage.

Mortgage Interest Rates

Mortgage interest rates are fixed, variable or adjustable.

  • Fixed Mortgage Interest Rate: A fixed mortgage interest rate is a locked-in rate that will not increase for the term of the mortgage.
  • Variable Mortgage Interest Rate: A variable rate fluctuates based on market conditions. The mortgage payment remains unchanged.
  • Adjustable Mortgage Interest Rate: With an adjustable rate, both the interest rate and the mortgage payment vary, based on market conditions.

Open or Closed Mortgage

Closed Mortgage: A closed mortgage cannot be paid off, in whole or in part, before the end of its term. With a closed mortgage you must make only your monthly payments — you cannot pay more than the agreed payment.A closed mortgage is a good choice if you’d like to have a fixed monthly payment. With it you can carefully plan your monthly expenses. But, a closed mortgage is not flexible. There are often penalties, or restrictive conditions, if you want to pay an additional amount. A closed mortgage may be a poor choice if you decide to move before the end of the term, or if you want to benefit from a decrease of interest rates.
Open Mortgage: An open mortgage is flexible. That means that you can usually pay off part of it, or the entire amount at any time without penalty. An open mortgage can be a good choice if you plan to sell your home in the near future. It can also be a good choice if you want to pay off a large sum of your mortgage loan. Most lenders let you convert an open mortgage to a closed mortgage at any time, although you may have to pay a small fee.


Amortization is the length of time the entire mortgage debt will be repaid. Many mortgages are amortized over 25 years, but longer periods are available. The longer the amortization, the lower your scheduled mortgage payments, but the more interest you pay in the long run. If each mortgage term is five years, and the mortgage is amortized over 20 years, you will have to renegotiate the mortgage four times (every five years).
Payment Schedule

A mortgage loan is repaid in regular payments — monthly, biweekly or weekly. More frequent payment schedules (for example weekly) can save some interest costs by reducing the outstanding principal balance more quickly. The more payments you make in a year, the lower the overall interest you have to pay on your mortgage.

Closing Day

Closing day is the day when you finally take legal possession and get to call the house your home. The final signing usually happens at the lawyer or notary’s office. These are the things that happen on closing day:

  • Your lender will give the mortgage money to your lawyer/notary.
  • You must give the down payment (minus the deposit) to your lawyer/notary. You must also give the remaining closing costs.
  • Your lawyer/notary Pays the vendor, registers the home in your name, gives you the deed and the keys to your new home.

Hiring a Mover:
When planning your move, friends or relatives may be able to recommend a professional moving company. Don’t forget to ask the mover for references. Ask the mover for an estimate and outline of fees (do they charge a flat rate or hourly fee?). Once you’ve chosen a mover, ask them to come to your home to see what will be moved in case the estimate needs to be changed. You’ll want to ensure that your belongings are insured during the move. Your home or property insurance may cover goods in transit. Call your broker or insurance company to be sure. Ask if you are fully covered. Many moving companies offer additional insurance coverage. Be aware that professional movers are not responsible for items such as jewellery, money, or important papers. Move these yourself to keep them safe. If you decide to do your own packing, keep in mind that you will need the proper materials, and that packing can take up a lot of time.

Moving Day
On moving day, go through the house with the van supervisor and give him (or her) any special instructions. The supervisor will note the condition of your goods on an inventory list. Go through the house with the supervisor to make sure the list is complete and accurate. When the van arrives at your new home, mark off the items on the mover’s list as they are unloaded. If you paid for the movers to unpack boxes and remove packing materials, remember that they will not put dishes or linens into cupboards. Moving day is almost always tiring. But, planning ahead will make the transition as smooth as possible.
Moving Costs: The amount you spend depends on your decisions about many things. Here are some to think about:

  • Do you want to hire professional movers?
  • If so, will it be a large company or a smaller local moving company?
  • Will you need to buy insurance to protect your items in transit?
  • If you plan to move yourself, will you rent a vehicle?
  • Will your current auto or home insurance policy cover your items during the move?
  • Will you have to pay utility companies a fee to connect their services in your new home? Are there other utility charges (such as a deposit)?

Post-Closing Costs
Changing the Locks: When you move into your new home you’ll want to change the exterior door locks for security. After all, you want only the people you choose to have the key to your new home. You can change the locks yourself or call a locksmith to do the job.
Cleaning: Both your old home and your new home should be given a thorough cleaning at moving time. Whether you’re buying cleaning supplies and doing it yourself, or hiring someone to clean for you, the costs can really add up. Plan for this expense.
Decorating: You might want to re-paint, replace some light fixtures, refinish the floor, re-carpet, or do any number of other decorating tasks. Plan your budget, and consider postponing some projects for a period of time.
Appliances: If your offer to purchase didn’t include appliances, and if you don’t have your own, you will have to buy them when you move into your new home. Some appliances might have installation charges.
Tools and Equipment: When you own your own home, you can no longer call the landlord to do repairs. You’ll need to own some basic hand tools and possibly some gardening and snow clearing equipment.


Happier Home Decor

Happier Home Decor

Have a happy New Year! No, really – make 2014, and the years to follow, more happy and less stressful for you (and other members of your household) by resolving to make some changes for the better where your home’s interior is concerned.

    • Get a better night’s sleep. Do you have a TV or computer in your bedroom? If so, it needs to go – screens and sleep don’t mix. What about exercise equipment? The bedroom is no place for that either. The only things that should be in your bedroom are those that contribute to an atmosphere of serenity. Outfit your bedroom windows with light-blocking drapes; ditch the synthetic sheets (which are chemically treated) in favor of a set that’s made with natural fibers; and introduce a good air purifier into your bedroom.
    • Lighten up. Blackout curtains are great for sleeping, but darkness during the day often makes us feel lethargic and depressed. Natural light is the cure for a gloomy mood, so open your window treatments during the day to let in the light and the sun. The yellow dullness of regular incandescent and fluorescents light bulbs makes for a dreary interior and can contribute to low-grade stress; adding even one full-spectrum light bulb to a room can really brighten it up. Used in the treatment of seasonal affective disorder, full-spectrum bulbs mimic natural light.
    • Clear away the clutter. In addition to posing some practical problems, such as making it more difficult to quickly find what you’re looking for and (in extreme cases) to navigate through your home, clutter has been associated with a host of negative psychological effects. Stress is the most obvious, but living in a cluttered environment can also engender feelings of lethargy, shame, hopelessness, and loss of control over one’s life (effects that can be felt by anyone in the home). As well, it can have a negative impact on one’s social life.
    • Create an in-home retreat. How about a spa-inspired bathroom in which you can rejuvenate? Think raindrop showerheads; accessories that can turn your regular bathtub into a whirlpool; towel warmers; heated flooring; super-soft, high-quality towels; plants; aromatherapy candles; and music. Or perhaps you’d like a sumptuous bedroom sanctuary where you can relax? Comfort is king (-size): upgrade your bed and pillows (most people are sleeping on ones that are well past their prime); introduce bedroom furniture for lounging; and incorporate luxurious, textured fabrics and mood lighting.
  • Harness the power of paint. Neutral walls are ideal for when you’ve decided to sell your home, but while you’re still living in it, why not use color to help shape your mood? Active hues – reds, oranges, and yellows – are energizing and cheering, making them ideal for social spaces such as kitchens and living and dining rooms, as well as for exercise rooms and home offices. Passive hues – blues, greens, and purples – have a calming, relaxing effect (particularly when soft shades are used), making them perfectly suited for bedrooms and bathrooms.

HOW TO: Minimize Heating Bills


by JESSICA CAMERON for CREBNOW.com on JAN 12, 2014

How to keep your heating bill down

How to keep your heating bill down

The winter months are here, and with that comes a drop in the temperature resulting in what could be a costly heating bill.

It can be quite the conflict on whether to dial down the thermostat, or keep a toasty temperature and have a hefty bill come in the mail. In order to save a few dollars here are a few ways to keep a warm home and money in the bank.

Free ways to keep the heating bill down:
1. Throw on an extra sweater or blanket, and turn down the thermostat by a couple degrees.
2. Check the furnace filter on a regular basis; it will keep the furnace running properly.
3. Avoid heating rooms that aren’t being used by closing the door.
4. Use a wood-burning fireplace.
5. Open the blinds on sunny days to let heat in, and keep them closed at night to keep heat in.
6. Try not to use space heaters, they will run up the electrical bill, and pose the threat of fires.

Inexpensive ways to keep the heating bill down:
1. Put a throw rug on the floor, it will help insulate the floors.
2. Buy a programmable thermostat, and set it to a lower temperature when no one is home and at night.
3. Make sure the right amount of insulation is installed.
4. Winterize windows by putting a plastic film over the window.
5. Install weather-stripping to the doors and windows that are letting in the cold air.

Long-term investments to keep the heating bill down:
1. Replace windows and doors.
2. Purchase a new furnace.
3. Get the ducts looked at, and fix if necessary.

Once in a while the inevitable has to be faced, and a more expensive option is the best one to go with. In the long run the investment will give a return, sometimes money has to be spent to save money. Try out some of these tips to keep the heat inside, the cold outside and money in the bank.

– See here

Calgary Real Estate Update

Calgary Weekly Real Estate Update

2417 homes for sale in metro Calgary
919 homes sold in the last 30 days
2.63 months worth of inventory
38% of the homes statistically to sell in the next 30 days
Market Conditions: Balanced
Average List Price : $472,278
Average Sale Price : $460,606
Average days on market : 51
Average list to sale price ratio : 97.5%

These statistics are based on activity over the last 30 days. Although this is showing our market slowing down, this is reflecting a slow down over the month of December. The current activity is far from that of a balanced market. Homes are now starting to sell even faster than they were prior to Christmas. Inventory is extremely tight. If you are a buyer looking for a home right now you need to be very diligent when new homes come on the market. View them quickly and if the home suits your criteria, act quickly with an offer. Do not be surprised if you are competing against other buyers.

Sellers need to be still realistic but can press the market for higher values. Or, sellers can be strategic in pricing lower seeking out competing offer situations to press the value higher than what they are asking. Although competing offers can happen organically, agents need to ensure to be diligent in verification that no other offers are in the wings. This is the true art form and skill that great agents provide.

Edmonton Real Estate Update

Edmonton Weekly Real Estate Update

2647 homes for sale in metro Edmonton
401 homes sold in the last 30 days
6.60 months worth of inventory
Market conditions : Buyers
15% of the homes statistically to sell in the next 30 days
Average List Price : $354,537
Average Sale Price : $343,809
Average days on market : 65
Average list to sale price ratio : 97%