Market Report: December 2008

How to stay optimistic!
We expect an overall drop of the market, as buyers are keeping their wallet closed.
We represent buyers and sellers who like to make thinks happen.

 

Why, and what you can do, is something to read below.

 

• Real Estate in Red Deer Alberta, and Canada.
• What can you do to position yourself, in this global crisis.
• Information for your house in town, or your intensive or commodity farm.

We were in the Netherlands, with our own booth on a tradeshow, built around clients who want to leave the country to work and live abroad. Emigraria 2008.

The overall feeling was that we are in for big trouble.
The symposium “ Global Crisis” was not well attended but had some good discussion. Being informed will keep you ahead of the crowd. The second speaker was very well informed.
You can live in empathy or can try to get the best out of it.

Here some tips:
 

1.When you have currently loans or a mortgage, you have a credit rating.
1. You can get a better rating, by making sure that everything is paid on time. You can demand this too from your clients.
2. Give your financial institution heads up how you operate, and when you foresee a difficulty. Together you can make changes to weather the storm.
3. Try to free up money by selling equipment you don’t need year round. You can rent or lease, and inject so money back into your business.
4. Privately, or business: Take a good look at what is necessary and what is luxury. Back to basics can save you lots of money.

 

2.When you are planning to buy real estate, CASH IS KING.
1. The more you can put down as a down payment the better your offer will be.
2. A credit provider will rate you better, with less risk, so you get a better rate.
3. Seek professional help, as making a mistake, can cost you lots. Paying more than the market can bear is buying for a long time.
4. We can give you an idea what the statistics are, and where we maybe going (sorry, no crystal ball on hand)
5. Making an offer can’t hurt; we need you to make things happen.
6. A good deal is only when all involved party’s are happy. This is not always the highest!

 

3.When you want to sell:
1. Have your property market ready
2. Have a good marketing
3. Be sure you priced it good, it’s not the time to play your buyers
4. Keep your options open, better a lower unconditional offer.
5. This is the time to seek professional help.

 

4.The time of cheap fuel could be soon over. When you count on higher fuel prices it can’t get you into trouble.
When you plan to invest some money into your property think about:
- Insulation
- Upgrades in your heating system or
- Electrical system
This money will save in the long run.
 

When you are planning to
Buy or sell
Know your market
Being informed can make you lots of money.

Sometimes the news is sad.
But, not knowing, is worse.
We are working to make you lots of money.

Please contact us:
Jac Theelen Realty Ltd.
Phone: 403-318-2252
Fax: 403-356-0018