Market Report February 2010

Most of you will follow the TV news reports and see more interesting things happening on the world stage. The tragedy in Haiti is one that you will never forget, but it will move to the backburner when other major events happen around the world. It is sad, but reality

Regarding Real Estate my opinion has not changed from when I wrote my last market report.

The market is out of balance and through media and politics people try to get things under control.

We the pubic are getting manipulated in a big way.

This is to prevent more damage from happening.

It is not a time to think doom and gloom but a time to prepare and take action when possible

Look at the numbers form reliable resources, that can’t change as fast as they want us to believe.

What can YOU do:

First thing is to take a look at the future, analyze the problem and see what is wrong, and see where you as a buyer or seller can make positive change for yourself.

In my opinion we will see a correction of the market in the near future.

Due to the massive print of money, we have delayed the correction, which could be bigger than before.

If this does not happen and you have acted like it would, you can only gain.

Overall:

If you are in the market to buy or sell, do a very good market analysis, know what is selling, for what price and why. Then act on it. Interest is currently very low, great .Make sure you can afford the long haul of your mortgage, so you are not working for your lender in the long run

When you are expecting the market to be very volatile .We can help you establish a good market analysis and get a good price negotiated. Having a loyal good party on by your side is the best investment you can make.

We are just a phone call away!

 Phone: 403-318-2252
Fax: 403-356-0018

Market Report May 2010

 As I write my opinion about the market and what lies ahead of us, summer is fast approaching,

The Market currently has many highs and lows.

The last few months saw an uprising in the housing market, but very minor.

Also some more jobs were lost nationwide.

When we look at the current market, the bottom end of the market is holding, as people move from rental to purchase.

The further you go up the ladder the slower the market is.

Buyers:

For buyers it is a good idea to keep an eye on deals out there.

We could see more distress sales in the future, and more sellers that want to get out of their home.

But: Buyer beware, buying a home low doesn’t mean it’s a good deal. There is more for sale. TAKE YOUR TIME.

Ask professional advice, it’s worth it!

Sellers:

The market is very volatile.

When the media is telling you the recession is over, it doesn’t mean that its business as usual.

The market has changed and we could easily see another change in the future.

When you have to sell; find your market, sell and move on.

The price you have in mind has to match that from the buyer.

Good advice is sometimes NOT, what you want to hear.

Overpricing in a buyers market is killing your sale.

When you would like to know what our advice is for your future real estate transaction,

Call 403-318-2252

Quote:

Follow the market and you will always be a step behind.

Market report June 2010

Today, the bank of Canada raised it interest to 0.5 %.

Thism, to cool down the economy and slow down inflation.

Europe is still moving down, and behind the scene, more problems are hiding.

Real estate is still good, and prices are not changing much,…

*Commercial real estate is under pressure.  There is too much development land, and developers trying to get out of there high priced projects.  This is a good time to get prime locations for a good deal.

*Rural land is still in demand and should come down, but owners are waiting to see what others do.

When you have bare farm land it should be fairly easy to sell when it’s priced right.

*Acreages are moving this spring, but the price should reflect the realistic value.

The market is depending on what banks are willing to borrow on these properties.

The best time, selling acreages is usually in spring and begin of the summer.

*Homes in town are not selling as fast as was expected. Prices are reduced to what the market wants to pay.  This is not a good time to over price, as this will scare potential buyers.

*For the future, we expect a change in the market.

The Alberta economy is based on oil and gas, and the current prices will keep this sector going.  

World wide the expectations are high, and hope for quick recovery. 

Our expectation is that the current spending is not sustainable. As soon as this will catch up, we could see a drop in the markets, with fewer options to stop this drop. This will affect countries world wide, some more some less. As a resource country we will be better of.

When you are an optimist, you can take advantage of this market,.

Be prepared to buy when the opportunity is there.

Each downturn will have winners and losers. By looking at the opportunities, you can turn the future in a bright future!!

Let us know were we can help your real estate needs.

Jac. Theelen

Realty Ltd.

403 318 2252

theelen@xplornet.com

We are just a phone call away!

 Phone: 403-318-2252
Fax: 403-356-0018
theelen@xplornet.com

JAC THEELEN

Realty Ltd.

 Market Report July 2010

Today is 2010-07-12

Sorry to be late with this month report, but I find it harder to let you know were I think were heading. The market is making strange moves that don’t make any sense.

 What to do as a Buyer:

The listings are up, so lots of choice. Keep an eye on foreclosures and motivated sellers. Making an offer is free, and if not motivated, there are more options. Having cash or a good pre- approval makes your offer very strong, and can save you money. Sell your own house first unconditional, before you go onto the market. Do your homework and know what has sold lately. We can help you in different ways, call for more information.

What to do as a Seller:

Sales are down. Prices are down, and there is lots of choice.1 in 3 homes are selling.

What to do to get yours gone!

…..Price it right, give an incentive to the person who sells it, and … who buy’s it. Don’t try the market, price what its worth, and go for a quick sale. If you don’t get enough showings or an offer drop the price. Giving a selling bonus, free upgrades, etc. can make the difference.

Were this market going:

When I would know this, I would be a rich man. You have heard that more than ones. World wide there is still a lot of trouble. The economy is still in turmoil and governments are doing what they can to have you spend your money. This keeps the economy going and move troubles to the next day.

Were I can see a problem is when this trick stops, and we are further in debt then we were 2 years ago when the house of cards start falling. Our biggest trading partner and neighbour, the US is still in trouble and will be for a wile. Too much is built on air.

Were I can see a problem is when this trick stops, and we are further in debt then we were 2 years ago when the house of cards start falling. Our biggest trading partner and neighbour, the US is still in trouble and will be for a wile. Too much is built on air.

All over the world there was too much spending and not enough saving. The economy world wide is sliding back into stand still, which could lead to a second recession.

When that happens there is no options of lower interest rates, or print more money to throw at it. This could result in a larger and deeper recession, and more inflation.

As there will be fewer buyers with cash, it could mean better deals for those with cash, and less options to borrow. Holding real estate is in the long run always good, if you bought it for the right price. It gives security and can save money in the long run. When you want to switch for other real estate or investment, there are great buy’s out there.

Don’t go over thin ice, keep a open mind

When you like some help for your future real estate transaction,

Call   403 318 2252.

Quote:

When you work hard, you make mistakes, when you work less, you make fewer. I know people who never make a mistake

Market Report August 2010

Buyers,

Take your time.

The real estate market can very well take another drop in the next couple of month.

We expect that this fall we will see a reduction in prices for homes in town and in the country.

When you are looking for your future home, look for willing seller, and do your home work. It can save you’re a lot of money.

For rural real estate, were the house is a mayor part of the real estate, expect also major reductions. Al lot of real estate is longer on the market and is marketed via different channels.

Professional advice will pay for itself,( and more).

Land prices are level and we can see in the long run a drop as it is impossible to borrow if the property has to pay for itself.

This will be different if you own already more land.

Sellers

As we have said in the month before, when selling in a buyers market, make sure you price it bang on.

Have your property ready, keep it ready for showing at any time.

Be prepared to deal with an offer in a short time frame, as buyers have most of the time lots to choose from.

When you get an offer seek professional advice.

We can help you every step of the way, and just a call away.

Overall:

Expect further reductions in the months ahead, and a very slow market, few buyers, lots of sellers.

Better 1 offer in your hand than the promise of 10 

Let us know were we can help your real estate needs.

Jac Theelen

Realty Ltd.

403 318 2252