Market Report October 2008

 

 

The market is reacting as we have expected for quite a while.
The market is realizing that the sky is not the limit.

The value of property in urban areas has dropped in the last year quite a bit. We expect that this will keep continue. As overpricing takes it’s toll, we foresee more trouble on the horizon. More than ever seeking advice can pay off big time!!

Selling Urban:

When you are looking to sell you should consider doing this rather sooner than later. Based on facts, you will find that properties, which are overpriced, will not attract many buyers, and will stay on the market. As this could drop, you will find yourself running behind. We can estimate your property and give you a price based on today’s market.

Buying Urban:

When you are in the market to buy, there are lots of opportunities out there. It is good to stay calm in this market, as there is more coming so take your time. Have your purchase evaluated, and consider the market situation. Is your purchase is a one of a kind, or are there more options. We can assist you, at no cost to you. Keep your cost down as interest rates can go up. A solid down payment gets you a good mortgage. Locking in your interest can be a good idea, if you are looking for stabilities.
For information how, please call us at 403-318-2252 (direct line).

 

Selling Rural:

 When you are considering to sell your farm or acreage make sure you know your competition, and most important, where the market is heading. As rural real estate sells less in fall and winter you have a short window left, before your market slows down. As most properties are unique, you want to seek advice before going onto the market. The highest listing price is not the most likely to get you the most money in your pocket.
 We can give you a good advice, base on today’s market.
 Call us for questions or estimate direct at 403-318-2252.
 
 Buying Rural:

 When you are looking for farmland, or acreage, make sure you seek advice before buying, as these properties are mostly unique. There is more and more coming on the market and prices for acreages are coming down.
 Farmland has held its value but there are still overpriced parcels out on the market. As there is not a lot sold, we encourage you to seek advice before going onto this market.
 We are there to help, so give us a call. 403-318-2252(direct line).