A blog cannot deal with all aspects of a subject and is not intended to replace professional advice. It's purpose is to highlight information and identify areas of possible interest. Anyone wishing to discuss this blog or to make any comments or suggestions about this blog is invited to do so by either posting comments or emailing me directly.

 

Is your real estate agent showing you ALL the available properties?

—  feeling annoyed.

In having dealt with hundreds of potential homebuyers, I have only ever had ONE that said they did not wish to see conditionally sold homes that met their home search criteria in addition to home listings that were clearly Active on the market. Only one!

What's the issue? Agents not showing conditionally sold homes hurts both my clients AND their clients.

I clearly understand that as a showing agent under a representation agreement that I need to (should) know going in to the showing with my clients whether or not there is an accepted offer on a home  and I do. However, all my clients value seeing the home to better gauge home value in that neighbourhood. Agents do ask on every single showing request whether or not the property listing is marked Active or Under Contract.

BUT, it is really frustrating to home sellers trying to sell their home when an agent books a home...
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I pulled the current Calgary MLS® System statistics a few moments ago. (Yes, today instead of waiting until tomorrow. Why? Quite a number of listings will expire tonight with it being the end of the month, while many agents typically wait until Monday before entering their new listings into the MLS®.)

 

So, how is the market? Well, for having ended the winter market and coming into the spring market tomorrow, it is quite a bit slower than "normal" — if there is still a "normal" for the Calgary market. The last 10 years have been exceptionally sold with the occasional blip up or down along the way.

 

Here is the breakdown as of 13:00 today:

 

Total Calgary MLS® System within Calgary for residential properties for sale:

  • 5,510 properties available in inventory
  • 1,194 properties marked sold in the last 30 days
  • That makes 4.6 MONTHS of inventory - a really soft BALANCED market

 

DETACHED homes:

  • 2,626 properties available in inventory
  • 714 properties marked...
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There are loads of flooring options available today for the home. But if you’re looking for an inexpensive flooring, especially suited for potentially wet areas such as kitchen or bathrooms, you’re probably going to consider either linoleum or vinyl. Although the terms are often used somewhat interchangeably, the materials are not the same. Historically, the mention of either conjures up images of second-rate products, but both have their applications and a place in many homes. Both linoleum (lino) and vinyl flooring are referred to as “resilient flooring.” Resilient flooring means that if a heavy object were to fall on it, the material wouldn’t necessarily be permanently damaged with a crack or dent. Its shape would be restored somewhat or in full.

 

Linoleum is mostly limited to commercial applications, but not exclusively. Vinyl is found in numerous residential and commercial applications. Both materials are available in sheets and in tiles.

 

...
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Home Sales Improve

November’s housing market was spurred by a rise in sales, particularly in the lower price ranges.

 

Watch CREB® president David P. Brown as he recaps the key influencers that shaped the market in November.

 

To read the full report and monthly stats package, click here. - Source: CREB®

 

 

Source: Used under standard YouTube licence terms.

 

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This is an issue I have been discussing for at least 10 years since discovering it was a leading cause of cancer in many areas of North America. Research had been completed in the U.S. several decades ago with regards to electromagnetic radiation around electricity corridors and towers. It turns out that the cause of the higher than normal incidence of cancer were not from EMR, but rather Radon gas which was, coincidentally, naturally occuring in all of the areas of the corridors. Unfortunately, electricity corridors have remained with a stigma eventhough there is no longer the correlation there was once thought.

 

 

Source: Used under standard YouTube licence terms.

 

Radon is a colourless, odourless gas that is produced naturally from the radioactive decay of underground uranium minerals and is often drawn up and concentrated inside our homes.

 

Radon gas is the leading cause of lung cancer in non smokers, and the second leading cause in smokers. Because Radon is an...

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Prices remain similar to last year, but ease in October

October's housing market conditions closely echoed previous month's trends with easing sales, rising inventories and downward price pressure. Like last month, the monthly activity was not enough to derail gains that occurred earlier in the year.

 

October sales and inventories totaled 1,467 and 6,463 units for a month of supply of 4.4. Several months of elevated supply in comparison to demand has weighed on pricing over the past several months. The city-wide unadjusted benchmark price in October totaled $438,900, 0.6 percent below last month, but comparable to last year.

 

"While economic activity has improved in 2017, it will take some time for this to translate into housing market growth. There have been employment gains, but most of this has occurred in areas with traditionally lower income," said CREB® chief economist Ann-Marie Lurie.

 

"We also continue to face weak migration, higher lending rates and changes...

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No Pen? No Problem. Sign documents or request signatures anytime, anywhere. You don’t need to print or scan — just use the device at your fingertips. DocuSign makes it easy.

 

Currently, about 265k new users are joining each weekday and 110k are joining each weekend day. Showing that user growth is predictably stable, this ratio has been very consistent over time.

 

It's a sign of good health that the returning population represents a majority of daily users. E-Signing is as easy as 1, 2, 3.

Step 1 – Click the link in email

With one click, you can access the document and start the document signing process on virtually any internet-enabled device.

Step 2 – Follow the DocuSign tabs

Tabs and simple instructions guide you through the signing process. Your electronic signatures are secure, legally binding, and widely accepted for most business transactions around the world.

Step 3 – Finish, and you’re done

Once you’re done signing, click...

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The majority of consumers start their house search online. But could the real estate agent's website’s functionality be turning off potential homebuyers?

 

A few common mistakes that real estate websites and apps are making, including:

  1. The website displays only minimal information.
  2. The website requires the consumer to "log in" prior to seeing the details or more than a single photo.
  3. The website is not mobile adaptive.
  4. The website does not have a consumer-friendly search capability.
  5. The real agent doesn't respond to inquiries through their website.

Let me know if there are other items that you hate about real estate websites.

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No matter if you’re in a buyer’s or seller’s market, there are a few critical steps you can take to make a smarter purchase. Since buying a home is likely the biggest single investment you will ever make, being prepared will help you make a better purchase. Here are our best tips to buying a home.

 

Know your buying power

 

What is your buying power? It is the combination of your credit-worthiness and how much you can realistically pay for a home.

 

First, you need to understand the hidden costs of buying a home. You will need to save not only for the down payment of your home -- which is typically between 5% - 20% of the offer price -- but also for any additional transaction fees, such as land transfer fee, inspection charges, title insurance, and legal fees.

 

Then you need to know what you can realistically afford each month to understand how much house you can buy. Your mortgage rate will depend on your creditworthiness -- if you have a high credit...

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The Bigger Picture

 

Watch CREB® president David P. Brown as he recaps sales activity and the key influencers that shaped September’s housing market.

 

To read the full City of Calgary monthly stats package, click here.

 

To read the full Calgary region monthly stats package, click here. - Source: CREB®

 

 

Source: Used under standard YouTube licence terms.

 

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When a home owner decides to sell their home, they obviously want the best possible price for it with the least amount of hassles along the way. However, for the vast majority of home sellers, the most important result is actually getting their homes actually sold.

 

In order to accomplish all three goals, a home seller should realize the importance of using a real estate broker. We realize that technology has changed the purchaser’s behaviour during the home buying process. According to the National Association of Realtors’ 2016 Profile of Home Buyers & Sellers, the first step that, “…44% of recent buyers took in the home buying process was to look online at properties for sale.”

 

However, the report also revealed that 96% of buyers who used the Internet when searching for homes purchased their homes through either a real estate broker or from a builder or through a builder’s saleperson. Only 2% purchased their homes directly from a seller...

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Your home isn’t selling and yet the current, local real estate market is really quite active. You naturally ask yourself, “Why?”

 

Sadly, not all real estate agents are equal. Some only use the classic 3 P’s of real estate marketing: Put a sign in the yard, Put the home in the local MLS System, and Pray that the home sells.

 

But there are also some other sure signs that it’s time for you to face the music and hire someone else:

 

1. The online photos leave a lot to be desired. With real estate being a cut-throat and expensive business to be in, many real estate agents are trying to cut expenses wherever they can. Too often, we see homes being photographed with cellphone or point and shoot cameras. Often, real estate agents don’t have the tools to crop, colour balance or control exposure in their photos. Worse still, they don’t know when they should hire a professional. For the minimal cost, this is one area that agents should short-change...

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Incredible opportunity to get into the elite community of Aspen Woods.

Walking distance to the new Guardian Angel School (K-6), WEBBER ACADEMY and CALGARY ACADEMY. This stylish 2-storey family home boasting almost 2,000 sq ft of above grade has lots to offer: AIR CONDITIONING, OPEN CONCEPT and HARDWOOD throughout the main floor. Featuring a SPACIOUS GOURMET KITCHEN with GRANITE COUNTERS, UPGRADED STAINLESS STEEL APPLIANCES and CENTRAL EATING BAR, GREAT ROOM, mud/laundry room, WALK-THRU PANTRY, dining/nook area with patio doors to the elevated rear deck. Three bedrooms up include a relaxing master suite with WALK-IN CLOSET, SOAKER TUB, double vanities and separate shower. A sunny, bonus room is the ideal family spot. The basement is untouched with roughed-in plumbing and awaits your finishing ideas. Outside, you’ll find the fully-fenced yard with a paving stone patio and a raised, rear garden.

 

Located minutes to downtown, close to schools, Aspen Landing shops/restaurants,...

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June spells a gradual recovery.

 

Stable prices in detached sector signal balanced conditions despite increased inventory.

 

Calgary’s housing market in June saw a modest improvement in sales along with an increase in new listings.

 

However, demand gains have not kept pace with the amount of new listings coming onto the market. This caused inventory levels to increase to 6,659 units, which is 11 percent higher than last year’s levels.

 

Despite the recent shift in inventory this month, second quarter activity continues to demonstrate improved supply-demand balance and price stability. City wide benchmark prices totaled $441,500 in June. This is a 0.5 percent gain over last month and nearly one percent higher than last year... - Source: CREB®

 

 

Source: Used under standard YouTube licence terms.

 

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Home prices remained stable in May.

 

Demand for detached housing continues to rise.

 

Fueled by the detached sector, Calgary home prices trended up for the fourth consecutive month, but remain below 2014 highs.

 

“The economic climate is supporting detached housing market recovery,” said CREB® chief economist Ann-Marie Lurie.

 

“Improved demand and easing supply has created more balanced conditions and ultimately some modest price gains. While it will still take some time for prices to recover, the transition in the detached segment is an important first step to stabilization across all segments of the housing market.”... - Source: CREB®

 

 

Source: Used under standard YouTube licence terms.

 

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City-wide prices hold steady in April as labour market conditions pick up.

 

It’s not a completely new look at this point, but it’s definitely newish.

 

With recent improvements in the labour market and a balanced detached sector, city-wide benchmark prices reached $439,600 in April, similar to the previous month, but 0.90 per cent below last year’s levels.

 

“More jobs means less uncertainty for people who are sitting on the fence,” said CREB® president David P. Brown. “There also tends to be fewer people who need to sell when employment improves, and that can prevent inventory gains and further price reductions in the market. It’s a good scenario for sellers who are entering a spring market that’s in better shape than anything we’ve seen in recent years.” - Source: CREB®

 

 

Source: Used under standard YouTube licence terms.

 

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The current trends are all about utilizing rich color, maximizing texture and creating comfortable interiors you can’t wait to relax in. Use these trends to get inspired to makeover your home’s interiors and create spaces you love that also appeal to your personal style. Remember, if you plan to sell in the next few years, you may want to avoid doing anything dramatic and instead incorporate small changes that would appeal to buyers.

 

Why are these trends gaining popularity?

The underlying theme of these trends is creating a home environment you love; one that appeals to your emotions and feels like a retreat from the stresses of the world. Although the home is a place where you can relax and spend time with loved ones, work expectations are beginning to blur the line between work and home. Even if people don’t work from home specifically, many are stretching their work hours into their evenings and weekends to complete work projects.

 

It’s no wonder...

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Data supplied by CREB®’s MLS ® System. CREB® is the owner of the copyright in its MLS® System. The Listing data is deemed reliable but is not guaranteed accurate by CREB®.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.