First time buyers can be eligible for money back on closing costs. A credit of up to $750 to cover closing costs, such as legal fees, title insurance and deed transfer taxes. This credit covers 15 per cent of eligible closing costs, up to a maximum of $5,000. As well, the amount first-time buyers can withdraw from their RRSPs for a down payment has been increased from $20,000 to $25,000, the first ...
Posted by Tara Devereaux
on February 4, 2009
First time buyers can be eligible for money back on closing costs. A credit of up to $750 to cover closing costs, such as legal fees, title insurance and deed transfer taxes. This credit covers 15 per cent of eligible closing costs, up to a maximum of $5,000. As well, the amount first-time buyers can withdraw from their RRSPs for a down payment has been increased from $20,000 to $25,000, the first ...
Posted by Tara Devereaux
on February 4, 2009
My earlier blog post I asked you 4 questions and to email me your thoughts. http://www.century21.ca/patrick.galesloot/Blog/2008_Red_Deer_Real_Estate_Market
Where do you see house prices going long term?
How long do you plane to live in that house?
Should you wait?
Can you afford to wait to buy based on past price trends?
In follow up I received comments that got me thinking some more about ...
Posted by Patrick Galesloot
on January 24, 2009
Happy New Year!
2008 was quite a journey in real estate which I will reflect upon on another post. Right now we'll look at the last few weeks of real estate activity in the Red Deer Market.
Typically December slows down each year as home owners and real estate agents wind down and make plans for time with family and friends. A number of home owners dread the idea of having to be show ...
Posted by Patrick Galesloot
on January 3, 2009
Weekly Stats # Listings # Sales # Price Changes Nov. 17-Nov. 23 44 26 60 Listings declined a little bit this past week, which is not a bad thing. We still have plenty of listings to choose from and from a selling standpoint it helps to get the ...
Posted by Patrick Galesloot
on November 24, 2008
Changing market over the past 7 weeks, and the change is not over. With the financial markets in turmoil from the US credit crisis, an election called here in Canada, there is a lot of dynamics going on. For a detailed look at the market click here.
This week marks one of the lowest inventory levels we have seen in a while with total properties for sale in Red Deer now totalling 597. ...
Posted by Patrick Galesloot
on September 22, 2008
2008 is shaping up to be the year for change in Real Estate. June 23rd, 2008 marked a significant change to real estate business. Realtors require your I.D. A new federal law came into force, real estate agents will ask to see your driver's licence, or other government-issued ID. They'll also need to keep personal information identifying their clients, such as occupation and birth-date, ...
Posted by Patrick Galesloot
on July 21, 2008
1. Selection, selection, selection.• How many properties on the market today in Red Deer? 733• How many Apartment condos? 100• Town Houses? 88• Half Duplexes? 53• Single Family? 450 2. No Bidding Wars. 3. You can make an offer.• What is the average list to selling price ratio? 97%• How low of an offer is normal today? $20,000 4. Patience is tolerated.• How many homes does the average buyer look ...
Posted by Patrick Galesloot
on July 5, 2008