PDS is an acronym coined by David Knox for "Pricing Denial Syndrome".
This syndrome afflicts some sellers and possibly some agents and the signs are:
Denial (“It’s not the price.”)
Minimization (“It’s not that overpriced.”)
Blame (“You’re not marketing it enough.”)
Justification (“We need the money.”)
Bargaining (“What ...
Posted by Patrick Galesloot
on April 15, 2010
Common questions we get as REALTORS often surround the deposit. The deposit that accompanies an offer to purchase can be one of the most crucial pieces of the contract, as well as one of the most confusing for some buyers and sellers.
How much do I need for a deposit?
When it comes to an offer there are two competing sides, one that wants as big of a deposit as possible, and the other wants ...
Posted by Patrick Galesloot
on January 29, 2010
Join the Century 21 Advantage home buying team Monday September 14th to learn how you can buy a home with confidence.
If you have always wanted to know how to get out of renting and into your first home, or perhaps you haven't made a move for a number of years this is for you.
Find out the ins and outs of negotiating an offer to purchase, why you need use a lawyer and what they do, what does the ...
Posted by Patrick Galesloot
on August 13, 2009
It's always a thrill to be able to help first time home owners find their first home. It always takes me back to when De and I found our first home. We really didn't know what was happening or what we were doing, and really kind of shocked to know we COULD own a house. That was 1996, in a market place that was more a buyers market than a sellers. Interest rates back then were ...
Posted by Patrick Galesloot
on May 30, 2009
Weekly Sales numbers in Red Deer, AB. jump 30% from the previous week.
Weekly Stats
# Listings
# Sales
Dec.29/08-Jan. 4/09
14
7
Jan. 5-Jan. 11
47
11
Jan. 12-Jan. 18
69
7
Jan. 19-Jan. 25
63
23
Jan. 25-Feb. 01
67
21
Feb. 2-Feb. 8
90
27
Feb. ...
Posted by Patrick Galesloot
on February 18, 2009
The results of the survey are in. Last week I asked the question should you buy now. The consensus was that now was a good time to buy, and if you could you would. Here is the break Down:
1) Which best describes your real estate outlook?
I bought recently, no plans to move 22.2% I would buy if I knew this was the bottom 33.3% I would buy if I could sell my home 33.3%
I ...
Posted by Patrick Galesloot
on February 9, 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