The Top Ten Reasons It's a Great Time To Buy Real Estate!

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 at? 10 - 15

5. Due diligence is welcomed.
• What conditions would a seller expect to see in an offer today?
o Financing
o Inspection

6. There are plenty of specs.
• How many "New" homes or builder homes are on the market?
o 96 Homes built in 2007 or newer
o 53 Houses New or Never Occupied

7. Repair requests are welcomed?
• Is it common for a buyer to ask for repairs or a price adjustment from a home inspection? (How can you prep your seller?)
o Pre Inspection
o Staging
o Detailed walk thru R&M list

8. Few, if any investors.

9. Location, location, location.
• How many (single family) homes in your neighborhood for sale?
Anders 35 Morrisroe 10
Bower 15 Mountview 12
Clearview 7 Normandeau 4
Deer Park 39 Oriole Park 37
Eastview 25 Parkvale 2
Fairview 1 Pines 2
Glendale 13 Riverside 7
Grandview 5 Rosedale 17
Highland Green 10 South Hill 1
Inglewood 45 Sunnybrook 4
Johnstone 33 Vanier 25
Kentwood 17 Waskasoo 4
Lancaster 30 Westpark 41
Michener 6 Woodlea 3

Blackfalds: 62
Penhold: 26
Springbrook: 5
Sylvan Lake: 197

10. Real financing is available.
• Can you still buy with "Zero" down?  You bet and CMHC is backing those mortgages and offers many other products for flexible down payments.


Your Friend in Real Estate,

Patrick Galesloot


Patrick Galesloot

Patrick Galesloot

Broker/Owner
CENTURY 21 Advantage
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