The week before Last week I had three different clients from different out of town locations, relocating to the Edmonton area for work reasons. Between these buyers I showed about 75 properties. Except for one of these clients, none of them had any real knowledge about the Edmonton real estate market. One buyer lived here before but it was [...]
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How not to sell a property in Edmonton right now
It sucks right now to sell a property with a Tenant. Yes it does. Uh huh, and here’s the proof.In the past 30 days (as of this morning) There were a total of 619 sales in the Edmonton market. 416 of those were single family and 203 were condos.Of the 416 single family sales in Edmonton on 11 of those [...]
Real Estate Red Flags
Here are some phrases you may find on a listing or purchase contract that should raise a red flag in your mind: "As is, where is"This is a phrase you’ll find commonly on listings that are in foreclosure, an estate sale, in disrepair, not lived in by the seller and many other instances. What this phrase basically means is that [...]
Like a virgin negotiating for the very first time…
Negotiating is one of the least understood aspects of your property value. If you believe that the value is the value no matter what. No one can help you here. But consider this some people are better negotiators then others. If you’re recently out of the hospital and 90 years old you may be at a disadvantage compared to someone [...]
Risk VS Uncertainty
You never know what the winds of change will bring. Stock market woes one day, huge rallies the next… Billion dollar injections… Real estate sales up 65% from the previous year for Edmonton… How does one manage all the risk and uncertainy in markets like this? If you believe some of the people on this blog a good time [...]
Top 3 Deadly Sins of Real Estate
The three deadly sins of real estate: [...]
Subject to Sale: Nobody Wins
Lately we’re receiving a lot of offers from buyers with a "subject to the sale of the buyer’s home" condition in the offer and these deals very rarely ever go together. The subject to sale condition basically means that the buyer’s offer is conditional on them selling their own home – if they don’t sell their home within an [...]
Finding the Best Buyer
A video today! Sheldon Johnston discusses pricing, marketing and how to find the best buyer for your home: Tomorrow….a double dose of stats – weekly and monthly on the same day! [...]
#1 Reason to Get an Appraisal
I recently had a client referred to me who had put an offer on a million dollar+ property being sold privately. They put their offer on the property with the hope that they would sell their own property and everything would be hunky dory. The only conditions were a standard financing clause and the usual inspection. It turned out [...]
Mr. Snowman Tells No Lies
How do you look at me with those lumps of coal for eyes and tell me you’re sitting in front of the hottest most desirable property on the market? It’s obviously not hot enough to melt the snow on your front lawn! No, indeed it is now June and pictures of snow laden properties with enough snow to build an [...]
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Edmonton Real Estate Market Weekly Update – April 27/12
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Edmonton Real Estate Market Weekly Update – Star Wars Day
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Edmonton Real Estate Market Weekly Update – May 11/12
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Edmonton: The epicenter of North America
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About Us
The Edmonton Real Estate Blog is written by Sheldon Johnston and Sara MacLennan of Coldwell Banker Johnston real estate; both are licensed real estate associates in the Province of Alberta.
Aside from blogging, Sheldon manages the brokerage and assists clients buying and selling real estate in the Edmonton area, while Sara focuses on marketing and business development. If you're thinking of buying or selling real estate, or if you're interested in a career with one of Edmonton's most successful teams, contact them at blog@teamjohnston.com.
The opinions contained herein are those of the authors and are just that - their opinions. For legal information, consult a lawyer. For mortgage information consult a mortgage professional. For tax information consult an accountant. This information is not intended to solicit clients already under contract.
For more information about us visit our website.
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