Changes at Royal Lepage Foothills

As some of you are already aware, the real estate brokerage that I work for – Royal LePage Foothills – will be closing their doors. This will not affect any of my clients – I have taken the steps necessary to look after all my m2realty peeps – you are in good hands! I am working on finding a new place to call home and will keep you posted.
If you have any questions I can be reached on my cell at 403-370-2620 or via email at m2realtycanada@gmail.com

7 Reasons Why Your Realtor Is The Best Friend You Never Knew You Had

There are a few times in life when we connect with a person and develop a strong bond of friendship, trust, and admiration for one another. These lifelong besties may enter your life in high school, or become your college roommate, work colleagues, or as your future spouse.

Some people may come and go in your life, but one special person will always be there for you; to stand beside you, and guide you, comfort you and console you. This amazingly special person is: YOUR REALTOR.

Realtors are superheroes who make your dreams happen, and will travel the ends of the county, working tirelessly for YOU.

Realtors go above and beyond to protect your best interests and get you what you want and deserve. When you are buying or selling a home you are vulnerable, emotional, and some of your worst traits rear their ugly heads, but your Realtor will love you anyway.

Here are 7 reasons why your Realtor is the best friend you never knew you had:

1. They know what we can truly afford (even when we don’t).

Your Realtor listened to you when you explained what you were looking for in a home. They may have even had you fill out a “wish list”, and pointed out that not all of them will be granted, based on your budget. They probably set you up on a search or emailed you homes to consider, and kindly reminded you that the 14 homes you flagged on Zillow were out of your budget.

Realtors know what homes values are in your market, and they know what other costs are associated with purchasing a home. Embrace their experience, guidance, and advice because they are working for YOU and want to help you.

2. They’re the most honest people in our lives (not including our mothers).

Realtors will be brutally honest with you about the homes that are out of your budget, that need a lot of work, that are awesome deals, and that would best fit what you need and want.

They will help guide you on writing the best offer, and advise you when not to try to haggle with the price or asking for tons of things that will cost extra to the seller.

As a seller, your Realtor will be honest about how your home compares to others for sale in the neighborhood and give sound and educated advice on how to price yours and stay competitive. TRUST your Realtor! They will tell you what you need to hear, not always what you want to hear.

When you close the deal on the home you sold or bought, you can thank them.

3. They’re more loyal than our pets.

True, our dogs love to greet us at the door when we get home, and cats, although a bit anti-social, will purr, come around from time to time and sprawl out on our lap or brush up against our legs. But no matter how loving your pet may be, if you aren’t with them, they can’t support you at a moment’s notice.

Your Realtor is ALWAYS there for you. Realtors are even known to sleep with their phones. Realtors will make it known that you are their #1 priority and you will never have to clean up their messes.

4. Nothing shocks a Realtor.

Realtors have dealt with people from all walks of life that have had divorces, bankruptcy, deaths in the family, job losses, and horrible decorating taste. Realtors show bank-owned homes with flooded basements, mold and fire damage, and occasionally a squatter or two living upstairs. They deal with rude, ungrateful, and unprofessional people all day long, including other Realtors and clients at times.

They’ve seen it all, heard it all, and been through it all, and it just makes their superpowers stronger.

5. They are the greatest listeners.

Realtors truly listen to you. When you drone on and on about the dream home you want, with all the bells and whistles, and the white-picket fence, your Realtor is taking notes.

When you tell your whole life story, or why you’re selling your house because your husband is a no-good-cheating-bastard, or when you need to vent about the neighbors, or your mother-in-law, or what color you should paint your bathroom.

Your Realtor is always there, making mental note of every word you say, and will not judge you (not to your face, anyway!).

6. Their intentions are always PURE.

It’s very simple: Realtors get paid when they close your deal. It could take months! They want to help you buy or sell your home, and will work diligently and tirelessly to accomplish that, or they get no pay check.

Of course a Realtor is a hard-working Superhero with pure intentions, because who else do you know will do all that they do, for FREE?

7. When a Realtor becomes a real-life friend, nothing in the world is sweeter.

You will always have a friend that can give advice about home upgrades & updates, referrals to trusted and inexpensive contractors, and that can let you know the market value of your home in a matter of minutes.

Your Realtor friend will be happy to help you, for FREE, anytime you need it because they eat, breathe, and ooze real estate.

And as a friend of a Realtor, you should want to help your friend as often as possible, and send them as many referrals as you can. 🙂

 

Written By: Sarah D’Hondt

The Lighter Side of Real Estate

December Market Update

Housing market conditions favour buyers

Weak sales activity relative to inventory places downward pressure on prices
Calgary, Dec. 1, 2015 – Persistently high inventory levels within Calgary’s residential resale housing market, combined with weak sales activity, contributed to buyers’ conditions in November.
Monthly sales totaled 1,263 units, a 28 per cent decline from last year and nearly 20 per cent below the 10-year average. Meanwhile, the amount of new listings in the market increased by five per cent over last November, and moved five per cent above 10-year average.
The combination of both soft sales and elevated listings caused months of supply to rise above four months. It represents the third consecutive month that housing supply in the city has remained near four months, which is an indicator that supports buyers’ conditions.
“The housing market is reflecting the realities of the economic conditions,” said CREB® chief economist Ann-Marie Lurie. “Calgary has continued to post job losses in the energy sector, unemployment levels are high, wages are down and recovery expectations have changed. All of these factors have contributed to the weak demand we have seen throughout the year.”

CREB® president Corinne Lyall pointed out that inventory levels still remained 27 per cent below the November highs recorded in 2008. “Furthermore, price declines have not been as steep as those recorded during the last downturn,” she said. The unadjusted benchmark price in November declined to $450,700, a 0.5 per cent drop compared to last month and two per cent from last year.

Calgary’s detached housing sector faired the best in November as months of supply increased to only 3.4. Nonetheless, the unadjusted benchmark price declined by 0.6 per cent compared to October, and 1.52 per cent from November 2014, to $510,700.

In the attached category, buyers’ conditions emerged as months of supply increased to 4.8. As a result, the unadjusted benchmark price declined to $352,400, a 0.5 per cent drop from last month and 1.5 per cent from last year.

The apartment sector continued to be the hardest hit of the three sectors. Months of supply increased to 6.9 in November, causing benchmark prices to slide 0.5 per cent from October to $287,000. Meanwhile, year-over-year prices were off by 4.6 per cent.

Despite weaker absorption rates for most of 2015, residential benchmark prices have only recently started to decline – while average and median prices have dropped more dramatically. Lurie attributed that to slower activity in the higher-priced segments of the market, which can skew average and median prices. Benchmark prices represent changes for similar-type homes, minimizing the impact caused by changes in distribution.
“It is not a surprise that the average price has recorded a steeper decline than the benchmark price,” she said. “Last November, detached sales in the city over $700,000 totaled 159 units or 15 per cent of the market sales. This November, there were only 103 sales representing 13 per cent of the market sales.”
Lyall said knowing the difference between indicators such as average, median and benchmark prices is important for sellers.

“There is no question that this can be a challenging market,” she said. “However, because of these circumstances there is a greater need for market intelligence.”