Pricing Strategies in a Bonkers🤪Market
“Bonkers!” This word is so apropos in our current real estate market. By the way, the current tight market conditions (low inventory vs high demand) have been in place since the end of 2021. However, there are different degrees of bonkers🤪. For example, let’s compare absorption rates from January 25 to March 28 (I record […]
The Insurance Conundrum
House insurance is becoming a much more significant factor for both buyers and sellers. Buyers are often surprised when the insurance company starts asking probing questions right before closing. Particularly when their “new” house is more than 25 years old, currently anything built before the year 2000. (Also, did you know there are hockey players […]
The January FOMO Phenomenon
After 19 years as a full-time professional REALTOR® and being a serious student of market trends, I’ve picked up a few things. I call one of them the ‘January FOMO Phenomenon.’ One thing that never changes is the fact that December and January are ALWAYS the slowest two months of the year for sales. Most […]
The Monday Morning Report
As in any profession, there is a wide variance in competence from one real estate agent to another. But even if a REALTOR® is in the Top 1% of all agents in skill, knowledge, and experience, they can often still be guilty of perpetuating the biggest complaint there is in the business: Lack of Communication […]
New Rules for Short-Term Rentals
This news is from B.C. but it’s being studied all across Canada, including Alberta, and it may very well be legislated in our province sooner than later. Essentially, short-term rentals (STRs) in B.C. (Airbnb or otherwise) will be banned almost entirely as of May 2024. The exceptions are rentals attached to the owner’s principal residence […]
The Many Different Markets Within Calgary
I always talk about how market segments behave differently across multiple property types, price ranges, and geographical pockets within the same city. It’s impossible to provide a comprehensive overview of every scenario in a short blog post, but I thought it would be interesting to show how the absorption rate can vary by price range […]
The Well-Deserved Reward for Doing Everything Right
Last month’s Rant was entitled “10 Key Elements of the Perfect Listing Process.” This month, here’s a real-life recent story about what can happen as a result of doing absolutely everything right with a listing! I met with the sellers, and after reviewing everything, we set an aggressive goal for the list date. We wanted […]
10 Key Elements of the Perfect Listing Process
Let’s say you’re considering selling your home. And you happen to know a very experienced, skilled, and knowledgeable agent who is also hopelessly honest and always has your best interests at heart. Here’s how the process should go to achieve the best possible result: 1. You call your trusted agent sooner, rather than later, even […]
The Disingenuous Bashing of Traditional Real Estate Marketing
Paraphrasing a well-known real estate team leader, “Old-school traditional real estate marketing only gets you so far. Today, you need much more than what agents were doing 20 years ago.” This sounds entirely logical, but it’s actually incredibly deceitful. It’s like saying, “The only thing that hockey player is good at is scoring goals!” Indeed […]
Ted’s Suggested Buyer Strategies in a Super Tight Market
Every active buyer in Calgary is well aware that we are experiencing an extremely tight real estate market with the lowest inventory levels since 2006 I have numerous buyers right now, just waiting for the right property to hit the market. And when I say “waiting,” I mean waiting, and waiting… And waiting… For some, […]