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Archive for September, 2012

Buyer Feedback – 2 solutions to unrealistic buyer expectations – advice to seller

Tuesday, September 18th, 2012

Comments like this “The clients didn’t like the room sizes” indicate that we are attracting buyers that are expecting larger rooms or whatever the comment is. Now isolated comments are one thing and don’t mean much but when you are consistently getting similar comments about things that cannot be changed like room sizes this is the case. Why are we attracting buyers with expectations that exceed the real property? Primarily price, usually buyers stick to a price range and as they are shopping around get a feel for what is out there at that given price range. For example no one expects a huge bonus room in a starter home price range but they do come to expect certain things based on what other similarly priced homes are offering. Now I realize that a price reduction is not always in the books so there is something else you can do and that is raise increace value either real or perceived.By real value I mean upgrades such as replacing that dated tile in the foyer or the sea foam green carpet in the livingroom. By perceived value I mean things like staging, decluttering, cleaning, minor repairs and painting. The bottom line is if you are getting negative feedback consistently you may want to review your expectations and come up with an action plan that will bring a solid offer to the table from a qualified and motivated buyer. For more real estate tips call me, I’m hear to help.Kevin Grenier (780) 893-0269Realty Executives Polaris REALTOR®, ABR® (Accredited Buyer’s REALTOR®), SRS® (Seller Representative Specialist)P.S. Download your free real estate app at This is not intended to solicit anyone who is currently contractually represented by another REALTOR® 

Interest Rate Update – Incease likely April, 2013

Wednesday, September 12th, 2012

The following I received from my trusted mortgage representative at RBC, Sheri Mitchell and has been re-published with RBC’s permission.

Events unfolding “as expected” Bank of Canada says

To that end, the BoC left the overnight rate at 1.00% and, in its brief statement issued following the September 5 meeting, indicated that events were unfolding largely in line with forecasts set out in its July Monetary Policy Report. It is the downside risks to the global economy (Europe in recession and the US economy expanding at a “gradual pace”) that supports the case for the Bank to maintain the current level of policy stimulus. Until there is clear evidence that policymakers outside of Canada have put in place programs that are sufficient to reverse these risks, Canadian interest rates will remain low to counter the negative fallout on the domestic economy. The assumption built into our forecasts is that polices will be implemented to limit the deterioration in global financial conditions. As the downside risks to the external environment recede, this will put the Bank in position to begin the process of gradually reducing policy stimulus with the first hike likely to be announced in April 2013


Home Maintenance Schedule

Regular Maintenance is the Key

Inspecting your home on a regular basis and following good maintenance practices are the best way to protect your investment in your home. Whether you take care of a few tasks at a time or several all at once, it is important to get into the habit of doing them. Establish a routine for yourself, and you will find the work is easy to accomplish and not very time-consuming. A regular schedule of seasonal maintenance can put a stop to the most common — and costly — problems, before they occur. If necessary, use a camera to take pictures of anything you might want to share with an expert for advice or to monitor or remind you of a situation later.

By following the information noted here, you will learn about protecting your investment and how to help keep your home a safe and healthy place to live.

If you do not feel comfortable performing some of the home maintenance tasks listed below, or do not have the necessary equipment, for example a ladder, you may want to consider hiring a qualified handyperson to help you.


Thanks for sharing Sheri.
You can reach Sheri at any time and sheo’ll be happy to help regarding mortgage advice.
 Mobile Mortgage Specialist
RBC Royal Bank

Ph 780-760-5364
Cell 780-887-1185

Got real estate questions? Call today.


Kevin Grenier REALTOR®, ABR® SRS® (Accredited Buyer’s Realtor, Seller’s Representative Specialist)


P.S. make sure you download your real estate app here.

This e-mail is not intended to solicit anyone who is contractually represented by another REALTOR®

Market Update from the Realtor’s Assocation of Edmonton – August 6th, 2012

Thursday, September 6th, 2012

The following is the monthly press release from the Realtor’s Association of Edmonton in its entirety. If you have any questions on this or would like further detailed statistics, information or analysis on your specific community or property, contact me at

1 The total value of sales in a category divided by the number of properties sold
2 Single Family Dwelling
3 The middle figure in a list of all sales prices
4 Residential includes SFD, condos and duplex/row houses.
5 Includes residential, rural and commercial sales

1 Average prices indicate market trends only. They do not reflect actual changes for a particular property, which may vary from house to house and area to area. Prior period figures have been adjusted to include late reported sales and cancellations and therefore reflect a more accurate view of the period than previously reported at month end. The RAE trading area includes communities beyond the CMA (Census Metropolitan Area) and therefore average and median prices may include sold properties outside the CMA.

The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the REALTORS® Association of Edmonton. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.