Real Estate Blog

Real Property Reports

Real estate transactions almost always require a current Real Property Report (RPR). An RPR is a legal document an Alberta Land Surveyor prepares. It’s basically a high level drawing of the property, the boundaries, and the buildings and structures on it, so buyers know exactly what they’re buying.

An RPR contains:

  • legal description and municipal address of the property
  • date of land title search and date RPR was done
  • Certificate of Title (land title) number and names of registered owner(s)
  • location and description of all buildings and structures (e.g. decks, fences) with dimensions, directions and distances from the property boundaries
  • location and dimensions of any visible encroachments (i.e. buildings or
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What is a Conditionally Sold Listing?

A property with this status means that someone is currently in the process of buying the home. They've written an offer "Conditional" to typically financing, inspections, etc. Upon receiving an offer, a seller has the option to advertise their property as either Conditional or Active. Due to the number of failed mortgage applications, a seller may choose to remain Active on MLS®, with no indication that they are currently pending a sale. However, there is significant value to a seller in marking their property Conditional (when there is no clause) on the MLS® (Multiple Listing Service).

Clauses

Sometimes there are instances that the home may be sold, but the current buyers have a clause where they would need

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October sales are down slightly from the same time in 2018, posting just 6 fewer sales in 2019. However, the number of active listings is up 17.9%. This isn't the best news if you're trying to sell, as more inventory means more competition, likely due to a number of re-listings & homes returning to the market that failed to sell. 

The market differs largely on which price point you're in. Well priced homes that show well are typically selling within 30 days under the $400,000 price point. Sales & overall buyer activity at the higher price points has been slow, especially over $600,000. Red Deer experienced just two sales in October, despite high levels of inventory. We're starting to see a disparity between what buyers want to pay, & what sellers

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A late summer ends with an early winter; the luck of Albertan's these days! Red Deer’s sales activity totaled 118 units in September 2019, a 11.3 per cent increase from September 2018. A similar, but much greater trend in the upward direction was observed in 2016, just prior to the winter months setting in. Total sales in the city year-to-date have reached 1031, with 1091 sales by the same time in 2018. The average selling price comes in at just $311,525 a 8.1 per cent decline over the last four years on average. If you're able to make a purchase in today's market, you're buying instant equity for when the market turns back around. If you've found a property you'd like to get a closer look at Schedule a Viewing today or Contact Us for more

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With a slight warming to the weather & the economic climate, Red Deer’s sales activity totaled 115 units in August 2019, a 14.8 per cent decrease from August 2018. Total sales in the city year-to-date have reached 910, with 985 sales at this same time in 2018. The average selling price comes in at just $307,287 a 17.1 per cent decline over the last four years, that figure up slightly from last month. Many buyers are looking at Ottawa's First Time Home Buyer Incentive that launches this week. If you're able to make a purchase in today's market, you're buying instant equity for when the market turns back around. If you've found a property you'd like to get a closer look at Schedule a Viewing today or Contact Us for more information!

If possible,

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Private lot in the Pines, backing onto treed area - $459,900

Enjoy your morning coffee on the east facing upper deck out front, or entertain the evening away with friends & family on the floating deck out back. The open kitchen, nook & family room all overlook the secluded back yard & fenced garden. Work your magic in the kitchen with a central island, ample counterspace & plenty of cabinets for all your cooking needs.

Vaulted ceilings & transom windows flow through from the living area, dining room & up into the master suite. The generous master bedroom is its own retreat with a patio door to an elevated deck, walk in closet & ensuite with a large jet tub. The upper floor has all new laminate flooring, separate washroom & two additional

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We believe there’s a step when buying a home that is absolutely critical. In a market with high inventory it’s even more important. Unfortunately, most people totally miss this step we call Market Education. Market Education is about systematically getting out & viewing homes, not for the purpose of buying but rather to educate yourself on the market, establishing a baseline for what your price range affords you, & refining your criteria. This is a step that the vast majority of agents will skip thinking it’s a waste of their time, however experience has taught us, this simple investment of time up front comes with a number of benefits.

  1. Number one is confidence – By getting out and viewing homes in a no pressure environment for the purpose of
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With a slight warming to the weather & the economic climate, Red Deer’s sales activity totaled 147 units in July 2019, a 6.5 per cent increase from July 2018. Total sales in the city year-to-date have reached 795, with 853 sales at this same time in 2018. The average selling price comes in at just $303,709 a 13.9 per cent decline over the last four years. Many buyers are looking at Ottawa's First Time Home Buyer Incentive that launches on September 2, 2019. The real question will be whether or not people will make informed decisions & how many people will actually qualify. Very few millennial buyers will be able to take advantage of the FTHBI, given all the restrictions. The ones who could use the incentive can easily qualify for a regular mortgage

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Step 1 - Agent Interviews & the Comparative Market Analysis (CMA)

There are hundreds of critical mistakes you can make when selling your home, however there is a universal cure for them all . . . qualifying and choosing the right agent. Ask your agent lots of questions to ensure their motives are in the right place and they have the ability to properly represent you. Furthermore, you need to find out if you are comfortable with this person's style of business.

In addition to an interview with an agent, have them look at your house and give you an idea of value. The agent will then assess the other homes in the area that are comparable to yours, make financial adjustments for the differences and give you an approximate value. This process is

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Can you say, "flat market?" With minimal change in the economic climate, Red Deer’s sales activity totaled 124 units in June 2019, a 15 per cent decline from the June 2018, well below long-term averages, & with a 37.7 per cent decrease over the last four years. There was a pullback in sales across all product types, leaving supply levels high, resulting in persistent oversupply & continued price reductions. The average selling price comes in at just $311,344 an 11.6 per cent decline over the last four years. With July upon us, prepare for a quiet couple of months, as the kids are free, families are travelling & enjoying the very sporadic amount of sun we're seeing this summer.

If possible, potential buyers may want to take advantage of the market

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