How many times have you heard from the public "There's just no point in buying or selling right now, the market is too shaky for me... I may wait until spring." ???
I bet over the last 2 months, I have heard that saying or one similar to it countless times. BUT! I have been able to increase my business over the last few months and increased my buyers portfolio to a career high. In other words, DO NOT TAKE WHAT THE MEDIA TELLS YOU TO BE THE REAL TRUTH!
Because Canada and probably North America wide have had such amazing returns in real estate over the last few years, the public has forgotten what it used to be like before the big boom. Yes, properties are still selling. Yes, people are still making amazing returns. Yes, its still a great time to buy. But the media is now drowning the public in propaganda about the US financial crisis and therefore corrupting their own perception of the market. In my opinion, you need an experienced realtor working for you who KNOWS your local market and can find you a great deal when buying property or maximizing your selling price.
I still think its rather funny when i meet people for the first time and they instantly ask what i do. When they know i am in real estate, the real estate market will become the topic of choice. Upon explaining about investments with 68% returns in less than a year, where to be spending your money to get ahead of the others still "watching the market", and how i sell homes faster and for more money using interesting selling methods, the beat of their drum suddenly changes. Its almost like a new awakening has begun and watching how fast they explain this system to others quite flattering.
I will cap this blog off saying... (and I know you saw this coming) If you, or someone you know, is thinking of buying or selling real estate please keep me in mind. I am never too busy for any of your referrals.
Make it a great day!
Kevin Turner
RE/MAX Bridge City Realty
403-394-1777
Hello everyone!
West Lethbridge has seen some very significant changes and expansion projects over the last 6 months to a year. The Copperwood subdivision is off and running at a booming rate with many great amazing starter homes still available at affordable rates, the University of Lethbridge is continuing to expand which is drawing in a number of new students and helping the rental pool grow and of course the newer subdivisions of West Highlands, Riverstone and Sunridge continue to expand.
I am finding that west Lethbridge is beginning to be more desirable of an area to start a family with the ever increasing amount of amenities starting up. Rumors of a new major grocery store in the southern portion of the west side, many new schools, parks, a new library, etc. all add to the appeal of this side of town. Not to mention the number of revenue properties becoming available and then being quickly sold! Our student population is growing rapidly and with the increase in home prices over the last few years, the rental market has never been hotter! My best piece of advice for revenue buyers (since Lethbridge is still rated as one of the most affordable city centers in Alberta still) would be to buy as many revenue properties as possible. With rental rates around 1% (sometimes lower), the time required to rent your property at a great rate is very short.
Also for re-sale, west Lethbridge is probably the highest with this increasiing demand for homes. With 5 subdivisions still growing, the expansion could almost seem endless. Keeping in mind the cost of new home construction and its affect on newly built homes (within 1-6 years), the re-sale market will have a significant growth margin, and I believe the highest ROI.
If you find you are in the market to have your investment grow in Lethbridge and potentially make thousands of dollars, please give me a call for a personal meeting. I work with investors on a regular basis and have become very experienced in this avenue of real estate.
Keep smilin!
Kevin Turner
RE/MAX Bridge City Realty
403-394-1777
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