Selena 2018 November Newsletter

Financial Literacy

November is Financial Literacy Month and where better to start than at home with one’s own family. Fionna enjoys to play monopoly and while you can treat this as just a game and for entertainment only value, it can be so much more than that. We always take the opportunity to educate her around money, finances and Real Estate. While answering one of her many questions we raised the subject of the CashFlow Game. Of course she is curious and wants to play so I introduce her to the different parts of the game and the concepts behind it. She likes it even better than monopoly now, and I know she is is having fun and also learning along the way. We play a mix of pen and paper to show in detail how finances work, plus an electronic version to speed up the game play so she has an overall concept of why managing your money and investing, particularly in Real Estate, are so important to your long term goals. Financial literacy is more than having a savings account. Even though interest rates are starting to rise, the return you would get on your savings account is really quite low when you compare it to the time value of money or even inflation, and much lower still if you are paying interest on credit card payments. And this is further compounded if the debt is for something that decreases in value such as a new car.

Exclusive Opportunity

Have you ever wondered how some people get the good deal before you even hear about it. This often happens with commercial real estate as they get snapped up even before they get to MLS. Here is a prime example. This legal 4plex is not ready for MLS yet as it is being extensively renovated. Two of the units are already completed plus the common areas and mechanical area have been upgraded with the big ticket items done. With an Assessed value $701,500 the astute investor can pick this up for a mere $550k. Yes, you read that right. How is this possible? That is a good question and it all relates to timing. The time being now, while the renovations are incomplete and before it gets listed on MLS at full assessed value. For an investor, getting quotes to complete renovations is all part of doing their due diligence and provides an opportunity to build in some of their own sweat equity. The Seller has asked us to find a new Owner so if you are interested you can find out more details by clicking the photo below.

Latest Sales Data

Every Month the Edmonton Real Estate Board gathers the latest sales figures sorted by property type, price ranges, listed and Sold. Click the above link to download a copy from our website.

Housing Trends

Its one thing to download the latest sales figures from Edmonton Real Estate Board and its another to actually understand what all the numbers mean. Click the above link link for a summary from the President of the Edmonton Realtors® Association, or reply to this email and we will be happy to discuss it with you or provide sales figures for different months.

Financial Tools

You can see I like Real Estate and the benefits of home ownership and since it is Financial Literacy Month, I have 3 free tools to give you which you can find on our wealthyhome website.
The first is an XL spreadsheet to budget and track your finances.
Make Your Money Work

The second is a handy calculator to compare the benefits of home ownership to renting. You can play around with this example on our website
Rent Or Buy

And third is a convenient calculator to analyze income producing properties. Very mobile friendly. Bookmark it or save as an icon on your iPhone home screen.
CashFlow Analyzer

Disclaimer: Not intended to solicit buyers or properties under contract.
This article contains the opinions of Andrew Barrett and Selena Cheung. Licensed Realtors® with COLDWELL BANKER Venture Realty.
The trademarks REALTOR®, REALTORS®, MLS®, Multiple Listing Service®, and the associated logos are controlled by
The Canadian Real Estate Association (CREA) and identify real estate professionals
who are members of CREA or identify the quality of
services provided by Real Estate professionals who are members of CREA
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