Selena’s September Newsletter

September Snow

September is the start of school, and apparently here in Edmonton, it is also the start of snow. The snow fell thick and fast for couple hours blanketing the ground but stopped soon after and has since melted away. And with the new school year starting, we have become busy parents as I am sure you experience too. Busy shuttling our little one to and from schools and activities, and luckily we are both Realtors so either one of us can look after Fionna, the business or our clients.

Property Management

Just few days ago, one of our out town clients called me to list his properties, As usual, before we list any property, the very first thing is to find out what’s the property condition, and based on that we provide recommendations on what need to be done prior to list this home. For this client’s property we found out there was much deferred maintenance, and was being poorly managed, and tenants are not happy. Would you like to have a ceiling like the one below? I didn’t think so, and nor did the

tenants. It had been like that for months. We had to notify our clients right away. Two days later, our clients flew into Edmonton to view all their investment properties, and they interviewed a new property Management company. Luckily they decide to cut their loss and transfer their investment portfolio to the new property management, and each property will get the needed repairs. Unfortunately, this is not an isolated incident, and has happened to several of our investor clients. Important lesson is to take control and make sure the people on your team are working for you.

How’s Our Edmonton Real Estate Market?

One of most questions from conversation would be: How’s the market? Well, it all depends where you live. I would love to do some research for you and send you an email that will tell you what homes are for sale now, what homes have sold recently and how long homes are taking to sell in your neighborhood. So you can feel secure in the knowledge that you have the most accurate information. This timely information will tell you right away how your market is right now! I imagine that information would be of value to you, would it not? Feel free to call or drop me a line to discuss

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.

Money Management

Recently, I took Fionna shopping where she saw this clown fish costume. She want to buy it, so I told her we didn’t budget for this toy however she can buy it, but she has to pay for it. She went home, opened her spending piggy bank, and count enough money, and next day, she asked me to drive her to the shop. I made her wait for 3 days. She was very persistant and really want it, and so I took her to the shop where she got the costume and run to the cashier and paid it. She is very proud finally she can have it. She is also aware since she spent most of her funds, she has to save money and wait in order to buy another toy that she really want. It is important to teach our little ones about money, and how to spend it, also teach them budgeting and delayed gratification. It is so easy for them to pick up the concept even just 4 years old.

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.
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