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Buying Real Estate? Negotiating Tips...
2006-08-05 04:37:00
Follow this reporter's instructions and you could possibly lose thousands of dollars, and you may not get that dream home you want. Although she offers insight into one particular scenario, a trained and experienced agent will have the ability to guide you through more than this cookie cutter scenario. If you follow her advice, you could end up fawning over someone's property and they may start thinking that they have underpriced their property, or worse that you are insincere. In a fast paced market like Edmonton information is your key to success.The author's instructions are that you let the seller know just how much you love, and want to buy their home. I've had sellers read heartfelt letters written to them from buyers, when they were reviewing offers on their home. Some have liked it and some sellers have reacted adversely. The emotional attachment to their home clouded their decision making, and they considered less emotional options, especially when conditions are at...
More About: Buying , Estate , Real Estate , Tips , State

Interest Rates to Stay Put
2006-08-04 17:59:00
The following report from Bloomberg predicts that the Bank of Canada will not raise interest rates for the rest of the year, because the unemployment rate has increased and the dollar has dropped. Here is most of the article...Canada Lost 5,500 Jobs, First 2-Month Drop Since 2004 (Update2)Aug. 4 (Bloomberg) -- Canadian employers unexpectedly shed 5,500 jobs in July, marking the first consecutive monthly declines in almost two years, strengthening the case for the Bank of Canada not to raise interest rates again this year.The unemployment rate rose to 6.4 percent from 6.1 percent in June, which was the lowest since 1974, Statistics Canada said today in Ottawa. Economists surveyed by Bloomberg News expected 23,500 new jobs in July and a jobless rate of 6.1 percent.The report suggests one of the most robust aspects of Canada's 15-year economic expansion may be weakening, because of a strong currency higher borrowing costs. Economic growth stalled in May for the first time in eight mon...
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Edmonton Real Estate Investors Changing Formulas
2006-08-04 06:23:00
The following is an article from "The Business Edge" News Magazine. I have taken out some parts not relevant to the Edmonton area. Overall the point is that its not too late to invest in Edmonton real estate, but you have to do it with a plan that makes sense. Investment niches attract growing interestBy Joy Gregory - Business EdgePublished: 08/03/2006 - Vol. 6, No. 16...Even with Calgary's residential market hitting record highs earlier this summer before taking a bit of a break from its frenzied pace, investors like Madeleine Ficaccio of VEA Group Inc. say the Alberta real estate investment market is good, albeit more complicated than a year ago...whose company wholesales properties under contract and buys, holds and manages properties with joint venture partners.A strong market with high housing costs also prompted another change in focus. While she and her husband/business partner Dan still target properties with positive cashflow, Calgary investors used to be able to find pro...
More About: Estate , Real Estate , Changing , Vest , State