Recent Blog Posts by Patrick Galesloot

Ask The Broker, Possession Timing?

What time frame do most buyers want to move in? I get that question quite often.  We see a whole variety of dates and requests for a possession date for buyers.  Probably the most common phrase you will see on a MLS listing or marketing piece for a home for sale is a 30 day/negotiable possession date offering. Sometimes buyers will get all worked up on the number.  "They said 30 ...

Thursday, Ask The Broker, Acessing My Home

Sometimes homeowners have questions or concerns about who is accessing their home and when.  These are normal concerns, and it's ok to ask them of your REALTOR.  Our home is our castle and you have the right to know who is coming and going and when they are to be accessing your home. The real estate agents that belong to the Central Alberta REALTORS Association all use what is called a ...

Thursday's Ask The Broker Foreclosures

With the change in the economy and employment we've unfortunately have seen an increase in the number of foreclosed properties on the market.  While foreclosures are not new, the increase in the number of foreclosed homes has made them more and more common place.  Due to this increase we've had a number of questions pertaining to foreclosures and the process such as: Can I still negotiate ...

Thursday's Ask The Broker (The broker was a slow typer so it's late)

This weeks question pertains to the deposit on an offer to purchase. I get the deposit if the buyer doesn't buy my house right? (asked from a seller) A common question this is on what happens to the deposit and why we would ask and hold one.  The deposit is part of the offer to purchase and would only be forfeited to the seller if the buyer removed conditions and failed to close on the ...

Thursday's Ask The Broker, May 3rd

We've been declined for financing and can't buy the property we put an offer in on.  Do I have to sign a non-waiver or does the deal just die? Many people are under the impression that once that condition day comes and goes, the deal is dead and the deposit is automatically refunded to the buyer.  This may not always be the case.  The Residential Offer To Purchase states: 3.5 ...

Thursday, Ask The Broker, Disclosure

What do I have to disclose to a buyer? Great question, and quite a common one.  In real estate transactions it is often the best course of action to always disclose when it comes to defects in the property or troubles from days gone by.  The last thing you would want is for the basement to be wet come spring time and the new owner learns from the neighbor that "oh ya they had water there ...

Thursday's Ask The Broker

What is an RPR and why do I need one? An RPR first off is an abbreviation for "Real Property Report".  Previously it may have been referred to as an Alberta Land Survey or Property Survey.  The RPR shows the corners and dimensions of your lot as well as where your home sits on that lot in relation to the boundaries and the improvements that are also present (detached garage, deck, and fence). ...

Search By Open House

Finding a home by the Internet keeps getting better and better but it just isn't the same as walking through the house now is it? When you find the right house, it's a feeling you get that tells you "ya this is the one".  Getting a helping hand with a real estate agent makes this part more convenient for you.  We can assist you with only showing you properties that fit your needs and budget ...

Friday Market Watch

Number of Active Residential MLS® Listings in Red Deer? 402 compared to 570 same time last year. Red Deer residential MLS® Sales for March 2012 so far compared to March 2011? 84 March to date versus 76 in March 2011.  Year to date sales volume numbers are 15% higher than last year Searching for a home then make sure you try us out at: http://www.century21.ca/advantage/Search/advantage

Reports Of The Market Heating Up, True or False?

Real Estate Sales reporting by agents is often based on their personal experiences, and "feelings".  It's quite common that you'll talk to a real estate agent and they will say things like "It feels like it;s getting busier out there". I'm sure I can fine anecdotal evidence and quotes from several real estate agents to support "busier market" statements.  The question is are these factual ...

Superbowl Sunday Look for Century 21

Superbowl commercials always garner a lot of attention.  This year capping off the 40th anniversary as a franchise real estate company Century 21 will be airing a Superbowl commercial.  Being a Century 21 Broker/Owner I must say it's pretty cool.  Talk about exposure for our brand which in turn creates added exposure for our clients. The Superbowl Commercial:  The Teasers: ...

Now Hiring for: Office Administrator Postion

TITLE:                      Office Administrator / Commercial Conveyancing STATUS:                   Full-Time (35 hours per week)  RESPONDS TO:      Operations Manager  General ...

One Simple Step To Improving Your Business

Running your business often creates plenty of opportunity to sit at your desk and review emails, financials, market trends, and engage in social media.  However all that screen time could be hurting your business.  Here is one simple step to improving your business regardless if it is real estate or not.... Walk Around. Managing your business by walking around is not new.  If you've ...

Setting Your Real Estate Business Goals

With 2012 approaching November and December is the time to reflect on the current year and finalize your plans for 2012.  For real estate agents planning for their business is a challenging exercise for many.  Sitting down and mapping out future activity and plans is not as common as it should be.  For some reason it's an area that gets neglected.    Typical response from those ...

Century 21 Goes Even More Mobile

If you've been searching online chances are you've been using your phone or mobile device to search for properties as well.  Now Century 21 Canada is on Android market! You can find it on Android market here: The features are: Search for properties on the go! - Search for nearby properties within a radius of your current location - View property details, including room layout, features ...

Balnced Market Soon?

2011 has been a transition year for sure.  Coming off of string buyer market conditions we are beginning to see signs of balanced market conditions.  However we're not fully there yet.  Not all price ranges are displaying the same market conditions and regionally the hyper local real estate markets are vastly different.  For now ...

How's The Market? November 2011 Update

November 2011 is seasonally a slower month.  Typically residential MLS sales volume for Red Deer declines as we get closer to Christmas.  Majority of people seem to be content with being settled for Christmas.  However sales occur daily and monthly through out the year and November is no exception. November 2011 Red Deer residential MLS sales sales volume was 11.5% higher than the ...

Twitter Tip, or Business Basics 101?

Do you answer your phone? How many times have you called a place of business and got the automated menu to select an extension of a person that isn't there?  It's awesome isn't it. If your in real estate, answer your phone.  It's simple.  You've advertised your phone number all over the internet, the yard sign, the yellow pages and handed it out on your business card so why is it so ...

Winter Wonderland

It's official winter has arrived today in Red Deer and Central Alberta.  We drive a little slower, walk a little brisker, and hibernate a bit more when the thermometer drops and the snow flies but it's still pretty awesome around here.  We may tend to forget about the joys of winter as we shovel the walks, scrape the windshields, and slip and slide but winter becomes a new showcase to enjoy. ...

Active Red Deer

When it comes to finding spaces to get outdoors and be healthy Red Deer has a lot to offer.  Red Deer boasts an extensive trail system that winds its way through out Red Deer, its parks and of course the serene and scenic river valley.  You could run down the sidewalk or take your bicycle to the streets but with trails leading north, south east and west you can take a more quieter and scenic ...

Facebook and Twitter for business

How do I use Twitter for business? How do I use Facebook for business? As the broker/owner and manager/coach to 50+ real estate agents I get asked those questions fairly often.  First thing is there is no "right way" to Twitter or use Facebook. There is NO right way to Twitter or use Facebook. You'll probably run into several people telling you that there is a certain etiquette or "how ...

Winter Market or Spring?

It should be no secret that the busiest season in Red Deer real estate is April, May and June.  The answer to the question then would be the second quarter of any given year, or is that merely the popular time and not necessarily the best time to move? 2011 closely resembles a typical Red Deer real estate sales trend: What makes the best time to move the best time?  A number of ...

Thank You Steve Jobs For The iPad

The iPhone is a phone I recommend to my agents when they ask "I'm looking for a new phone what should I get?". I always say iPhone. Why? Because it's easy to use. It's just simple, not a lot of pages and menus and command gestures and it will do what we need it to do. The biggest thing about the iPhone for me as a broker is that it is simple and easy to use.  Part of my day involves ...

Absorption Rates In Central Alberta

What are absorption rates and why would you want to know about them? Quite simply the absorption rate is a number shows the rate at which the inventory of homes for sale are being sold. A declining figure indicates people the inventory is decreasing as more homes are being sold than are coming onto the market. A rising absorption rate implies that there are more homes coming onto the market than ...

Red Deer Real Estate Update September 2011

End of September heralds in the fall market, and the closing of the third quarter for MLS® statistics.  Here in Red Deer residential sales have been positive for year over year growth and the supply side, namely listings, has decreased year over year.  When we started 2011 our expectations were for modest growth and a trend to a balanced market.  With the economic conditions in Alberta ...