Saskatoon home seller has one strange pricing strategy

This image is a screenshot taken from the Saskatoon MLS system that displays the price history of a listed property. The home seller is clearly confused. He has adjusted his price 16 times including 9 reductions and 7 increases. That’s right. 7 increases. Oddly, the asking price is still higher than it was the day the home was introduced to the Saskatoon real estate market nearly 5 months ago.

Like almost everything else these days, this MLS history report reminded me of the volatility of stock market. I only wish that my investments were still priced higher than they were five months ago. 🙂

Saskatoon home seller has strange pricing strategy

I’m always happy to answer your Saskatoon real estate questions.  All of my contact info is here. Please feel free to call or email.

Follow our daily updates on Twitter @SaskatoonHomes.

Norm Fisher
Royal LePage Saskatoon Real Estate

If you want me to act quickly don’t give me all the time in the world

This is the lead statement in the general comments of a property first offered for sale on February 5, 2008.


Act quickly!! Offers will be accepted until February 20th 2008.


I have to ask myself, “Why should I act quickly?” It would seem to me that I have at least two weeks to get over there.

Most of us can understand a seller’s desire to leverage a seller’s market.


In my opinion, this is a good example of a seller shooting themselves in the foot, and most likely failing to achieve what they’re hoping to accomplish. It’s terribly difficult to generate a lot of excitement around a property that isn’t even really for sale. This property will be old news before the seller is anywhere near ready to look at offers. Many buyers will probably be reluctant to even give it the time of day.


Last year, while this was going on I did my best to keep my sellers focused on two day time periods. This is plenty of time to reach the most motivated buyers and create a bit of a buzz around a property. Any longer and time begins to work against you.


Read also: Seller’s will review all offers…someday

I’m always happy to answer your Saskatoon real estate questions.  All of my contact info is here. Please feel free to call or email.

Follow our daily updates on Twitter @SaskatoonHomes.

Norm Fisher
Royal LePage Saskatoon Real Estate

Smallest house in Toronto on the market

Smallest house in Toronto on the marketThe “smallest house in Toronto,” measuring just 300 square feet is being offered for sale at $173,000. That’s $577 per square foot.


Sitting on a narrow lot which measures in at 7.25 feet by 113.67 feet, this little charmer has been completely renovated from top to bottom. It features a living room, a kitchen, a bedroom, a bathroom and a decent back yard.


I was most impressed by the initiative taken by the listing agents, Christina Lopes and Louise Ruggiero of Sutton Group Security Real Estate Brokerage. These two go-getters have enhanced their listing to the fullest on MLSOnline including a sales brochure and a virtual tour which offers eighteen still images and four 360 degree panoramic images.


It’s hard to find an agent who will provide such a rich presentation on house ten times the size.

The virtual tour for the property is here.


Tip of the hat to Matthew Collinge of Vancouver who originally posted about this property on his blog.

I’m always happy to answer your Saskatoon real estate questions.  All of my contact info is here. Please feel free to call or email.

Follow our daily updates on Twitter @SaskatoonHomes.

Norm Fisher
Royal LePage Saskatoon Real Estate

Dirty, ugly, smelly house for sale

Dirty, ugly, smelly house for saleIt may be dirty, ugly and smelly but according to this website (no longer available), it also offers “Great bones, and a great location.”


Shocking as it may be, there’s something remarkably refreshing about the truthful approach that this agent has taken to marketing this property. Let’s face it, this is an ugly house and trying to convince prospective buyers that it’s anything but only serves to insult their intelligence. It’s not like they won’t notice once they arrive for a viewing. What’s the point in putting them through those hoops if they’re not open to purchasing a mutt? This forward approach also serves the seller by targeting the appropriate niche, and qualifying buyers. Assuming it’s priced properly, it should sell.


I can’t say that I’ve ever gone quite this far, but I can’t ever recall have a listing which would deserve such a tough description. I can tell you that it pays to be forthright in a real estate advertisement. Earlier this year; I listed a property which was built in the late 70’s and hadn’t seen an upgrade since. I started my ad by saying, “It’s not the prettiest house on the block and it’s definitely time for some upgrades but this 1,080 square foot bi-level is priced right and provides an excellent opportunity for an affordable home in a great family neighbourhood.” After a couple of days of pre-promotion, the home had 43 showings its first day on the market, attracted 16 offers, and sold for $27,000 more than the asking price. There’s obviously a great market for homes that need work. Why shouldn’t we let you know it when we have one for sale?


I’m always happy to answer your Saskatoon real estate questions.  All of my contact info is here. Please feel free to call or email.

Follow our daily updates on Twitter @SaskatoonHomes.

Norm Fisher
Royal LePage Saskatoon Real Estate

Can you throw in a free car with that house?

Can you throw in a free car with that house?The Edmonton real estate market may be starting to show some positive signs with active residential listings dropping around 10% in recent months, but this ad makes it obvious that some seller’s are motivated and ready to do what needs to be done to attract a buyer.


Edmonton builder, Coventry Homes is lobbing out an offer which I’ve never seen before – “…buy one of Coventry’s feature semi-detached or single-family show homes and you’ll get a 2008 City Golf at no additional cost.”


Is now a good time to buy an Edmonton home? Ask Sheldon or Sara. They seem to really know their market.

I’m always happy to answer your Saskatoon real estate questions.  All of my contact info is here. Please feel free to call or email.

Follow our daily updates on Twitter @SaskatoonHomes.

Norm Fisher
Royal LePage Saskatoon Real Estate