Edmonton, Alberta Canada (PressExposure) August 01, 2008 -- It's not only the summer heat that is getting Edmonton, Alberta homeowners hot and bothered. Anyone trying to sell their property now is bound to realize with 11,000 listing on the MLS.ca that selling your home will be a little tougher than expected. Property owners in Edmonton who really must sell are being helped out of a hard place by Todd Millar of Glenn Simon Inc., an Alberta incorporated Investment Company that buys investment real estate in the Edmonton area.
Edmonton and Alberta as a whole has an incredibly economically sound market, but the price increases seen from 2006 to 2007 caused the housing market to slightly overheat and nearly upset Edmonton's legendary affordability. However, being the healthy market that it is, a 5% to 7% cooling has kept affordability at a reasonable level. The only problem is many real estate investors and speculators got into the market too late and now find this cooling period daunting if not down right scary. For those that must sell they need to make their houses stand out to buyers. That is where Millar comes in. He offers buyers the chance to sell their property quickly and easily by doing Agreements For Sale (AFS) where the seller can hold the mortgage, get monthly cash flow and sell their property on excellent terms.
Why are Agreement For Sales appealing? America's sub-prime meltdown has had a ripple effect around the world. In Canada where banks are much stricter with lending policies and Canadians are generally more conservative in their down payments there is little chance of a sub-prime meltdown but Canada's apparent economic resilience hasn't stopped major banks from tightening lending to investors. So what do investors do when they can't get mortgages? They get innovative. Agreement For Sales allows real estate investors who might not meet bank's lending policies continue to purchase investment properties and it allows sellers to make their properties stand out in a buyer's market.
"I help people get out when they have to. We give fair deals and we have satisfied clients who are out of a property they didn't want to be in anymore." Todd Millar, president of Glenn Simon Inc.