We’re welcoming Michael and Cole Grekul from MaxWell Progressive in today’s episode. The father-son duo will bring us through topics such as renting versus buying, the challenges faced by new realtors during the pandemic, and strategies for both buyers and sellers in the current market. They also emphasize the importance of preparation and financial prudence in property transactions, plus they’ll share personal tales from their experiences in the industry.
[0:01:15] Why transitioning from hospitality to real estate offered a sustainable career path.
[0:02:45] How in-migration patterns impact Edmonton’s real estate market and local economy.
[0:03:50] Why new Canadians face unique challenges when buying their first homes in Alberta.
[0:10:08] How renting can provide financial flexibility for the elderly after selling their home.
[0:11:30] Why renting before buying helps newcomers get acquainted with Edmonton’s neighbourhoods.
[0:12:50] How the pandemic created learning curves for new realtors.
[0:13:45] Why understanding clients’ needs is crucial in hot markets and multiple offer scenarios.
[0:21:49] How the emotional rollercoaster of real estate can lead to rewarding wins and challenging losses.
[0:22:20] Why financial prudence is essential when dealing with clients’ budgets in property transactions.
[0:25:24] How generational wisdom about the value of land influences long-term vision in real estate.
[0:26:10] Why selecting a compatible realtor involves interviews, referrals, and trusting instincts.
[0:27:35] How market pressure remains despite a healthy inventory.
[0:32:33] Why preparation is key for sellers to make a strong first impression with their homes.
[0:33:45] How buyers’ financial positions affect offer strategies in competitive situations.
[0:34:10] Why professional advice is vital to navigate complex decisions in real estate transactions.
[0:35:49] How patience and strategic planning can benefit those looking to rebuild credit and manage debt.