Hudson Bay, Sask property values uncertain due to speculation!

By
Real Estate Agent with Royal LePage Renaud Realty

Home owners are caught up in a speculation trend. For lack of a better word, the future speculations of this town has played this towns market like a fiddle. One day Hudson Bay to be the next little Fort Mac, the next day nothing is moving, nothing is happening.

In the mind of the seller: If I sell today for this I will miss the great boom which is SUPPOSE to happen, if I sell to cheap I will regret what I could have gotten for my property when it does happen if it does.

Looking at things Realistacally, if you need to sell today then put a fair market value on the property and if you want to buy then offer the fair market value. Not that hard is it .

If it was only that easy you wouldn't need an agent. Hopefully with local agents who know the market as well as the properties we can get these buyers and sellers to meet on an appropriate price.

Two things are for certain, it cost a certain amount to build and land will always be a good investment. Just how much is it worth to you as a seller and a buyer is the question?

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Rainer
49,721
John Rossi
RE/MAX West Realty Inc., - Woodbridge, ON

Oh yes, speculation.  There was this old professor of mine, who said to me,   there are people out there still waiting to make that great fantastic move to make themselves huge profits.  Mean while there's the other investor who saw profits right before his eyes and made several moves. Who do you think is going to be better off given the same amount value from the start.

December 30, 2007 12:43 PM #1
Rainer
48,817
Clark Hitchcock
Re/Max Nyda Realty Inc - Chilliwack, BC
Realtor - Fraser Valley

I am so surprised to see Hudson Bay Saskatchewan on Active Rain. I grew up on a farm 42 miles from the moose capital of the world as it bills itself. I got a Christmas card and letter from friends that were laid off of the mill that shut down last Christmas there. I saw friends in Mission BC that come from HB and they are still working in the other mill that is operating in HB. I used to farm 42 miles from there at a place called Somme Sask, and I used to work in the bush first south of Somme then north of HB before I moved to Chilliwack BC 20 years ago. I still have a cousin now retired in HB named Jay Hitchcock.  Whew what a small world. All the best in your marketplace Corinne.

December 30, 2007 06:37 PM #2
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Rainer
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Corinne Reine

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