Forget the falling condo prices, it is the use of a drone that is fuelling interest (once again) in Fort McMurray.
Investors who bemoan the quality of Realtor images and descriptions of the property and neighbourhood cannot complain about one agent’s marketing attempts.
A Fort McMurray based real estate company has recently started to use a drone to showcase some of the listings, with potential buyers able to see aerial images of the local neighbourhood.
The A-Team real estate company, owned by Tom and Breanna Albrecht, launched the service recently and is already seeing more listings on the back of the unique marketing initiative. And with condo prices having dipped in the area in recent times, they are expecting a revival of sorts from outside investors in the region.
“I think a lot of investors were hurt by the decrease in condo prices,” says Tom Albrecht about the investment landscape in Fort Mc. But, with a price correction, rising rents and a continuous influx of workers to the region, he says now is a good time to put Fort Mc back on the agenda.
“We had a listing that was sold for $175,000 and rental from that is $1,800 a month,” he tells CREW, adding that many locals are using the high levels of equity in their homes there to invest elsewhere, primarily manufacturing areas outside of the province to spread their portfolio. This, he says, leaves the market open to new investors who want to get into the area. “If you are searching for a return, and potentially price growth, Fort Mc now, for me, is a good spot.”
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