New To Canada? Tips To Build Your Credit and Buy an Edmonton Home

Tue, 03 Dec by Terry Paranych

Are You A Newcomer Thinking Of Buying An Edmonton Home?

Canada is known for being a multicultural nation, with thousands of people immigrating to Canada and moving to Edmonton each year. Some of the struggles newcomers could face is navigating the Canadian banking system and establishing a credit history. TeamParanych® believes that with the right advice and support, any Edmonton resident can buy a real estate property or rent an Edmonton home. Below are some tips for newcomers or current residents to help you build your credit.

Family with boxes moving into new home smiling1) Obtain A Secured Credit Card
The main difference between a secure credit card and a regular credit card is that a secured credit card requires you set aside a certain amount of money. This gives the lending institution greater peace of mind knowing you will make timely payments. Over time you can build a strong credit history simply by making credit card payments when required. After you are confident with their credit rating, you can apply for an unsecured credit card.

2) Make Timely Bill Payments
Unfortunately, tardy bill payments could have a negative effect on your credit rating. If you have to make multiple payment on various bills, consider setting up an automatic transfer or automatic withdrawl for your recurring payments. Keep in mind that it’s just as important to pay the full amount of your bill. So even if you have to pay the minimum amount required, you’re still making the full payment.

3) Check Before Applying For A Mortgage.
If you’re a newcomer considering purchasing an Edmonton real estate property, TeamParanych® recommends checking your credit score 6 months before applying for a mortgage. That way you will have plenty of time to correct any imperfections in your credit. A good thing to keep in mind when you are thinking of applying for a mortgage is that you may need to invest up to 18 months to develop a strong enough credit to qualify for a mortgage.

When trying to build your credit history and credit rating, remember that it takes time. Be patient when building your credit history and educate yourself on the banking system. If you feel that you need additional help, ask a financial services representative. Many banking institutions would be more than happy to sit down with you to answer any questions and help you create a financial plan.

If you’re a newcomer thinking about buying a home in Edmonton, give Terry Paranych a call. Through a complimentary Home Buyers Consultation, Terry can assess your property needs and connect you with knowledgeable business affiliates such as Mortgage Advisors. Terry enjoys connecting people with their dream home so they can start a better life!

Presenting South Edmonton Real Estate!

Tue, 08 Oct by Terry Paranych

The unveiling of South Edmonton Real Estate

When we created North Edmonton Real Estate, it only seemed right that we pair the site with its polar opposite to make searching for real estate properties in the Southern half of the city even easier! Presenting South Edmonton Real Estate, your next real estate solution.

This exclusive website is powered by Team Paranych , who were motivated by the ongoing residential developments south of the river. Their vision was to create a resource hub for people who are searching for real estate properties, but want to live within a specific area. South Edmonton Real estate features: South Edmonton Real Estate

  • Education. Area information, market statistics, communities, and entertainment options can be found here, along with many more tools for your convenience.
  • Property Searches. Whether you’re searching Southeast Edmonton for homes for sale, buying a Southwest Edmonton property, or looking for a South Edmonton rental property- this website has everything to make your house hunting experience a positive one.
  • Buying & Selling Links. South Edmonton Real Estate has links to guide you when buying a home, moving to South Edmonton, or selling a home.

If you’re thinking about moving to arguably one of Edmonton’s preferred real estate areas, don’t delay!

Visit South Edmonton Real Estate or contact Terry Paranych at (780) 457-4777 today and start packing.

North Edmonton Real Estate Launched!

Tue, 24 Sep by Terry Paranych

Finding Real Estate in North Edmonton just got easier!

The Terry Paranych team presents a comprehensive new website created for homeowners looking to buy or sell properties in Edmonton’s northern communities. Whether you’re seeking a single-family home, townhouse, or condo, North Edmonton Real Estate will help you find a place to call your own. This fresh new website features:

North Edmonton Real Estate

Searches- Team Paranych® knows that when it comes to Edmonton real estate, it’s all about location, location, location! As a result, you will find multiple searches on this website for your house hunting convenience. You can search Northeast homes for sale, as well as Search Northwest Condos and Townhouses! No matter the location, North Edmonton Real Estate has you covered!

Information- Are you unsure about buying North Edmonton homes for sale? Learn about the area! North Edmonton Real Estate also has informative content about Northeast and Northwest communities. This includes: market conditions, local amenities, entertainment options, and current residents.

Selling Resources- If you’re looking to sell your North Edmonton home, you can rest assured your home is in the right hands with Team Paranych®. When you list with Team Paranych® they will help you set the Right Price, look after the details, and give you the freedom to accept the offer that is best for you.

Whether you are looking to buy or sell real estate in Edmonton’s northern communities, Terry Paranych and his team invite you to take a look at North Edmonton Real Estate, a site made just for you. Contact Terry today and start packing!

Edmonton Housing Market & Mortgages

Tue, 10 Sep by Terry Paranych

Edmonton’s Mortgage Rates are very positive and our housing Market remains strong– which has surprised many analysts. Truth is, our housing market is booming because our city continues to thrive. Our residential developments and our fostering job market constantly attract visitors as well as new residents, who help boost our economy.

As more developments pop up in and around the city, many Edmonton residents are beginning to ask themselves, “is it time to buy our own home?” Well if you’re thinking about buying an Edmonton home for sale, keep the following quick tips in mind:

Edmonton Housing Market & Mortgages

  • Educate yourself. Did you know that on September 4th, 2013 the Bank of Canada announced it will maintain its overnight rate target at 1 percent? The low overnight rate target influences other interest rates as well as mortgages. It never hurts to go out and research some of the options and current events that could affect your mortgage payments.
  • Consider a higher payment or more frequent payments. By carefully weighing out your options and developing a solid mortgage repayment plan, you can obtain financial freedom faster. Be sure to thoroughly understand topics such as types of mortgages and interest rates.
  • Hire a mortgage professional. TeamParanych® can connect you with mortgage pros in and around Edmonton. Our list of trusted business associates will work with you to help you find the best mortgage option available. They can also answer any questions you may have.

Before you purchase a property it is advisable that you know the current trends in the Canadian Housing Market and how they can benefit you. Terry Paranych and his team can help you understand the Edmonton Housing Market, your mortgage options available, and how you can find the Edmonton property of your dreams. Contact TeamParanych® today for more information!

Laws of Selling Real Estate

Tue, 03 Sep by Terry Paranych

According to an article by Phoenix Real Estate Agent Jay Thompson, there are Immutable Laws when Buying and Selling Real Estate. We thought some of these laws were interesting and applicable to Edmonton homeowners so we decided to share them with you:

Laws Of Selling Real Estate

“It does not matter what your home was worth in the past.” When it comes to real estate, the market fluctuates, trends develop, and property values decrease. Homeowners looking to sell their Edmonton homes, need to live in the present and accept what their home is currently worth. It will save you the headache and stress during the rest of the selling process.

“A home is worth what a buyer thinks its worth.” Folks often wonder why their home sat on the market for so long when its asking price was ‘reasonable.’ At the end of the day it comes down to finding the Right Buyer. If that buyer agrees your home is worth your asking price or close to it, and they can obtain the funds then your home will sell. That’s why Team Paranych doesn’t just throw your home on the market, our Your Home Sold in 30 Days Program helps find you the Right Buyer.

“Money spent on maintaining your home adds zero to the home’s value (though maintenance will help keep your home’s value from decreasing.” If you are looking to sell your Edmonton home, don’t spend hundreds of dollars on home renovations! For every dollar that you spend, you’re only going to get about 25 cents of it back. Focus more on your home’s curb appeal, it’s cleanliness, and try adding a fresh coat of paint. Watch Terry’s Real Estate Minute: Edmonton Home Renovations- Are They Necessary Prior To Selling for more information.

If you’re looking to sell your Edmonton home or looking for an Edmonton home for sale, trust the Terry Paranych team.

The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the REALTORS® Association of Edmonton. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.