Spring is upon us and with it brings the most popular time of year for real estate in Edmonton – and for good reason! If you’ve been thinking about buying a home in the capital region this spring, here are five key advantages to look forward to.

1. It’s a Buyer’s Market 

In real estate, a buyer’s market refers to when the number of homes available on the market outweighs the current demand – ultimately resulting in lower sale prices. And, although spring typically sees more Edmonton homebuyers than any other time of year, this buyer-favouring trend is expected to continue. Other advantages of a buyer’s market include:

  • Less Competition
  • More Room For Negotiation
  • Fewer Bidding Wars
  • More Buyer Concessions
  • Etc.

2. More Homes…

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Become mortgage-free a whole lot faster with the help of these five easy tips:

1. Opt For Accelerated Payments

Depending on the terms and conditions outlined in your mortgage contract, you may be able to make accelerated payments. This option allows you to make weekly or biweekly payments, amounting to roughly the same total you’d expect monthly. However, by paying more than once a month, you’ll be able to save on interest charges and make approximately one extra mortgage payment per year.

2. Increase Your Payments 

Of course, increasing how much you pay, even if it’s only by a small amount, is a surefire way to become mortgage-free faster. Here again, you’ll have to refer to your mortgage contract as you may only be able to boost your…

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Whether you’re thinking about putting your home up for sale or simply looking for ways to improve its overall value, these top 3 renovations will deliver the biggest bang for your buck:

Kitchen Renovation and/or Update 

While kitchen renovations can be among the most expensive, they also carry the healthiest ROL.

ROI = 75-100%

Average Cost:

Smaller Renovation (i.e. fresh paint, refinishing cabinets upgrading hardware and a new backsplash) = $13,049 – $19,574

Larger Renovation (custom cabinetry, granite countertops, hardwood flooring and high-end appliances) = $40,000 and up

Budget Recommendation = 5-15% of your home’s overall value

Tips For Saving On Your Kitchen Renovation:

  • Opt for Stock Instead of Custom – For instance,…

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From increasing your monthly income to padding your retirement fund, with the right planning and the right property, real estate has the potential to deliver some incredible benefits.

Here are just a few of the many great reasons why you should consider investing in real estate:

A Steadier Cash Flow

One of the first and most obvious reasons why people opt to invest in real estate is to improve their cash flow. A great way to supplement your current earnings, income properties can deliver a significant financial surplus depending on how and where you choose to invest. In short, any funds left after paying the mortgage and additional expenses (which may include utilities, repairs and maintenance, etc.) is extra money in your pocket.

Building…

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Sell your home quickly (and for more money) by avoiding these common, costly mistakes.

1. Doing It On Your Own 

Many home sellers opt to forgo commission costs by attempting to sell their own home. However, For-Sale-By-Owner (FSBO) transactions often result in homes sitting on the market longer – costing the seller the same amount (if not more), than if they’d chosen to work with a REALTOR® in the first place. 

Other expenses FSBO sellers may not be prepared for, but are otherwise covered by a REALTOR®, are real estate advertising and marketing costs – which are absolutely necessary if you hope to attract qualified buyers to your home.

2. Not Pricing Correctly 

Yet another perk of working with a qualified Edmonton REALTOR® is that many…

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Don’t let buyer’s market conditions deter you from listing your home for a great sale. Instead, take advantage of these top three buyer’s market benefits.

1. You Have a REALTOR® on Your Side 

Home sellers working with a qualified Edmonton REALTOR® will always have the edge they need to succeed in a buyer’s market. Here’s why:

  • Your REALTOR® will help you capitalize and improve upon your home’s value as much as possible prior to listing, allowing you squeeze every dollar from your home sale. 
  • They’ll list your home for a fair yet competitive asking price, putting you in a good position to sell your home fast and for top dollar.
  • They will create a competitive marketing plan that guarantees you’ll be noticed by buyers (this includes an…

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Avoid unwelcome surprises when purchasing your next home by preparing for these additional home buying expenses.

Home Inspection 

While home inspections are optional, any good REALTOR® will encourage you to have one done before putting in an offer. This is an essential step if you hope to avoid costly repairs, maintenance or other home-related issues later on.

Estimated Cost: $200 – $500

Adjustments 

In short, adjustments are costs accumulated between your closing day and when you begin making your first payments. These might include interest charges and other prorated costs associated with utilities, fees or property taxes prepaid by the seller.

Estimated Cost: $400 – $700

Property Taxes

First-time buyers, especially, need to…

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Although selling your current home before buying your next one is an ideal scenario for most homeowners, things don’t always go as planned. Maybe you stumbled across your new dream home before you were ready to list your existing one. Or perhaps you’ve accepted a new job position that requires you to pack up and leave in a hurry.

Whatever the case, it IS possible to buy a new home before selling your old one. Here’s how:

HELOC 

Otherwise known as a Home Equity Line of Credit, a HELOC is a revolving line of credit secured against your home. In short, this allows you to put your existing home equity to work as a loan, accompanied by a set interest rate and monthly payments.

While homeowners opt for HELOC loans for a variety of reasons (i.e.…

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Are you thinking about selling your home? We’re talking to you! Find out everything you need to know about home evaluations and how they help you sell your home quickly and for top dollar!

What is a Home Evaluation Anyway? 

Contrary to your home’s assessed value, a home evaluation will give you an idea as to what your home is actually worth based on current market conditions (otherwise known as your home’s market value). Typically conducted by a qualified real estate professional, an evaluation will tell you how much buyers will be willing to pay for your home within a 30-90-day period.

Could My Home Be Worth More Than What I Paid?

Yes! Maybe.

As we mentioned above, your home’s market value depends on current conditions. In a seller’s…

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One of the best parts about living in Edmonton is the many winter-themed activities, events and attractions that make it such a “cool” place to live. If you’re looking for a few fun, affordable, family-friendly events to add to your calendar this season, here are a few ideas:

1. Snowshoe and Stargaze

When: Saturdays, December through February 15th

Marvel at the starry night sky as you snowshoe your way around Elk Island – one of Canada’s many revered national parks and conservation reserves. This one-of-a-kind experience takes visitors on a short, guided snowshoe hike with interactive interpretation of the constellations above. Fireside snacks and refreshments are provided at no extra charge. 

2. Experience the Deep Freeze 

When:…

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