An Edmonton Real Estate Blog

Last week it was announced there would be some changes to the current mortgage rules. The following changes officially take effect March 18, 2011. However, many lenders have already started switching over in preparation.

The federal  government made the decision to reduce the mortgage amortization from 35 to 30 years. Similar to last years cut from 40 to 35. This will decrease the home owners ability to access their current equity.  This will also affect the amount consumers qualify for when purchasing a new home. It is speculated it will slowly make its way to 25 year amortization caps which, historically, was the norm for many years. Read More…

Moving in Edmonton is a personal thing, and there are those who who choose to hire moving companies.
There are varying levels of service, for example: packing. Some choose to pack their own belongings, while others prefer to walk into their new home without having to lift a box.
Of course there are advantages to every approach, it is important to choose which solution best suits your needs.

Hiring A Packer
A large handful who choose to pack themselves do it to save money on the go. While that may be the case – that is only true if all your belongings make it from one location to another unscathed. Moving companies are not held responsible for damage due to poor packing. Read More…

Is your listed home not getting very many, or no showings at all? It might be time to check up on your agents work… There’s a very good chance you have a serious case of Edmonton Home Buyer Repellent.

Sometimes I feel sorry for home sellers. I look at their home listed in the MLS and it has buyer repellent sprayed all over it. Presumably, the sellers have no idea.
Now, you’re probably wondering what Buyer Repellent is. Buyer Repellent is a poorly put together information sheet. Here are some more details regarding what repellent is and how to get rid of it! Read More…

Whether you’re buying or selling an Edmonton home, contrary to popular belief, this is a great time to be getting into the Edmonton real estate market.
Stop to consider some of the following points before you decide to hold off until the new year or not…

• Holiday Cheer
• Whether you’re buying or selling, this could work in your favor. Holiday cheer means better moods, giving spirits and sweeter deals… Tis the season for accepted offers. Read More…

Your home is most likely your single largest and most important asset. For that reason alone, the sale of your Edmonton home will likely be among some of the more important decisions of your life.
Understanding the home selling process is important, as such… Here are several tips on how to ensure a smoother transaction.

• Determine why you are selling your home.
• Your motivation for selling can determine how you approach the selling process. Your motivation can affect the price you ask, to how much time, effort and money you are ready to invest in the sale of your home. Read More…

*An REO or Real Estate Owned property is a home that’s been through the foreclosure process and is now held by the lending institution.

REO (real estate owned) Homes are a phenomenal way to invest in an Edmonton home or rental property. Generally, you will get your property for far less than if you were to go through the usual facets. But be aware! You definitely want to be wary of; a lower price isn’t a bargain if the house has too many problems.
So take proper precautions when you’re evaluating whether a home is a good deal or not.

When considering REO homes, there are several potential problems you should look over… And then look over again.
For just a few hundred dollars, make sure to hire a home inspector. They can do a thorough inspection and give you a detailed report on the condition of your  Edmonton REO home. You may be pleasantly surprised to receive a report stating everything is up to code and in excellent shape.
The peace of mind you gain is well worth the small fee you pay for the inspection. Read More…

Most Edmonton home owners take a lot of pride in the work they have put into their home. Thus, it is tough for them to have an objective view on something, they personally, have poured their heart and souls into.
So, what are your efforts really worth? Read More…

Buyers make these 10 mistakes every single day. This is your first step to ensuring you don’t fall victim to these common pitfalls.

1. Not choosing an associate who is committed to forming a strong business relationship with you.
Making a connection with the right professional is  Read More…

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I apologize for any inconveniences.