Edmonton Real Estate Blog

What to Know About Real Estate MarketingIf you are looking to sell property fast, then your luck might just be in, for Edmonton's real estate market is positively booming right now as migrants continue to pour into the city in search of employment opportunities and a better lifestyle.

By implementing some of the effective measures listed below you can increase the desirability of your home tremendously, boost its value, and attract a quick sale.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

Showcase Your Home

The first step is to prepare your home and make sure it's in the best possible condition when potential buyers come to view it. You will never sell property fast if your home

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What to Know About Self-Employed MortgagesAnybody running his or her own business knows obtaining financing for anything is a bit more of a hassle compared to someone with a job. It's difficult to get a mortgage for just about anybody, but the self-employed have to go through quite a bit more.

The Face of Self-Employment in Calgary

After the economic downturn, more people started their own businesses and decided this was better than returning to the workforce and collecting a regular paycheck. The only issue, these same people are ready to upgrade their homes or finally purchase a home. They are quickly discovering how hard it can be to obtain a mortgage when you work for yourself.

With so many self-employed individuals applying for mortgages, lenders have been forced to take a second

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Interest Rates on Mortgage LoansThe average Canadian homebuyer will need to apply for financing for their home purchase. Such a route makes homeownership accessible, but some may be worried about high interest rates as part of the loan agreement. As borrowers will be making payments involving the loan principal and interest, it is useful to understand more about how interest rates work.

For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.

Why Are Interest Rates Important?

It is not enough for a borrower to be approved for a loan and pay back only the principal. Lenders take on a certain amount of risk as some individuals may default on a home loan. Interest rates are intended as an incentive

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House Under UmbrellaEverybody needs title insurance when they're applying for a home loan, but before you sign up for one try to learn about your options.

If you're brand spanking new in the world of real estate and you don't know your title insurance from your real estate taxes, then read on. Title insurance is an insurance policy that protects you from any title problems of your home or from any challenges in ownership. It is just among the many requirements you need to get for a housing loan. It's either you purchase your title or you don't get a loan at all.

The Benefits of Title Insurance

When you're acquiring a home, you'd like to have the peace of mind that the sellers of your dream house have full and legal title of the property. The realtor who is

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Garage OrganizationThe snow has been gone for a little while and the summer is really here. It is time to start thinking of how to reorganize that garage that you have been putting off since last summer.

Summer is the time that your garage is going to be used the most. The mountain bikes are in and out as are the golf clubs, the soccer gear and quite a bit of other outdoor items.

Develop a Structured Organization Plan

Take a good look at the layout of your garage in order to develop a plan of organization. Categorize your belongings based on how often you use the items, how accessible it needs to be, or by the type of item it is. You can use categories, such as lawn care items, sports equipment, and tools, or you can place your most used items in a convenient

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How to Market Your Rental PropertyAs a property owner or manager, you can offer all kinds of incentives to lure in prospective renters. With Edmonton's rising vacancy rate, it's not uncommon to see Edmonton investors landlords offering the first month free or free cable or other utilities when tenants sign a long lease. But, it takes more than perks to get good, quality candidates through the door.

Your property has to shine and shine brighter than everyone else's property. The amount of rent you charge has to be fair and appropriate. If you have a home for rent and its sitting idle and costing you money, take a look at what might bring your property some action.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any

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How Real Estate Comparables Can Mess Up Your Perception of Your Home's ValueStats are a common tool used to help you with the purchase of an Edmonton home. They can help you understand the real estate market better. However, they can also inadvertently hurt you, especially if you plan to purchase a luxury property.

You can certainly use statistics to get a good idea of the average price in a specific community. They can also be used to help get a more accurate look at the actual community and to negotiate a better price. However, they can also be used in the wrong way. Here are some of the most common ways stats can trip you up.

Single Sales

Instead of using averages, using single sales can really trip you up. Whenever possible, you want to use the average of at least 10 sales in the neighbourhood or zone. This makes

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Home SoldPurchasing an Edmonton home represents a significant financial investment. For most families, it is the largest investment of their lifetime. Buying a home is often charged with a number of heavy emotions, including fear, excitement and even guilt.

The guilt associated with purchasing a home is sometimes referred to as "buyer's remorse." Rather than falling for such a trap, you can use the following tips to overcome the difficulty before it becomes an issue for you.

Top Tips for Avoiding Buyer's Remorse

Understand the Buying Process – Going to the closing table with your eyes open is one of the most important things to do for overcoming buyer's remorse. Talk to others who have already purchased a home as well as real estate specialists, who

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What to Consider Before Buying a Vacation HomeA vacation home not only gives an owner a beautiful place to visit whenever they want a break from the norm, it also opens the door to secondary income if the owner chooses to rent out the home during parts of the year. The rules of Canadian real estate change from primary residences to secondary vacation homes though, so keep the following in mind before contacting a real estate agent to buy a home.

Practical Concerns

Before deciding on a location, a buyer should thoroughly know the area, be it in the Magrath real estate market or elsewhere. Rental rules change from place to place, and they may directly interfere with when and how you can rent the property out. In addition to local ordinances, building and zoning laws can make it difficult to

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The ROI of Installing a Deck On Your HomeThe ultimate goal of reselling a home is always to try to sell it for more than you paid for it. At the very least, you want to sell it for what you paid for it so you can get your money back. Unfortunately, it is very hard to sell a home for what you paid for it or to sell it for more than you paid for it after you've lived in it.

The value of your home declines as you live in it. Things start to become worn out and the home begins to need work done. The longer you live in the home, the more the value declines. There are, however, things you can do to increase the value of your home. This way you can make some money out of it after living in it. The question is: can you increase the value if you add a deck or a patio to your property?

Yes, a New

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