All Blog Entries by EdmontonRealEstate.ca Team

Found 136 blog entries published by EdmontonRealEstate.ca Team.

Buying a Home in an Age-Restricted CommunityBuying a home in an age-restricted community is much different from buying a normal single-family home. Knowing what to expect can help you prepare for the purchase process and what comes after. If you're a home buyer, here's what you need to know.

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

Buyers Must Budget for HOA Fees

Most age-restricted communities have homeowner's associations (HOA). Buyers who are looking to buy in one of these communities must budget for the HOA fees, which can go up depending on the property amenities and the kind of work that needs to be done.

There is Likely an Application Process

The HOA may have an application

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New Vinyl Window MaintenanceA homeowner who has had new windows installed should be aware of the need for proper maintenance. Improper use and human negligence can result in breaks that would not be covered under the standard warranty.

Long lasting vinyl is susceptible to damage over time. Canadian homeowners who properly maintain their vinyl windows can help them last their expected lifetime. Great windows can be a great marketing idea to help sell homes faster and possibly for more money. Understand more about vinyl window maintenance fundamentals for optimal performance today.

Correct Operation of Windows

There are nuances involved with opening and closing vinyl windows. Many common problems like cracking and bowing of window frames or sashes occur due to mishandling.

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Everything You Need to Know About Home InsuranceHome insurance helps protect homeowners from financial liability when their property is damaged. While home insurance policies may vary, many insurance policies cover disasters like fire, lightning strike, vandalism and theft, and home buyers who are about to purchase a home often spend time exploring their home insurance options to get the best deal for their money. Understanding the need for home insurance and the different kinds of home insurance can help home buyers decide what type of insurance is right for them.

Mortgage Lenders Require Home Insurance

Many home buyers will begin their search for home insurance by asking whether or not it's a requirement. Homeowners are not required by law to have home insurance, but mortgage lenders require

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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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Can Drones Help Sell Your Home?Do you know what a drone is? Have you ever seen one flying around your neighbourhood? If you haven't yet, it is only a matter of time. This is because drone photography is slowly, but surely becoming more popular in the real estate world.

These drones have cameras attached to them. These cameras allow the drones to take perfect videos and pictures. They can hover just inches away from the ground or they can soar several hundred feet through the air.

What Are These So Popular?

What is one thing that you are always told has to be part of your real estate listing? Picture – no one likes looking at house listings that do not include pictures. They want to get a first impression of the house to see if they even like the way it looks.

Now, what

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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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