Home Buying Blogs – Edmonton

Home buying advice for Edmonton homeowners.

Found 53 blog entries about Home Buying Blogs – Edmonton.

4 Things to Know About Floor Plans

Many Stony Plain homebuyers look at a floor plan of a home before they buy it. This can help them to determine if it will meet their needs, as well as the general layout of the house. Reading a floor plan can be complicated, particularly since the small size often requires abbreviation. With this information, homeowners will understand how to read a floor plan, what to look for as they browse, and how to compare different options.

1. What Buyers Should Look For on the First Read

The floor plan is intended to give people a rough representation of how the property looks or will look once completed. Once buyers get used to reading plans, it can be easier to get a sense for what is included. At first, people should quickly identify:

  • number
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What You Need to Know About Renting Before Becoming a LandlordWhether a Spruce Grove property is purchased specifically as a rental property or a home previously lived in will be rented out, there's a lot more to being a successful landlord than one might initially conceive. Properties utilized as investments require much more than securing tenants and collecting rents, and here are five key ingredients landlords should have on hand.

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

1. A Solid Understanding of Tenancy and Rental Laws

Even if only one home is being rented, the law requires the fiscal beneficiary of proceeds to conduct their business in accordance with all applicable laws. By far, one of the most

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What to Do Before Buying Homes with a Septic TankA home with a septic tank in Canada can be a smart choice for any homeowner looking to cut down on their environmental impact. The odds of a raw sewage spill are lower than that of other plumbing systems. Still, there are a few things that homeowners should understand prior to buying a property with a septic system. The most important one is to research the specific building codes in the area to better understand the homeowner's responsibilities to the community.

Septic Tanks 101

Buyers should start with the most important facts to know about septic tanks:

  • Lifetime: Septic systems rarely last for longer than 25 years. If the tank is starting to edge closer to its expiration date, the buyer may need to negotiate with the seller.
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Are You a Difficult Home Buyer?Edmonton has plenty of different types of home buyers. When you seek out a real estate agent, it's not a bad idea to know what type of home buyer you are before you call an agent and get to shopping. Here are a few of the most common types of home buyers found in Edmonton.

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

Types of Home Buyers

There are a number of different home buying styles depending upon the personality of the buyer. Which one of these home buyers are you?

The Skeptic

A skeptic thinks everything is too good to be true and would want to know about every single detail of the home. If this is the type of buyer you are, you may

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What to Know About Open HousesWhether you’re buying a home or selling a home in Edmonton, open houses are a great tool to either find the home of your dreams or market your home to prospective buyers. Learn more about Edmonton open houses today to find out about marketing strategies, buying strategies, and etiquette for both buyers and sellers.

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

Going to Open Houses to Buy a New Home

Are you in the market to buy a home in the Edmonton area? Attending open houses are a great way to view a home, and see if it is right for you. Spring happens to be one of the busiest times in the home buying market.

Many buyers actively begin their

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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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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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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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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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