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Edmonton House Hunting

Edmonton's Advanced Marketing REALTORS®

The Edmonton Real Estate Blog, Market Information, Advise & Opinion

 

Selling a House During the Holidays

 

Christmas can be a hectic time of your and trying to keep your home tidy for showings may seem to be a daunting task. Below are some tips to help you make selling your home during the Christmas season a little easier.

Make it festive! Having a few wrapped presents out on kitchen counters, dressers and cabinets will hide any imperfections and easily add a spark of color to each room. Be creative with your wrapping paper.

Cover up pet odors! Bake a cake or cookies and have fun decorating. Add a "Help yourself" note beside your creations. It will help those buyers feel more at home.

Add some music. If you live on or near a main road, adding a bit of cheery Christmas music will drown out traffic noise.

Add some sparkle. Christmas candy in a crystal candy dish, white candles with silver glitter. People love sparkle!

This is one of the best times to be selling a house, especially to a family. Make it inviting. Let those buyers picture themselves in your home.

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Audrey and Mike have listed a new property at 4062 33A ST in Edmonton.
An inner city urban oasis featuring a tranquil waterfall, pond with koi fish, mature foliage and trees, private fenced off garden area, fire pit, flagstone walking paths and huge west facing covered deck overlooking a spectacular landscape. Indoors, both the upstairs and downstairs kitchens are bright, open and offer ample counter and cupboard space. This home has plenty of built in storage, a large foyer, a formal dining room, massive loft, 3.5 bedrooms, 4 bathrooms, wood burning and gas fireplaces, loft over looking the foyer, a completely finished basement, underground sprinklers, R.V. Parking with an 8 foot door and so much more. An amazing home with an amazing view! Audrey at 780-910-5179 or Mike at 780-242-5229 or email us to view this home
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Audrey and Mike have listed a new property at 102 6315 135 AVE in Edmonton.
At almost 700 sq ft, this luxury 1 bedroom condo in located in Holland Gardens, a highly desirable complex close to Londonderry Mall. Situated on main floor for security, this non-smoking home includes a modern open concept floor plan. Good size kitchen has black appliances, plenty of cabinets & counters including large working island. Living room is large with patio door leading to outside, perfect for guest access & extra parking. Other features include high ceilings, large bedroom with 2 closets, insuite laundry with storage room, laminate flooring & BBQ gasline. No more winter scraping with underground parking stall & secured storage cage. Pet friendly complex offers a complete fitness room plus plenty of visitor parking stalls & on-street parking. Condominium contributions include unlimited ELECTRICITY, HEAT, WATER, lawn care with snow removal and all exterior maintenance. Close to public transit, thorough ways & all shopping. With a quick possession, this home shows great & is priced perfect. Audrey at 780-910-5179 or Mike at 780-242-5229 or email us to view this home
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NEW YEARS IS TOO LATE!

With the change in upcoming qualifing mortgage rules, there is some good news.

Pre-Approvals committed before January 1st will remain valid up to 120 days following the initial credit decision. Approved applications closing beyond January 1st will remain valid; no re-adjudication is required as a result of the qualifying rate update.

Expect the average Canadian's home purchasing power for a given income to be reduced 15-20%. Here's an example of the impact a new qualifying rate will have on the maximum mortgage proceeds and home purchase price.  Amounts are based upon a combined Canadian family income of $75,000, 5-year fixed term mortgage at a target rate of 3.39%, 25-year amortization, $100,000 available for down payment, and $700 in other monthly debt obligations:

With a qualifing rate of two percent higher after January 1st, with a 20% downpayment changes dramatically. For example - qualifing purchase price prior to January 1, 2018 would be $400,000 and on January 1, 2018 would be $325,000.

 

If you would like a contact information for one of our in-house mortgage brokers for your pre-approval, contact us.

 

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Why Buy in Edmonton?

Why buy a house in Edmonton picture


Have you ever asked yourself that question? I know I have. I’ve questioned the idea in my head once or twice. What makes it so great from a business stand point, what is the job market like and is it really worth buying in Alberta? The short answer is: yes… wait, the answer is HECK YES! There is something great about Edmonton besides the Roger’s Place at the Ice District in downtown.

 

According to The Culture Trip, houses on average are roughly $350K. Which, for the most part, is true. Prices have not doubled in the last 10 years and have been surprisingly steady and unchanging in this period of time. Edmonton is one of the cheapest Canadian cities to live. With over 1.3 million people in surrounding areas and roughly 900K living in the city, the capital of Alberta has so much more to offer than our rival city, Calgary (there's that "Battle of Alberta" happening). 

 

Our Real Estate market has been receiving some hate due to the increased growth of the city within the last six months but it benefits those eager to buy. This means you'll receive a steal-of-a-deal that you won't get anywhere else. The best places to buy are downtown and the south side right now!

 

So the question is, why Edmonton? Why buy here? If you want more bang for your buck, Edmonton is relatively cheap. Cheaper housing than Calgary, one of the best job markets, minimum wage is one of the highest across Canada, awesome people and lower gas prices because we’re an oil province!  Go here to get started 

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Is 5% really what you need to purchase a home in Edmonton....

You've been looking on line and found that perfect home, calculated and saved your 5% downpayment and want to make an offer to purchase. But are you really ready to buy your Edmonton dream home?


Your down payment is the amount of money that a home buyer contributes in cash towards the purchase of a home. Down payment is usually described as a percentage of the total sale price.5% down for your Edmonton Mortgage image

Before you make an offer on any home, ensure you have calculated all buying costs. Talk with your mortgage broker or your buyers agent and inquire on CHMC, legal, property tax adjustments and closing costs. If you don't have a mortgage broker or bank mortgage specialist, ask us with your choice of bank or financial institution as we know some great people in that sector of the industry.  
Mortgage lenders offer more attractive loan terms for borrowers with large down payments. Putting down 20% or more of a home’s purchase price will avoid mortgage insurance, also known as CHMC and offer the most attractive interest rates. As the down payment percentage goes down, the lender is at greater risk if they have to foreclose on the property, so they offer less attractive loan terms and higher interest rates.

 

Make sure your REALTOR® is an ABR and check out some of our buyers services we offer.

Have Questions? We are here to help!

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Guide to Hiring an Amazing Edmonton REALTOR® Team

The Consumer’s Guide to Hiring an Amazing Edmonton Real Estate Agent image


When you’re buying or selling an Edmonton home, it’s crucial to work with a qualified REALTOR or real estate agent. Not just a professional, but an amazing agent and a market expert. So how do you ensure you’re hiring an amazing real estate agent (or team)?

 

There are currently more than two million real estate professionals in North America. With so many options to choose from, how does a prospective home buyer or seller choose the right agent or broker from the REALTORS Association of Edmonton? According to the National Association of REALTORS®, trust and reputation are the top deciding factors consumers use when hiring an agent.

 

But how do you measure trust and reputation ... and what criteria can be used to help you make your decision?

 

In this guide, we've outlined the top attributes that amazing agents possess to make sure you’re working with the right Edmonton market expert(s) to achieve your Real Estate goals.

  

5 ATTRIBUTES OF AN AMAZING Edmonton AGENTS

As we mentioned above, not all real estate professionals are the same. And it’s easy to be overwhelmed by the options and information about working with real estate professionals to buy or sell your home. In fact, many Alberta Real Estate markets are oversaturated with agents.

 

To help you understand what makes top agents and market experts stand apart from the competition, following are five key attributes of an amazing agent:

 

1.  A Pricing Specialist


Whether buying or selling a home, pricing can be tricky. Market experts can help navigate best-possible pricing strategies, and also secure the home you want within your budget.


2.  An Effective Time Manager


Even a well-intentioned agent may not have the skills, tools or technology to make the experience easy for you. There are lots of hidden activities that may take up unexpected time, and a market expert will save you time and energy.


3.  A Market Insider


Getting relevant and specific market knowledge can be difficult and time 

consuming, which is why many real estate agents don’t have it. Whether you’re buying or selling a home, an experienced real estate agent is often the best source of information about a city, neighborhood, or even street … we’re literally conducting market research every day.

 

4.  A Strong Negotiator


Many agents can feel the stress of the negotiation process, and may agree to terms of the buyer/seller. Working with a market expert will help ensure you get the best deal, not just the fastest deal.


5.  An Effective Closer


Many agents don’t have a firm understanding of contracts. Because a real estate transaction often involves a significant investment, even a small mistake can mean serious trouble. With that in mind, it’s often best, and most responsible, to work with a true market expert.

 

LET'S GET STARTED!

Now that you’re armed with the 5 Attributes of Amazing Agents to ensure you work with the best possible real estate agent, you’re ready to start interviewing agents. Here is an awesome downloadable version

 

 

Audrey & Mike would love an opportunity to win your business. Schedule a free consultation with us to find out how true market experts can help you achieve your real estate goals! Just drop us a line on our contact page. Thank you.







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Griesbach Edmonton

Griesbach demonstrates urban design success at many levels, creating a new community unlike anything else in suburban Edmonton. It raises the bar for quality of the public realm in Edmonton.

 

Redevelopment of the 620-acre former Canadian Forces army base, designed for 13,000 people, is about 25% built and will be completed over the next 10 years. Given its context, it is primarily residential, but includes a village centre and transit-oriented mixed-use centre. The builders are upper scale including Homes by Avi, Dream Homes by Krisner, Landmark Classic & Legacy Homes and Coventry Homes.

 

Tree-lined roadways focus on a central man-made hill. Paths integrated into the overall green system and adjacent neighborhoods accompany a waterway system. This design, combined with traffic calming, heritage interpretation, and the dispersal of parks makes it very people-friendly.The neighborhood names program is based on regimental history, peacekeepers, famous battles, war heroes, military nurses, and Victoria Cross winners.


Griesbach’s guidelines promote diversity, with an eclectic mix of housing forms and styles from garage suites to apartments; homes for families, seniors, and a veterans’ centre. Subdivisions have been designed around existing housing; some were relocated on new foundations. Right in the community is the Major General Griesbach Elementary School from Kindergarten to Grade 9.

Saving and relocating existing vegetation creates the feel of an established community; plans are to integrate evergreen rows into ‘green streets.

 

Various design elements pay homage to the Griesbach neighborhood military heritage. William Griesbach, Edmonton’s second mayor, First World War hero, MP and Senator, is honored with an equestrian statue. A pedestrian crossing of Patricia Lake replicates a Bailey Bridge, a prefabricated bridge used by combat engineers.

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Is Your Home Worth What You Think?

 When determining the value of your home, there are two main ways. Comparative Market AnalysisA (CMA) or an appraisal.


A written justification of the price for a property, primarily based on an analysis of comparable sales of similar homes nearby normally completed by an independant third party through a bank or financial institution. When an appraisal is lower than the agreed upon price of a property and it is a CHMC mortgage, the bank or financial institution may not agree to forward funds to complete a sale, there for real estate negotiations begin again.

A Comparative market analysis or home evaluation is an examination of prices at which similar properties in the same area recently sold, properties currently on the market and properties with offers on them (pending offers). Real estate agents perform a comparative market analysis for their clients to help them determine a list price when selling a home or a price to offer when buying a home.

 

The true value of a home is the value of what a seller wants, what a buyer is willing to pay and of course what the bank thinks!

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Knowing the perfect time to reduce the price of your home?

 

In Edmonton's current real estate market, it's not unusual for sellers to point fingers at the agents and agents to point fingers at seller's unrealistic expectations for a price. It's a catch 22 situation. Sellers say, "Why don't do you do more to sell my house?" Price reductions, price improvements, price adjustments, it doesn't matter what you call it, no seller wants to hear about lowering  thier asking price.

 

Before you agree to reduce the price of your home, ask yourself these questions

    How many hits has your listing received in MLS?
    Do the marketing comments sell the benefits or features?
    How does the house show online; are there a lot of beautiful pictures?
    Is your signage in a prominent location, contain several phone numbers, plus a Web site?
    Do you have a virtual tour published?
    What kind of feedback have you received from agents and buyers?
    Are you offering enough compensation to selling agents?
    Have you had showings and how many?

    How many offers have you recieved?

    How many of your nieghbors have reduced thier asking prices to stay competitive?

    Has your home been on the market longer than the average Days on Market (DOM)?

 

Purchasing a home today in Edmonton's current real estate market is great. Low interest rates and plenty of inventory to choose from and if you want to sell your home, it may be time for a price adjustment.

 

Need a new home pricing evaluation, contact us today. We can help.

 

 

 



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Edmonton Absorption Rates

The best way to know if Edmonton or any city  is in a buyers market or a sellers market is to determine the current absorption rate.

 

An absorption rate is the rate at which homes sell in a given area during a given time period. Absorption rate is calculated by dividing the number of sales in a given month by the number of available homes for sale. It is the inverse of months of supply.

For example, if there are 20 properties listed for sale in a certain area, and 2 properties sold over the last month, the absorption rate is 10/100=10%. Which means, assuming no other homes put on the market, it would take 10 months for buyers to purchase enough properties to absorb the real estate demand.

As a rule of thumb, an absorption rate of 20-25% or higher means that homes are selling quickly and the market favors sellers. Lower absorption rates mean that homes are not selling quickly and supply is much greater than demand, favoring buyers.

 

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Grab the kids and come out to Edmonton's corn maze only a few minutes west in Parkland county!

 

Are you up for a challenge full of gut decisions, clues and unexpected turns? From the air, the maze looks like a beautiful artistic pattern. On the ground, the Edmonton Corn Maze tests your sense of adventure and direction. The labyrinth of paths and corridors is cut into a 15 acre field of corn, and offers a series of clue cards for guidance along the way, with questions for all ages. Don't worry about taking your time to find your way out, getting lost is half the fun! For prices and location -click here

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Please visit our Open House at 11 Par CRT in Lacombe.
Open House on Saturday, October 7, 2017 1:00PM - 4:00PM no
This is an amazing home for a young family, located in the cities west end. As you enter this spacious home, you are greeted by the bright welcoming foyer and the pearly banister leading upstairs to the four spacious bedrooms. The lower level of this great property offers a second family room and a multi-function hobby room which can also be used as a home office. The main living area offers a massive white country style kitchen with high grade, soft cloud linoleum and newer appliances, second bath with stand up shower, formal dining and a grand living room with a brick wood burning fireplace and mantle - perfect for family Christmas. The best part of this 4 bed, 2 bath home is the incredibly private and colossal back yard with a hidden gate backing onto vast green space. Nearby amenities include schools, shopping, golf course.
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Please visit our Open House at 11 Par CRT in Lacombe.
OPEN HOUSE: Sunday October 1st 1:00 - 4:00p.m.
This is an amazing home for a young family, located in the cities west end. As you enter this spacious home, you are greeted by the bright welcoming foyer and the pearly banister leading upstairs to the four spacious bedrooms. The lower level of this great property offers a second family room and a multi-function hobby room which can also be used as a home office. The main living area offers a massive white country style kitchen with high grade, soft cloud linoleum and newer appliances, second bath with stand up shower, formal dining and a grand living room with a brick wood burning fireplace and mantle - perfect for family Christmas. The best part of this 4 bed, 2 bath home is the incredibly private and colossal back yard with a hidden gate backing onto vast green space. Nearby amenities include schools, shopping, golf course.
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We have listed a new property at 11 Par CRT in Lacombe.
This is an amazing home for a young family, located in the cities west end. As you enter this spacious home, you are greeted by the bright welcoming foyer and the pearly banister leading upstairs to the four spacious bedrooms. The lower level of this great property offers a second family room and a multi-function hobby room which can also be used as a home office. The main living area offers a massive white country style kitchen with high grade, soft cloud linoleum and newer appliances, second bath with stand up shower, formal dining and a grand living room with a brick wood burning fireplace and mantle - perfect for family Christmas. The best part of this 4 bed, 2 bath home is the incredibly private and colossal back yard with a hidden gate backing onto vast green space. Nearby amenities include schools, shopping, gulf course.
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We Sold a Townhouse Condo #26, 171 Brintnell Blvd Edmonton


Welcome to Brintnell Landing. As you enter this freshly painted home, you are greeted by large foyer and ceramic tile flooring flowing thru to the kitchen, convenient 2 piece washroom & garage access. Maple kitchen has pantry, tile back splash, vacuum floor sweep & stainless steel appliances including self cleaning oven. Off the kitchen, enjoy the view from east facing balcony. Living room features stone facing natural gas fireplace. Upstairs is 2 huge bedrooms with large windows, each with walk-in closets. Jack and Jill shared bathroom and office/computer nook finish this level. Ready for your personal touch, walk-out basement has 2 large windows, roughed-in plumbing, lowered heat registers, central vacuum. Central air conditioned completes this home. Sliding door to walkout patio area with beautifully landscaped common areas. Complex is located across from a park and near Brintnell Lake walking paths. With quick possession, close to public transit & shopping, this home shows great and is priced right!

 

If you got a condo to sell in Brintnell Landing, please fill out our Seller Profile and we'll shortly get back to you

 

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Please visit our Open House at 304 10720 84 AVE in Edmonton.
Open House on Saturday, September 16, 2017 2:00PM - 4:00PM Great Investment property for U of A students. 3 Bedrooms! 2 Baths! 2 Parking Stalls! no
Rare find!!! Over a thousand square foot, renovated, top floor, 3 Bedroom condominium in sought after Garneau within walking distance of U of A, Whyte Avenue and the River valley. Upgrades include stainless steel appliances including overhead microwave, espresso kitchen cabinets with wine rack and granite counter tops, tile backsplash & beautiful dark hardwood flooring with contrasting ceramic tile. Large living room has sliding doors to south facing balcony which overlooks the front street & mature trees for a picturesque view. The huge master bedroom features it's own 2 piece bathroom and walk-in closet. The other two bedrooms are also a good size. Other features are in-suite laundry, 2 side-by-side energized parking stalls and a sizable storage room just outside the suite in the common hall. With a fantastic location and modern finishings, this home shows great and is priced right! Call Audrey at 780-910-5179 or Mike at 780-242-5229 or email us to view this home
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Please visit our Open House at 67 Birch DR in Gibbons.
Open House on Saturday, September 9, 2017 12:00PM - 4:00PM Same time as Gibbons wide garage sale. Come by and visit us, too .Water & light snacks
Modern Upgrades! At 1225 sq ft, this beautiful 3+1 bed, 1.5 bath, 2 storey home has so much to offer. Impressive kitchen features newer cabinets, decorative back splash, pantry, includes all appliances w/microwave hoodfan & big dining area. Large sized living room offers plenty of natural light. Convenient 2 piece washroom finishes this level. Master bedroom offers ceiling fan & closet with built-in shelving. Other 2 bedrooms are also a good size. Fully finished downstairs w/fourth bedroom & family room, both with laminate flooring. Laundry room includes washer & dryer, newer HWT & high efficiency furnace. Other upgrades are newer windows, decor switches/plugs & baseboards. Out back is private deck, fenced yard & firepit. Oversized heated single car garage plus RV parking. Just a short walk to neighbourhood playground & splash park. With a super quick possession, short drive to Edmonton & Fort Saskatchewan but has small town charm, this Gibbons family home should be ranked number 1 on your must see list! Call Audrey at 780-910-5179 or Mike at 780-242-5229 or email us to view this home
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We have listed a new property at 67 Birch DR in Gibbons.
Modern Upgrades! At 1225 sq ft, this beautiful 3+1 bed, 1.5 bath, 2 storey home has so much to offer. Impressive kitchen features newer cabinets, decorative back splash, pantry, includes all appliances w/microwave hoodfan & big dining area. Large sized living room offers plenty of natural light. Convenient 2 piece washroom finishes this level. Master bedroom offers ceiling fan & closet with built-in shelving. Other 2 bedrooms are also a good size. Fully finished downstairs w/fourth bedroom & family room, both with laminate flooring. Laundry room includes washer & dryer, newer HWT & high efficiency furnace. Other upgrades are newer windows, decor switches/plugs & baseboards. Out back is private deck, fenced yard & firepit. Oversized heated single car garage plus RV parking. Just a short walk to neighbourhood playground & splash park. With a super quick possession, short drive to Edmonton & Fort Saskatchewan but has small town charm, this Gibbons family home should be ranked number 1 on your must see list!
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We Have Sold 1414 152 Ave NW Edmonton


Only available Bedrock Duplex in the new sought after Fraser Vista neighborhood! Live close to River Valley Trails and seconds away from a beautifully landscaped pond & park, in this luxury energy efficient 3bed,2.5bath/1450sqft luxury half duplex featuring many upgrades incld white LED lighting throughout. Sparkling White Quartz counter tops w/massive kitchen island & breakfast bar beautifully compliment the luxurious Dark Kitchen Cabinets w/crown molding & Smokey Grey Solid Hardwood floors. Large Master Bedroom w/huge walk in closet, 4pc en-suite and an impressive view of the open sky w/no back neighbors! 2 additional nice sized bedrooms w/large closets and full separate bathroom on same floor w/flex room. Fully landscaped, fenced & private backyard w/solar lights on all fence posts & natural gas hook up. No-thru,quiet street with ample additional parking in a high end neighborhood that is perfect for any size family. Fantastic location, amazing condition & priced to sell w/home appraisal @ 370k!

 

If you have a home in Fraser Vista to sell, please call us or contact us thru our Seller Profile page.

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