Dealing With Multiple Offers on Your Edmonton Property
You may think that having to deal with multiple offers on your home is a wonderful problem. After all, there are so many buyers clamouring to purchase your Edmonton property! The challenge, however, is picking the best offer – and that isn't always the one with the highest price. Most offers come with conditions, such as "conditional on securing financing", "conditional on the sale of our current property" (not a very good one) and others. You have to consider both the price and the conditions when choosing which offer to accept. There are other considerations, too. What if someone makes a great offer on your home, but they don't have a pre-approved mortgage and they haven’t put their current home on the market? YIKES! Not good! That kind of offer is risky because it is more likely than an unconditional offer to fall through. So there's a lot to think about when you're in the seemingly enviable position of dealing with multiple offers. How do you select the right one? The answer is to have good experienced REALTOR® team (like Audrey Abuan and Mike Muranetz) by your side to help you make the right decision for you & your family! Want more tips on how to get multiple offers for your home? Call Audrey and Mike today & they will show you how to make it happen on your home, even in today's market!
Most people feel confident about the basics of home security. For example: Keep all doors locked. Have a light on in the house while away. Never hide a key outside in an obvious place, like under the mat. Yet, almost a million and a half (WOW!) properties get burglarized in North America each year. So how can you prevent that from happening to your home? Here are a few less known home security basics:
Actually, never hide a key outside. Thieves know all the hiding places. Instead, make sure all family members have a key.
Two-thirds of home burglaries occur during the day. So be extra vigilant about making sure doors and windows are locked while you're away at work during the day.
Surprisingly, most thieves are not daring. They are 2.7 times more likely to target a home without an alarm system. At the very least, nave some signs prominently displaying an alarm company. Sometimes, merely see these signs will make the burglar move on.
Thieves will attempt to force entry through sliding-style doors and windows first. So make sure these have a locking bar or extra bolt lock.
Surprising, 40% of household burglaries do not involve forced entry. The thief is able to slip in through an unlocked window or door.
Don't show off possessions! An imported racing bike/fancy ski-doo parked next to the garage or expensive audio equipment clearly seen through a window, is an invitation to burglars.
Take a look at the lighting and landscaping around your property. Are there spots where a thief could easily hide? If so, make some changes like add motion enabled lights.
When planning a trip, have a trusted neighbor or family pick up newspapers, flyers and anything else that may accumulate at your front door.
If crime rate is a major concern for you, Edmonton has a crime map, where you can see hhow much crime has taken place over the last few months in all communities. Check it out!
Cannabis legalization could be a problem for Edmonton homeowners.
As an experienced residential Edmonton REALTOR® for more than 20 years, I can foresee growing Cannabis inside our Edmonton homes as a huge negative.
When selling a property, many buyers are sensitive to smells and find lingering cigarette smoke, pet smells, strong cooking odors very offensive. Marijuana will add to this list.
I understand the benefits and personally know seniors who really enjoy the relief of pain and the relaxing sensation it creates. However, passing a law to allow Edmontonians to grow cannabis in their own homes is completely insane.
For me personally, there are so many questions. Will we need a license to have a pot plant, like our family pets? Should we be smoking the cannabis inside our homes, the ingrained smell is no different than cigarette smells. What if we grow it outside? Who will be responsible for any losses? Let's drug our wildlife. Watching a "stoned" squirrel or bunny hopping down the back alley could be pretty funny. Will we need special insurances in our greenhouses? Are we allowed to play with, alternate this cannabis to create a more potent drug? Can we smoke it with children in the room?
If laws are implemented for growing marijuana inside our homes, will these laws also apply to certain poisonous household plants, making beer and wines, rolling cigarettes Will it stop there or will it continue until we have no freedom of our own property?
As a licensed real estate agent in Alberta, am I suppose to now report everyone who has a cannabis plant? Will my Seller's homes be considered a "Drug House"? Will it be "red flagged" by CMHC and all future mortgages will have to be conventional.
One of the key issues that CREA's federal affairs team has been working on recently is on Bill C-45 and the legalization of cannabis in Canada. This is a great article from the Canadian Real Estate Aassociation. - read more
Would love to hear your thoughts on growing cannabis in our Edmonton homes and on purchasing a home where homeowners smoke the cannabis inside.
Replacing Your Edmonton Home Ceiling Lights is Easy and Affordable
Changing your ceiling lights is a great way to improve the look and feel of your space and you have more options than ever before in terms of selection and price. Most projects will only take a little bit of your time, even if you're a DIY novice, and they really do make a big impact on the level of comfort people will experience in your Edmonton home. Changing out an old ugly ceiling light to a modern new one is easy and only takes seconds. Underneath the cover, at the base of the lamp will be a couple of screws that hold it to the ceiling. After turning off power to the room, unscrew the unit and detach the wires from it. Once you do this, you can simply reattach the new ceiling light, restore the power and enjoy a whole new effect in the room. It really is that simple for most installations, so the only thing to seriously consider is the look you want your light to give off. Don't forget to flip off the breaker or you will have a shocking experience! haha
One option is to also install a dimmer switch. This is also a simple procedure, and the switch is very inexpensive and can be found in almost any lighting accessory retail location as well as online at your favorite dealer. This will allow you to control the brightness of your ceiling lights, and is perfect for areas such as the dining room, study or even the bedroom.
Chandeliers are a great way to accentuate rooms that have high ceilings, but they can also be small enough to fit over any existing fixture. Whether you are looking to use a chandelier as the focal centerpiece in an entryway or a small accessory for the dining room, there are plenty of models to choose from, and the designs can range from contemporary to classical. The only thing to remember is that your ceiling will need to support the weight of the chandelier, so it is very important to know what those limits are before installing a new piece. You may need to reinforce the mounts or consider an alternative that is less heavy.
If you do install a chandelier in a room it's also worth considering placing a large mirror on one wall, this will give the impression of greater space in the room and will accentuate the impact of the chandelier.
Ceiling fans are also exceptionally beautiful and can add a lot to a room, especially kitchens and bedrooms. Most come with or without light fixtures, and you have the option of choosing a simple fan or one with a light attachment. A double benefit of having circulating air as well as light is that it can make a stuffy or crowded room much more pleasant to be in. Just as easy to install as replacement ceiling lights, it can be a simple weekend project that most people can do in about an hour. Finding the right one will depend on need, space and personal taste.
Whether looking for ceiling lights or fans, there is a wide selection to choose from for prices you won't find in traditional stores. A trusted online retailer (Google is your friend) should be a one stop resource for not only products, but for service and coaching as well. If you have a project, you can find a lighting accessory retailer that can help you to transform any space into an inviting place. Just give yourself some extra time for your order to be shipped. Don't forget to check out Amazon.
Styles don't last forever, and changing ceiling lights is easier and less expensive than most people think. From simply replacing a cover to switching to a whole new light entirely, there are more options than ever to transform that dull room into a luminescent space that is warm, inviting and comfortable. Whether you want to install ceiling fans or chandelier lights, there are many design options to choose from, and knowing what the effect is that you want to create will help you to make satisfying choices.
If you have further Edmonton ceiling lights replacement tips, please comment below or thru our contact page.
Attention Edmonton House Hunters! If you are a picky buyer, looking for a perfect home and are becoming fustrated because you keep finding the "almost perfect home". There may be a solution.
Did you know, several of our banks and financial lending companies will add in renovation costs with your mortgage. If you have been out House Hunting in Edmonton and find that almost perfect home (but needs a new kitchen, a finished basement or maybe a garage), talk with your mortgage broker and find out if you and your new home qualifiy for combined renovation mortgage.
You will want to make the process of shopping for an Edmonton home as productiveand enjoyable as possible. After all, you'll be on a quest to find your nextdream home. That's why it's important to take the right items with you:
• Digital camera, so you can take pictures of the features you like inthe properties you see. Note, you can only take these photos of the outside unless you have permission from the home owner for those interior pictures. Yes, you can use your cell phone camera. • Notepad, so you can take detailed notes. A clipboard is also useful if you have property feature sheets to write on. You can also take notes on your tablet, too. • Measurements of your largest pieces of furniture, so you can confirmthey'll fit in the rooms of properties you like. Important for those large bedroom suites, sectional couch or even the height of your monster truck (will it fit into the garage?). Have those numbers ready • Measuring tape to check those measurements. If you have have electronic measuring tools, bring those, too. •Some healthy snacks and beverages, (especially important if you'retaking the kids along). Bottled water should be on this list. •Map of the Edmonton local area, so you can check out local parks and otherneighbourhood features. Google Maps works, too. •Clear driving directions to each of the properties you want to see. A GPS could be useful, too. (yes, cellphone!)
• Your cheque book. If you find your perfect home, you want to write an offer before someone else snaps it up. Many Edmonton listings today are asking for bank drafts so this isn't as important as a few years ago.
• Slipon shoes, easy to get and out of those houses really fast. Snow on the ground, bring easy to put on boots. Stay away from lace up footware.
One of the best ways to shop for a home, and actually enjoy the experience,is to work with a great REALTORS® like Audey and Mike. Give us a call 780-910-5179 or 780-242-5229 or reach out through our contact page and we can go over the buying process to get you moving into your dream home. What else do you think we should bring? If you can think of anything else, just comment below.
So you're ready to meet the challenge of buying a new home? With common-sense planning, you can avoid these five common buyer mistakes and steer yourself towards success:
1. Impulse buying
To skip this mistake, do some serious research on what are your specific needs. Example is, how are the local schools? Are there parks or gym facilities that fit your needs? How is the traffic to shopping centres, work, friends &
family? Is shopping close by? In other words, compare areas in terms of what is important to you personally. You
might find your "dream house" only to discover that resales are slow, schools are terrible, traffic is a nightmare or that aircraft fly right over the front yard ~yikes~. Bottom line – make your new Edmoton home earn its stripes. Before you commit to a long term home relationship, make certain you are both compatible.
2. Not setting any budget limits
Don't make the classic mistake of buying more than you can afford. Your first responsibility is to pay your mortgage, taxes and insurance. If you're set on upgrades or remodeling, can you fit them into your budget? What about furnishings? Can you afford the extra furniture for those extra bedrooms or for that huge new living/family room? And what about utilities? Those cathedral ceilings are breathtaking, but have you considered the additional heating costs?Foreclosure is not fun and that what happens if you don't pay those bills.
3. Not getting pre-approved for a mortgage
Speaking of monthly payments, most experts (including us) consider it absolutely crucial for buyers to seek pre-approval from a lender before even looking to purchase. While pre-approval doesn't mean you are approved for a loan, at the very least it establishes precisely what you can afford. Once you have that info, you can avoid the heartbreak of finding the perfect home only to discover that it's beyond your financial reach. In addition, pre-approval substantially improves your status as a buyer in the eyes of a seller... BIG TIME. If you don't have a lender, ask and we know some great people who can help.
4. Not working with professionals
So, you've found a lender. Now you need to complete your professional support team. Too many buyers believe they can do this on their own and they disregard professional input. Avoid a nightmare later by assembling a group of professionals who will suit your needs, represent you, and whose expertise you respect. Begin your search with a buyer's agent (preferably an ABR®) . Resist the urge to call the REALTORS® number on the For Sale sign. The seller's agent works for the seller. You need a REALTOR® who will work on your behalf and negotiate with your best interests in mind. Will you need a lawyer? It's a great idea to find an excellent lawyer as your search begins, rather than in the midst of it. To say that Real Estate documents are confusing is an understatement. A lawyer specializing in Real Estate is best suited to protect you from unexpected terms or surprises when it's time to sign on the dotted line. We have a list of recommended lawyers you may want to choose from. And what about a home inspector? Which brings us to the next mistake…
5. Cutting corners on the home inspection
Some lenders may require a home inspection before they will approve a mortgage. Buyers are wise to pay for a thorough inspections to include structural components, electrical, piping, roof integrity, sewage or leaks, etc. A minor investment with a home inspector is a small price to pay in exchange for enormous deficiencies later. I have a list of recommended licenced home inspectors you may want to choose from. Even thou your friend or family member (uncle, dad, brother) may work in the trades or contruction doesn't mean they are a home inspector.
Ultimately, with smart planning and a realistic approach to home buying, you really can enjoy the dream of owning your perfect home. Please browse thru our buyers pages as we have plenty of preliminary info for you. When you are ready to look for your Edmonton home or have general home ownership questions, please call us direct Audrey 780-910-5179, Mike 780-242-5229, thru our contact page or even down below in the comments.
It's time to pack up your rental apartment and move to your new Edmonton home. Here's a helpful list of 12 items to pack last and keep handy (a.k.a. they're the things you'll need to get to first and frequently)
Extension cords, batteries, everything's electric these days it seems. Computers, CD players, smart phone, all those little gizmos you just can't seem to live without. So it just makes sense to keep that extension cord or pack of new batteries right on top within reach.
Tools. We're talking hammers and screwdrivers, nails & screws, scotch tape, duct tape and especially a tape measure. A good multi tool wouldn't hurt, either. Will be handy for assemling those beds.
Dehydration is a sneaky beast, so be prepared. A bottle opener and glasses. Thirst always seems to come first, particularly if you have to lug that stuff around. Make sure you have enough for your moving crew, too! (great way to "brib" them as they are moving your stuff).
Snack, pizza or fast food coupons. You're going to work up a hunger so think about treating yourself to a quick bite or a night out to your favourite fast food joint. Again, make sure you have enough food for the moving crew/friends!
Address book or important contacts on your smartphone. Keep those important telephone numbers handy.
Cell phone or regular landline telephone to plug in - put these within easy reach. There's is always potential for an emergency call.
Sufficient cash. If you are opening a new bank account, you may have to wait for your first check to clear. Traveller's checks wouldn't hurt, either. Usually your debit card would work.
Copy of your lease & personal ID such as driver's license. Speaking of banking, if you are starting a new checking account (or applying for utilities service), you'll need proof of your new address. Ask your bank if they would accepted your purchase contract.
Cleaning materials. Paper towels, broom & dustpan, mop, bucket, garbage bags, etc. Accidents do happen. Oh yes, don't forget some toilet paper, soap & hand towel.
Extra light bulbs as you may have some burnt out bulbs, a small lamp (perhaps a flashlight). It may be dark when you move in.
Alarm clock. You don't want to miss your first day of work, do you? Nowadays, your smartphone will be a great substitute.
Box cutter. Don't pack that tool as it's the first thing you need to open your boxes.
If you can add anything to this list, please let us know thru our contact page or comment below.
If you’re thinking of listing to sell your Edmonton home and take advantage of our 2018 spring market, then now’s the time to get it in shape. Here are ten tips you can do to maximize its perceived value.
1. Talk to a REALTOR® (us please). Even if you feel that your home is in perfect condition, it’s a good idea to have a professional REALTOR® team look at your property. They may suggest simple changes or repairs that could help you sell your home quicker.
2. Crank up the curb appeal. Make sure when potential buyers pull up in front of your house they like what they see. Touch up exterior paint and tidy up your garden, cut your grass, etc. Of course, weather permitting so shovel the snow if (God forbid) we get snow when you are on the market. First impressions are huge.
3. Clean up your act. The cleaner your house, the better it will show so thoroughly clean every room in the house. Get curtains and carpets professionally cleaned. Don't forget to handrails, light switch plates, litter boxes and pickup backyard doggie-doo (even in the snow). Dirty light switches and handrails are nasty and turn off buyers. Yes, we have seen this before. ~yikes~
4. Clear out the clutter. Make rooms look bigger by getting rid of the clutter. Put extra furniture and items in a storage locker, garage or neatly in a unfinished basement corner. Box up unneeded clothes and neatly store them.
5. Nix the knick-knacks. As buyers walk through your home, they want to picture themselves living there. Remove your personal effects, knickknacks, family photos and collectibles. Sometime, too many collectibles are a negative as they are looking at your stuff and not the house.
6. Do a quick fix. Fix a dripping faucet, update handles on kitchen cabinets, replace light switches and touch up scratches on hardwood floors & paint. Who wants to buy a home at a premium price and still need to fix it up?
7. Let the sun shine in. Buyers appreciate good light in a home. Clean the windows, remove dark curtains and put in higher wattage light bulbs (don't exceed manufacturer's maximum wattage). I suggest old fashioned incandescent bulbs as they don't need a minute to "warm up" like compact fluorescent lights (CFL) and are much cheaper than LED bulbs.
8. Keep it neutral. A fresh coat of neutral paint will make rooms look clean and inviting. You may not have to repaint every room, but certainly ones that are chipped, marked or painted in bright colors. No purple or lime green walls, please!
9. Set the stage. Consider hiring a professional stager to turn your home into a true showpiece. Look for a highly experienced & local home stager. Ask us as we know a few top notch stagers.
10. Create more storage space. Look at ways to improve the storage space in your home, such as adding shelving to closets and storage rooms. Remove 50% of items in your closets to make them look HUGE. If it's winter, store your summer clothes and if summer, yes you got it, store the winter clothes away.
Review our YouTube channel with Fit to Sell videos, review our free sellers reports then contact us or leave a comment for further selling preparation info. We're sure you will be impressed our ultimate results!
Usually, four common strategies are used to price a home. Understanding these techniques can help you get a better deal on your home, while matching your needs.
1. Greatly overpriced
Every seller wants to get the best price for their home. In a hot seller's market you need to careful with multiple offers, the battle may be won by inflating the price, anywhere from 5-10% of its true market value. Determine a fair offering price range with your Edmonton REALTORs® (us please) before getting into a bidding war with multiple offers. Too high a price could leave the home on the market for months (not good). The home could be great, just offered at the wrong price. If it does not sell, it could be considered a problem. The price may have to be reduced to sell it and typically you get less for the home in comparison to pricing it correctly from the start.
2. Somewhat overpriced
Homes in this category also tend to sit longer on the market. The reasons: there may be room for negotiation in the price, or the seller is emotionally attached to the home (not good). Once it's on the market, sellers need to let go that attachment.
3. Priced at fair market value
These homes tend to sell within a reasonable time usually within the average Days on Market (DOM), at close to the asking price. Competitively priced, their price represents a thorough analysis of other neighbourhood homes on the market.
4. Priced below fair market value
For various reasons (including health, relocation, condition of the home, divorce, etc), a seller may want to sell a home quickly. This type of sale often results in multiple buyers, with the home being sold quickly. The stress is over quicker BUT you may not the best price for your home. Every Real Estate sale is different and you may have your reasons.
We can provide you with a thorough analysis of any home you are considering to sell. This price will be based on market conditions (time of year), similar homes in the neighbourhood and condition of the home. At the same time, as your REALTOR® team, we'll work with you to find a new home which meets your needs in a fantastic neighbourhood. Call either Audrey 780-910-5179 or Mike 780-242-5229 or go to our contact page.
Inexpensive Ways to Reduce Your Edmonton Energy Bill
You could get upgraded insulation installed in all the walls of your home, or buy a new high-efficiency furnace and air conditioner. These improvements would certainly reduce your energy costs – but they each require a significant investment.
What if you don't have the budget?
There are a lot of little things you can do to make a big difference in your heating or cooling bill. Here are just a few examples:
Turn down the thermostat a couple of degrees in winter. (And turn it up a few notches in summer.) Chances are, you'll hardly notice the difference in comfort, and you'll cut your heating/cooling costs by about 5%.
Do you need the air conditioner on all the time during the summer months? Yes, some homes in Edmonton have air conditioners. Consider turning it way up, or completely off, at night when it's cooler outside.
Invest in a programmable thermostat. That way, you'll be able to set up a schedule that uses less heating/cooling energy while you’re out of the house at work or sleeping. Some folks are using smart thermostats liike the Google Nest. Look for sales as Google has them at a discount a couple times a year.
Let the sunshine in through windows in the winter (and block the sun where possible in the summer.) "Passive heat gain" can contribute to up to 20% of the heat in your home. Best of all, the sun is free.
Use energy efficient lights throughout your home. These can cut the cost of lighting by up to 40%! Look for compact fluorescent lights (CFL) at your hardware store. Some have gone one step further and installed higher effecient LED (light Emitting Diode) lights for further savings.
Be careful with outside lights, which can use a lot of energy! Turn them off before you go to bed or, better still, use programmable outside lighting that can be set to turn off automatically. This is especially true during the Christmas festive season.
These are just a few ideas for reducing your energy bill. If you do some research, you can probably discover many other ways to cut your costs. It's worth the effort! If you want some more tips how to improve your home's energy footprint, call Audrey 780-91-5179 or Mike 780-242-5229 or thru our contact page or comment below. We have a free copies of the Federal government's book from the energy audit for anybody interested improving their home energy usage.
5 Questions Young Edmonton Home Buyers Need to Ask
Believe it or not, even in these rough Alberta economic times, the average age of the first time home buyer has been gradually decreasing. In 2008 the average age was 35 years old, and in 2011 the average age dropped to age 30. Personally, I think of all the people I know that bought a home in the last few years and many of them are 27 years old or younger (our youngest Edmonton home buyer was 19 years old!), which has raised the question: are they different challenges to first-time home buyers because of their age?
It turns out, yes, different circumstances call for different situations, and if you’re a 30 something or younger individual thinking of buying a home, here are some things you need to consider:
1.) Do I have a substantial down payment?
An obvious challenge of buying a home at a younger age is clearly not having as much time to save money for a down payment as your older counterparts. A smaller down payment means a higher monthly mortgage payment, which is often why so many people choose to wait a few years more to save up enough money in order to have a monthly payment they can afford. Today you need minimum of 5% of purchase price to meet CMHC criteria. More is better as you will have a small CMHC premium.
2.) What will my mortgage rate be?
Part of the criteria in applying for a loan is job stability, meaning you need to show that you have been working at a particular job for a long amount of time. For many 20-30 year olds, the length of time they have been at a job is particularly small simply because they haven’t been a part of the workforce very long. It’s perfectly natural to skip from job to job to job during your college years, as you often have different requirements that need to be met (class schedule, moving, wage changes, seasonal work, etc.). However, this doesn’t particularly reflect well when applying for a home loan. Rates today are in the low 3% which is great as we have seen 6+% in the past. Yes, people still bought homes.
3.) Are my expectations realistic?
Many young home buyers simply have no idea just how much certain features cost. A “decent amount of space” might be a completely unreasonable requirement for a 25 year old looking for an affordable place to live in SW Edmonton. Let’s be honest, the words ‘SW Edmonton’ and ‘affordable’ don’t often appear in the same sentence.
4.) Am I ready?
Every first time Edmonton home buyer will need to ask themselves this question, but a young home buyer especially. A younger individual usually has more variables in their life. Are you in a stable job that you will most likely stay in (or even want to stay in) for the next 10 years? Are you sure you won’t have to move (career, relationships, family issues, corperate relocation) in the next 10 years? In addition, research has shown that the brain isn’t even fully mature until around age 25, so are you sure you will even want to still own a home in a few years?
5.) Am I able to put in the work?
For any first time home buyer, you have to be ready to put in a little bit of elbow grease, but for a younger home buyer, you really need to be ready to do some home renovation projects. A smaller down payment and a likely higher mortgage rate means you will probably have to limit your search to homes that need a little bit of work, and you’d better be ready (read: have the energy and skills to complete these renos) to fix it up a bit. Are you up to the task?
Can you add to these questions young Edmonton home buyers need to ask themselves? If so, please reach out thru our contact page or comment below.
There is no doubt about it! Even if the weather is relatively pleasant, your Edmonton home won’t show as well in the winter as it would in the summer, especially from the outside. Fortunately, there are many ways to make your home lookmore attractive and appealing to buyers during the winter season.
First, before showing your Edmonton home to a potential buyer, clear your front walkway including walkway to the garage if applicable. Make sure fence doors and gates open freely. Also, clear snow off the backyard deck or patio area. You want those picky buyers to be able to explore around your property without any obstructions. In short, do everything you can to make the experience of walking up to your front door and around your property as pleasant as possible.
Second, clear away any boots, shoes and other outerwear from the front foyer as you walk in. You want buyers to focus on your beautiful home, not a cluttered entranceway. Also, have mats on both the outside and inside of your main entranceway. This will give buyers – as well as you and your family – a chance to wipe their boots and shoes.
Third, adjust your thermostat. You want your home to feel warm, cozy and comfortable for potential buyers.If you have a gas fireplace, turn it on for that cozy feeling. Remember, being warm is a pleasant experience and that's what we are looking for.
Finally, in the winter, homes show much better during the day. In the evening, it may be too dark to fully appreciate your property especially yard. Working with us as your REALTORS® to schedule viewings during the day whenever possible. If you can, have pictures of your property available that showcase what it looks like in the spring/summer. A flower garden in bloom or that fully grown in hedge really gives the buyers a better idea of how your home looks in non-winter months. That takes planning. So if you're even just casually thinking of the possibility of selling your home, take some good "spring/summer" pictures. Just don't have a date time stamped on the picture.
Hope you got something from this short blog post. Want more advice on how to sell your home in the winter? You can get a hold of us thru our contact page. Thanks!
There are Advantages to Buying a Home in Edmonton's Winter
Here’s some advantages to buying a home during the off season in Edmonton, which means that you’ll be buying from November to February.
1.Less competition …. There is less competition from other buyers. Many buyers don’t want to brave the cold and icy roads by driving the neighbourhoods and looking for properties during this time of the year. This can translate into lower prices and better deals for the buyer.
2. Prices decline …. Prices are typically less this time of the year, proven by the statistics from the REALTORS® Association of Edmonton (RAE) and from Realtor.ca.
3. More time from your REALTOR®….. Your real estate agent isn’t as busy this time of the year, you may get more of their time and expertise (so true compared to the busy spring rush).
4. Not as many properties are receiving multiple offers …. We can remember during the summer season of 2012, many houses in Edmonton that were priced correctly had multiple offers on them, which translated into higher prices for the seller. All great news for sellers, not such great news for buyers. There is an emotional trigger than happens in multiple offers, and buyers can sometime offer more for the house than they had originally planned on.
5. Ugly Ducklings….. Some houses that are still on the market in December and January may have been on the market for a long, long time. This could be for a variety of reason, including the home has been overpriced. Or it could just be that the property doesn’t show well, it’s an ugly duckling. Maybe it’s too crowded with personal belongings, maybe the interior paint colour is horrible, maybe the lighting is bad, or maybe the home is dirty. All of these are easy things to fix once you own the property, and if you can look through these items, you may be able to get an ever better deal.
Now is a great time to buy. A few years ago, when Mike viewed the existing house he lives in a between Christmas & New Years & had it pending by first week of January. He knows he saved money as they "had to sell" & there wasn't many qualified buyers looking in the cold winter. Good for Mike, the buyer & bad for the sellers. There are many other great deals out there right now! If you are thinking about buying in the spring, why wait? Shop now & save. Contact Audrey and Mike thru our website or call Audrey direct 780-910-5179 or Mike 780-242-5229 & I'll show you some great Edmonton Real Estate deals.
When shopping for a new home in the Edmonton area, it's a good idea to try and see the potentialof the property you're viewing. It may not be exactly what you're looking for"as is", but it may have the potential to become your dream home after some redecorating or renovating.The challenge is, judging how much work is required. You don't want to buy a home with the expectation that it requires a $20,000 renovation, only to discover that it really needed three times that much. OUCH!
That’s where myself, can help.I will help you get a realistic estimate of the cost of repairs, upgrades, renovations and even recommend some reputable interiordesigners and/or contractors.That way, when you see a home with "potential", you'll be able to make a more informed decision.
Want more tips on finding and buying your next dream home? Please call Mike Muranetz direct at 780-242-5229 or Audrey Abuan or message us thru our contact page.
So after a good talk with your career manager, you been told that you are posted out of CFB Edmonton. What's next? You need to find a good REALTOR® on Brookfield's IRP list to help sell your home. Audrey Abuan and Mike Muranetz will get you moving. We have already been getting calls to do what we call "Pre-Listing" appointments. These are basically consultations to help you get a jump start for preparation of selling your Edmonton & area home. We will show you how to get your home ready (paint, minor repairs), provide a RE/MAX exclusive "Fit to Sell" DVD for staging, give a market snapshot of homes for sale & sold in your neighborhood, discuss options for your move & address any other concerns. No pressure & no paper work.
If you like, we also have a list of preferred REALTORS® which we have personally worked with in the past. These hand picked people to have the same work ethic and experience to help you on your eventual House Hunting Trip (HHT) with your new home. We are only half the journey and can hand you off to someone who will look after you and your family needs to the same calibre.
If you been verbally told you are posted or if some stroke of luck, actually have a posting message in hand, don't hesitate to give us a call 780-242-5229 (Mike Muranetz, CD), or 780-910-5179 (Audrey Abuan)
Right after 1910, Edmonton's real estate growth started to boom and in West Ingle, many of the streets had be renamed in order to accommadate the growth on both sides of the saskatchewan river.
The following is a list of the historic names of streets and avenues in West-Ingle. With support and funding by residents streets names could be re-introduced in West-Ingle at mid block or engraved in the sidewalk at intersections. Adding street names in West-Ingle particularly in the Architectural Heritage Area bounded by 110 Avenue (Albany Avenue) on the north, 125 Street (St. Catherine Street) on the east, 107 Avenue (Short Avenue) on the south and 126 Street (Groat Street) on the west will contribute to preserving the older character of West-Ingle.
122 Street = Notre Dame Street 123 Street = Saint James Street 124 Street = Edward Street 125 Street = Saint Catherine Street 126 Street = Groat Street 127 Street = Park Street 128 Street = First Street 129 Street = Second Street 130 Street = Third Street 131 Street = Fourth Street 132 Street = Fifth Street 107 Avenue = Short Avenue 108 Avenue = Coot Avenue 109 Avenue = Green Avenue 109A Avenue = Saint Lawrence Avenue 110 Avenue = Albany Avenue 111 Avenue = Muskoka Avenue 112 Avenue = Nipigon Avenue 113 Avenue = Brazeau Avenue 114 Avenue = Stikeen Avenue 115 Avenue = Okanogan Avenue 116 Avenue = Yukon Avenue 117 Avenue = Pembina Avenue 118 Avenue = Alberta Avenue