Real Estate Blog - bank owned properties

First Time Buyers: Basic Home Buying Tips in Edmonton Real Estate Market

Buying a home is one of the most significant investments we can make when securing our future. While the idea of owning a home sounds great, there is a lot that goes into the process.

The Edmonton real estate market is a renowned area with affordable options. As a first-time buyer, commitment is not enough to secure the home of your dreams. Lucky for you, we have all the information you need as a first time home buyer in the Edmonton real estate market.

Credit Score

Your credit score determines how soon you can make your dreams come true. A good credit score is integral in the Edmonton home buying process. Also, lenders prefer to work with individuals with a perfect credit score.

In Edmonton, your credit score needs to range between 650-680 to…

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How Millennials Are Changing The Edmonton Real Estate Market

We can all appreciate the beauty of diversity in the real estate industry. With the right information and resources, anyone can invest and enjoy the benefits linked to this market. Millennials are the country's most influential generation in the real estate market. In a study conducted in Canada, 51% of millennials were renting, and 83% planning to buy a home soon.

With higher incomes and a desire to settle down, millennials are changing housing provisions to accommodate their needs. Edmonton is an affordable yet lucrative location for both investors and buyers. Thus, real estate standards are rising with such a demanding group in the market.  Information below shows how the millennials are changing the Edmonton real estate model.

New Trends are…

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Edmonton Real Estate Industry Overview in 2020

Edmonton has stood out as an area attractive to investors and buyers. Evidently, Covid-19 has caused a snag in the real estate market in Edmonton. With the present recession, homes have retained their value. Due to government involvement in the industry, the real estate industry has been protected against stagnation.  For many individuals interested in buying a home in 2020, the uncertainty is unsettling.

The cause for concern has been primarily on how the pandemic will affect the Edmonton real estate market. Will the mortgage rates decline? Are there people selling and buying homes?  Here is an overview of the Edmonton real estate industry in 2020.

The Real Estate Market is Still Strong

This market has managed to remain stable and grow despite…

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4 Spaces Homebuyers Are Insisting On In Edmonton, AB

As people do more and more at home they are insisting that their homes change to adapt to the increased amount of activities being done in the home. Today’s homebuyers expect their homes to accommodate more entertaining, more work, and more living and they need spaces within the home that can make those things easier. It’s not enough for a home to just have a few central spaces and a few bedrooms. Sellers that are looking to get the best prices for their homes should consider renovating to add some of these spaces to their homes because these are the spaces that today’s homebuyers want:

Mud Rooms

Mud rooms are essential for families who need a place where they can drop their bags, boots, coats, and other items when they come in the door. And small…

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The Upgrades Buyers Want In 2020

Sellers that want to get an offer on their house fast should always be willing to spend a little bit of money sprucing the house up to make it more attractive to buyers. In a newer house there’s usually not that many things that need to be done to make the house look great. But an older home that doesn’t reflect the modern floor plan and finishing’s that buyers today expect could really benefit from a bit up an upgrade when the owners want to sell it. The upgrades that are going to sell homes fast in 2020 are:

New Countertops

Design experts are already predicting that the most popular upgrade that buyers will want in 2020 is new countertops. Quartz countertops are poised to be a huge trend this year after growing in popularity over the last few…

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Should You Stage A Bonus Space?

Bonus rooms are in high demand with buyers. Modern living requires a lot of flexibility and buyers want to see that flexibility reflected in their homes. They want spaces that can do double duty as well as spaces for things like working, homeschooling, a home gym, or an entertainment room. Having a bonus space is a big selling point for a home – but should you stage a bonus space or leave it empty to show the possibilities of the space?

There’s a lot of division on this issue. Some professional stagers think that repainting a bonus room and leaving it empty is the best way to show it because it leaves the buyer free to imagine that space for whatever they want. And that definitely is something to consider. Some buyers prefer to see the full size and…

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5 Kitchen Trends To Watch In 2020

Industry insiders are already predicting the trends that will be big in 2020 and the features and elements that buyers will be looking for next year. In the coming year there will be more Millennial and Gen Z home buyers looking for their first homes and they have very specific ideas about what they want in a new home. You can advise sellers that these 5 kitchen trends will get them the biggest return on their renovation dollars and make their homes more attractive to buyers:

Quartz Countertops

Say goodbye to builder grade granite in the kitchen. Granite countertops have had their day and now they’re no longer in demand. The hot new material for countertops is affordable, durable, and stylish quartz countertops that give kitchens a clean and updated…

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Easy Website Updates To Increase Sales

It’s a slow sale season right now as the holidays approach. That means it’s a great time to overhaul your website, check your marketing strategy, and make sure that you’re ready to hit the ground running in 2020. When was the last time you updated your website and implemented SEO strategies to boost your page’s stats? If it’s been awhile here are some easy website updates that you should make to make your page more inviting, more functional, and ready to impress potential buyers and sellers:

Upgrade Your Contact Form

Do you still have the same clunky form button on your website? No one uses those form buttons anymore. Now people have links to their social media accounts or direct to text message feature so that potential clients can get in touch at…

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3 Home Upgrades That Gen Z Buyers Want

Gen Z buyers are going to be a big percentage of the home buyers that will be looking for homes in 2020. Gen Z is anyone born starting the mid to late 90s so they have grown up with more modern style homes that have amenities that a lot of older homes don’t have. They also have grown up with technology and really want to see their tech-based lifestyles reflected in their homes. If you have sellers that want their homes to appeal to Gen Z buyers these are the three home upgrades that are worth investing in:

Bonus Spaces

Whether it’s a finished basement, a converted garage, or even a multipurpose shed in the yard Gen Z buyers want options. They are used to doing a lot of different things at home and that requires a lot of different dedicated spaces.…

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