Real Estate Blog - Edmonton houses

New Home Finances

Posted by Gurpreet Ghatehora on October 9th, 2014

Many who are inexperienced in home buying, or who simply aren’t at that point in their life, likely have no idea what is involved. It’s common to think you need to worry about only 2 things: a mortgage approval and a down payment. But getting your new home finances in order means looking at the big picture – before and after the purchase.

Before you buy

Yes, it’s a good idea to get a mortgage preapproval and you’ll want to have a sufficient down payment based on your price range, but that’s not all. Additional costs include a lawyer, a home inspector, and securing home insurance; property taxes are another consideration. You’ll want to have some wiggle room in your savings account to cover your closing costs and anything else that may come up.

…

6211 Views, 0 Comments

The Importance of Edmonton Real Estate Agents

Posted by Gurpreet Ghatehora on April 7th, 2014

In a healthy housing market such as Edmonton, you want to be sure you have a great agent working for you. Whether you are an experienced buyer or a first-timer, an Edmonton real estate agent will be working for you to get a great deal on a property you truly want. There are many ways to find a reputable agent, but word-of-mouth is usually the best. Ask your friends and family, or even co-workers, to recommend you an agent. By securing an agent in this manner, you can be sure of both their work ethic and their skills because the people you know wouldn’t have recommended anyone they didn’t like to you.
It is easy to skip this step, believe it or not. Many people begin their housing hunt online, sifting through dozens of listings just to get an idea of what…

2865 Views, 0 Comments

Housing prices rose in first quarter in Edmonton

Posted by Gurpreet Ghatehora on April 3rd, 2014

According to Realtors® Association of Edmonton housing prices rose in first quarter. Residential properties were up 5.8% compared to last year. Sale of Single family homes were up 5.1% and condo sale was up 11.0%. Indicators are there is more demand in the housing market.
In 2013 from Jan – March all residential sales were 3478 and this year was 3679. Listing inventory was also up as compared to last year. It was increase of 3.9%. Single family listings were 5.5% and condo listing was dipped half of 1%. Average days on market per listings in March was 44 days.

2403 Views, 0 Comments