Found 598 blog entries tagged as Edmonton realtors.

Making money in Real Estate


Real estate investing can be quite the gamble, but it can also result in a major payout. If you are one of millions of people who have considered getting into real estate for profit, then you should start doing your research. Buying and selling homes, buildings or land can be very lucrative, but it can come at a great cost. Many people consider real estate investing in the modern sense of buying family homes and flipping them, or purchasing homes to retain as rental properties, but there is more to investing than just that.

You need capital

You have to have a decent amount of money in your bank account if you want to get into real estate investing seriously. Not only do you need to be able to purchase a second home…

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Getting into new real estate developments provides a great financial opportunity, particularly for first time buyers. Since first-timers only need to put 5% down on a home purchase, they are prime candidates for taking advantage of new real estate developments.

If you look at major cities, just like Edmonton, there is plenty of new home construction going on. The trick is getting into the most lucrative development that you can afford. How do you know which development is best? There are a couple factors you can look at to determine which development will provide you with the greatest profit on resale.

1. Location: Is the real estate development near many amenities or easily accessed by public transit? Are there schools and major arterial roadways…

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Finding an affordable home, or an affordable investment property can be a challenge in a major city, especially Edmonton. With a healthy real estate market, affordable real estate may seem like a pipedream – but it doesn’t have to be. Here are a few things you can try to help you locate an affordable property.


Be flexible with your location
Although you may be dreaming about living in a certain neighbourhood, or owning an investment property in a certain area of the city, do yourself a favor and consider everything available. If you are searching for affordable real estate, then the chances are you aren’t in a position to be overly picky. You need to be willing to consider the entire city, from the wonderful neighbourhoods right down to the less…

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So what is the new definition or trend in starter homes, if not what we are commonly used to seeing? Well, many real estate markets (especially in major cities) are very expensive to get into. Buying a home in an established neighbourhood can be quite costly, and based on the housing demand, could be impossible to find. As major cities in Canada continue to grow, so do the amount of development projects, which often provide brand new housing in a variety of styles and price ranges.

 

Because of this, many people are purchasing brand new homes for their first home. This means that walls and ceilings are fresh and unstained, flooring is new and environmentally friendly, and you won’t have to replace your roof or kitchen for years to come- if ever! The…

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Many people want to move into a brand new home where they don’t have to lift a finger to make the place livable. The idea of the starter home, for many people, is now about size rather than quality. In decades past the starter home was often smaller than desired, as well as older. First time buyers would purchase a starter home knowing full well that it wasn’t ultimately what they wanted, but rather simply what they could afford. This was normal.
With an older and smaller starter home, first time buyers were able to get their foot in the real estate door, without going broke. Over time the home would become more valuable as it was upgraded. New flooring, a new roof, fresh paint and maybe even a renovated bathroom or kitchen eventually, would allow the…

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There are some really great aspects of living in a brand new neighbourhood. Primarily, you get the benefit of knowing that all the homes are new and you don’t have to worry about the same things you would in an established neighbourhood – such as whether a home on your street is condemned, or the lawn looks like a farmer’s field. There are many perks to buying new real estate.
New developments mean new parks, playgrounds and walking trails. There is a good chance the majority of your neighbours will also be home owners, and not tenants (although not always), which means there is a higher likelihood that the homes and properties will be well taken care of. The only real downsides of new real estate developments are trying to live in an ongoing construction…

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What is the cost of selling your home?

Actually selling your home won’t cost you a fortune – not out of pocket anyway – unless the home needs some work done first. Your realtor generally takes their commission from the sale of the home, and doesn’t receive anything until the home sells – this is why realtors are so motivated to work for their clients. Your realtor will handle advertising your home on all the relevant channels (online, in newspapers, and with signage).

What if you’re selling your home privately?

If you decide to sell your home without a realtor then there is a good chance you will incur many out of pocket expenses. While you can advertise your home for free online in many places, reaching as far as a realtor, for as long as you…

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Buying your first home
There are many things you need to take into consideration when buying your first home. From the budget to the wish list, buying a home can be exciting, stressful and even financially straining. Getting into real estate is often the single best investment anyone can make – even if the only real estate you own is your family home. When getting ready to buy your first home, you’ll want to make sure you speak to your bank or whoever it is you plan to get your mortgage through. Getting preapproved for a mortgage can eliminate a lot of stress during the home buying process. Secondly, you’ll want a great realtor – someone you feel comfortable with and trust. Lastly, ensure you have enough money accumulated to cover all your buying costs,…

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Where to begin?
Edmonton is a busy city, particularly when it comes to real estate. The market is known for being hot and fast-moving, making it necessary for buyers to be decisive and informed when house hunting. If you are looking at homes for sale in Edmonton, you’ll want to do your research ahead of time to ensure you can give your realtor all the information they need to find the best housing options for you.
Start by deciding on an area of the city that you want to concentrate your search in. You’ll want to consider transportation routes and options, proximity to your work place, or schools if applicable, and how near you will be to important amenities.
Housing type
What sort of home are you looking for? If you are willing to consider buying any type…

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Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton. Copyright 2022 by the REALTORS® Association of Edmonton. All rights reserved.

Listing information last updated on August 12th, 2022 at 6:31am CDT.