Edmonton Real Estate Market Activity April 2023 - Gurpreet Ghatehora Edmonton Real Estate Agent RE/MAX

EDMONTON AREA (GEA) REAL ESTATE MARKET FOR MARCH 2023

The Edmonton Area (GEA) real estate market for March 2023 has seen a decrease of 30.8% compared to April 2022, but it was up by 11.1% from March 2023. The real estate market has seen some fluctuation in the past year, with single-family homes down 32.9% from April 2022 but saw an increase of 14.2% from March 2023 at 1229. Duplex sales were down by 37% year over year, but they increased by 19.3% from March 2023. Condominium unit sales were down 23.2% from April 2022, but they increased by 1.3% from the previous month.

We will provide a comprehensive overview of the Edmonton Area (GEA) real estate market for March 2023, including sales trends, average prices, and days on the market.

Average…

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Homeownership Boost Your Net Worth Through Equity

Owning a home is one of the most significant investments you can make in your life. It not only provides a place to live but can also boost your net worth through equity. Equity refers to the difference between the market value of your home and the outstanding mortgage balance. In other words, it's the amount of the property you own outright.

Homeownership can provide financial benefits that can't be found in renting. It's an investment that can increase in value over time, allowing you to build equity and increase your net worth. In this article, we'll discuss the ways in which homeownership can boost your net worth through equity.

Building Equity

One of the primary ways homeownership can boost your net worth is through building equity.…

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Things You Could Do With Your Small kitchen

f you have a small kitchen, you might think that there's not much you can do to make it work for you. However, with some creativity and smart organization, you can make the most of your limited space and create a functional and stylish kitchen that works for your needs. Here are some tips to help you make the most of your small kitchen:

1. Get rid of clutter: In a small kitchen, clutter can quickly take over and make the space feel even smaller. Start by getting rid of anything you don't need or use on a regular basis. This can include old appliances, unused cookware, and excess dishes. Once you've cleared out the clutter, you'll be able to see what you have and make better use of the space.

2. Use vertical space: If you're short on counter…

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4 Fast Upgrades That Make Older Homes More Appealing

One of the most common problems that sellers have is that their homes need updating and they don’t want to sink any money into a home that they’re trying to sell. While it’s understandable that they don’t want to spend money on a home they are selling they will ultimately get a better price and sell the home faster if they do some smart upgrades and quick renovations. Even just fixing some cosmetic things around the house can make a big difference in how much interest there is in the home. These 4 upgrades don’t cost a lot and can be done quickly to make older homes more appealing to buyers:

Update The Bathrooms

Dated looked bathrooms are a real turn off for buyers. Spend a weekend upgrading the fixtures in the bathroom. Put in a new showerhead,…

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3 Ways To Get Home Buyers Ready To Purchase A Home

First time home buyers can almost always use some help figuring out how to get their finances in order and make sure they are financially ready for home ownership. If you have clients who are thinking about buying a home but aren’t quite financially ready to take the plunge yet you can help them learn more about the mortgage and home buying processes as well as helping them with money management skills to get them on the path to home ownership. Three ways that you can help your clients learn are:

Create A Recommended Reading List

A great way to help prepare your clients to buy a home is to create a recommended reading list of books that will help them with everything from creating a budget to figuring out property taxes. Buyers will really…

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Real Estate Buying Mistakes

1.      Not doing proper research and not knowing what you can afford - Make a list of all your monthly expenses (excluding rent), including vehicle costs, student loan payments, credit card payments, groceries, health insurance, retirement savings, and so on. Use a mortgage calculator to research current interest rates. This will give you an estimate of what your total mortgage payments will be. It is important to have a budget, know what you can afford, and find out how much a bank will lend you before you start shopping for your first home.
2.      Not considering other expenses like paying property taxes, insuring your home against disasters, and making any repairs the house needs.
3.      Being too choosy about the property as being first time home…

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Real Estate Marketing To Millennials

The core group of Millennials (less than 35 years old) are the ones most likely to need a place to either lease or purchase. Many of them are beginning to buy their first homes and invest in real estate for the first time. As a real estate agent, marketing to Millennials should be among your top priorities. You must begin building marketing campaigns that are specifically targeted toward this powerful group.

When marketing to Millennials, consider these important points:

1.      A good percentage of the millennials are likely to use a Real estate agent. But they may be harder to please, compared to other generations.
2.       Millennial home buyers would hire their agent again or refer them to another.
3.      Millennials are more into social media…

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Real Estate Investing Ideas When Buying A Property In Edmonton

Real estate is generally a great investment option. It can either generate passive income and can also be a good long-term investment if the value increases over time. However, you need to make sure you are ready to start investing in real estate as one will need to put down a significant amount of money up front to begin real estate investing. Buying a home, apartment complex, or piece of land can be expensive.

Here’s what you need to know about real estate buying:

1. Planning out all of your expenses: When investing in real estate you need to consider the cost of taxes, utilities, upkeep and repairs.  It is also important to have insurance on the property (and plan for the cost). You should also be prepared to deal with additional costs and other…

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Real Estate Sales

Real Estate Sales can be broadly described as renting, buying, or selling property for clients. The tasks under the real estate sales are study property listings, interview prospective clients, accompany clients to property site, discuss conditions of sale, and draw up real estate contracts. Includes agents who represent buyer. The Real Estate Sales agent provides a sounding board for the needs and desires of the buyer or seller and uses this information to develop a selling or buying plan for the client. 

While purchasing a property the Real Estate Sales person helps in showing the property which is on the market and then later negotiating a good deal which is beneficial to both the buyer and the seller. Similarly, the Estate Sales agent assists the…

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Spotting A Good Real Estate Agents When Buying Or Selling Your Home

A person who sells and rents out buildings and land for clients is known as an estate agent. Real estate agents are licensed professionals who arrange real estate transactions, putting buyers and sellers together and acting as their representatives in negotiations. Due to many new property laws, the modern real estate agent has become an invaluable resource for those looking to find, evaluate and finance real estate. Often acting as a mediator between the various parties involved, a real estate agent is required to be licensed for the state in which they operate, ensuring they are competent as well as trustworthy. And this process has evolved in recent years, now containing more rules and regulations to protect consumers.

A real estate agent has the…

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