Real Estate Blog - real estate Edmonton

Shopping in the Foreclosure Market

Essentially a foreclosure is a home that is bank owned. This typically happens as a result of previous owners defaulting on their mortgage payments. Because they could not afford to make the payments on the house, the bank reclaimed the home. Generally speaking this situation has pros and cons for a potential buyer.
Pros of shopping for a foreclosure
Typically (although not always) the bank is looking to recuperate the money it was owed by the previous owners. This means that a home may be listed well-below its value, or at a price that will cover the banks losses, rather than garner a large profit. This is not always true, however, so it is important for you to discuss the asking price with your realtor to decide if both the price and the property are…

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Using Home Staging to Sell Quickly

In a buyer’s market, or a saturated market, selling your home can be tough – there is a lot of competition out there. Staging your home is one way that you can set your property a part from others, but home staging isn’t only beneficial in a buyer’s market. In a seller’s market, homes may be selling quickly but oftentimes that will depend on the price range your home fits into. Even in a seller’s market there may be niches where a seller finds quite a bit of competition and this is where they can utilize home staging too.
Home staging is the practice of completely setting your home up as if it were a show room. You choose stylish furniture and accent pieces, it doesn’t have to be a lot either, just the basics to give potential buyer’s an idea of how the…

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Single Family Homes are the Pinnacle

Single family homes are the pinnacle for most people when they envision their dream house. A single family homes typically refers to a detached home, or a home without neighbours who share walls with you. Duplexes, apartments and townhomes are not considered sing-family homes, but rather multi-family dwellings.
The reason the single family home is so sought after is because it provides far more privacy and space then multi-family homes generally do. While a single family home may come in the shape of a bungalow, two-story, back-split, side-split or even a raised home, they also come with things like garages (attached or detached), driveways, yards (fenced or not), basements and possibly attics. Depending on the age of the home, it may come with all or only…

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Buying a House In Edmonton

Many types of housing are available at a wide range of prices, so finding the right home for you and your family may take some effort. Like anywhere, prices depend on:

• local economic and employment conditions
• the number of houses and apartments available

When buying a home, you can either:

• hire a professional real estate agent to manage the purchase for you or
• buy the property directly from the owner yourself

You will also need to consult with professionals, including:

• an appraiser and home inspector to assess the worth and condition of the home
• a lawyer to protect your interests and to facilitate the transaction
• a lender or mortgage broker to arrange for financing 

Choosing a neighbourhood 
There are many…

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