Edmonton Real Estate Blog

Many couples consider purchasing an Edmonton home before getting married. It is an investment and at the same time a security for building a family once married. One in four couples between the ages of 18 and 34 bought a house before getting married. Knowing the Edmonton home buying process is important. To learn even more here are some insights about buying an Edmonton home before getting marriage.

Mortgages

There are advantages and disadvantages for unmarried couples when buying an Edmonton house. The couple will be viewed as two separate individuals. But the couple can purchase an Edmonton home together which will create flexibility for both of them

Make a Joint Bank Account

Consider setting up a joint bank account when buying an Edmonton home as an unmarried couple. It will help simplify all the budget tracking associated with the home. The account can be used to pay the property taxes, insurance, mortgage and maintenance of the Edmonton home.

Managing Expenses

By opening a joint bank account the couple can track Edmonton home expenditures, keep everything fair and have a simple way to show Edmonton home rates on your taxes. But by cosigning on a mortgage, know that you are 100% liable for the debt. This means that if your relationship ends and your partner stops paying then you will need to assume the entire obligation.

Document Everything

You can avoid unnecessary trouble through the process of buying an Edmonton house by preparing a written agreement. Get an attorney to draft a document which dictates the property partnership into with details that outline the responsibility of each partner. This agreement can save you a lot of stress in the event that something happens tragically to your partner.

Preparing For Bad Things to Come

It is necessary to have this plan organized because there are many financial complications involved in buying an Edmonton home. By preparing for the worst, you can protect yourself and your spouse. By no means is it an easy conversation to have but it is necessary to discuss options and scenarios when it comes to death or dissolution of the relationship.

Marriage is a lifetime commitment which can take its first steps inside an Edmonton home, often leading to the eventual establishment of a family. When you are about to get married, knowing and being prepared for what’s to come is the best way to own your own Edmonton home –before you say “I do”!

Remember to follow Serge on Instagram @SergeBourgoin and get a first hand view on how he’s helping Edmonton homebuyers, sellers and investors.

For a complete list of available Edmonton homes for sale, check out the new Edmonton MLS listings.

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Your loved ones deserve the best home in the neighborhood and Serge Bourgoin can help you find exactly that.

Before this year ends and 2017 begins, give one of the greatest gifts that your family will receive in their lifetime…
a home to call their own.

780-995-6520 is the number to call.

Remember to follow Serge on Instagram @SergeBourgoin and get a first hand view on how he’s helping Edmonton homebuyers, sellers and investors.

For a complete list of available Edmonton homes for sale, check out the new Edmonton MLS listings.

If you’re thinking of buying an Edmonton property, then we’ve got 7 awesome tips and tricks for you! Try to follow the wisdom written in the infographic as it will guide you through the tough and sometimes, confusing world of real estate.

Still here? Thanks for reading it this far! Below are the last 3 things you need to know.

Remember to follow Serge on Instagram @SergeBourgoin and get a first hand view on how he’s helping Edmonton homebuyers, sellers and investors.

For a complete list of available Edmonton homes for sale, check out the new Edmonton MLS listings.

Procrastination is a sin, at least it should be in real estate.

Delaying the home buying process is a serious issue. It causes a problem that’s so obvious that many Edmontonians just seems to ignore it. Well, Serge Bourgoin & Associates is shining the spotlight on this issue and tackling it head on.

We created this infographic to show you how you’re going to lose precious dollars due to the simple act of delaying. Do note that figures written in the infographic are just for simplicity purposes.

Hopefully, this’ll open your mind and make you “act immediately”.

Just to recap:

ACT IMMEDIATELY

Reduced Interest Rates

30-Year Amortization
Rate: 3.25%
Edmonton Home Value: $300,000

$60,000 Down Payment
$1,044 x 360 Months

=$375,842

DELAY THE PURCHASE

Reduced Home Value

30-Year Amortization
Rate: 5%
Edmonton Home Value: $289,000

$57,800 Down Payment
$1,242 x 360 Months

=$447,120

YOU LOSE $71,278 JUST BY DELAYING

Remember to follow Serge on Instagram @SergeBourgoin and get a first hand view on how he’s helping Edmonton homebuyers, sellers and investors.

For a complete list of available Edmonton homes for sale, check out the new Edmonton MLS listings.

Here are 8 simple things to remember when you’re on the process of buying an Edmonton property. These might look simple (and it is!) but the importance that it plays in the success of the buying process is really high.

Read it, understand it and keep it to heart.

1. PROHIBIT YOURSELF FROM PURCHASING A NEW CAR.
2. DON’T RESIGN TO GET OR FIND A NEW JOB.
3. DO EVERYTHING YOU CAN TO PAY DEBTS ON TIME.
4. IF YOU DON’T OWN THE HOUSE YET, AVOID BUYING APPLIANCES & FURNITURE FOR IT.
5. ABSTAIN FROM OWNING A BRAND-NEW CREDIT CARD.
6. MAKE SURE TO HAVE AN OFFICIAL DOCUMENTATION OF ALL YOUR PURCHASES, BIG OR SMALL.
7. REFRAIN FROM USING YOUR LIFE-SAVINGS.
8. KEEP ALL YOUR CREDIT CARD ACCOUNTS ACTIVE. AVOID CLOSING ANY OF THEM.

Remember to follow Serge on Instagram @SergeBourgoin and get a first hand view on how he’s helping Edmonton homebuyers, sellers and investors.

For a complete list of available Edmonton homes for sale, check out the new Edmonton MLS listings.