Edmonton Real Estate Blog

Purchasing an Edmonton home is an essential choice in your life. It’s thought to be one of the greatest speculations an individual makes. In the event that you are wanting to purchase an Edmonton house, you have to consider numerous things. rous key arrangement tips will help you to get the best house at the best cost. The following are some of them:

1. React quicker

Edmonton home buyers need to be snappy in their reaction. They can’t keep the venders holding up for a long stretch. On the off chance that you wish to purchase a house, you have to react rapidly to the counteroffer. On the off chance that you don’t, the vender may discover an alternate purchaser, which may cause an offering war. The dealer might likewise begin ignoring you and contact different purchasers. It’s imperative to react quicker or atone later on. On the off chance that offering begins, then on the reasonable value you could have had may be lost. Don’t let this happen. React quickly and act quick.

2. Get your work done

Edmonton home buyers ought to get their work done before finishing any arrangement with the seller. It’s discriminating to invest this exertion with regards to purchasing a home. There are many alternatives accessible on the web, purchasers can investigate them and get to know the home costs in their zones. A definite investigation of the salary levels, educational system, demographics and property assessment rate will help in arrangement. Subsequently, homebuyers ought to do their legitimate research before taking care of business with the merchant.

3. Don’t demonstrate your enthusiasm

As a purchaser, you may be aching to purchase a home and may likewise have a settled timetable. You ought to never demonstrate your enthusiasm to the merchant however. In the event that the home seller thinks about your avidness, he may raise the value and may not arrange further. He comprehends your need and can even exploit it. Hence, you have to verify that you don’t let the purchaser think about your issues. Regardless of the possibility that a broker is included in your exchange, verify that this broker does not to reveal the data. Here at Team Leading Edge, your emotion is safe with us!

4. Associate with your Edmonton home seller

On the off chance that you are wanting to purchase a house, its imperative for you to join with your home seller. When you associate with the merchant, speak with him and let him know all the subtle elements you like about the house, it assembles an association between you. It’s great to unite with the vender and manufacture relations with him in setting to your future home.

5. Make inquiries and clear up your questions

As a purchaser, you ought to never imagine all is well. Be clear, make inquiries and clear up questions. A productive moderator is not apprehensive in light of the fact that he or she makes inquiries. You are that arbitrator concerning your decision of home. Don’t keep yourself from illuminating a worry. That worry could result in issues later on.

6. Organize your needs

As a purchaser, you ought to organize your needs while arranging with your merchant. You have to make sense of what you need most and put it forward in like manner. Case in point, choose whether you need a lower cost or the dealer to make repairs. Organize your needs and act in like manner. In the event that you have done this, you can easily arrange with the dealer.

7. Report the arrangement

Never expect anything, as suspicions dependably make perplexity. You, as a purchaser, ought to make a point to archive the arrangement, get it in composing. In the event that the dealer lets you know that he will give the dishwasher and the clothes washer, get it in composing. Indeed the little points of interest ought to be archived. This will keep inconveniences from being made later on.

Check out all the Edmonton homes for sale with our new and improved Edmonton MLS listings.

With home value increases abating in many parts of the nation, Edmonton home sellers will be searching for approaches to get top dollar for their posting. Cleaning and arranging have an enormous effect. Yet for a few dealers, for example, financial specialists looking to bring an Edmonton property up to neighborhood benchmarks before the deal redesigning work may be the ticket.

As the 2015 Renovating Expense versus Quality Report makes clear, substantial scale occupations aren’t liable to return Edmonton home sellers their full cost. At the same time there are enhancements worth doing in reckoning of an up and coming deal. Some will return just about 100 percent of their expense. Others might not have as awesome a payback, yet they can enhance the business sector position of the Edmonton property in connection to the opposition. (Consider the effect of delightful kitchen photographs on online Edmonton home customers.) also, a few pricier undertakings can furnish managers with a couple of years of pleasure while as yet offering a not too bad payback not far off.

When in doubt:

More straightforward, lower-expense tasks have a tendency to return more prominent quality. The national normal expense for a steel entryway substitution was $1,230, for instance. That is the slightest extravagant extend on the rundown, and it positions most elevated on the payback scale, giving back 101.8 percent broadly by and large. Truth be told, in 43 of the 102 business sectors overviewed, REALTORS® said the new entryway would recover more than 100 percent of its cost. Different tasks anticipated that would beat 100 percent payback in various markets: the midrange carport entryway substitution, the upscale carport entryway substitution, the midrange wood window substitution, and the minor kitchen redesign. Notice an example? Except for the kitchen occupation, they’re all substitution ventures. All in all, substitutions cost less and give a greater payback than redesigns or augmentations.

Early introductions are vital. The substitutions that offer the best payback are the ones that are most evident to purchasers when they first view a house in individual or on the web, for example, new entryway or carport entryway. Siding substitution likewise gives extraordinary worth at resale—especially the current year’s one new extend, produced stone lacquer,  which is required to recover 92.2 percent of its cost broadly by and large.

Kitchens still offer the most renovating value for the money. The main renovating occupation softening into the main 10 up terms of payback is the minor kitchen rebuild with a national normal expense of $19,226 and a national normal payback of 79.3 percent.

Main 5 undertakings broadly as far as expense recovered:

1. Section entryway substitution (101.8%)

2. Fabricated stone polish (92.2%)

3. Carport entryway substitution mid-range (88.5%)

4. Siding substitution, fiber concrete (84.3%)

5. Carport entryway substitution upscale (82.5%)

Expect greater adjustments in the West. Notwithstanding reporting national midpoints, Redesigning magazine separates Expense versus Esteem information by Enumeration locale. In the Pacific area which incorporates The Frozen North, California, Hawaii, Oregon, and Washington—six undertakings are relied upon to main 100 percent payback. The closest contender is the East South Focal district Alabama, Kentucky, Mississippi, and Tennessee—where two activities are required to main 100 percent payback.

Exactly how much dealers can hope to recover from home changes relies on upon the occupation and the district of the nation they live in. There are additionally considers that fluctuate from house to house and deal to deal, for example, what overhauls are commonplace for the area, the nature of the work, and how vital the change is to a specific purchaser. Keeping in mind you can’t make a difference this information straightforwardly to any particular house or neighborhood, you can utilize the Expense versus Worth Report as a beginning stage in discourses with purchasers and venders about the expense and benefit of renovating.

Check out our complete list of available newly renovated Edmonton homes for sale at our new Edmonton MLS listings.

 The newest listing to hit the street of Walker Edmonton is here!

3 bedrooms, 3 baths and 2234 sq ft of pure awesomeness!

Priced for your convenience! Only $ 490,000!

Check out more of the details here: http://www.edmonton-real-estate.com/listing/e3400361-1713-63a-st-sw-edmonton-ab-t6x-0r8/

For more Edmonton homes for sale, see our Edmonton MLS listings here: http://www.edmonton-real-estate.com/idx/

Great! The point that you’re reading this article means you’re really interested in boosting the profit you’ll get out of your Edmonton home once it’s sold.

This might be common sense but still a lot of people don’t fully understand the benefits of providing improvements to their home before listing it to the Edmonton MLS. Simply put it this way, doing home improvements would help sell your home at a faster rate than the competition-and of course for a higher selling price!

Glorious things can be achieved by doing simple things.

Here are a few things you can do what definitely pay off big time!

NEW PAINT: Simple yet effective, providing a new paint job would brighten up the property. It will give off the effect to potential home buyers that the property is brand new. Keep the colors as relaxing and inviting as possible.

LIGHTING: This will complement the new paint. Rooms could be enhanced by installing good lighting fixtures. Double check all the lights inside your home for any issue. You would not want faulty lighting when the Realtor is showing your house.

Save energy by using LED light bulbs. This simple improvement will show the home buyers that the house is built to conserve energy.

LIVING ROOM: As the single most used room inside the house, it is important to keep this place as de-cluttered as possible. You can also rearrange the furniture to have that ‘open-space’ effect.

Keep in mind to make your home buyers wish that they live in there themselves, make them comfortable, and make them love your place.

BEDROOMS: Create an intimate ambiance by replacing the curtains, place candles and use perfumes.

KITCHEN & BATH: These two areas of the house are the most frequently used by the home buyers-not necessarily the kids. With that in mind, keep it simple, stage the kitchen by placing fresh fruits and flowers. A good trick to pull off when there are home buyers to check out the house is to bake a cake, the aroma of a freshly baked cake would stir feelings of coziness.

For the bathrooms, make it smell like those in the hotels. Also, take time to replace toilet seats and shower curtains.

All the small details count in this endeavor, so do your best to clean the property and make it look appealing. As they say, first impressions last!

Get inspiration from the newly listed homes for sale on the market, check out our new Edmonton MLS listings and once you’re ready to sell, give us a call, we’ll be glad to help.

Having your precious Edmonton home inspected before being marketed for sale should be at the top of your priority list. At the end of the day, all Edmonton homes that are for sale would eventually be inspected, that’s part of the process and that’s how it’s going to be. It is not something that you would be able to avoid.

You would be a step ahead of the selling game when you get your home pre-inspected because you’ll instantly know all the defects and issues of your home and have it fixed right there and then. Missing out on this might lead to having the home buyer cancel the purchase agreement, renegotiate the price or simply delay the transaction.

Having your home inspected prior to listing it would give you a good understanding of your homes condition and allow you to focus on fixing it.

You can then provide a full disclosure to the home buyer of all the identified problems that were fixed. This would allow the purchaser to understand the condition of the home from the start of the transaction.

The goal of the pre-listing inspection is to grant you more control over the process of hand-picking efficient home inspectors instead of relying on the homebuyer who might utilize a friend, family or company that is not qualified or is incompetent to do the task.

Ultimately, having your Edmonton home inspected provides you with the ability to manage or eliminate the risk of having serious homebuyers walk away from the transaction because of the poor condition of the house.

Team Leading Edge have partnered with Edmonton’s top home inspectors to help make the process easier for you. Check the directory of Edmonton home inspectors here.

For a glimpse of all the new Edmonton homes for sale out on the market, check out the team’s Edmonton MLS listings page.

Team Leading Edge have grown into an up and coming real estate powerhouse with the addition of 2 new Realtors, Luc Cote and Dwight Jones.

The team is looking into surpassing their achievements in the past year.

Work only with the premier Edmonton specialists when selling or buying Edmonton homes.

Experience high speed access to Edmonton’s newest real estate listings through the Edmonton MLS search tab.

Oftentimes, renovating an older home comes with surprises beyond the control of contractors and home owners. There are times that hidden expenses lurk beyond old walls.

When it comes to forecasting costs, new constructions are much more controllable.

Bear in mind that the process of renovating and improving your Edmonton home should be planned with a budget that is less than you can really afford. Your contractors would have contingency plans as well to cover the mistakes that they “may” have committed.

Yes! Nobody is truly perfect so you can be sure that your chosen constructors would run into problems they might not have foreseen.

That best way to actually get a grip of the actual cost of renovation or home improvement is to get bids from three local firms. Getting the figures from other people is a good plan to get a gauge of how you would have to spend.

Once you get a good picture of the cost, it is to your best interest to provide a buffer of at least 20% additional budget to cover any other surprises.

As a homeowner, you could also use the approach taken by commercial constructions, this is by asking the constructors to bid on a guaranteed max with a shared savings contract. Your builder will provide you with all the construction expenses, overhead costs and gains. Once the project is done, both of you will share in the savings. It is a great way to incentivize contractors to do their work more cost effectively.

It is highly important that you and your chosen contractors have a transparent working relationship. Both of you needs to be on the same page as to who is in charge to decide when to proceed when new costs arises.

Good communication together with your contingency plan in the finances of the project would be your best bet to having a successful home improvement or renovation.

Visit our Edmonton MLS listings for a great list of new homes for sale in Edmonton and nearby areas.

2015 Will Be A Phenomenal Year!

Here’s our little treat to all our beloved readers and clients. Start the year right with this STARTER PACK. Learn the basics of selling your Edmonton home this 2015.

Click Here

Also, check out our newest Edmonton MLS page for best homes for sale.

KICK STARTING THE NEW YEAR BY CELEBRATING OUR VERY OWN JOEY TOLVAY’S NEWEST ACHIEVEMENT!

Rookie of the Month for December 2014 for all of RE/MAX Elite!

Since its Christmas, we thought of posting a light hearted article for a change. This piece from Rochester’s Real Estate Blog caught our attention.

The listed Real Estate myths persist not only in Edmonton, but also all around the world. Check it out if you have also heard of them.

Oh, by the way, remember to check out our new Edmonton MLS Listings when you’re done for the latest and most up-to-date listings of homes for sale in Edmonton. Enjoy!

All Real Estate Agents Are The Same

One of the most common real estate myths is that all real estate agents are the same. This myth can lead to buyers and sellers making big mistakes when selecting a real estate agent to represent their interests. Every agent has different skills, different experience levels, and different traits.

For example, a real estate agent who has been selling real estate for two years and primarily works as a buyers agent is not going to have the same skill set as a real estate agent who has 20 years of experience selling waterfront property.

There is a significant difference between real estate agents who work with sellers and real estate agents who work with buyers. The saying, “All men are created equal,” is the complete opposite when it comes to real estate agents.

All Real Estate Agents Make Boatloads of Money

Successful real estate agents certainly can make a very nice income. The amount of time, effort, and money that top producing real estate agents need to put forth is significant. A common real estate myth is that all real estate agents make boatloads of money.

The general consensus is that real estate agents earn 6% of the sale price of a home, no matter what. This is not true. There are many things that effect the percentage of commission earned by real estate agents. First and foremost is the fact that commission is negotiable. Any real estate agent who says otherwise is likely violating rules and regulations.

Let’s assume that a seller is willing to pay 6% of the sale price of their home. The 6% commission is normally divided between the listing and selling brokers. The real estate brokers then take a “cut” of their respective commissions before distributing to the real estate agents involved in the transaction. In addition to their company taking their “cut,” there are many expenses that real estate agents incur that most don’t realize. Items such as health insurance, fuel, car maintenance, and advertising expenses are just a handful of the expenses that real estate professionals are responsible for.

Obtaining a real estate license is not difficult. Many people get their license thinking it’s an easy way to make boatloads of money. There are many considerations that should be made before getting a real estate license.

When Selling a Home, Price It To Leave Room For Negotiations

Correctly pricing a home is one of the top 3 important things when selling a home. Incorrectly pricing a home can be the “kiss of death.” There are several real estate pricing mistakes that sellers commonly make. One of these common pricing mistakes also happens to be a very common real estate myth as well.

Pricing a home higher so that there is room for negotiations with a potential buyer. This real estate myth, if believed by a seller, can lead to tons of frustration and potentially to a home that sits on the market for a long time. If you are selling your home, you need to understand who today’s buyers are and what they are all about. The internet has greatly impacted the real estate industry. Buyers are more savvy and educated than ever before, due to the amount of information available through the internet.

A buyer will not waste their time looking at a home that is overpriced by thousands of dollars. So before you list your home $25,000 higher than a top producing real estate agent suggests to leave room for “negotiating,” you need to understand that most buyers will know it’s over priced and may pass on looking at your home.

Using the listing agent to buy a home doesn’t always mean a better deal

Using the listing agent to buy a home doesn’t always mean a better deal

You Get A Better Deal When Buying a Home Through The Listing Agent

Buying a home can be a complicated process, especially for a first time home buyer. It’s imperative that when buying a home, you have a great real estate agent representing your best interests. A common real estate myth is that when buying a home, using the listing agent will result in a better deal on the home. The thought process behind this myth is the listing agent will cut their commission percentage because they are receiving both “sides” of the transaction.

Sounds like an ideal scenario for a buyer, right? Wrong. What a buyer may not understand is that the listing agent is also still representing the seller. While they do need to be honest, fair, and ethical to all parties and certainly there are real estate professionals out there who can be trusted to represent both parties, it needs to be understood that the listing agent still has to represent the sellers best interest as well.

If you use a listing agent to buy a home, consider how hard the listing agent is going to negotiate the price with the seller, who also happens to be their client. Same goes for any negotiations from the home inspection findings. It’s possible by using the listing agent a better deal could be had, however, the biggest consideration that needs to be taken into account is the representation that will be received.

Getting Pre-Approved Is Done After Finding Your Perfect Home

One of the hardest myth to break for real estate agents relates to financing. Many home buyers believe that getting pre-approved doesn’t need to take place until they have found their perfect home. This is a huge mistake for many reasons.

A buyer should be and want to be pre-approved for a mortgage before they house hunt. House hunting can be time consuming, exciting, frustrating, and many other things. Before getting involved in a full out search for that perfect home, eliminate the chances of any disappointment down the road by getting a pre-approval from a mortgage lender. A buyer can be devastated if they find a home they love, write an offer, and have it accepted only to find out in the future they have been declined for a mortgage.

Another reasons why a buyer should get pre-approved for a mortgage before finding their perfect home is in the event their perfect home is receiving multiple offers. A multiple offer scenario is a dream for a seller and a nightmare for a buyer. A buyer who has been pre-approved has a significant advantage in a multiple offer scenario.

Open Houses Sell Houses

Many sellers love the idea of their home being open every Sunday. A common real estate myth is that an open house is a great way to sell a home. The fact is that according to the National Association of Realtors, 2% of homes are sold as a result of an open house. Can a sale result from an open house, YES. Is it likely, NO.

You’re probably asking yourself why many real estate agents push open houses. When interviewing potential Realtors to sell your home, ask them why they want to hold your home open every Sunday. If the answer is because it will sell your home, you may want to reconsider hiring that prospective Realtor.

The primary reason why a real estate agent would swear by open houses is because they see them as an opportunity to pick up new clients. It’s possible that a buyer walks through an open house and does not have a real estate agent they’re working with. This is a great opportunity for the real estate agent to convert the potential buyer into a client.

Before deciding whether an open house is something you would want to take part in when selling your home, consider all the possible drawbacks of an open house.

Selling For Sale By Owner Can End Up Costing a Seller Thousands of Dollars

Selling For Sale By Owner Can End Up Costing a Seller Thousands of Dollars

Selling A Home “For Sale By Owner” Saves Lots of Money

The main reason sellers believe that selling their home “for sale by owner” (FSBO) is a good idea is because it will save them lots of money. This is a common real estate myth. Many sellers who attempt to sell their home FSBO believe that selling homes is easy. It would be great if selling homes was as simple as putting a for-sale sign in the front yard of a home, input the home into the MLS, and watch it sell, but it is not.

FSBO’s often will end up losing money by not hiring a professional real estate agent. This could be due to several different reasons. Did the FSBO overprice their home and it didn’t sell for 6 months? Was the transaction mishandled ending up in a buyer being declined after 3 months under contract? Did the FSBO not know how to negotiate the best price and terms for their home?

Real Estate Agents Only Can Show Their Own Companies Listings

Real estate agents who belong to their local real estate board and MLS have access to any listing that is multiple listed. A common real estate myth is that real estate agents can only show their own listings or their own companies listings. This is false.

For example, if a real estate agent works for Nothnagle Realtors, my Rochester, NY real estate company, they also can show properties that are currently listed by other real estate companies, such as Re/Max or Hunt Real Estate.

Real Estate Agents Say And Do Anything To Make A Sale

Real estate agents are held to a very strict code of ethics and also many rules and regulations. Many believe, however, that real estate agents will say and do anything to make a sale, because they don’t get paid until a home closes. This real estate myth can certainly be possible as there are real estate professionals who will say and do anything to make a sale, however, the majority of real estate agents will not.

Most real estate agents business relies heavily on referral business, word of mouth business, and repeat business. A real estate agent who blatantly lies to clients just to make a sale, is unlikely to receive any of the above mentioned business. When buying or selling a home, it’s extremely important to select a very trustworthy real estate agent who you can trust and are comfortable with.

A Home Doesn’t Need To Be Prepared For Sale

The real estate myth that homes don’t need to be prepared for a sale can cost a seller thousands of dollars. Properly preparing a home for sale can be the difference between it selling in a relatively quick amount of time or it sitting on the market and developing a negative stigma. It’s very important that you don’t list your home before it’s ready.

Why is it important to prepare a home for sale? First and foremost, today’s buyers are more often than not looking for a home that is move-in condition. Additionally, the first 3-4 weeks on the market are the most critical. If a home is priced properly, prepared properly, and marketed correctly, it should be under contract in the 3-4 weeks on the market. Simple preparations, such as staging tips, general cleaning, minor improvements, and pre-listing inspections can all help minimize time on market while maximizing the sale price.

The above real estate myths are too commonly thought of by the general public. While it’s understanding why these real estate myths could be true, they certainly are not.

This article was originally published at Rochester’s Real Estate Blog.