Edmonton Homes

Edmonton Advanced Marketing DND BGRS REALTOR

I have listed a new property at 310 6315 135 AVE NW in Edmonton.
Perfect Location in Holland Gardens! This warm and inviting 1 Bedroom plus Den condo boasts of over 1100 sq ft of open-concept modern styling. The king-sized master bedroom offers a large walk-in closet and a 4-piece bath just outside. The den is over sized and makes a great home office or poker/games room. This home also features high ceilings and tons of storage. The large balcony offers a sunny, courtyard view and a gas line for your BBQ. Add to that the convenience of in-suite laundry, heated underground parking with storage and you have it all! Condo fees include ALL UTILITIES including heat, water and electricity. The building has quiet concrete construction, 24-hour video security and experienced management making it an easy choice for first-time buyers and investors alike. Fantastic location 5 blocks from LRT with easy access to all amenities -- shopping, leisure center, restaurants, transit, and more – all in a secure, quiet building! Shows fantastic in person! MUST BE SEEN
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I have listed a new property at 403 10118 95 ST in Edmonton.
muliti-level penthouse loft condominium, located in The Chadwick. This gorgeous 2 bedroom, 2 bath home has been renovated from top to bottom. Loft upstairs has a spacious entertainment room with a private roof top deck. The second balcony is off of the living room and features a gas BBQ outlet. 18' ceilings with full height windows to loft level generating natural light all day. This home has been extensively renovated from the white kitchen cabinets to the porcelain tiles. This home comes with 2 underground titled parking #59 and #65 as well as 1 storage unit. Visitor parking is at rear of the complex. Convenient location close to LRT, Canada Place, City Center, walking and bike trails just down the hill along the river. Close to the Winspear, the new Art Gallery and the arts district.
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I have listed a new property at 1557 Rutherford RD in Edmonton.
This former show home is still dripping with all it's former class and glory! This 1,378 sq.ft two story home is an attention getter! From the front attached heated double garage, still finished like the show home with drywall and lighting. Enter the main floor foyer to a 2 pce powder room with attached laundry. Stroll into the large all open concept living room, kitchen & nook. Finished in rich solid hardwood, the kitchen is augmented with dark cabinets, tile back splash, designer S/S appliances and more. Upstairs find three generous bedrooms, a 4 pce main bath and a master suite with another full ensuite and huge walk in closet. Most rooms feature built in audio systems and all have the designer window coverings! This fully landscaped home with maintenance free decking and more! Located in the sought after Rutherford community with newer services, shopping, schools and more.
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I have listed a new property at 17777 95 ST in Edmonton.
Great two-storey townhouse with finished basement in the heart of Lago Lindo. This spacious homes offers several upgrades including central Air conditioning, and a high efficiency furnace. Enjoy the ceramic tile kitchen and large living room with a beautiful multi-colour real hardwood floor. Upstairs, the large bedrooms with good-sized closets and nicely featured bathroom. The backyard is extremely private with a patio and plenty of greenery. Condo fees are low and the complex is professionally managed, making this one of the best condominiums in the city. Located near parks, schools nearby and quick access to Canadian Forces Base Edmonton Garrison. Don't miss out on this great home.
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Bring in the "Chi" into your Edmonton Home

Creating a calming ambience in your home is essential when selling. Buyers want to feel at welcomed the moment they step into your home. Below are a few ways to create a welcoming atmosphere.




Declutter, Clean and Organize Everything

Rule of thumb: If you do not plan on using it in the next three months, pack it away or store it.
Clutter reduces the opportunity for feng shui to shine throughout your the entire home. Clear clutter from all rooms, closets, cupboards and drawers.


Clean windows are crucial for good feng shui to flow as they symbolize your eyes to the world and allow light and energy to enter your home. Fix any squeaky doors or floors to create positive energy in each room. Open windows to create a fresh room filled with oxygen. Do not use strong air fresheners.

Provide a Strong Feng Shui Front Entrance

Your home primary gets its flow of chi energy through the front door so it is important to ensure the chi energy is strong and well maintained. "Wow" your guests as they enter your home. Create a welcoming entrance within eyesight of your front entrance with beautiful furniture, decor and color. Maintain the quality of your entrance, keeping it clutter free and sparkling. Add a fresh coat of paint to the front door if needed, and remove old mats. Add a water fountain or a healthy looking plant to your entrance (even if it is fake).

Create a Comfy Living Room

Your living room should feel large, inviting and comfortable. Avoid using furniture in the middle of the room and place your couches and love seats along a solid wall creating a feeling of more space. Add accent color by using small throw pillows. You can also increase energy for activating natural elements by adding plants, flowing water, wood decor and a fireplace throughout the room.

Build Boundaries in the Bedroom

Remove televisions, computers or exercise equipment as these things bring the energy of work and stress into a room that is meant for relaxation and romance. Having enough room for a bedside table on each side is important, as well as avoiding having your bed in line with the door.

Feng Shui Your Bathroom

Water attracts an abundance of wealth in feng shui and lots of water escapes the home through toilets, sinks and showers. Make sure you keep the toilet seat down and the bathroom door shut to keep positive energy from escaping.

Keep the Kitchen Happy

The heart of the home is the kitchen and in a perfect Feng Shui home would be located in the centre of the dwelling. This is an important part of your home to attract health and prosperity. Add a bowl of fresh fruit, flowers or plants bring uplifting life and energy into this important area. Don't forget to keep counters clutter free!

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I have listed a new property at 106 10345 123 ST in Edmonton.
Welcome to the well managed Royal Oak III in Oliver Edmonton. This fully renovated, private 2 bedroom, 2 bath end unit is one of a kind. As you step in the door to your suite #106 you know you've come home and can enjoy your time in this modern kitchen with a space saving microwave range, newer appliances & cabinets. Share a meal in the dinette with friends and family or enjoy the spacious bright living room, accented with LED lighting. Down the hall you'll find a 2nd bedroom, then down the hall, separated by a 4 piece bathroom, large storage room, & closets, you reach the large master retreat with Ensuite. With Grant Mac, Arena & Brewery District close & Only one block away from 124th St, said to be Edmonton's most vibrant shopping, fine food & arts district, why wait? Pets allowed!!!
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I have listed a new property at 4 Birch DR in Gibbons.
A perfect starter home in Gibbons Alberta. This single-family detached house is a great investment!! With several recent upgrades including furnace, hot water tank, windows, shingles, newer Kitchen, bathrooms and the list goes on. This bungalow is in mint condition and has so much to offer including a separate entrance to the open concept basement with second kitchen and fourth bedroom and third bath. The backyard is fully fenced and is close to Poplar Park and lots of room to add a future garage.
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I have listed a new property at 11203 Groat RD NW in Edmonton.
This fully finished bungalow is situated in an excellent location on a 650 meter square corner lot with R3 zoning. It features 3 large bedrooms on the main floor as well as an additional 2 in the basement. Not to mention the benefits of having a SECOND KITCHEN in the basement with a separate entrance! Right across from the West Mount shopping center as well as only minutes away from N.A.I.T and the University. Though it needs a bit of TLC, this would be a perfect family home with a little paint and updating.
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Understanding Real Estate Commissions

Let's pretend for a moment, your Edmonton home sells for $400,000 and you are paying 7% on the first $100,000 and 3% on the balance of the purchase price. The total commissions payable would be $16,000 plus GST. To understand, how much money real estate agents actually make, we need to look at how agents real estate commissions really work.


Edmonton Real Estate Commissions Image


First - Half of the commission is given to the buyer's agent. Out of the buying side, the buyer's agent does not receive the total $8000. Depending on how the agent splits their commissions between a team or office split, many buyers agents in Edmonton will receive half of the remuneration of $4000. Out of this sum, the buyers' agent will have to pay their monthly desk fee, vehicle maintenance, gas, and insurance. There are also annual licencing fees for Edmonton Realtors, buyer closing gifts, title searches, other fees associated with selling a property and of course Revenue Canadas share.


The other half of the commission goes to the listing agent. Out of the listing side, the Realtor usually has more expenses than a buyers agent including the cost of marketing the property, (which is not cheap!), the cost of hiring a professional photographer, the cost of accurately measuring the property, cost of a third company putting up and removing real estate signs, key boxes, promotional items, website maintenance, property specific webpages, etc. Same as the buyers' agents, the listing agent also pays for annual licencing fees for Realtors, seller closing gifts, title searches, other fees associated with selling a property and Revenue Canadas portion of the commission. 


There are real estate companies in Edmonton who will charge a flat fee or a lesser commission to put your home on MLS, and other Realtors will charge a higher fee. Understanding how much money Edmonton Realtors make will depend on how many homes they sell and how much commission they receive on each property sold.


The net commissions left for the real estate agent is what they get to take home to feed, shelter and clothe their families. Today, in Edmonton's soft real estate market, many agents are now changing companies to a "lesser fee structure" company due to the cost of doing business. Many of these agents can no longer afford to be a Realtor, simply because they are not doing enough business, don't want to work as hard to earn a higher commission, are licenced only to buy and sell real estate for themselves or are on their way out of the business.


Now that you have a better understanding of how commissions work and how much Realtors actually net, let's pretend again for a moment, you are a real estate agent. Although it is against the Realtors Code of Conduct not to show properties based on commissions, it can be a buyers discretion not to view them (read more about buyer brokerage agreements). If you were a Realtor in Edmonton, would you show a property with a lesser commission?


In Alberta, all real estate commissions are negotiable, up or down and when hiring a real estate agent to sell your Edmonton home, a few thousand dollars in real estate commissions can make the difference between selling and not selling your home - Choose your Realtor based on the value they offer and interview more than one. Do they have the tools to market your home? Are they giving you a discount based on services which will be eliminated? Are they asking for money upfront, prior to doing anything? How is their internet presence? 


Always interview a few real estate agents, ask lots of questions especially about their marketing plan and how they attract buyers. Find out what they have to offer. Not all Realtors are the same, each agent is different. If you use a Realtor or a real estate company to sell your home, there will be a fee. The big question you need to ask yourself is - "HOW MUCH MONEY WILL YOU NET AT THE END OF THE DAY?" 


Most REMAX Realtors in Edmonton have the highest monthly real estate fees and are working hard to help you sell or buy your home, staying on top of their game, a doing what it takes to get your home sold including paying for the costs of marketing your property. Keep in mind, Realtors do not get paid by the hour, their real estate companies DO NOT pay them for working there. Realtors work very hard to earn their commissions and only get paid once your property is SOLD (usually on possession date) and not on the day it is sold! 


If you have any questions on real estate commissions in Edmonton or what like an in-home real estate interview with myself, feel free to contact me anytime.

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Posted to CFB Edmonton Garrison? Book Your HHT Today!

Your relocation package will consist of three components Core, Custom and Personalized.

  • The Core component covers items that are considered essential for your move such as cost to sell your existing property or dispose of your rental unit, cost of your House Hunting Trip (HHT) etc.
  • The Custom component cover items that enhance your moves such as marketing incentives on your existing property to help it sell, bridge financing and costs associated with your extended family.
  • The last component is non-essential but attributable to your move such as a Movement Grant, Posting Allowances and others.

Below is a description of the components, some examples of what each covers, and what happens if they are not used.

Core Component

Overview

Core benefits are essential to a move. All core benefits are funded directly by the Department. A member is not required to use these benefits, however, any unused benefits cannot be exchanged or assigned any monetary value to pay for any other benefits or expenses.

Examples of items covered

  • Disposal of your rental unit. Pay for getting out of a lease
  • Pay for costs to sell your residence, all real estate commissions and legal fees etc, mortgage breaking penalties, home equity assistance
  • Costs associated with your house hunting trips such as travel and hotels
  • The cost to purchase a new house including legal fees, inspections
  • The cost to move such as moving expenses, travel etc.
  • Much more. Ask IRP rep for more details.

What happens if not used

If you don’t use you forfeit them.

Custom Component

Overview

Custom benefits enhance a move. Custom funding is based on the factors of the type of accommodation, distance travelled and family size. The custom funding formula is used by the member to pay for these custom benefits only and cannot be used for any other type of benefit.

Examples of items covered

  • Building Inspection on your existing property
  • Marketing Incentives such as decorating allowances, early closing incentives
  • The cost to have someone take care of your children on HHT
  • Dependant and Extended Family Travel
  • Bridge Financing
  • Interest on $25,000 Home Relocation Loan
  • Miscellaneous Expenses for Extended Family such as transportation, lodgings, meals and miscellaneous expenses
  • Car rental when primary vehicle shipped
  • Shipment of – Second Vehicle, Pets, Boats, Antiques, Artwork, RV’s, Trailers
  • Miscellaneous Shipping Expenses
  • Spousal Employment Search expenses

What happens if not used

Choose it and use it or lose it

Personalized Component

Overview

Personalized benefits are non-essential expenses but are attributable to a move It is within the member’s discretion to use personalized benefits. The personalized funding formula is available for use in three ways:

  • it can pay for any personalized benefits;
  • it can pay for additional custom benefits beyond what can be covered by the custom-funding formula; and
  • remaining funds can be cashed out and paid directly to the member.

Examples of items covered

  • Movement Grant: Members receive a non-accountable grant in an amount of $650. This allowance is intended to offset various losses or expenses incurred but not specifically provided for because of the move. Members must sign a statement verifying that these expenses were incurred. Receipts are not required.
  • Posting Allowance: Members who elect not to sell their home receive an incentive equal to 80% of the pre-negotiated corporate real estate commission rate based on the appraised value of the home. It shall not exceed $12,000. Members can generate Personalized Funding as a result of savings on a house hunting trip. These savings can occur in one of two ways:
    • Shortened HHT
    • CF Service Air

What happens if not used

Remaining funds can be cashed out and paid directly to the member.

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CHARLENE'S STORY: FINDING OUT TOO LATE 

A REALTOR® could have helped Charlene see the complete picture of what she was buying before the deal closed.


Using an Edmonton real estate who is familiar with areas of the city can save you headaches, worries and stress. For the most prone areas of flooding in Edmonton, high crime rate areas or the best communities to purchase a home in Edmonton, contact a REALTOR®  realtor today.

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JENNIFER'S STORY: DISCOVERING WHAT GOES ON BEHIND THE SCENES


This for sale by owner has lost a lot of time, money and felt extremely stressed trying to sell the house on her own. One of her biggest regrets of selling on her own was not understanding what  REALTORS® really do and how a real estate agent can help. Watch this video to find out what the two biggest regrets of this home seller are. 


If you are looking to avoid real estate contract mistakes during the offer process, contact us today. We are here to help.

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I have listed a new property at 1079 Genesis Lake BLVD in Stony Plain.
Welcome to our meticulous executive walkout bungalow. This magnificent home is located in the prestigious community of Genesis Lake featuring a professionally landscaped callosal backyard with a harmonious patio area overlooking Genesis Lake. This prime location bungalow features barn wood oak flooring, heated ceramic tiles, underground sprinklers, gorgeous gourmet kitchen with large island and cabinetry soaring to the top of the 10' ceilings, and central air. The main floor includes a shared double-sided gas fireplace between the living room and exterior balcony, monumental windows with custom blinds in dining and master bedroom providing tranquil views of the lake, front piano room, and a spacious mud off the heated garage. The basement is finished w/ the same quality, upper-end finishings and attention to details that one would expect in a home of this calibre. More perks of this great fully finished bungalow include a recreation/gym room, second and third bedrooms, prodigious bar w/quartz counters & more. View more homes for sale in Stony Plain Alberta
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What classifies an Edmonton home as luxury?

Luxury home prices vary from city to province to state to country. What classifies a home in the luxury market consists of a few variables. Luxury homes are no longer based on price alone. To classify a property into the luxury home category, it mush have desired indulgences. A home can be considered "a luxury property" when it offers these features:


Edmonton luxury homes image


  • A grand foyer with soaring ceilings to greet your guests.
  • Adequate nanny/guest living quarters which are private and away from the main living area.
  • Personal conveniences and amenities such as pools, in-home gyms, Imax movie theaters, arcade rooms, wine cellars, decontamination showers, backyard tennis courts, solarium, and game rooms. There are several homes in Edmonton with personal amenities which can be found in Cameron Heights and Glenora.
  • State of the art kitchens. With duel ovens, smart refrigerators to keep track of your food items, wine storage, ample counter space, built in computer screens.
  • Technology. Homes controlled with voice activation or the touch of a bottom from anywhere in the world are now one of the must haves with elite buyers.
  • Privacy. Many elite home buyers require privacy, especially media icons who get accosted by paparazzi.
  • A prime location. A view is one of the things that make homes fall into the luxury category no matter where you live. It can be an unobstructed view of a mountain, beach front, or overlooking the sparkling lights of the city. Beach front properties in Edmonton can be found in Summerside.
  • Premier quality, reputable builders and renowned architect. The construction materials, lighting, finishes, appliances, and design all must be a cut above what's considered standard. Dominate renowned Edmonton communities include Griesbach and Windermere.

A luxury home can mean different things to different people. Bottom line, a luxury home is where you can relax and retreat from the rest of the world, enjoying a dwelling which fits your life style.


View luxury homes for sale in Edmonton Alberta

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3rd Canadian Division Support Base Edmonton

History of Canadian Armed Forces Base, CFB Edmonton Garrison

Edmonton Garrison


The third Canadian Division Support Base, CFB Edmonton is a Canadian Forces base located in Sturgeon County north Edmonton and east of St. Alberta municipality. CFB Edmonton Garrison is also known as the Steele Barracks.

The history of this Canadian Armed force Edmonton Base begins the old Blatchford Field airfield, named after Kenny Blatchford who was a former mayor of Edmonton.


During the First World War, this airfield began operating and became vital to the development of the Canadian north, a staging point for the U.S. defence of Alaska and was heavily used by the U.S. military.


During the Second World War, the Blatchford Field was a training station under the British Commonwealth which formed a Royal Canadian Air Force Flying Training School and used the aerodrome.


Since the Blatchford Field airfield could not be expanded due to the proximity of Edmonton, the United States Government built a new air facility at Namao, a hamlet within Sturgeon County located approximately seven kilometres north of our city limits. It was the namesake of RCAF Station Namao, now CFB Edmonton, which is directly south of the hamlet.


The RCAF Station Namao was used by the United States Strategic Air Command, during the Cold War. It constructed a "Nose Dock" capable of servicing the nose and wings of heavy jet bombers and tankers on the south side of the airfield and also hosted the Edmonton Rescue Coordination Center, and served as home base for United Nations Food Aid flights, delivering much-needed aid third world countries, and was a designated an emergency Space Shuttle landing site by NASA.


When Canada's armed forces were amalgamated in 1968, the RCAF Station Namao was re-designated CFB Edmonton and was under command of the new Air Transport Command. Today, both runways are still visible, but they are no longer in use with the exception of helicopters.


Download a map of the Edmonton Garrison


View Homes for sale near CFB Edmonton Garrison



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Is it time to Say Goodbye to Your Real Estate Agent

In all relationships, ending a relationship can sometimes be difficult, especially when you are under a signed agreement. Buying and selling homes is more than working with a friend. It is also about making the right choices for yourself and your families best interests. There are expectations when relying on Real Estate Agents to help you Buy and Sell and professionalism should be at the top. If you are unhappy with your real estate agent, there are a few things you can do.  


How to fire a Realtor
First, communicate your concerns and try to mutually solve the issue with your REALTOR. If you are having difficulty reaching your real estate agent, contact their brokerage. The agreement you entered into is with the Brokerage, not the real estate agent and the brokerage may re-assign a different REALTOR® to you. Most Edmonton Real Estate Brokers are very reasonable and do what they can to help you.


Your agent may also choose to terminate your Listing Agreement or Buyers Brokerage Agreement without any compensation or there may be a clause in your contract with a set dollar amount to terminate the agreement to cover some of the expenses which cost your agent to market the home.


Once you receive the cancellation or termination document, in the province of Alberta, you are free to enter into another agreement with a different real estate agent. Read your termination over before signing. There may be parts in your cancellation agreement that may still be in effect even after the termination.

Below are signs telling you that it may be time to fire your real estate agent.

A breach of Fiduciary Duties (The consumer Relationship Guide) which forms part of your agreement you originally signed with your REALTOR. You have expressed your concerns repeatedly which have not been addressed or worse, have been completely ignored by the other party.


You have no communication with your real estate agent, leaving you in limbo, not knowing what your REALTOR® is doing to sell your home, or the actions being taken to find you a new one. This can be extremely frustrating and you deserve to know what is happening on a regular basis.


Your Real Estate Agent keeps pushing for price reductions without providing the reason. If your home, needs a price adjustment, there will be a reason, whether it is negative feedback from other agents who have shown your home, not enough showings (normally in Edmonton, you should be getting a few showings every week with the exception of multi-million dollar homes), a surplus of recent inventory in your neighborhood, recent economic factors, etc. This information should have been discussed prior to you signing the agreement during the Comparative Market Analysis (CMA)stage.


If you are still interested in selling your home and would like an experienced marketing real estate team to work with you in your best interest, contact us.

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I have listed a new property at 106 10345 123 ST in Edmonton.
Welcome to the well managed Royal Oak III in Oliver Edmonton. This fully renovated, private 2 bedroom, 2 bath end unit is one of a kind. As you step in the door to your suite #106 you know you've come home and can enjoy your time in this modern kitchen with a space saving microwave range, newer appliances & cabinets. Share a meal in the dinette with friends and family or enjoy the spacious bright living room, accented with LED lighting. Down the hall you'll find a 2nd bedroom, then down the hall, separated by a 4 piece bathroom, large storage room, & closets, you reach the large master retreat with Ensuite. With Grant Mac, Arena & Brewery District close & Only one block away from 124th St, said to be Edmonton's most vibrant shopping, fine food & arts district, why wait? Move in Today!
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Looking for new homes in southwest Edmonton?

New homes in Riverview, River's Edge, Uplands and Stillwater are now selling.



Riverview located at the outer ridges of southwest Edmonton is now building. Similar to the rural West Big Lake district, the Riverview community is nestled away from the big city, south of the Grange and features an urban lifestyle, lined with trees along the Wedgewood Creek ravines. This up and coming community will be filled with the amenities of a modern city including playgrounds, parks, recreation and walking trails integrated with new and modern homes, a variety of restaurants, shops and services.


House prices in Riverview will range from starter home prices to the multi-millions. Also known as River's Edge - the Riverview Area offers some of the cities best country residential homes. The Edgemont community features houses and attached dwellings built 2016 and later. Residential construction of Uplands and Stillwater is already underway and will will be the hottest new home district in Edmonton in 2019 & 2020. View currently listed Riverview homes for sale.

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Learn How to Write a Real Estate Offer to Purchase

As a buyer, when writing an offer on a property, you want to be able to pay the least possible amount for your

home. Sometimes buyers will offer 5-10% off of an asking price for no reason other than they were told to by a "friend" This is so silly You may want to offer more, you may want to offer less. The only way to make a reasonable offer is to do your homework.


REAL ESTATE TIP #1 - What the seller paid for their home is irrelevant.

REAL ESTATE TIP #2 - What the seller is asking for their home is also irrelevant.


Edmonton Real Estate Contracts Image


Knowing why a seller is selling is always helpful when you make an offer, but this information is protected by the sellers real estate unless it is allowed in writing to be disclosed. However knowing the reason for selling is still irrelevant on the true market value of the home, as is the asking price. There are several things to take into consideration, prior to making an offer on any home.


  • Market Conditions: Is it a buyers market or a sellers market? Knowing what type of real estate market you are in will help you choose an initial offer price. Completing a community absorption rate is the easiest way to know.
  • Possession Date:Edmonton Real Estate Agents have access to this information and as a rule of thumb, the quicker, the possession date, the more motivated the seller is. Most homeowners in Edmonton have a 30-day negotiable possession date. If a longer possession date or a set date is asked for, this is an indication which the seller needs a specific date and can be more important than price. Keep in mind, if the property is tenant occupied, tenants do have a 90-day tenant right. Normally, homeowners with tenant occupied properties or a vacant property are more motivated.
  • History: Your REALTOR® will know the history of this home. How long the sellers have owned the property, how long they have been trying to sell it and if there have been any price adjustments. Your real estate agent is also required to pull the title of the property which will indicate any recent financial debts including the current mortgage to ensure there will be enough funds to close on possession date.
  • Condition and Size: Size is a factor of price more in places like China than Edmonton. The value of a home is in the condition. You may want to go back into the home to take a better look at the overall condition. Is the flooring laminate or hardwood? Are the faucets Walmart or Moen? Has the yard been meticulously maintained properly or neglected? Will you be replacing any fixtures, chattels, windows, shingles in the near future? Look at the property through the eyes of your experienced real estate agent. They will notice things you don't.
  • Complete a Buyers Comparative Market Analysis: Examine all recent comparable sales. Only use recent properties that are similar in configuration, age, and location to the home you want to buy. Your REALTOR® can complete this for you.

REAL ESTATE TIP #3 - If the property has been staged, don't be fooled by how pretty it looks. Staging a home does not increase property values.


Read more about purchasing a home in Edmonton with our simple 5 step process

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CAN YOU AFFORD TO SELL YOUR HOME

The Edmonton real estate market is soft and house prices have been dormat for the last decade. Before you sell your home, do your homework and estimate your closing costs to ensure you have enough money to make your move. There is nothing worse than sitting with your lawyer and not having enough funds to close your sale.


Edmonton House Prices Image


When a home is sold, the seller incurs various closing costs in addition to paying out the remaining balance on their mortgage and payout penalties. Typical closing costs for a seller may include any property taxes which are in arrears, encumbrances, the cost of a real property report with compliance and/or title insurance, any permits which were not obtained earlier, real estate commissions, any provincial, GST revenue, agricultural or business taxes, liens and legal fees. If the property is a condominium, the seller may also have costs of condominium documents, unpaid condo fees, levies and the estoppel certificate. When selling a house, the seller's costs vary from a few thousand to several thousand.


Since our Edmonton economy is not in the best shape and buyers have become nervous about making large purchases, there are several ways to maximize the value in your home without major renovations including staging and a little bit of home maintance. Pricing your home correctly in todays Edmonton Real estate market is crucial and timing is also a factor. Read more on your community absorption rate.


If you are not sure if you have enough equity in your home, contact one of our real estate experts for a free home evaluation.

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Copyright 2019 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.