7 Tips to keep your home happy, healthy and long-lasting
With a home, ownership comes house maintenance and spring is the best time to check your home maintenance checklist. If you own a house in Edmonton, there are a few natural elements to be aware of depending on your Edmonton community. Edmonton has areas where we have soft soil and higher water tables. Below is a perfect Edmonton House Maintenance checklist to prevent major future water concerns.
- Downspouts and gutters: Pull debris and leaves from downspouts and gutters. Repair any gutters that have pulled away from your house. Run a water hose on the roof of the house and check for proper drainage. If leaks exist, dry the area and use epoxy to seal the leak.
- Siding, Stucco, Wood: Remove the dirt off your siding or stucco with a pressure wash. If your house has wood siding, ensure that all surfaces are covered by a weather-friendly paint. This is also a great time to update the exterior colour of your home and fill in any broken stucco (usually found near window edges).
- Cleaning: Spring is a perfect time to wash windows sills, exterior doors, and screens. Replace, tighten or paint any broken, missing or worn hardware and replace screens with holes. Using your old towels will also be a great reason to buy new ones.
- Grading: Take a walk around your house to see if all grading is sloped away from the foundation. If not, add some clay and topsoil. This is one of the best and cheapest maintenance jobs you can to in your home.
- Deck and porches: Check all decks, patios, porches, stairs, and railings for loose members and deterioration. Replace boards as needed. Don't forget to purchase pressure-treated ones. Spruce this area up and create a warming curb appeal with a fresh coat of paint.
- Landscape: This is a perfect time to trim back overgrown tree branches and bushes. Rotitil your gardens, remove pet stained spots and fertilizer to your grass.
- Tool Check: Check all your spring tools are in working order and all together. Check your lawnmower, oil & gas refills, Water hoses, Rain buckets, etc.
For a fall, spring, summer or winter selling checklist, contact us. We are here to help.
Getting ready to sell your Edmonton home this spring? Get a head start on pricing your home & using our exclusive "Reamx Pre-selling system" to maximize your selling price - click here
How to get your Mortgage Pre-Approval
Depending on who you have chosen, for your Edmonton REALTOR®, the brokerage may have several in-house mortgage brokers or you can make an appointment with your current financial institution with a mortgage specialist.
A mortgage pre-approval is the mortgage underwriting approval process, which consists of gathering all necessary paperwork, prior to house shopping. This paperwork will consist of the last two years of your T4's or last 3 years if you are self-employed, most recent paystub, confirmation of downpayment and closing costs, all debts including support payments, charge card debts and vehicle payments, other income, and any other relevant documentation.
Once all of the paperwork is gathered, it is sent to the underwriter who will review it, check your credit and take into consideration any other factors which will affect your debt ratios.
REAL ESTATE TIP: When you have completed your pre-approval process, this does not guarantee you will be approved for your home. If anything changes or if a "surprises" arrives prior to possession of your new home, your financial institution can still pull your mortgage pre-approval.
If you are putting less than 20% down you will need to pay a CHMC Fee. This is an insurance fee for your financial institution and can be rolled into your mortgage. Rule of thumb. The higher your down payment, the lower the CHMC Fee.
If your credit is border-line, it is great to have a mortgage broker who has personally met you and is willing to vouch for you to the underwriter if needed. All mortgage lenders have, at least internally, a turn time." That is simply the time from submission to underwriter review and their decision. The turn time can be affected by a number of factors big and small. However, if you go to a big bank you can expect a more lengthy approval process and may not make your condition deadline. It is what they do. Let your agent know whether you are using a mortgage broker or someone at your financial institution.
Once the underwriter has had time to review the documents, they will typically issue one of three dispositions - approved, denied or suspended - to your application. If approved underwriting will typically assign a set of conditions you will need to clear to obtain full approval. Clarification on a late payment, a large deposit, past life transgression or simply a missed signature here or there is normal requests. If suspended, which is not completely unusual, underwriting is confused and needs clarification on something.
REAL ESTATE TIP: Once you have an approval from your bank, ask them to send you and your real estate agent something in writing and remove your finance condition. Congratulations, you are now a real homeowner.
CAF POLICY CHANGES & INFORMATION
As a military relocation REALTOR® in Edmonton and the surrounding area, it is important to stay current with information relating to military relocation moves and the Brookfield policies.
One of the biggest changes is the home equity assistance benefit, especially in our soft Edmonton real estate market. This has been a blessing for many of our DND members. It has helped both Canadian Armed Forces home sellers who would have otherwise, not been able to sell their current Alberta residence. It has also helped our military DND members who have been posted to CFB Garrison.
Below is a PDF with some great information on the directives that were updated in April 2018.
If you get a posting message to or from Edmonton, there is plenty of information you need to know. Below is a link with helpful information provided by Brookfield Relocation Services.
As an Edmonton REALTOR®, I specialize in military moves, approved with BGRS for buying and selling in Edmonton and the surrounding area including Morinville, Bon Accord, Gibbons, Fort Saskatchewan and St. Albert. My other real estate affiliates including inspectors and, lawyers are also on the BGRS approved vendor list.
If you have received your posting message, contact us for a relocation package to Edmonton or a complimentary pre-listing package for our DND members to maximize the equity in your home sale.
Common BGRS Real Estate Questions & Answers
When Buying and Selling with IRP Brookfield Global Relocation Program
Question: I have my posting message but I haven't met with my Brookfield representative yet. Can I still list my house?
Answer: If you have received your posting message, the answer is yes! Sellers usually sell their homes at a higher price when they have more time. There is no problem listing or even selling your property before you meet with your Brookfield representative. Contact an approved IRP REALTOR® for more details.
Question: I haven't sold my current house. Can I still go on my House Hunting Trip?
Answer: Maybe. If you are in a position to afford dual house payments, your current home has enough equity or your commanding officer has directed you too due to time factors. YES! If your current home is pending (has a conditional offer), it is best to wait until all of the conditions have been met. IRP Global Brookfield Relocation only pays for your first House Hunting Trip. A second one would be a personal expense.
Question: Can I use any Real Estate Agent to sell my house?
Answer: You can choose any REALTOR® from any Real Estate Company to list your home if they are registered as a 3rd party supplier. If you choose to use a real estate agent who is not familiar with the DND-RCMP Relocation Program, it may end up costing you money that is not allotted in one of your pockets.
Question: How much are and How do I pay for my real estate services?
Answer: All 3rd party suppliers have a written agreement with Brookfield Global Relocation Services outlying their fees which are paid for by Brookfield Global Relocation Services and have agreed to that fee. Each province varies in how much is allotted for a real estate agents fees. If you choose not to use a Real Estate Agent in the Brookfield TPSP directory, who charges a higher rate, the difference will be paid by you personally and this can be several thousand dollars more.
Question: How do I pay for my property inspection and legal fees?
Answer: All 3rd party suppliers including some lawyers and specific property inspectors have a written agreement with Brookfield Global Relocation Services outlying their fees which are paid for by BGRS. If you choose not to use a professional in the Brookfield TPSP directory, who charges a higher rate, the difference will be paid by you personally.
Question: How many homes can I see on my House Hunting Trip(HHT)?
Answer: When buying a property, everyone house shops differently. With our Canadian Armed Forced clients, we will show you as many homes as you like until you find one! Start your house shopping here!