Are your home shopping expectations realistic?

There is no such thing as a perfect house. If you are pre-qualified and have been looking for a home for a long time, there will be one of four reasons you haven't found your dream home

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You can't afford the homes you like.

Either stop looking until you save enough money to purchase your dream home or be realistic what you can afford. Your first home does not to be the forever home. Purchasing your first property is the first step to getting your dream home by building equity. However if you have found a few homes, which would only need a few touch-ups like a new kitchen, talk with your mortgage broker to see if it is possible to add a renovation loan into your mortgage.

Chosen the wrong real estate agent to help you.

The majority of Real Estate Agents in Edmonton and the surrounding area have access to the same MLS Data, but if there hasn't been anything which has caught your attention, you can either fire your agent and find one who will work harder for you, which may include knocking on doors in a specific area or making community phone calls to find you a suitable property. Or maybe you are just too picky.

No motivation.

There are many people who prefer to rent. Every month, they pay for someone else's mortgage, helping the homeowner build equity. Or you have signed a long lease and are not in a position to buy. Or you may have a reason for not purchasing yet. If this is the case, stop looking until you are really ready. Every time you view a home, the seller must vacate the premises which means more cleaning and making arrangement to remove children and pets.

You are TOO cheap.

What the asking price of a home is, is irrelevant to the purchase price. For example: if two identical homes are listed at $400,000 and the other at $375,000 and you are still "Low Balling" the less expensive one, you will never get a good price. A good real estate agent will complete a buyers CMA for you, which will indicate a fair value market price and if it is below, you've already made money.

BEST REAL ESTATE TIP: No matter what type of market we are in, the longer you postpone your purchase, the more money you will lose. Eventually, house prices will go back up in Edmonton, but so will interest rates!

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Make My Kitchen Pretty

With so many choices, it's hard to choose a perfect "stone" counter top. Before you rush out and buy the prettiest one, you make want to consider resale value. When choosing a new counter-top, base it on your lifestyle, not on price. If your kitchen looks dated, replacing your counter tops and back splashes will make a huge impact and it is less expensive than replacing a whole kitchen.


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  • Quartz counter tops are a hard natural mineral. They are resistant to scratches, stains, heat, easy to clean are becoming the trend in luxury Edmonton houses. Depending on the grade, quartz counter tops are about the same cost as granite.
  • Granite counter tops are one of the most elegant materials that can be used for kitchen work surfaces. When sealed properly, it is stain and heat-resistant so it continues to look beautiful in the years to come. Granite counter tops are a popular choice in our Edmonton homes due to its wear ability and color choices.
  • Corian counter tops are a mixture of binding resins and minerals and come in over a hundred colors. Corian is a flexible material when heat and can appear seamless once installed leaving a smooth, unblemished finish. It takes on a sandblasted stone look.
  • Marble counter-tops are stylish, elegant and drop-dead gorgeous. A counter top made of marble is usually less durable than granite, Corian or quartz and less resistant to stains and scratches. It is also more expensive to get installed. Marble Counter-tops are all about the look.

If you are planning to sell your Edmonton home in the near future, you may want to postpone changing those kitchen counters. Ask your REALTOR for the best advise. Today, buyers also have the option of a renovation loan which can be tied into their mortgage payments.

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Welcome to Heritage Valley Edmonton

Heritage Valley is one of Edmonton's largest and newest districts located in southwest Edmonton established in 2001. There are currently 14 communities including Allard, Blackmud Creek, Callaghan, Cavanagh, Desrochers, Chappelle, Graydon Hill, Hays Ridge, Heritage Valley Town Centre, MacEwan, Paisley, Richford and Rutherford.  Plus the future community of Cashman. Although nearby, Blackburne does not form part of the Heritage Valley. It is bounded by 170th Street NW, 41st Avenue SW, Ellerslie Road.


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The nearby Currents of Windermere and Southgate shopping centres offer a variety of retail, dining, and medical and dental options. The Heritage Valley Town Centre will also provide many new shopping opportunities when construction is complete. Close proximity to the Anthony Henday, as well as the major bounding roadways, provides residents with access to amenities throughout the city.


The international Airport, Jagare Ridge Golf Club and South Edmonton Common are also nearby.

Each community in the Heritage Valley area has plenty of green spaces, and walking trails for homeowners to enjoy. Most of the Streets in the Heritage Valley Area are named after Edmontonians. There is also a new future hospital with plans underway and plans to extend the LRT.


Callaghan, Richford and Rutherford are the most prestigious communities in the Heritage Valley Area, while Allard and Blackmud Creek feature more value per square foot than other Heritage Valley area homes. View homes for sale in the Heritage Valley.

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EXTRA HOME COSTS FOR BUYERS

Are you ready to purchase your new home? Often, buyers find themselves overwhelmed with the cost of purchasing a home and should be aware of these extra home costs to ensure you won't be struggling at the last moment to find more cash to complete your purchase.

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When a home is sold, the buyer incurs various closing costs in addition to the property sale price. Although most of the expenses of the house are paid for by the seller, usually including real estate commissions, the buyers pay a variety of fees such as mortgage origination charges, appraisal fees, title insurance, lawyer, home insurance, homeowner association fees (HOA) and property tax adjustments. Depending on the buyer and the home purchased, there may be additional fees including CHMC Fees, which can be added to your mortgage amount and other costs. agreed upon and not covered by the seller costs.

Don't forget your moving and utility hook-up costs. As a rule of thumb, one to two per cent of the cost of your home will cover all closing costs. Learn more about how to buy a home in Edmonton.

If you would like to know more about purchasing a home, contact one of our Edmonton Real Estate experts today for help and free advise.

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