All Blog Entries by Stuart Neal

Found 32 blog entries published by Stuart Neal.

If your home has been on the market for a while you maybe under some pressure to lower the asking price. Perhaps you have been resisting this measure and its completely normal to feel this way. No one likes giving away their money. Before you accept a lower asking price, make sure you fine tune these areas of your ‘value proposition’ first:

1.  Adjust Your Possession Date

Can you move out quickly? If so, you must offer immediate possession. This is something that often attracts the best quality buyers who are in a hurry to move in. If you are currently offering a ‘traditional’ 30, 60 or even 90 days possession change it now.

2.  Terms

Have you included your appliances and window coverings as part of the package? You should. Buyers covet

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If you have been thinking about purchasing a condominium either as a home or investment, this could be the time to do so. Average selling prices are DOWN by 4% when compared to 2017. Let’s discuss why.

The Edmonton residential real estate market has been flooded this past 18 months with excess inventory and in particular condominiums. If you buy now you will enjoy a ton of choice and you will have exceptional leverage to negotiate a REALLY GOOD DISCOUNT.

What might happen if you wait?

We are already seeing many condos come off the market as owners realise that they are not going to get the price they hoped for. As the excess inventory dries up, you will have less choice and YOU WILL PAY MORE.

If Downtown Edmonton appeals, you can go to

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The journey to find a new home can be exciting. Its also time consuming and nerve racking. A lack of preparation on your part could also result in you either missing that dream home when it comes into the market, or your offer being rejected by the seller. Please review these tips and you will enjoy success.

1.  Find a REALTOR® to help You

With so much information available on the internet it’s tempting to try and go it alone. After all you can scour the market for listings in seconds on the internet and surely, it’s as easy as just calling the listing agent and making an appointment isn’t it? We suggest you think again. There are many compelling reasons to consider getting your own representation. Please read this blog for more details: 6

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In the market we serve ie metro Edmonton Alberta, many people just love Halloween. Perhaps it’s a family tradition? You put up those inflatable spiders, ghouls or Frankenstein like monsters on your front lawn. You festoon your windows with witch shaped stickers and some of your tricks make a loud noise.

It’s fun, isn’t it?

What if we told you that these most of these things could hurt your chances of selling your home?

Our advice?

1.  Avoid obstructing the view of the home, making it scary or associating it with death, (picture those tombstones that some folks install). These things just give the wrong impression.

2.  Avoid placing stickers on windows that block out light. We suggest you avoid these completely.

So, if your heart is

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Summary:

For those ready to downsize this could be the ideal moment. The current home selling market is essentially a story of 2 halves. Single family homes are selling for MORE than homes sold last year. Condominium values are down. What a great time to cash out and buy a discounted condo. Read below for the detail.

Sales Values:


On average, home sellers in Edmonton received about 1% or $5460 MORE than did home sellers in 2017. This growth is almost exclusively coming from the single-family segment. Unfortunately for condo sellers, values are 4% down on this time last year. If you are thinking about buying a condo could this be the time to jump into the market?

Numbers Sold:

Don’t let the graph fool you. In August 2018 a total

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If your money is tight it might be tempting to think about skipping the home inspection. We do not recommend this. Adding the home inspection stage to your home purchase process is a wise step.

1. They Know More Than You Do

You may be a journeyman electrician plumber, or some other trade, but respectfully we doubt you know more about home construction than our inspectors do. The inspectors we work with are hand-picked and they have inspected literally hundreds of homes. Their report will give you a ‘second pair of eyes’.

2. A Home is a Complex Machine

When you fall in love with a particular home its tempting to view it through a ‘rose tinted pair of glasses’. You love it and that’s all that matters right? Your inspector is going to bring

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Summary:

Are we in a buyers’ market or a sellers’ market? In my view we are in a balanced market especially when we look at how many homes sold and the prices they sold for. Read below for the details.

Sales Values:

Don’t let the graph fool you. Sellers gave up only 1% in value when compared to home sellers last year. Homes sold in Edmonton for only $3,700 LESS (approx.) than last year. This is so insignificant potential home sellers should proceed confident that they can sell for a good price.

Numbers Sold:

In August 2018 a total of 1087 homes sold. In August 2017 there was 1149 sold. The difference? 62 units. In my view this is not significant.

Days on Market:

Days on market jumped by 8 days that is homes sold in 62

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Are you thinking about buying a home? Its an exciting and often overwhelming process for many people, especially first-time home buyers or even for seniors who have been in their homes for many years. Perhaps in both cases the impending change is extremely daunting and stressful. Here are some tips you may find helpful and that will hopefully reduce your anxiety.

The internet has made your search easier than ever before. However, the sheer amount of information can be overwhelming. Therefore, we suggest you consider the following factors first:

1.  When Do You Want to Move?

If you don’t expect to purchase your new home for a few months or years yet, be kind to yourself. There’s no point in getting excited about homes that are currently for

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One of the first things you should determine when considering purchasing a home is how much you can afford and who will be willing to lend you the money.

Here in Edmonton you will have literally hundreds of choices of mortgage providers. Be careful about asking too many of them to run credit checks on you however. Every time your record is submitted to the credit bureaus, (a kind of database for lenders to look at how well you pay your bills) it may negatively affect your rating.

Your Existing Bank

Applying to the bank that carries your chequing account and where you pay your bills would be an obvious choice for many potential home buyers. And why not? They know you. They trust you and they want more of your business right? In many cases this

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Many home buyers particularly first-time home buyers are drawn to new homes and its easy to understand why. Nobody but you will have lived in the home and in some cases, you can tell the builder what you would like to have included in the specification. Other people are drawn to ‘pre-owned’ or resale homes. In this blog we examine the pros and cons of each option.

New Homes

Pros: Buying a new home, particularly if you can have some input into the design process, may be the closest you will ever get to owning that perfect home. All the materials that go into your new home will be new and therefore maintenance should be minimal at least for the first 5 to 10 years.

In most cases, the overall design of the home will suit your modern lifestyle

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