Grandin Village is a condo complex in St Albert. Its very popular for home buyers as it provides a chance to live in a nice part of St Albert, but the units themselves are value priced. At the time of writing there is currently several units for sale priced at $200,000 or below. To see the details for our unit please click on this link.
This is our latest home offering in Walker a popular, newer community on the southside of Edmonton. On the outside the home might look small. Walk in and its little like the Tardis from Dr. Who. It feels so much bigger than the outside would suggest. The owners spent a little bit extra on things that give the home a semi luxury feel including hardwood, stainless appliances and higher end tile work. For all of the details please click here.
At Ambergate Realty Advisors we help many Edmonton area home buyers each year search for and move into wonderful homes, both single family and condos.
Are you serious about buying a home? Do it in the week, do it during the day. Be first.
One thing that we constantly face is home buyer complacency. Many of the clients we work with initially want to see homes when they are not at work. This normally means evenings and weekends. This approach has several downsides for you and we suggest you start thinking a little differently.
Here are 4 reasons why you should shop for homes during the day, in the week:
1. You See the Home More Realistically
Want to shop for home in the evening? Depending upon the time of the year this could be big
1. The service is readily available so why not use it?
Here in the metro Edmonton market its quite normal for home buyers to start a relationship with a REALTOR® to help them sleuth out ALL homes for sale. The good REALTORS® will also help you to identify homes that are not even on the open market. We do this all the time.
2. The listing REALTOR® is not working for you
It might seem smart to contact the listing REALTOR® and ask her to show you the home that she has listed for sale. You can ask direct questions and get the inside track on the home. Be aware however that the listing REALTOR® will also use this opportunity to get the inside track on you. If you tell her that you really love the home, that you
Thinking of selling your home? Getting a paid for appraisal might be a great place to start determining your property value, providing you are aware of the limitations.
Pitfalls of Appraisals
An appraisal is an entirely theoretical exercise which is based on the application of a number of traditional approaches to establishing and calculating a home's value. The best an appraiser can do is to establish a “notional” value based on these principles.
Appraisers are most often called to apply these theories for the purposes of establishing: finance value, insurance value, tax value, value for estate planning and when a divorce is happening, a notional market value to allow one party to buy the other out.
We find that many consumers use Realtor.ca in the mistaken belief that they are looking at the actual MLS® System used by Realtors®. They are NOT. Realtor.ca (formerly MLS.ca) is nothing more than a data feed provided by the Canadian Real Estate Association (CREA) in Ottawa, taken from all of the different Realtors® Associations across the country and presented to the general public as a kind of ‘shop window’. Only Realtors® can access the actual MLS® System. There is some distinct disadvantages in relying solely on www.Realtor.ca when you search for a home.
1. Not Easy To Search in Detail
Because the website has to present information from a large number of actual MLS® Systems (all of which collate data differently) the ability
Motivated home buyers should act by October 17th or face the unenviable position of having to settle for a less desirable home. The government has introduced some changes to the mortgage qualification rules and October 17th is the deadline.
The new rules require that all insured mortgages undergo a ‘stress test’. The test will ensure that you can qualify for a mortgage at the Bank of Canada posted rate of 4.64% (even though you will be able to shop for market rates).
What does this really mean? You may not be able to borrow enough money to buy the home you want.
Here is an example (as provided via AREA & by a mortgage professional)
Summary: August proved that our Edmonton market is robust. Values were markedly up in July and stayed high throughout August. Days on market is flat, suggesting a balanced market for buyers and sellers. Almost the same numbers of homes were sold in August compared to last year, pointing to ongoing and strong demand.
Sales in Edmonton dropped slightly in August, but only by a modest $1197 dollars over the same time last year.
Days on Market
Homes were selling in the same amount of time as last year i.e. only 54 days.
Only 7 fewer Edmonton homes sold in August 2016 compared to August last year.
If you are buyer looking for a home we urge you not to wait too long. Values are increasing
At this brokerage we find that there is a plenty of confusion by our home selling clients and our buyers as to how they secure financing and make sure that this piece is handled properly during both the negotiation phase and the due diligence phase of buying (or selling) a new home.
There are essentially 2 steps.
Step 1 – Initial Approval
Must be completed BEFORE you start looking at homes. Most good quality Realtors® will not spend much time showing you homes until this part of the process is complete.
As a buyer, you need to find out how much a lender will actually advance you and you need to be comfortable with the payments.
To get this information, your mortgage broker will need to determine if you can borrow money and this decision