Vital Home Realty Blog - April, 2022

4 Renovations to Avoid When Preparing Your Home for Sale

In Edmonton Alberta, most mainstream renovations will provide you with a 50 to 75 percent return on investment if you sell right away. In other words, spend a dollar and get up to 75 cents back. Don’t forget however that the better prepared your home, the bigger your potential audience. Most buyers want move-in ready.

However there are some renovations based on the report published by Harrison & Bowker that should only be completed for your enjoyment. These 4 renovations will add little value when it comes to selling your home.

1. Alarm Systems

Alarms bring a zero to 10 percent of cost return when it comes to resale value according to the report. And I can confirm based experience that most buyers won’t want your alarm equipment, or to take…

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Yue Wang Celebrates His First Year at Ambergate

Yue Wang was a rookie REALTOR® just over one year ago. Our team training and marketing program added more than $100,000 to his first year’s income.

Here are 3 things that Yue told me he most enjoyed about his experience.

“First, I have really appreciated the ‘lead generation program’ that Stuart has created. I have some of my own clients, but the Ambergate program turned what would have been a good year into a great one. *

Second, I have enjoyed the ongoing support available to me when needed. Stuart’s and other team members support helped my practice grow.

And third, I have enjoyed the collaborative spirit of the team environment that Stuart fosters. Every weekly meeting has been an opportunity to share and to create positivity for us…

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4 Ways to Sell Your Home & Not Become Homeless Too

4 Ways to Sell Your Home & Not Become Homeless Too

You want to sell your home, but you are terrified of selling and being able to find another one. Don’t worry. Here are 4 solutions you can use to sell your home now in the hot Spring market and avoid being homeless as a result.

1. Airbnb or Hotel

At any given time, there are literally hundreds of rooms available in hotels around Edmonton and dozens of opportunities on the Air Bnb website available for a few days, a few weeks or a few months. You sell your home, move out and start shopping. Move out when you move in.

2. Sale & Leaseback

Don’t want to move twice if you can help it? Then consider this option. Your REALTOR® will find a buyer that is willing to wait for the home. The…

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COMING SOON – New Listing – Glenridding Heights 16444 15 Ave SW Edmonton T6W 2T2

Good sized family homes in Glenridding can be hard to find in this spring 2022 market. We are pleased to confirm we have just listed this one for sale on 15 Ave. Click the link to read the details. Exclusive Home Listed by Vital Home Realty. 

To see ALL homes listed for sale in Glenridding Heights click this link: ALL Homes listed.

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Jeanette & Bob Miles

Google ***** 5 Star Review

We tried to sell our home privately. Stuart called, he wasn’t pushy, but gave us some tips to help. With all our efforts the home didn’t sell. Stuart, would send alerts for any home in our area that went on the market. When we decided sell we gave the listing to Ambergate. They listened to us and took our suggestions. The home sold the first week on the market. Even throughout negotiations we felt comfortable with their recommendations. Thanks Stuart and the Ambergate team! 

You can read more about our Team Lead by clicking this link - Stuart Neal, Broker, REALTOR® & Team Lead.

Our FIXED FEE home selling program gives clients proven results & affordability. To learn more call our Broker Owner & Team Lead Stuart Neal…

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3 Ways to Prepare Your Home for Sale in 2022

If you want to sell your home, it’s important to make the necessary preparations.

1. Tidy up, pre-pack & throw stuff away

If you have lived in your home for any amount of time, chances are that you have accumulated far too much stuff. Those souvenirs that we buy on vacation. Christmas and birthday gifts from years gone by. Extra furniture now redundant. Unused books, tools, towels, clothes and sports equipment. You get the picture?

This is what I suggest. In every room, start at the lowest horizontal surface and work your way up. Not only will you feel better as the clutter reduces, you will also get a sense that your home is now much bigger. Do you have family pictures and reminder notes on the fridge. Please take those down too.

Now what…

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March Condo Market Report for Edmonton

The March condo market continued to surprise. The market easily outperformed last year by every measure. Sales volume is up by 67% and values by 10% on average.

Sales Prices

In March 2022, average sales prices were $241,798 compared to $220,492 in March 2021. This is an increase of 10% when compared to March 2021. The blended average for the first quarter is 6%.

Sales Volume

In March 2021 there were 432 total Edmonton sales registered. In March 2022, 721 sales were registered. This is an impressive increase of 67% over the year before. 

Days on Market

Buyers selected condos in March 2022 after an average of 51 days, compared to 52 days in March 2021. 

Outlook

At the end of March 2022, condo inventory was at 1877…

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March Single Family Market Report for Edmonton

The March market performed amazingly well compared to the same time last year in terms of sales prices and sales volume.

Sales Prices

In March 2022, average sales prices were $487,753 compared to $451,531 in March 2021. This is an increase of 8% when compared to March 2021. The ‘blended’ increase for the first quarter is 7%. 

Sales Volume

In March 2021 there were 1289 total Edmonton sales registered. In March 2022, there was 1620 sales registered. This is an amazing increase of 26% over the year before.

Days on Market

Buyers continued to quickly select homes in March 2022 and the average time to sell was only 27 days, compared to 36 days in March 2021. 

Outlook

At the end of March 2022, single family inventory was…

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3 Reasons to FOCUS on Move Up Buyers in a HOT Market

You have probably been bombarded with advice to go after listings in this super-hot market and its good advice. In fact, I have a workshop coming up on April 16th packed with ideas as to how you can win them based on my 20 plus years of experience.

But, for some, working with move up buyers might be a better fit. For most REALTORS® working with buyers is a joy. Working with sellers less so.

Here are 3 reasons why move up buyers could be a better choice:

1.     You might get 2 transactions from one client. You find a home and sell a home.
2.     You will always need buyers in any market and the record-breaking numbers of deals in the single family and condo segments of our market confirm the business is there.
3.     Buyers are more likely to…

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