Tagged : For Home Buyers

Found 41 blog entries tagged as "For Home Buyers".

Covid 19 has impacted our market in many ways. Since March when the COVID 19 pandemic entered our lives, we have seen many potential home buyers commit what is perhaps the most fundamental mistake.

They make low ball offers. The media has been buzzing about the economy here in Edmonton and it must have convinced some home buyers that they have much more leverage to negotiate than they actually do. Fact is, home values here in Edmonton are climbing. Sales values dropped markedly in March and April. Since that time, home prices have risen steadily and are now selling for 2% MORE than this time last year.

Here are 3 potential outcomes you risk creating when you low ball:

1.  It destroys seller goodwill

Getting the seller to like your offer is

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Congratulations!

You have decided to buy a home. It’s exciting isn’t it? You are now scouring several websites for listings. You have a good idea of what you want to buy, where you want to live & how much you want to spend

All you need now is to go out & look at some homes. Right? How about wrong?

Sometimes you have to slow down to go fast!

We have helped many home buyers through their journey & in the first instance we suggest you engage a REALTOR® / Advisor to help you complete a strategy session.

What does this mean?

It means taking a step back. It means acknowledging what you already think you want, but it also means exploring other home options and most importantly sources of homes.

Our 10 Step Home Buying Process includes a

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Homeowners Associations (HOA) which are usually set up by the land developer before they are hand off to a board of community homeowners have become a key feature in many upper end neighbourhoods around metro Edmonton. We have found that many of our clients still don’t understand what they are for. Let’s explore the pros and cons:

Pros

  1.     Your neighbourhood will always look great. HOA’s impose architectural and maintenance standards on everyone. That means that there are rules in place that prevent your neighbor from painting their home an outlandish colour or failing to keep up with maintenance. With respect to general community maintenance the grass in common areas and the entrance will always be nicely kept. In Edmonton, the general care
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6 Reasons to Pay Condo Fees

Many clients we work with ask us not to show them condos. Once we drill down as to why they feel this way, it is often because they don’t understand the value of paying into a condo reserve fund. In many cases, we find that once they understand what they are actually buying, selecting a condo for a home actually becomes their preference.

1. No Need to Worry About External Maintenance, Snow Clearing & Yard Work

Apart from putting some money into a slush fund for longer term maintenance, or unforeseen circumstances, condo fees pay for essential homeowner services including insurance, snow clearing, gardening and in many cases onsite management.

2. No Need to Save Extra

If you are not paying condo fees, you had

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During the Covid 19 health crisis, its especially important that you watch for the latest trends, as our market reacts to the crisis. Every other week we publish a market report for Edmonton Alberta.

Here is our report for the last 14 days. Week ending July 17th, 2020.

Year

# Homes Sold

Days on Market

Average Price Paid

2018

612

54

$379,057

2019

675

59

$363,023

2020

620

53

$369,638

 

For more details and specific information about the communities that interest you, please call the office at 780-760-2014 or email us Team@AmbergateRealtyAdvisors.ca

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Many of you will be wondering how the Covid 19 health crisis has affected our market and we are pleased to publish the following results.

There is always a market in the larger centres like Edmonton and despite a one off incident like Covid 19, over 4,800 home buyers decided to take the plunge and purchase a home equal to an adjustment of about 18%.

Buyers have been able to negotiate with many worried home sellers and on average home buyers were able to secure a discount of about 5% compared to last year. To many people this will come as a surprise. Many people we talk believe that values have dropped by much more.

It’s taking about a week longer to sell than last year. Not that significant.

At the end of June, there were 5829 homes and

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During the Covid 19 health crisis its especially important that you watch for the latest trends as our market reacts to the crisis. Each week we will publish a market report for each of the main metro Edmonton markets.

Here is our report for the last 7 days. Week ending July 3rd 2020.

Community

# Homes Sold

Days on Market

Average Price Paid

Edmonton

282

63

$358,677

St Albert

29

35

$450,062

Sherwood Park

25

53

$410,176

 

For more details and specific information about the communities that interest you, please call the office at 780-760-2014 or email us

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During the Covid 19 health crisis its especially important that you watch for the latest trends as our market reacts to the crisis. Each week we will publish a market report for each of the main metro Edmonton markets for your review.

Here is our report for the last 7 days. Week ending June 26th, 2020.

Community

# Homes Sold

Days on Market

Average Price Paid

Edmonton

257

53

$348,242

St Albert

34

43

$468,435

Sherwood Park

33

40

$400,097

 

For more details and specific information about the communities that interest you, please call the office at 780-760-2014 or email us

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During the Covid 19 health crisis its especially important that you watch for the latest trends as our market reacts to the crisis. Each week we will publish a market report for each of the main metro Edmonton markets for your review.

Here is our report for the last 7 days. Week ending June 19th, 2020.

Community

# Homes Sold

Days on Market

Average Price Paid

Edmonton

303

56

$388,444

St Albert

40

41

$449,736

Sherwood Park

27

45

$388,055

 

For more details and specific information about the communities that interest you, please call the office at 780-760-2014 or email us

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During the Covid 19 health crisis its especially important that you watch for the latest trends as our market reacts to the crisis. Each week we will publish a market report for each of the main metro Edmonton markets for your review.

Here is our report for the last 7 days. Week ending June 12th, 2020.

Community

# Homes Sold

Days on Market

Average Price Paid

Edmonton

230

56

$328,750

St Albert

25

40

$381,920

Sherwood Park

27

37

$383,500

 

For more details and specific information about the communities that interest you, please call the office at 780-760-2014 or email us

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