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The Cam Family
I would like to recommend Audrey and Mike to any prospective buyers and sellers. As a team, they were always on hand to guide us through the sale of our home. We had a short time line, before our big move to Germany and therefore, we were extremely motivated as the house had to sell before we left the country. They insured that we were always kept informed on the progress of our sell, even during our...
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The Edmonton Real Estate Blog, Market Information, Advise & Opinion

 

Preparing Your Home for Winter Showings

There is no doubt about it! Even if the weather is relatively pleasant, your Edmonton home won’t show as well in the winter as it would in the summer, especially from the outside. Fortunately, there are many ways to make your home look more attractive and appealing to buyers during the winter season.


First, before showing your home to a potential buyer,Clearing snow for all walkways on your Edmonton home to prepare for winter showings clear your front walkway including walkway to the garage if applicable. Make sure fence doors and gates open freely. Also, clear snow off the backyard deck or patio area. You want buyers to be able to explore around your property without any obstructions. In short, do everything you can to make the experience of walking up to your front door and around your property as pleasant as possible.


Second, clear away any boots, shoes and other outerwear from the front foyer as you walk in. You want buyers to focus on your beautiful home, not a cluttered entranceway. Also, have mats on both the outside and inside of your main entranceway. This will give buyers – as well as you and your family – a chance to wipe their boots and shoes.


Adjust your thermostat to be comfortable for your winter showingsThird, adjust your thermostat. You want your home to feel warm, cozy and comfortable for potential buyers.If you have a gas fireplace, turn it on for that cozy feeling


Finally, remember in the winter, homes show much better during the day. In the evening, it may be too dark to fully  appreciate your property especially yard. Work with your REALTOR® to schedule viewings during the day whenever possible. If you can, have pictures of your property available that showcase what it looks like in the spring/summer. A flower garden in bloom or that fully grown in hedge really gives the buyers a better idea of how your home looks in non-winter months. That takes planning. So if you're even just casually thinking of the possibility of selling your home, take some good "spring/summer" pictures.


Want more advice on how to sell your home in the winter? You can call me direct 780-242-5229 or thru my contact page. Thanks for reaching out!.

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Thinking of Moving? Two Things You Need to Know

If you're thinking of making a move within the next 3-6 months, there are two important things you need to know.


The first is the market value of your current property. Thinking of moving? Here is your Edmonton moving vanThat's the amount your home will likely sell for on today's Edmonton market. When you know its market value, you'll have a better idea of how much money will be available to invest in a new home.


The second is an overview of what's available on the market. Which of the homes currently available for sale meet your criteria with respect to type of home, special features (such as a big kitchen or garage), neighborhood, etc? How much are these homes selling for?


With those two pieces of information, you'll be able to make a better decision.
I can get that information for you. Let me help by first calling me direct 780-242-5229 or thru my contact page. We can set up a time to mutually go thru the details including different scenarios. I look forward to your call.

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Top 5 Mistakes Buyers Make

So you're ready to meet the challenge of buying a new home? With common-sense planning, you can avoid these five common buyer mistakes and steer yourself towards success:

Good choice,bad choice when buying your Edmonton home1. Impulse buying. To skip this mistake, do some serious research on what are your specific needs. Example is, how are the local schools? Are there parks or gym facilities that fit your needs? How is the traffic to shopping centres, work, friends & family? Is shopping close by? In other words, compare areas in terms of what is important to you personally. You might find your "dream house" only to discover that resales are slow, schools are terrible, traffic is a nightmare or that aircraft fly right over the front yard. Bottom line – make your new home earn its stripes. Before you commit to a long term home relationship, make certain you are both compatible.

2. Not setting any budget limits. Don't make the classic mistake of buying more than you can afford. Your first responsibility is to pay your mortgage, taxes and insurance. If you're set on upgrades or remodeling, can you fit them into your budget? What about furnishings? Can you afford the extra furniture for those extra bedrooms or for that huge new living/family room? And what about utilities? Those cathedral ceilings are breathtaking, but have you considered the additional heating costs?

Edmonton mortgage pre-approval3. Not getting pre-approved for a mortgage. Speaking of monthly payments, most experts  (including myself) consider it absolutely crucial for buyers to seek pre-approval from a lender before even looking to purchase. While pre-approval doesn't mean you are approved for a loan, at the very least it establishes precisely what you can afford. Once you have that info, you can avoid the heartbreak of finding the perfect home only to discover that it's beyond your financial reach. In addition, pre-approval substantially improves your status as a buyer in the eyes of a seller... BIG TIME.

4. Not working with professionals. So, you've found a lender. Now you need to complete your professional support team. Too many buyers believe they can do this on their own and they disregard professional input. Avoid a nightmare later by assembling a group of professionals who will suit your needs, represent you, and whose expertise you respect. Begin your search with a buyer's agent (preferably an ABR®) . Resist the urge to call the REALTORS® number on the For Sale sign. The seller's agent works for the seller. You need a REALTOR® who will work on your behalf and negotiate with your best interests in mind. Will you need a lawyer? It's a great idea to find an excellent lawyer as your search begins, rather than in the midst of it. To say that Real Estate documents are confusing is an understatement. A lawyer specializing in Real Estate is best suited to protect you from unexpected terms or surprises when it's time to sign on the dotted line. I have a list of recommended lawyers you may want to choose from. And what about a home inspector? Which brings us to the next mistake…
Don't cut corners, use a licenced Edmonton home inspector
5. Cutting corners on the home inspection. Some lenders may require a home inspection before they will approve a mortgage. Buyers are wise to pay for thorough inspections to include structural components, electrical, piping, roof integrity, sewage or leaks, etc. A minor investment with a home inspector is a small price to pay in exchange for enormous deficiencies later. I have a list of recommended licenced home inspectors you may want to choose from.

Ultimately, with smart planning and a realistic approach to home buying, you really can enjoy the dream of owning your perfect home. Please browse thru my buyers pages as I have plenty of preliminary info for you. When you are ready to look for your home or have general home ownership questions, please call me direct 780-242-5229 or thru my contact page.

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How Much Does "Potential" Cost?

When shopping for a new home in the Edmonton area, it's a good idea to try and see the potential of the property you're viewing. It may not be exactly what you're looking for "as is", but it may have the potential to become your dream What is the potential cost to fix an Edmonton roof?home after some redecorating or renovating. The challenge is, judging how much work is required. You don't want to buy a home with the expectation that it requires a $20,000 renovation, only to discover that it really needed three times that much. OUCH!
That’s where myself, can help. I will help you get a realistic estimate of the cost of repairs, upgrades, renovations and even recommend some reputable interior designers and/or contractors. That way, when you see a home with "potential", you'll be able to make a more informed decision.


Want more tips on finding and buying your next dream home? Please call me direct at 780-242-5229 or message me thru my contact page.

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10 Benefits of Selling Your Home During Christmas Holidays

Selling your Edmonton home during ChristmasIt's the most wonderful time of the year… to sell a house? There’s always that question whether or not you should keep your house on the market for Christmas holidays. You figure potential home buyers will be preoccupied with buying gifts, planning parties, cooking meals and visiting relatives; the last thing on their mind is searching for and buying a new home, right? For this very reason, many sellers choose to temporarily remove their home from the market, then wait until the new year to relist.

Before you hold off on listing your Edmonton home until the new year, consider these 10 benefits of selling your home during the Christmas holidays with Mike, such as:

  • 1. Many home sellers either hold off from selling or take a break from selling during the holidays. Inevitably, the number of listings on the market drop down, which means less competition for your home. With less competition, you could potentially sell your home faster & for more money (cha-ching!). Once the market comes back up in the spring time, a lot of sellers will list their homes all at once for lower prices, which may drive the whole market down. You become lost in the shuffle.
  • 2. Home buyers are generally the most motivated during the holiday season, greatly aiding sellers. Although there will be less buyers looking at homes this time of year, the buyers who do look are more serious about closing. While the traffic is down, the buyers who are out there — when it’s snowing and dark at 4:45 p.m. — they’re not just poking around for the fun of it as they’re wanting to buy a house.
  • 3. Looking back on statistics, interest rates tendEdmonton candy house for sale to drop the most at the end of the year (right now, they are super stable). If we look historically at interest rates, cyclically we’ve seen drops every December through January. While rates are now at all-time lows, they have to come up sometime but it won’t be during the holidays.
  • 4. Many people purposely choose to purchase a home before the new year to receive tax write offs. Buyers who close before the end of the year could be eligible for tax credits, such as deductions for home mortgage interest, real estate taxes, lawyer's fees & first time home buyers benefits.
  • 5. Large companies normally transfer employees in January. Those relocating usually need to buy a house right away and simply cannot wait. These are very motivated buyers!
  • 6. In the winter months, homes typically show better. The decorations, smell of cookies baking, and a roaring fireplace all give your home a “warm and cozy” feeling. Just make sure you don’t cover up your homes best features with too much holiday decor. Stick to tasteful and simple decorations and learn proper staging techniques for the holidays.
  • 7. Many companies give their employees time off work for the holiday season, which means potential buyers have more time for showings.
  • 8. While all the malls and retail stores may be packed, lenders and lawyers aren’t as busy and can process mortgages faster. November and December are historically slower months in the mortgage business, so things get done faster.
  • 9. Most become so consumed in buying gifts for their friends and family, they completely overlook the holiday sales and Frosty must sell his Edmonton house by springspecials on home appliances & hardware. Remodeling, decorating, appliance install and other home services become more available and at cost less.
  • 10. Late spring and summer are usually thought of as best times to put a home on the market because buyer demand builds steadily through spring. If you sell in the winter,  you’ll have your pick of tons of houses for sale in the spring time.

Just because it’s cold outside doesn’t mean the whole housing market comes to a freeze during the holidays! Buyers.. start a new year in a new home!

If you are thinking about selling your home during the Christmas holidays, please call Mike 780-242-5229 or thru his contact page. Ask & he will even bring over the eggnog!

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