Real Estate Blog

Top 10

Hi Readers,

I hope everyone is enjoying the last few weeks of summer! With fall fast approaching, it’s an excellent time for change.  I recently read an article in Avenue Magazine about our city’s top 10 neighbourhoods and thought I’d share them with you.

 1) In first place the lovely neighbourhood of Strathcona, a prime example of an urban area with tons of amenities. Over 25% of homes in this area are single and detached, while the rest consist of apartments- either high-rises or walkups.

2) In Second place is the peaceful neighbourhood of Glenora. This area is said to be the most established area in the city and is known to turn heads with tons of dream homes, huge lots and historic homes.

3) Oliver is in third place and with the…

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Attention first time buyers

Good Afternoon Readers,

Today I will be discussing first time buyer mistakes to help you avoid making the same ones….

1) Stop thinking you won’t qualify for a mortgage: Why get less than your dream home?The right Real Estate Agent and Mortgage specialist can help you reach your goals in getting your dream home!

2) Not knowing all your down payment choices. 

3) Stop focusing too much on interest rate, rather than a solution! Do you know that with variable rate mortgage, your payments remain the same, regardless of fluctuating interest rates.

4) Stop being unrealistic about your dream home. Of course I said don’t settle for a home you are not happy with, but at the same time don’t buy a home you simply cannot afford!!

5) Don’t forget…

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Real Estate Language

Good Morning Readers,

Excited to say that I will be finishing up the Real Estate Alphabet today! Here are letters R-T

 Revolving Debt:  A credit arrangement, such as a credit card, that allows a customer to borrow against a preapproved line of credit when purchasing goods and services. The borrower is billed for the amount that is actually borrowed plus any interest due.

Second Mortgage: A mortgage that has a lien position subordinate to the first mortgage. 

Second Loan: A loan that is backed by collateral.

 Subdivision: A housing development that is created by dividing a tract of land into individual lots for sale or lease.

 Title Insurance: Insurance that protects the lender (lender's policy) or the buyer (owner's policy) against…

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Walkout Bi level E3421503 ( 1121 Klarvatten Co )

Wow property! Beautiful, elegant home with gorgeous view on the Lake. Total of 3 bedrooms,3 full bathrooms, it is loaded with lots of extras such as air conditioning, over sized heated garage, high end appliances, in-floor heating, custom built gas fireplace, vaulted ceilings. Master bedroom has walk-in closet, 5 piece ensuite complete with Jacuzzi tub and full steam shower. Downstairs offers bedroom, full bathroom, amazing entertainment/games room, an access to the covered stone patio. This executive property is beautifully landscaped with custom stone fountain and fire pit, exposed aggregate driveway, large balcony overlooking the lake. Beautiful home with a beautiful view of the lake, it will make you feel like you are on vacation. Please, call for…

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M-R Real estate Alphabet

Good Morning Readers!

Hope everyone had a wonderful weekend and got to spend some time with family and friends. Today I will be covering letters M-R of the real estate alphabet

Mortgage : Legal document that promises a property to the lender as security for payment of a debt. 

Mortgage broker: A mortgage broker acts as an intermediary who brokers mortgage loans on behalf of individuals. 

Original principal balance : Total amount of principal owed on a mortgage before any payments are made.

Owner financing: Property purchase transaction in which the property seller provides all or part of the financing.

Partial payment: Payment that is not sufficient to cover the scheduled monthly payment on a mortgage loan. In most cases, a lender will…

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ABC's E-L**

Good Afternoon Readers,

Hope everyone is enjoying the beautiful weather! As promised today I will be going through letters E-L

Equity: Homeowners financial interest in a property. It's the difference between the fair market value of the property and amount that is still owed on mortgage.

Estate: Ownership interest of an individual in real property. The sum total of all real property and personal property owed by the individual at time of death.

Exclusive listing : A written contract that gives a licensed real estate agent the exclusive right to sell a property for a specified time.

Fair Market Value: The highest price tat the buyer is willing but not yet convinced to buy and the lowest price the seller is willing to accept.

…

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ABC's of RealEstate

Hi Readers!

 Sorry that I’ve been MIA for a few months now but I am back and ready to share informal and insightful information about our beautiful city’s real estate market. With summer amongst us now is the perfect time to find your dream home, many times I find that clients get confused by Real Estate terms so I’m here to help you with the ABC’s of the Real Estate language… Today I will do A- D!

 Appraised value: An opinion of a property's fair market value, based on an appraiser's knowledge, experience, and analysis of the property.

 Assessment: The placing of a value on property for the purpose of taxation.

 Adjustable rate mortgage: A mortgage in which the interest changes periodically, according to corresponding fluctuations in an…

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Backing on the Ravine!

Please, check my new listing E3407932/ 7805 112South Ave, what an amazing location! Summer time is so beautiful you would like to spend all day looking on the Ravine, walking, running, going down the steps(123). This home has been totally renovated in 2010, $300000 was spent and a list is long,  The front veranda was added, sun room wow you have to check it out, upstairs bathroom, deck was added to the master bedroom, rear deck and the list goes on. everything top quality, this home is a must to see!

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Better then a show home!

Please, Check my listing in North Central, E3401935/8848 180 Ave. This home is better then new, it features 3 bedrooms, master bedroom with ensuite, walk-in closet, upstairs laundry, hardwood floors, large island perfect for entertainment, stainless steel appliances, large nook/dinette area, fully finished basement with family room, wet bar and lots of storage. Outside low maintenance backyard, large low deck with extra lighting. Backyard is fully fenced, double detached garage. Asking price $411000. This home is located close to 2 schools, walking trails, parks, and man made lake. If you choose to buy this home you will be 20 minutes from Downtown, 5 minutes to Anthony Hendey and 10 minutes to CFB, Edmonton Military Base/ Garrison.

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Moving Tips

We all know with moving comes stress- we can't deny that. Packing, wrapping, last minute everything, forgetfulness- it's all part of the process. Why can't we skip the in between and just unwind in our new home? It's not that easy... but I've come up with a few helpful tips and tricks to make moving day less stressful.    1 Have a suitcase packed with clothes and important items you will need on the first day in your new home. ( You don't want to be looking for your toothbrush or towel on the first night in your new home)   2.  Make a list from order of importance- don't sweat the small stuff   3. Use your luggage and laundry bins as storage instead of boxes; not only will this save you space it will also reduce your carbon…

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