As always, here at Team Leading Edge we try to provide you with the latest information on the real estate market and the mortgage and financial sector that provides capital to buyers. Changes are coming effective January 1st that may mean that you need to act QUICKLY to purchase a home BEFORE January 1, 2018. Here is a LINK to the information directly from OFSI.
Effective January 1, 2018 uninsured mortgages will "stress tested" at benchmark rate or contract rate +2%. This will reduce the purchasing power by roughly 20%.
For our clients who are putting more than 20% down and currently pre-approved, please talk to us about buying before the new year or get re-qualified again.
As always if you have any questions about how…
When buying an Edmonton property, every buyer wants to save as much money as possible. But with today’s market, great deals are hard to come by.
So while you are looking for an Edmonton house better turn your house-hunting instincts on and look for these methods that can help you save a whole lot of cash and turn your home-buying dreams into reality.
Grab It First or Last
It takes years before a construction on a new housing development is complete. Some of the drawbacks when a buyer moves in first are to go through construction noise, sparse lawns, piles of dirt and few neighbors. Because of these drawbacks, builders may form better offers to early Edmonton homebuyers. If you are not eager for these drawbacks then check back in when
With the wonders of the Internet, it’s possible now to know any information with just about anything. From history, science, clothes, foods or whatever you can think of. With this kind of tool, searching for important info about a neighborhood can be done in just a few clicks.
So before you buy that Edmonton house that you want to live in, here’s how to equip yourself with knowledge about the best places to live.
The first thing home buyers want to know is how much does an Edmonton house cost in a particular neighborhood. Comparing prices of each Edmonton house will give an idea of how much an average Edmonton house is in that specific area.
Taxes will follow you wherever you go so you’ll want to know how much
The key in quickly selling your Edmonton home and getting your asking price is accomplishing a successful staging. From cleaning to styling, there are many different approaches you can try.
Here are some staging tips you can try to make your Edmonton house sell faster.
Curb Appeal Boost
You might have heard this for quite some time and with good reason. Make sure your Edmonton home is ready to welcome onlookers because potential Edmonton buyers thinking to look at your Edmonton home will do a quick drive-by first, and often decide if it’s worth their time to look inside.
Do luring tactics like power wash siding and walkways, wash front windows, plant fresh greenery and flowers, repaint the porch floor if needed, etc. You may
We welcome the month of August with the Edmonton Mortgage Rates remaining untouched, take this opportunity to finally buy that Edmonton house you always dreamed of! Let our partner Chita Metcalfe of Edmonton Mortgage Source help you finance that purchase.
Come and follow the team on Twitter at @teamleadingedge. Make sure to subscribe to Team Leading Edge to get newsletters on the Edmonton Real Estate market.
Note: Remember, you can access all our available Homes For Sale in Edmonton through our Edmonton MLS Listings page.
Finally the seller accepted your offer! You’re just steps away from having your own Edmonton home. But before you plan any Edmonton house warming parties for your future Edmonton house be sure to watch out for hidden traps in the final stages of the buying process.
Here are some deal breakers to avoid.
Don’t make an offer that you can’t deliver. Know the highest monthly housing cost you can afford, that accounts for the mortgage, taxes, fees and insurance.
Before closing the deal, the lender will examine your credit report. If they find out that you’ve run out of charges because of excessive spending then it can affect your mortgage fee and rate.
For the first time Edmonton home buyers buying an Edmonton house is a life changing experience.
May it be buying your dream home or for just a temporary living space it’s better to know the tell-tale signs if the house you're going to buy has a few troubling secrets.
So here are some of the things to lookout for when buying a home.
Foundation or Structural Problems.
Hard to close doors, misshapen door frames and cracks in the foundation are just some of the signs that there is something wrong. The best way to determined whether there is damage to your prospected house is to hire an expert to conduct a thoroughly analysis to see the structural integrity of the house.