Serge Bourgoin: Hey everyone, it's Serge here again from FindMyHouse.ca eXp Realty with another edition of what you need to know about real estate. Today, I'm with Carl Bosecke, a long time friend of mine and real estate lawyer. We're going to talk about title insurance versus maybe a real property report and compliance. So what can you tell us about that?
Charles Bosecke: So, this is probably one of the most problematic areas in real estate purchase transactions. Real property reports, just as a background, is a survey of the property, which shows all of the structures and improvements on the property. And it indicates all of the dimensions of the size of the structure and the location of the buildings and the structure of the property.
The Bank of Canada has remained – somewhat defiantly – on the sidelines yet again, but it is feeling the pressure to get back into the game and one obstacle has now been removed.
The bank held its benchmark rate at 1.75% for an eighth straight setting. At the same time it has clearly signalled it may not be able to hold that line much longer. In its quarterly Monetary Policy Report (MPR) the bank pointed directly at trade conflicts (such as the U.S. – China tariff war) as the key cause of a global economic slowdown. Growth has fallen to its lowest level since the financial collapse in 2007. Around the world more than 35 other central banks have already cut rates in an effort to keep growth from stopping altogether.
Hi Everyone! It’s Serge here, with eXp Realty, and FindMyHouse.ca. Today I wanted to briefly talk about Buyer Representation Agreements. What They are and how you benefit from this Agreement.
Once you have made the decision to buy a house you will need to Work with a Realtor. Law in Alberta require him or her to Explain Buyer Representation Agreements with you.
These written agreements are designed to protect you and to ensure your best interests are realized. They describe the relationship between yourself and your Realtor, holding the Realtor accountable for their Duties, Responsibilities, and the services that they provide to you. Most importantly, they are legally enforceable making sure you are legally Protected.
An open house is a regular event where people who are looking for an Edmonton home or simply just curious individuals who want to know what the gathering is all about. For the more experience, Edmonton homebuyers open houses is a religious experience where the opportunity shouldn’t be missed.
Read on to know what the proper courtesy to do and other information, which can help you when you stop at the next Edmonton open house.
Every Edmonton real estate agent has his or her own approach with open houses. They may greet you with open arms at the doorway, they may be in the next room entertaining other visitors, either way you are welcomed.
It is customary to be asked to sign the guest registry when you arrive. Typically
For most people the thought of packing for a move to a new home in Edmonton is stressful. It takes time, requires a lot of elbow grease, and a touch of delicateness so that nothing will be broken once you unload the boxes.
To help you here are 6 packing hacks you can use when the time comes for you to move.
It is important to label each and every box with essential details to exactly know what’s inside. Labelling boxes where they should be placed like “kitchen” and “bedroom” is great but it isn’t enough. With the extra detailed labelling, it can save you time for guessing what’s inside and know which to unpack.
Knowing how to balance weight distribution is critical especially if you’re going
With the Edmonton real estate market being a buyer’s market, now is a great time to buy a home in Edmonton. But with all the searching, and other stuff going on we sometimes get derailed from the proper path of obtaining a home in Edmonton.
When thinking of buying a home in Edmonton, don’t think only of the present but also of the future - when the time comes for you to sell the Edmonton home. What problems will you encounter? You may be buying the least favourable home in the neighbourhood, but it can become the best thing you have ever bought.
Don’t Get Carried Away
When you do renovations for a properties in Edmonton always remember what’s balanced, from excessive. Any Edmonton home can become the best Edmonton home in your
It’s understandable to be at a loss when looking for an Edmonton home especially if it’s your first time with the market. The Edmonton real estate market can sometimes overwhelm even the most experienced people that’s why even before you search for an Edmonton property you should be prepared and look at the choices you have. By knowing what you need can make the Edmonton buying process proceed quickly.
How Much Can You Afford?
One of the first things you have to know before searching for an Edmonton property is your budget. Knowing your budget can make you realistically look at Edmonton properties that you can truly afford. This can narrow down your search and you won’t need to contemplate on those Edmonton houses which are over your
You've at last discovered an Edmonton house that checks all the criteria in your list, so like any other Edmonton home buyer you make an offer, sign all necessary signatures, and plan to move in. But hold up having a keen eye when looking at Edmonton properties is a must.
That Edmonton dream home can end up being a genuine bad dream if the seller neglected to uncover any problems with the Edmonton property. Know that there are trust-worthy Edmonton home sellers where you can buy an honest, problem free Edmonton home.
To help you here are some things to be careful of when looking for your Edmonton dream home.
From roofs, ceilings, kitchen sinks, faucets – one of the most common problems of any property are leaks. Be that as it
It is known that most people that want to own an Edmonton property needs to be assisted by a mortgage loan. In the whole Edmonton home purchasing process, it's one of the most overwhelming advances to take. Where to look for? What loan to take? What are the conditions?
Read on to know on how to get an Edmonton home loan that’s right for you.
Bank or Broker
A greater part of Edmonton home buyers gets their Edmonton home loan specifically from banks. But banks are not the only option you have. You can also look at lenders for a lower loan rate which may be a better deal for you.
You can also hire a mortgage broker if you don’t have the time to look for a mortgage loan or if your financial situation is complicated. Mortgage brokers have a
Comparable sales are the sales prices of similar Edmonton properties that have been sold recently. They are used as an example of buyers or sellers to assert something about the price for example why a buyer doesn’t want to pay more for an Edmonton property because he/she knows that a similar Edmonton home cost less.
To help you understand more about Edmonton comparable sales here are some main factors to look out for.
In today’s Edmonton real estate market when you need to compare similar Edmonton homes for buying or selling Edmonton properties, the timeline for comparative sales is at least in the last 3 months. Back then it was more than 3 months but because of the volatile market, it has become to a tightening 3 months.