Top Edmonton Real Estate Blog - Buying a Home

This is how Multiple Listing Services (MLS®) work

Finding a property can be a monumental task, especially in a hot real estate market where properties are selling within a day or two of being placed on the market. With so many realtors® and property brokers operating in specific areas, it can be extremely difficult to get an accurate look at all available properties in a timely manner. That is why Multiple Listing Service systems were created to help the real estate industry operate more efficiently.

What is an MLS® System?

A Multiple Listing Service, or MLS®, is a tool utilized by real estate brokers to obtain and disseminate information on properties to other real estate professionals. The main priority of these systems is to advertise the commission rate being offered by listing brokers on a…

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Using A Experienced Full-Time Real Estate Agent is A Must!

Edmonton Real Estate Agents Are Not All Alike:

 Not all Real Estate Agents in Edmonton are EXPERIENCED Full-Time Professional aGENTS. Wally Fakhreddine is 110% dedicated to his clients. Offering you the best of the best when it comes to your Real Estate needs is Wally's garuantee: * Do not hesitate to call Wally after hours and weekends * Free Real Estate Consultations offering years of local Real Estate Exprience * No appiontment necessary.......just pick up the phone * Immediate results upon starting to work on whatever your Real Estate needs are * Home ownwersip is just a call away * Access to the best Real Estate Services in Canada * For premium Experience. * Experience truly does make a huge difference.

Whether you are buying or selling a home…

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Tips for Choosing the Perfect Neighbourhood

When buying a home, there are plenty of different things to consider. Not least of which is choosing the best neighbourhood. Below are 6 key things to consider when you're selecting your dream neighbourhood. 

1. Age Appropriate? Certain neighbourhoods make sense for different stages in life. Also, it's reasonable to assume that you generally want to be around people in similar life stages, with similar goals and interests. It doesn't make sense for a retired couple, looking for a quiet sanctuary, to move to a brand new community with mainly starter homes and lots of young families and kids. While some neighbourhoods will certainly have a mixed demographic of people living in them, many will tend to appeal to…

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Top 7 Real Estate Regrets

They say that hindsight is 20/20. When it comes to making one of the most important decisions of your life—buying a house—the more you can learn about what to avoid, the better. Here is a list of the top 7 regrets that haunt home buyers:

1. Not buying sooner. According to TD Canada Trust's First Time Home Buyers Report for 2012, 55% wish they had purchased a home sooner and not wasted money continuing to pay rent. Many people get stuck waiting for the 'perfect moment' to jump into home ownership and when they finally do, they realize that the process wasn't as daunting or risky as they thought. It doesn't take long for new home owners to see the benefit of their investment. And with mortgage rates so low, it's a great time to get in there and just…

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Is A Low Ball Offer A Good Idea When Buying A Home?

Edmonton Home Buyers Tips:

While your low offer in a normal market might be rejected immediately, in a buyers market a motivated seller will either accept or counteroffer. Full-price offers or above are more than likely to be accepted by the seller, but there are are considerations involved: * Is the offer contingent upon anything, such as the sale of the buyers current home? If so, a low offer, even a full price offer, may not be as as an offer without that condition. * Is the offer made on the home as is, or does the buyer want the seller to make some repairs or lower the price instead?

* Is the offer all cash, meaning the buyer has waived all conditions including financing and property inspection? If so, then an offer at less than asking price…

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What is the difference between market value and appraised value for your home?

Edmonton Real Estate Market Advise:

The appraised value of a home is a certified appraisers opinion of the worth of a home at a given point in time. Lenders require appraisals as part of the loan application process, appraisers fees range from $200-$300. Market value is what price the home will bring at a given point in time. A comparative market analysis is an informal estimate of market value, based on sales of comparable properties, preformed by a Real Estate Agent. Either an appraisal or comparative market analysis is the most accurate way to determine value.

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