780-489-3535 RE/MAX Elite

Buying & Building a New Home.

Sun, 23 Oct by Dwayne J. Horvath

I will Help You Find the Right Builder.

 

After 20 years in Real Estate, I can tell you that not all Builders are equal.  Though most Builders aspire to be competent, I’ve found varying degrees of workmanship, responsibility w/respect to sub-trades, manor in which the Client is treated…& a substantial difference in their ability to listen to the needs/concerns of the Client.

There are different categories of builders; Custom, Spec & Production.

Custom:  Generally small volume builders, that build one-of-a-kind homes on your land.  They may offer designs & floor plans you can edit as you like, or help you design a completely unique home based on your criteria/lifestyle.  Custom features may include; concept/theme homes, higher ceilings, larger rooms/doors, custom use rooms/baths, unique roof design, custom garages, changes to accommodate a disability, etc.  I’ve also seen custom homes specifically designed to mesh with & incorporate the natural environment of the property.

There is a cost associated with custom work, as more design & planning are involved, as opposed to a pre-planned spec home.

Spec:  A spec home is built on land pre-purchased by the Builder.  Generally, the floor plans are pre-designed & the home is built to sell.  Construction begins & continues, regardless if there’s a Buyer interested at the time or not.

A Buyer may become interested during the course of construction.  Few Builders however, will accommodate even small changes of design, as the ‘floorplan’ (& associated costs) were determined before breaking ground.  Prior to completion, in most cases the Buyers are invited to choose from a selection of certain finishes.

Production:  Production Builders are developers or builders who own a large plot of land, which is divided into numerous smaller lots for ‘stock plan homes’ to be built.  Production builders are large volume builders, building many types of housing, such as; single family, condos, town houses, etc.  Generally, there is not much opportunity for a Buyer to make changes.  Production builders often attempt to keep supply in conjunction to meet current housing demand.

These are mass builds & are generally priced lower than single family spec homes.  Occasionally, quality may be sacrificed for quantity, such as; paint grade, framing quality, cabinetry, shingles, carpeting, etc.  But, it’s important to note that this depends greatly on the cost saving approach of the individual builder.  Regardless, one major factor to note…is resale value.  Most homes on this street will look extremely similar.  Though the lower price may be appealing, especially for first time Buyers…it’s crucial to understand that your future resale value will be affected as much (by these same factors) when it’s time to sell.  Not to mention that there are usually a substantial number of these homes on the market at any given moment, meaning that price is about the only thing making one more appealing than the other.

Whether You’re Building for the First Time…or Selling Your Existing Home & Building a New One.

…I will Help You Find the Right Builder.

By far, my experience with Builders has been quite positive.  I pride myself on matching Buyers to Builders…& most Builders are happy to work with professional Realtors.  Fact is, all Builders offer a different approach.  All have different building methods, different quality standards, different tradesmen, finishing, sales approach/staff, etc.

Last thing you want (when building a home), is to find your needs aren’t being looked after or concerns not heeded.  So, put my experience to work for you.  I have negotiated countless new home purchases…I know exactly how to approach negotiation, contract, additions (landscaping/decks/etc.) & time-sensitive subjects.

My Experience is Key to Your Success.

Based on what you’re looking for…I can find the most suitable builder, best prices & best quality.

Contact me at: info@SellWell.ca

Cel: (780) 445-8575

http://www.sellwell.ca/contact_agent.php

 

 

Buying a Home in Edmonton. Buying a New Home in Edmonton. New Home Builds, Resale Homes. Investment Properties. Home Builders in Edmonton.  Building a Home.

Does It Cost Us Anything To Hire An Agent?

Wed, 08 Dec by Dwayne J. Horvath

Does it cost us anything to hire a Professional Agent?

Do Buyers pay any commission to use a Real Estate Professional?

The answer is no.  As a Buyer, it costs you absolutely nothing to hire a Professional Real Estate Agent.

In truth, it makes no sense for a Buyer not to use a Professional.  We’ve facilitated & negotiated thousands of Real Estate transactions & traded tens of millions of dollars worth of Real Estate.  It’s natural for you to be a bit untrusting at the start; it keeps you on your toes.  However, know this…Real Estate is our Full-time career & has been for 20 years.  Although we certainly welcome new Clients, over 90% of our current business is generated by our past Clients.  We worked hard for them in the past & continue to work hard to maintain their trust & loyalty.  All of our Clients at any time are willing to be questioned about our performance.

…Some of the Benefits to Use a Professional When Buying a Home or Property:

Access to a Wealth of Experience – Did you know when you hire us; you have an entire office working on your behalf??

-Instruction on legalities, zoning, building restrictions, etc.

-Immediate access to tangible information – neighbourhoods, schools, amenities, future planned development, etc.

-Comparable Active & Sold values – What is this property really worth??  *Find Out BEFORE you Offer. 

-Versatile & timely communication via; phone, text, e-mail, etc.

-In-House Staff – An entire office of resource dedicated to you and your purchase

-In-depth & Experienced Knowledge on SOLD values, average days on market and archive information on your potential purchase.  All providing You with an edge at negotiation time.

-In-depth & Experienced Knowledge, Guidance and Professional Skills with respect to negotiating the offer

-*Invaluable contacts with Preferred Professionals.*  Which means, You have access to our tried & true Lawyers, Banking Institutions, Mortgage Brokers, House Inspectors, Home Builders, etc.  This ensures You the absolute Best service & rates available.  How is this any different from you choosing someone Uncle Fred suggested or randomly choosing someone??  *Bear in mind, we’ve been doing this a long time.  We’ve had time to ‘sift through the masses’ & have found Professionals who genuinely make an effort each & every time to ensure you the best results & the best price for their service.

-Up to the minute search results.  Many search sites only update once every few days or even once a week.  Our state of the art site sends you applicable (meets search criteria) properties the minute they become available.

Lastly…

Emotions play a huge role with First time Buyers, as does inexperience.  Our goal is to not only guide you toward reliable professionals (Lawyers, Financial, Inspectors, etc.) but to help you with critical choices that ensure Your Home will maintain it’s Resale Value, thus protecting Your Investment.

Are Commissions Negotiable?

Wed, 08 Dec by Dwayne J. Horvath

How Do Commissions Work?

Professional Real Estate is a service.  Like many services, our fees can be negotiated.  Granted, there are some Real Estate Agents that never (or say they never) reduce or negotiate their commissions.  Of course, I can only speak for us & what we do.

The fact is, we’ve worked with many of our Clients for years…often representing them many times over.  We often reduce our commissions for a number of different reasons, but first & foremost as a thank you for their continued loyalty & trust.

Firstly, it’s important to understand how commissions work.

  1. The Seller pays the commission.
  2. The Listing Real Estate Agent (us) covers all associated advertising & marketing expenses.  If you’re home/property doesn’t sell, we’ve lost our own money & You haven’t paid a cent.
  3. In order to make your home as attractive as possible to fellow Real Estate Agents, we offer approximately half of our commissions to them – to help us find a Buyer for your home/property.
  4. Lastly, regardless of what you’ve heard…Real Estate is an expensive industry.  It costs a lot each month simply to maintain a license.  Advertising & marketing properties to a global audience ensuring you the best opportunity to Sell for the best price possible, encompasses many expenses.

Reasons we’ve negotiated or reduced commissions in the past:

With respect to commissions, we normally but not always charge 7% on the 1st 100k & 3% on the balance.  We pay/offer approximately half of that amount to any other Real Estate brokerage that helps us find a Buyer.  I’m willing to negotiate or reduce commissions under these circumstances;

  1. your property sells quickly (meaning we haven’t spent thousands advertising/marketing it)
  2. if we find the Buyer ourselves (we then would be entitled to the entire commission & therefore able to often offer a substantial reduction)
  3. if you bought another property (using us as your Realtor)…& used us to represent you to facilitate your Sale
  4. or of course, if you & the Buyer can’t quite come to an agreement on Sale price (in this scenario, how much we’re able to reduce depends on length of time on market & whether another Agent is involved representing the Buyer)

Private Home Sales.

Tue, 07 Dec by Dwayne J. Horvath

The Meat & Bones of Private Sales.

Do private home sales work??  The short answer is…sometimes.  Although it may seem funny & a bit over-simplified, if the ‘stars are aligned’ & the Buyer just happens to stumble upon your private listing…there’s a chance.

This realm of home sales isn’t affected by market inventory as much as the discount Real Estate brokerage system.  …It is what it is & whether or not you can sell your home privately depends greatly on one thing…exposure.

The MLS system works extremely well because it links Buyers, Sellers & Real Estate Agents.  Everyone worldwide knows it’s there.  If they can find MLS, they can find your listing.  Sure, private sales companies have access to the internet…but, so what.  Who knows they’re there??  I may be looking for a house exactly like yours, but if it’s listed with “Joe’s Private Home Sales”…how am I going to find it?

Once more, what guarantees do I (the Buyer) have?  Am I aware of comparable Sold prices to give me a better understanding of value?  Who priced your property…you??  Based on what information?  Am I paying too much??  Am I negotiating purchase price based on tangible information, or am I simply ‘winging it’ & hoping for the best.  This opens up an entire can of worms.

What Professional Real Estate Agents offer Buyers is real.

– Years of negotiating experience – invaluable

– Experienced advice & guidance with everything Real Estate related from future resale features to the intricate process of financing, offers, possession, inspections, etc.  – invaluable

– Tangible concrete comparable sales information in black & white – absolutely crucial before writing your offer.

– Instruction on legalities, etc, etc.

Not to mention, access to a network of proven tried & true Mortgage brokers, Financial institutions, Home inspectors & Lawyers.  Who often offer the Agent’s Buyer not only the best available service, but discounted fees as well.  Truthfully, what benefits are you offering the Buyer?

Maybe you’ve had a bad experience with an Agent in the past.  I understand…to this day, I still see listings that have been on the market for a month with no photos or a poor description.  Like in any business, you have varying degrees of competence.  Although I have very little patience for these ‘Realtors’, they are doing me a favour.  The worse they are, they better we look.  We take extreme pride in our listings & our Client relationships.  Although we try to continually learn each day, we’ve mastered our craft…& sometimes our work can be taken for granted.  So yes, seeing a certain degree of incompetence reassures me of our standards & helps us consistently heighten them.

Does Discount Real Estate Work??

Sat, 04 Dec by Dwayne J. Horvath

The Truth about Discount Brokerages & Discount Realty…

If you want to “shoot yourself in the foot”, this is the best way!  So here you are, trying to do yourself a favour & save money while selling your home.  The discount brokerage has promised you certain services for a certain discounted fee.

It may be something like $499 for basic MLS exposure or $999 for a full service deal or possibly it’s simply a percentage brokerage that offers to sell your home for 2% of selling price.  Sounds great right!?

Now…imagine for a moment that you are a professional Real Estate Buyer’s Agent & you have Buyers looking for homes in this area.  Being the professional you are…

– you’ve gotten your Buyers pre-qualified with a proven mortgage broker

– educated & advised them with respect to financing, home inspections & the buying process

– spent many hours talking with them, not only determining  their perfect home, but advising them on neighbourhoods, values, Sold comparables & future resale features

– spent countless hours performing searches honing in on just the right one, possibly even previewing potential homes to see if they’re worth your Buyers time to view

– many times negotiating your commissions to help the Buyer (happens often)

– spent time/money already showing them homes for weeks…not finding that perfect fit yet or simply to give them a better understanding of value in certain neighbourhoods, etc, etc.

…You have a choice to make.  You can take your Clients to other comparable homes that are offering you a full commission or you can take your Clients to this home that’s offering a very small percentage.  What would you do??  Bear in mind, it’s been a slow market for about 3.5 years now & you have a Family to feed!

Professional Agents work hard & spend hard to take care of their Clients.  *Imagine going to work on payday only to learn that your employer has decided to give you a small percentage of your paycheck!

Now…here’s a dose of reality.  The market determines whether or not these discount brokerages hold any water.  If it’s a busy Seller’s market, homes are selling quickly & there isn’t much inventory, there’s a chance your home may sell using these services..simply because the Buyer’s choices are extremely limited.  If however, the market is slower & we have a huge inventory of homes to choose from (like now)…well, I think you get the idea.

Who benefits?  Let’s think about this for a moment.  You’ve paid these people a fee or agreed to pay a small percentage to sell your home.  Though, now we know you’re not really receiving the same attention as Seller’s offering full commissions.  In truth, the only one benefitting in this situation is the discount brokerage…& here’s why; they’ve already got your money &/or they are generating Buyer leads from your listing!!  Which means, they can take the Buyers that call on your listing & go show/sell them ANY home.  Possibly even one offering full commissions!

Currently buyers are worried about spending.  Our economy has tightened many purse strings out there.  They’re worried about job/career stability & what the future holds in store for us.  Currently, Buyers have many homes to choose from, strict financial qualifying restrictions & as much time as they want in many cases to choose a home.

The fact remains that professional Real Estate Agents do EVERYTHING possible to sell your home.  Spending their own money marketing it…not taking anything from you until they’ve performed the service & performed it well.

So, you’ve already given the discount brokerage your hard earned money & lost 3 months of market time because it didn’t sell…now what?

I’m sure like in any business, there are genuine sincere people involved who believe they’re trying to help Sellers save money, but the fact is…they may be causing you more grief & wasting valuable marketing time.  If however, you’ve been one of the lucky ones & have actually Sold a home this way recently.  My hat’s off to you!

This blog is intended to inform & educate the general public.

Canada’s Real Estate Future.

Thu, 02 Dec by Dwayne J. Horvath

Canada, once known mainly for its Mounties, maple leaves, and muscular peacekeeping presence…can now crow about how it managed to avoid the financial crisis that devastated many of the economies of the Western world.  For instance, not one Canadian bank failed during the crash and only one reported a loss.

David Rosenberg, an economist for Gluskin Sheff, told Fortune this week he couldn’t “recall a time, ever, where on the fiscal, economic, or political basis, relative to the United States, the downside risks were as limited and upside potential so compelling in Canada as is the case today.”

All of this rings true, for now at least.  But Canada still faces some stiff odds if it plans to slip through the crisis with nary a scratch.  CIBC recently reported that Canada was likely to see its economic recovery squeezed next year, with a still-overvalued loonie falling to 93 U.S. cents and growth rates averaging “no better than 2% over the next few quarters.”  Canada’s economy, said CIBC, was shifting “into a new phase of greater uncertainty.”

One problem is that it’s hard not to catch a close neighbour’s cold.  Although bolstered by a heavy trade of natural resources, 75% of Canadian exports end up in the United States, so Canadian trade will likely suffer if American consumers don’t begin spending again.  “At the end of the day, the Canadian economy just can’t fight the gravitational pull of sluggish U.S. activity.  End of story,” Doug Porter, deputy chief economist at BMO Capital Markets recently wrote.

A U.S decelerating economy means the labour market (currently running at just under 8% unemployment) will probably soften further.  Canadian household debt continues to rise and currently runs at about 144% of disposable income, comparable with rates in the US, although household debt is falling there.  As with their American counterparts, debt-sodden Canadians could soon begin putting away those charge cards too.

A housing bubble?

But perhaps the greatest issue looming over Canada’s fortunes is its housing market, which has, despite a brief blip, continued to drive higher through the world’s economic snow bank due to easy credit, low interest rates and encouraging government tax breaks.

Believers in the Canadian miracle say the country’s housing market is not likely to have much of a correction at all, and certainly not the sort of housing swoon seen in the United States or Europe.  One reason is that most mortgages were written by one of Canada’s six major banks, all of which have existed under tighter regulations than their brethren in the U.S.  Another is that sub-prime mortgages were never in vogue.  At the height of the American property bubble in 2006, sub-prime mortgages accounted for only 5% of the mortgages taken out in Canada, compared with 25% of those obtained in the United States.  Roubini Global Economics says the chance of a “U.S.-style housing bust is unlikely given sound fundamentals of the Canadian financial system and mortgage lending.”

But the Canadian housing market is showing signs of strain.  Driven by an overhang of supply and by recent government efforts to tighten lending standards, housing starts in October were down 9.2% compared with September, and down more than 12% in urban areas.  Also, housing prices have begun to level off after a decade of scaling ever-greater heights.  Over the last ten years, housing prices have increased more than 95% nationwide.

Lower housing prices could hit Canadians fairly hard.  Housing accounts for more than 20% of Canada’s GDP, and its employment gains have been fueled by continued spending in the construction industry, which is one of Canada’s largest and fastest growing employment sectors.  In October, while the number of workers in Canada’s massive service sector declined by 33,000, construction added 21,000 jobs.

There may also be less wiggle-room for Canadian homeowners than many perceive.  Canadian banks didn’t slice and dice millions of sub-prime mortgages, but they still offered – and continue to offer — pretty generous terms.  Edward Jones wrote in a recent note to clients that the mortgage credit in Canada increased more than 10% a year from 2006 to 2008, more than double the rate of growth from 1997 to 2001.  Edward Jones added that “credit is currently more easily available than it was prior to the recent recession.”  I disagree with this statement.  I’m submersed in the qualification process on a daily basis.  The ‘purse strings’ have tightened throughout the industry & it’s become quite evident.

Canadians easily obtained mortgages with only 5% down and payments running out 35 years.  More than 65% of Canadian mortgages are fixed for five years (and now face more stringent renewal terms and likely higher interest payments).  But variable rate mortgages offered in Canada were at least as creative as those doled out in the US, with banks allowing terms as short as six months.  Unlike in the US, people who default on mortgages in Canada don’t just lose their houses; they risk other assets as well.

A fast or unexpected rise in interest rates (Canada was the first G7 country to begin moving them higher following the recession) could leave Canadians with little cushion.  Last year the IMF noted that, by some measures, Canadians were paying a larger percentage of their income for housing than Americans did prior to the housing bust.

That level hasn’t improved.  Recent government data shows that the average Canadian with a two-story home spends almost 50% of his household income on mortgage servicing, with the average is closer to 70% in red-hot markets like Vancouver.  “By and large the affordability situation remains within a safe range in Canada; however there are local markets where the share of household income taken up by homeownership costs is at worrisome levels,” the Royal Bank of Canada wrote in September, adding that the situation in Vancouver raises “a red flag.”

*portions of resource in this excerpt from CNN.com/Money

Questions to Ask When Assessing Home Features.

Wed, 24 Nov by Dwayne J. Horvath

This is an Investment.  How well it grows will depend on the Questions you ask today. 

 

– Do you need several bedrooms, more than one bathroom, space for a home office, a two-car garage?

– Do you want air conditioning, storage or hobby space, a fireplace, a swimming pool?  Do you have family members with special needs?

– Do you plan to have children?  Downtown or suburbs?  Proximity to recreation or work.

– Do you need a substantial backyard?  Pets?

– Is there adequate storage space?

– Will any remodelling be required to make the home move-in ready for you?

– What service providers (cable, Internet, telephone, Satellite) are available in the area, and is the house completely wired for each?  Can you hear me now – how good is the cell phone reception?

– How much are the yearly property taxes?

– How much do utilities run each month?  Does the house use gas or electric for the furnace, water heater, and appliances?

– How old are the major appliances, and which are included with the house?

– Have there been any major repairs to the house, and if so, when were they completed?  For example, how old is the roof?  Has water ever damaged the basement or foundation?

– Ever had problems with insects, such as termites and spiders, or rodents?

– Older homes need to be carefully examined – Windows may need caulking or new sashes, bathroom tiles may need grouting, home may need rewiring (planning on a hot tub or sauna?), a new hot water heater, or a new furnace.

Location, Location, Location

– How far will you be commuting and what is the traffic like?  Factor in cost of fuel.

– Where will your children attend school and how will they commute?

– Are there recreational facilities and parks close by?

– Are you close to family and friends?

– Is safety or high crime an issue?

– Is the property close to an obstacle or negative influence? (i.e. an apartment building, shopping centre, school, radio tower, power lines, LRT or railroad track, highway, airport or commercial project).

– Access to schools, work, recreation, shopping centres, public transportation, cultural attractions, libraries, churches and hospitals

– Adjacent undeveloped land – what is proposed for this or other green space?

– Heavy traffic can be noise nuisance and hazard for children

– Distance from the unit to amenities, parking, walkways, roads, public transit

– Does the neighbourhood reflect positively on the value of the condo and your lifestyle choice?

– Does this neighbourhood, for any reason, have a poor reputation?

– Is the future economic climate for the area good?  Are businesses moving in?  Is there government investment?

– Are people moving in or out of the neighbourhood?  What is their age, income level, family size?

– Are there plans for this neighborhood that you may be unaware of (i.e. a future highway, a commercial development or a new housing development) that will provide competition on resale?

Noise and Privacy

– Proximity to highways, driveways, parking lots, playgrounds, trains.

– Proximity to elevators, garbage disposal, fire exits, heating and air conditioners.

– How well is the building soundproofed.

– Visit at different times/weekends to check noise levels and activity.

First Time Buyer – Where To Start?

Wed, 24 Nov by Dwayne J. Horvath

To begin with, let me say…”First Time Buyers are an Absolute Pleasure to help”.  We genuinely enjoy sharing our years of Experience & Knowledge.  Guiding You toward an Accurate Investment Decision.

Over the years…I’ve often heard, I’m completely new at this, so I have no idea what to really look out for.”

“Let me tell you, the biggest mistake you can make is diving in head first.  Simply calling the number on the sign & hoping for the best will not work.”

Don’t be overwhelmed…we’re here to help you.

As far as “what to look out for”, I always like to stress future resale value.  Think of it this way…everything you’re considering right now (on a certain home) is everything a future Buyer will be considering as well when it comes time for you to Sell it.  So, things like whether or not it looks over a parking lot vs. a park, underground parking vs. open stalls, corner lot vs. cul-de-sac, etc.

Step #1.

Find a Real Estate agent you’re comfortable with.  An experienced agent will know & have access to tried & true proven Mortgage Brokers, Banks, Home Inspectors & Lawyers.  Keep in mind, we’ve been doing this a long time.  We’ve had time to weed through thousands of people to ensure you’re receiving the BEST services available.

Step #2.

Contact the Mortgage Broker we’ve referred you to.  It’s important to know where you stand with Financing BEFORE getting excited about a particular home.  They will most likely want confirmation of income, they will do credit checks & they will qualify you for an amount you’ll be comfortable with.  Remember, all interest rates ARE negotiable.

Step #3.

Ask questions.  There’s no such thing as a silly question.  Buying a home will affect your future.  Exactly how it affects your future depends on the choices you make right now.  When I say, “Put Our Years of Experience to Work for You”…I’m not kidding.

Step #4.

Begin looking at homes.  By now, we’ve had time to talk.  We know what you’re looking for & where you’d like to live.  Somewhere reasonably close to work & somewhere you’ll feel comfortable raising your kids & calling home.  We also have an idea of price range, given that we’ve dealt with the bank already.

http://www.sellwell.ca/contact_agent.php

6 Mistakes Home Buyers Make.

Wed, 24 Nov by Dwayne J. Horvath

Mistake #1.  Not Using A Professional Real Estate Agent.

Calling the number on the sign or trying to do it yourself, is not a good idea unless you’ve got years of experience.  We’ve been trading Real Estate for almost 15 years.  We’ve negotiated tens of millions of dollars worth of Real Estate, taken thousands of hours of training, have attended thousands of home inspections & know the legalities.  We can & will help you make a purchase with the least amount of problems.  We will ensure the price you pay is market value & we will offer expert advice on what to look for, conditions to include, negotiation strategy, etc.  After all, we work for you.  An experienced agent will also know & have access to tried & true proven Mortgage Brokers, Banks, Home Inspectors & Lawyers.  Keep in mind, we’ve been doing this a long time.  We’ve had the time to weed through thousands of people to ensure you’re receiving the BEST services available.

Mistake #2.  Not Getting Pre-Qualified for a Mortgage.

Before looking for your next home, take the time to get pre-qualified by the bank or mortgage broker you choose or we recommend.  This will save you hours of searching for homes in the wrong price range or worse, purchasing a home and then finding out you don’t qualify for financing.  Pre-qualifying gives you peace of mind, helps narrow your search criteria and most importantly, gives your Agent a negotiating edge by being able to alleviate the sellers concern over financing.  The latter is especially important should a competing offer surface.

Mistake #3.  Not Shopping For Mortgage Terms.

Rates are negotiable!  Banks will sharpen their pencils to get your business especially if you have a good credit rating and bring other business to them e.g. RRSP’s, general account, savings etc.  Posted rates should viewed as a starting point.  You need to know what the best rate is and this is usually done by get competitive quotes.  Also, ask whether the bank will cover appraisal fees, and about buy-out fees, penalties, payment options, portability etc.   The time spent can save you thousands of dollars over the life of the mortgage.

Mistake #4.  Not Getting Professional Inspections.

Whoa!  Nobody wants to purchase a home only to find out later there are defects, latent or otherwise.  Ensure you obtain inspections where needed e.g. home inspection, structural engineer, insect, radon etc.  If the inspection identifies deficiencies you may be able to negotiate the purchase price to cover required repairs or make your satisfaction of the inspection subject to the homeowner remedying the problem.  We, as Your agent can advise you on inspections you should consider.

Mistake #5.  Buying First Before Selling.

If price is important you should always sell your present home before buying another.  It has the advantage in letting you know exactly how much money you will have available for your next purchase.  Selling your home first allows you to place fewer conditions on your purchase which makes your offer more attractive to a seller.  They often will demand more money to take a “subject to” offer which takes their home off the market.  The other advantage is if you find a terrific house, chances are others will also find it attractive and you stand to lose it if you can’t make an unconditional offer.

Mistake #6. Not Knowing The Full Cost Of Home Buying.

Know all the costs associated with your purchase.  Consider the following costs:   legal fees, transfer tax, property taxes, new home landscaping, fencing, appliances, window coverings.

What You Need To Know…& Where To Start.

Wed, 24 Nov by Dwayne J. Horvath

To begin with, let me say…”Buyers are an Absolute Pleasure to help”.  We genuinely enjoy sharing our years of Experience & Knowledge.  Guiding You toward an Accurate Investment Decision.

Over the years…I’ve often heard, I’m completely new at this, so I have no idea what to really look out for.”

“Let me tell you, the biggest mistake you can make is diving in head first.  Simply calling the number on the sign & hoping for the best will not work.”

Don’t be overwhelmed…we’re here to help you.

As far as “what to look out for”, I always like to stress future resale value.  Think of it this way…everything you’re considering right now (on a certain home) is everything a future Buyer will be considering as well when it comes time for you to Sell it.  So, things like whether or not it looks over a parking lot vs. a park, underground parking vs. open stalls, corner lot vs. cul-de-sac, etc.

Step #1.

Find a Real Estate agent you’re comfortable with.  An experienced agent will know & have access to tried & true proven Mortgage Brokers, Banks, Home Inspectors & Lawyers.  Keep in mind, we’ve been doing this a long time.  We’ve had time to weed through thousands of people to ensure you’re receiving the BEST services available.

Step #2.

Contact the Mortgage Broker we’ve referred you to.  It’s important to know where you stand with Financing BEFORE getting excited about a particular home.  They will most likely want confirmation of income, they will do credit checks & they will qualify you for an amount you’ll be comfortable with.  Remember, all interest rates ARE negotiable.

Step #3.

Ask questions.  There’s no such thing as a silly question.  Buying a home will affect your future.  Exactly how it affects your future depends on the choices you make right now.  When I say, “Put Our Years of Experience to Work for You”…I’m not kidding.

Step #4.

Begin looking at homes.  By now, we’ve had time to talk.  We know what you’re looking for & where you’d like to live.  Somewhere reasonably close to work & somewhere you’ll feel comfortable raising your kids & calling home.  We also have an idea of price range, given that we’ve dealt with the bank already.

http://www.sellwell.ca/contact_agent.php

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