Edmonton Real Estate Blog

5 Tips For Writing An Offer In A Buyer's Market...

Not everyone has a high level of experience of negotiating great real estate deals, but if you follow these five tips you'll be ahead of the game.

Ask for the stuff you really don’t want or need and use them as negotiating tools. If you like the Sellers coffee table, ask for it. If you like the Sellers Plasma TV, ask for it. If you like the Sellers golf clubs, ask for them. Sometimes asking for items not listed in the “Goods Included” list may draw the Sellers attention away from the price and other major points in the offer. If the Sellers refuse, say “OK if we leave the TV out of the offer will you sign the offer.

Ask the Sellers for a “Cash Back” upon closing for furniture or renovations. If you love the home but hate the color of the walls, ask for some money back to repaint the walls. If you love the home and need an extra $5,000 -$10,000 for some new furniture, ask for it. Before doing this make...

Landlord’s Rental Boom Dreams May Be Relatively Short Lived

Landlords are experiencing a rental boom of sorts at the moment thanks to the last round of mortgage rules that may have put the dream of home ownership on hold for some Canadians. But, a recent Genworth pole indicates that this boom may be only temporary. Some Canadians, particularly those of the younger variety, refuse to give up that dream.

The survey was conducted with the help of the Canadian Association of Credit Counselling Services, or CACCS. Questions about financial health and preparedness were asked of 1,514 Canadians.  Results showed that, contrary to what some analysts predicted, 56 percent of buyers getting into the market for the first time came up with a larger down payment than the 20 percent required. In the 2012 survey that percentage was 36 percent.

Genworth Canada’s CEO Brian Hurley attributed this to Canadians making the wise decision to save more before taking the home buying plunge. While it is a bit more difficult for some, home...

Real Estate Price Wars

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Every seller wants top dollar for their home. The fact is that not everyone gets top dollar. Sometimes all it takes is a slight adjustment here and there to get that extra dough. In order to get your home sold you have to get Buyers to come view the home.

With so many properties for sale, the Seller needs to make their property stand out instantly as a good value or buyers will move on. Many times its “one and done” when they view the home, and it's easy to screw up.

During the first 2 weeks is when you’re home gets the most attention. Work with your agent to determine the best price. When price reductions start to occur it may have the perception of damaged goods to the Buyer.

Tip #1: Don’t price the home too high, or use the “Let’s price it at this...