What’s my home worth? How to find your home’s value
Should you use a value estimator tool or hire a home appraiser? Hiring a home appraiser is the best method of estimating the current value of a home (other than putting it on the market). Online value estimators can give you a great ballpark for what your home is worth, however, they may over or […]
Home Appraisal’s Explained: Everything you need to know about an Appraisal in Edmonton, Alberta
If you buy a home for cash in Edmonton, a home appraisal is not strictly necessary. However, for mortgages, your lender will need a home appraisal to avoid lending more than the home is worth, allowing them to recover the loan amount if you default on the loan. The buyer and appraiser define the type […]
Things to do and not do before closing: What happens at closing in Edmonton?
Closing day is the same as possession day. It’s the day that the buyer’s lawyer sends the funds to the seller’s lawyer. The seller’s lawyer will pay out any mortgages, liens, lines of credit, etc which are registered against the property. They will then make an application to Land Titles to have the title transferred […]
What is the difference between an Appraisal, Evaluation, Assessment, and Market Value?
Appraisal: Only a licensed appraiser can produce an appraisal report. Lenders like banks who loan money based on the value of property will only use the opinion of an appraiser to determine value. Appraisers are rarely REALTORS® and will not be soliciting for a listing or commission. Appraisers are paid a flat fee for their […]
Why is selling a home so expensive in Alberta?
In most real estate transactions, the most significant fee you will pay when selling a home is the commission which is usually split between your agent and the buyers’ agent. But that does not necessarily mean that you would save money going without a REALTOR®. Selling your home without a REALTOR® could be more expensive […]
Sell House Fast in Edmonton: How can I sell my house in less than a week?
The longer your home stays on the market, the more utility and mortgage bills you will have to pay. If you are looking to sell your house in the shortest time possible – the options you have are: Method 1 – Utilizing an iBuyer or investor with a fair cash offer An iBuyer is a […]
What is a Guaranteed Sale Program & What to Watch Out For
In Real Estate, you will often come across a program used by brokerages in that they will offer you a guaranteed sale. On the surface, this means that they are so confident in their ability to sell your home that if it does not sell for X days, they will then purchase it at a […]
Dower Rights in Alberta
Under the dower act, neither spouse may sell or mortgage their home without the other spouse’s consent. Today, the dower act applies to both spouses equally, meaning a widower is also entitled to his deceased wife’s property. Note: The dower act only applies to married persons, and Quebec and Newfoundland have succession and matrimonial property […]
How to get a real property report in Alberta
The easiest and cheapest way to get a Real Property Report in Alberta is to utilize the one you have or contact the original land surveyor who created the first report and request an update. You may also hire a certified Alberta Land Surveyor. Below is everything you need to know about Real Property Reports […]
How to Reduce Property Insurance Premiums in Canada
Having property insurance is necessary -in that- you will not suffer total property loss in the event of theft, vandalism, fires, or an act of nature. But the cost of coverage, mortgage, and other financial commitments will add up – costing you thousands of dollars annually. To avoid undue hardship, you need a targeted approach […]