Oct 15, 2021
See what is happening in the Edmonton Real Estate Market! by Serge Bourgoin Edmonton Real Estate
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See what is happening in the Edmonton Real Estate Market! by Serge Bourgoin Edmonton Real Estate
Are you looking for a great family home where your kids can just go out the front door to play in a park & playground? This home offers a total of 5 bedrooms and 2,280 sq.ft. of developed living space. Direct access to Knie park and walking trails around Leduc's west end. by FindMyHouse.ca
It looks like the Edmonton market is coming back despite Covid-19. Sales of single family homes increased 18% week over week. That is a very encouraging number, and it is the second week in a row that we have seen increase in single family homes in Edmonton. Buyers are telling us that they are tired of this quarantine and ready to get back to some sort of normalcy. More important they are out buying homes again. However our listings to sales ratio overall is still 6.86:1 which means we are continuing to have downward pressure on valuation. I don’t expect this trend to change…. and here is why. Yes the buyers are coming back to the market… but they are a leading the curve. The seller’s are still hesitant to put their homes on the market, not wanting to potentially exposing their homes and family to Covid-19. As Alberta starts to open back up we will see more and more sellers putting their homes on the market. The savvy seller will put their homes sooner than later ( being now ) as we see continued downward pressure on valuations. Putting their home on the market now increases their chances to sell for the best price possible. It could be several years before they valuations higher than they could get today. by FindMyHouse.ca
In today's edition of "Everything You Need to Know About Edmonton Real Estate" we have special guest David Edmiston of Pacesetter Homes having a candid talk about the current new home market and what we can expect in the future. by FindMyHouse.ca
For more pictures or details visit: https://ift.tt/2yD6O1w Listed for only $179,900. Unique two & a half-story townhouse in Meadowlark Village, steps away from West Edmonton Mall & Misericordia Hospital. The main floor features a large open living room with access to a fenced in patio. This is great in summer & overlooks a grassy knoll. The dining area transitions into the Kitchen & on to a Breakfast Nook. Main floor half bathroom, with updated plumbing & new vanity, also includes in-suite laundry area. The second floor features two bedrooms including the master. The upstairs full bathroom has been fully- renovated, which includes all new the plumbing. High efficiency furnace installed in 2019. Enviro Friendly Hot water tank is eight years old, well maintained. The third floor features a spacious Loft, Great for entertaining, Family room or open space for a private home office. This home has a great walkathons ability score. Access Multiple Schools for all grade levels, Multiple Public transit options & the future west end LRT. Family friendly area. by FindMyHouse.ca
I want to apologize. In the last few days our website https://ift.tt/2mwXZQi and www. FindMHouse.ca was done for technical reasons. Good news it is now fixed and running again. Please feel free to start search for Homes for Sale in Edmonton at https://ift.tt/2mwXZQi by FindMyHouse.ca
In just a few minutes you can learn why joining eXp Realty will make financial sense to you. After being with my previous company for over 31 years this was the best decision I have ever made. I only wished they were in Canada sooner. by FindMyHouse.ca
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. Serge Bourgoin: So it's kind of like what we used to call a service of good buck several years ago. A little more detail. Charles Bosecke: A little bit more detail, it's basically a surveyor certificate with fancier name and some more details. Serge Bourgoin: Some more details. Perfect. Charles Bosecke: So, from a legal point of view, the survey has no value. What it does is it just shows what's on the property. The value in a real property report is once we send it to the city, we request the city to provide us with something called a compliance. So the city reviews its development records for that property to ensure that there's building permits and development permits issued for all of the structures that require those permits. They will review the real property report to make sure none of the structures encroach on utility right aways, including city utility right ways. And then they'll tell us whether or not buildings are located properly according to the city bylaws. So setback from property. That document is typically called a compliance report, and that has legal import for both the sellers and the buyers in the real estate transaction. Serge Bourgoin: So sometimes when we see that report, it says everything's okay, but something's nonconforming. So what would that mean? Charles Bosecke: So nonconforming means that either the property, sorry, the proper permit has not been issued for that structure, or it's located improperly. So it's not setback from the property lines properly. Serge Bourgoin: Okay. Charles Bosecke: However, due to the age of the structure, the city allows it to remain as is, either contravening the location bylaw, or without a permit because of its age. However, when a buyer or a homeowner changes that structure, they then have to bring it up to current city standards in terms of permits and location. This transcript was exported on Nov 06, 2019 - view latest version here. Serge Bourgoin: So basically nonconforming says, I guess, it doesn't fit the requirements, but we're okay with you keeping it the way it is. But, if you ever do make changes in the future, you have to make it comply. Charles Bosecke: Correct. Basically, they're grandfathering that structure. Serge Bourgoin: Okay. So why would a buyer insist on having an RPR versus accepting a title insurance? Charles Bosecke: So as a buyer, there's a couple of important reasons why you want a real property report. Number one is, as a homeowner, it gives you the location of the structure. So when you do future work, you have all of that information at hand. Number two, as a buyer, it gives you assurance that all of the proper permits have been issued. So you don't need to deal with that property in the future if you're altering the structure or, ultimately when you sell the property and you need to get the permits for your buyer down the road. To Read the Complete article click on: https://ift.tt/2pQXhQy To start your search for a new home start here: https://ift.tt/2mwXZQi by FindMyHouse.ca