Pricing your home properly in this Edmonton Real Estate Market is the single most important thing you will have to do if you want to sell your home. Each day sellers are looking for advice and searching for that magic pill, but there isn’t one. I can however tell you what won’t sell your home! My face on a bus stop will not sell your home. Just listed cards will not sell your home. They might get me a few more listings but I feel I should earn my business in other ways. So what will sell your home? Exposure to the whole market will help sell your home. Understanding the market and where you stand in it will help sell your home and proper pricing will help too. Independently they may seem small, but put these together and you have an excellent formula for…
As we come out of the slower winter months, February here in Edmonton has seen an increase in unit sales and prices. This is a typical jump we see as we move towards the spring market.
This February unit sales in Edmonton were up across all categories from January 2019:
- Single family homes increased 23.31%.
- Condo sales increased 26/05%.
- Duplex/row-houses increased 17.53%.
Residential categories were down 11.01% from February 2018:
- Single family homes decreased 2.73%.
- Condo sales decreased 6.62%.
- Duplex/row-houses decreased 9.60%.
Average unit prices since January 2019:
- Single-family homes average price was $430,000 which is an increase of 6.36%.
- Condo price averages was $222, 267 which is an increase
Getting financing can be a daunting process. It’s time consuming (and sometimes intimidating) going from bank to bank, and can be disappointing when you can’t afford the home you were hoping for. Or when you are refused financing. To help us out with this post, we’ve asked Narish Maharaj, a Mortgage Associate with Dominion Mortgage Pros, for advice on finding a mortgage that works best for your situation. All Canadian lending institutions follow national lending rules, but where they differ is with their own internal lending policies. Often times, borrowers are denied a mortgage or take out a smaller mortgage than what they can otherwise afford purely because of policy which can be different from one bank to another, Narish explains. As a mortgage…