Overpricing is the number one reason why homes don’t sell, period. 

That’s why, if you hope to sell your home quickly AND for top dollar, it’s absolutely crucial you price your home correctly from the start. Or, at the very least, be able to identify when you’ve overpriced your home and fix this mistake immediately.

Otherwise, you risk losing buyer interest, sitting on the market, and selling for much less than your home is actually worth.

Could your home be priced too high? Here are seven key ways to tell:

1. You Chose Your REALTOR® Based on (the Highest) Valuation

We understand you want to get the most money possible for the property you’ve known and loved for so many years. And a good REALTOR® knows this.

However, they also…

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Recognized as one of Edmonton’s oldest communities, Glenora hosts the most beautiful historic homes in the capital region. In addition to mature, tree-lined streets, ravine trails and scenic river valley views, this highly desirable neighbourhood also sits close to some of the best amenities the city has to offer.

Did you know? Glenora was once part of a larger river lot homestead, initially owned by Malcolm Groat (Groat Road). 

One-of-a-Kind Home Styles

As we mentioned above, Glenora houses some of the oldest homes in the city – many of which were built before 1920.

Home buyers enticed by the charm of an established character property (equipped with modern amenities) are sure to find what they’re looking for in this renowned community…

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Entering into the Canadian real estate investment market is a great way to boost your finances and generate passive income. However, there’s a lot more to it than simply purchasing a property, making a few changes, then selling or renting it out.

Here are a few first-time investment tips you’ll want to consider in advance.

1. Pay Down Your Debts

Credit cards, student loans, mortgage payments and other forms of debt will have a significant impact on your debt-to-income ratio – thus affecting your ability to save your down payment and obtain a low-interest mortgage. For this reason, we recommend significantly paying down (or clearing, if possible) any high-interest debts before beginning your investment journey.

2. Secure Your Down…

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Westridge is a quiet, family-friendly community located in (you guessed it) Edmonton’s highly popular west end. Flanked by scenic ravine views to the north, east and south, this picturesque neighbourhood has become a popular choice among Edmontonians who love to get out and explore the great outdoors.

Your Choice of Single-Family Home

Although Westridge does offer a limited number of desirable townhome developments, real estate in the area consists mostly of single-family homes. An established neighbourhood, many of the community’s existing structures were built during the 1970s and feature multiple bedrooms (4.5 on average), large lots and ample square footage. Even better, the majority of these properties have been retrofitted to include the…

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Maybe your home is outdated, and you’re tired of sinking money into expensive renovation projects. Or perhaps you’re a growing family who’s walls are bursting at the seams. Whatever the case may be, if your current home no longer suits your lifestyle, it’s time to move up and move on.

However, there’s a lot more to consider than updated features, and a larger floor plan – including your finances, selling your current property and more.

But don’t worry, we’re here to help. Here’s everything you need to know about moving up to your next home in five simple steps.

Step 1 = Determine Why You Want to Move

Take the time to pinpoint your reasons for wanting a new home. Do you plan on expanding your family? Is your square footage large enough,…

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Prepare and protect your home from Edmonton’s sub-zero temperatures with these helpful indoor and outdoor winter maintenance tips:

Inside Your Home: 

1. Reverse Your Ceiling Fans

Using your fans reverse switch, set your fan to turn in a clockwise rotation. This will force the rising heat down and away from the ceiling, keeping your home nice and toasty (without the need to crank the heat).

2. Detect For Drafts 

Speaking of cranking the heat, get a handle on your utility bills ahead of time by checking your home for drafts. We recommend paying particular attention to your doors and windows, as they’re often the biggest culprits of cold air entry.

3. Protect Your Pipes 

Because water expands as it freezes, any remaining H2O in your…

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Greenfield is a family-friendly community bounded by 40th Avenue to the north, 111th Street to the east, 34th Avenue to the south and 119th Street to the west. Located in the southwest subdivision of Kaskitayo, this all-in-one neighbourhood first took root in the early 1960s and continues to be a popular choice among home buyers today.

Did you know? Greenfield was named after Herbert Greenfield, Alberta’s fourth Premier (1921-1925).

Greenfield Homes

Greenfield is known for its quiet cul-de-sacs and single-family homes. Most properties in the area are considered above average in size (but not in price), featuring ample square footage and large lots. And although most homes in the neighbourhood were built over fifty years ago, many have been…

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Recent numbers released by the REALTORS® Association of Edmonton have revealed that Edmonton’s housing market is nothing short of thriving. In fact, despite early market uncertainties as a result of the recent pandemic, the capital region has experienced “record-shattering” home sales over the last several months.

Healthy Market Increases

In September alone, sales were up a whopping 35.55% from September 2019. While there was slightly less inventory available (down 15.15% from last year), the number of new residential listings on market is up both year over year and month over month (10.73% from 2019 and 5.90% from August 2020).

An Uptick in Single-Family Home and Condo Sales 

September also saw single-family home sales up nearly 50% from…

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Pricing your home correctly is the single most crucial step you can take as a home seller.

Underprice your property, and you risk undercutting your home’s true value. Overprice it (which is most often the case), and you’re likely to scare away home buyers – leading to extended days on market and potentially thousands of dollars lost.

Here are the top four reasons why it’s critically important to price your home correctly, right from the start:

Reason 1 = The First Two Weeks Are Vital

The first few weeks on market are the most important as this is when your home will receive the most home showings and inquiries. However, many sellers are tempted to price their homes on the higher end as a means of “testing things out,” believing they can…

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As a mortgage borrower in Canada, you’ll inevitably be faced with the decision to either renew or refinance when your mortgage term expires. For this reason, it’s important to understand the difference between the two so you can choose which will best suit your needs and goals.

Here’s what you need to know:

Mortgage Renewal

A mortgage renewal occurs when your current term expires, yet you still have money owing on your loan. In this scenario, you’ll opt to stay with your existing lender for another term (typically under the same conditions as the one previous), at an interest rate reflective of the current market.

Keep in mind, when your mortgage is up for renewal, you don’t have to stick with your current lender. You may opt to shop…

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