Home Price Appreciation / Depreciation across Canada
That is a great question. For parts of Canada where there are major cities and metropolitan areas, the monthly home price appreciation is not only calculated, it is available online here. (Hat tip to my REALTOR friends in Kelowna for the link to that page.)
Using that online Appreciation map gives us a general idea in the biggest cities in a province how home prices are doing month to month and year to year...and that is good...BUT that does not show us the following:
- How homes are doing in Fort McMurray?
- How is YOUR home doing?
- How much equity do you have in your home?
The good news is that WE can help you with that! Let us provide you with those answers. We are happy to give you at no cost or obligation. Getting started is easy. Simply fill out the information below:
Thinking about going the FSBO route? You don't have to do it alone. A highly-skilled and qualified Realtor is here to help you out! Before you consider selling your house on your own, take the time to read the following reasons why For Sale by Owner listings tend to fail in the real estate market.
Preparing a home for sale properly plays a big role in the success of selling a home. One of the most common reasons why people who attempt to sell their home without the help of an experienced agent is because they have little to no idea about how to properly and effectively prepare their home before it gets listed for sale.
Some of the most important pre-listing tasks that FSBOs should do before listing their home for sale include:
- Freshly painted rooms
- Professionally clean carpets and/or floors
- Complete any neglected repairs
- Replace outdated light fixtures
- Make sure your home has good curb appeal
Screening Potential Buyers
An experienced real estate agent talks to buyers and sellers everyday of the week for a living. This means that they have a certain mastery of how to do this, and they definitely have a keen sense when it comes to screening potential buyers. A perfected craft is always the best option rather than taking a stab at doing it yourself. This is another factor that plays a big part on why FSBO sales tend to fail. The homeowner doesn’t have the same expertise in screening potential buyers like an experienced agent has. They are unable to quickly identify unqualified buyers, because they do not know how to ensure whether...
Current Fort McMurray Mortgage Rate Environment:
The Bank of Canada announced last month that it would be remaining at current interest rates (for now), but those on adjustable mortgage rates and buyers looking for financing are wondering what’s next. Should they lock in? Which is a better option, variable or fixed? If rates climb, how high will they go? How much extra monthly budget should you allocate for mortgage payment interest increases?
The correct answer is - It depends.
The last two times before the latest meeting when the Bank of Canada met, they raised rates. This time they held the line with the overnight rate at 1.00%, due to their concerns about the increasing strength of the dollar along with the ongoing NAFTA renegotiation.
Variable rate holders after the previous two changes had already seen increases in their interest costs since those mortgages are based on prime rate, which is influenced directly by the overnight target rate.
“Competitive variable rates have risen a smidge over 30 bps since the BoC started tightening this summer,” noted Robert McLister, who dissects mortgage rates at RateSpy.com. “That’s less than two rate hikes. The reason it’s less than two hikes is because discounts from prime have noticeably improved.”
McLister's assessment is that for an average borrower, each 1/4-point rate increase is equal to approximately $1,100 in additional interest cost over five years per $100,000 borrowed.
So if you look at your loan balance, and make a guess at the rate adjustment, you can approximate the additional cost. But the big key is this:
Where Do Mortgage Rates in Fort McMurray Go From...
Selling your house? You may be thinking about going down the “For Sale By Owner” route. Here are a couple of things that you need to know before you decide on selling your house on your own.
There are a number of parties involved in a real estate transaction. People with whom you would otherwise not have to deal with if you were to hire an agent to help you sell your home. Realtors act as a buffer in negotiations with all parties throughout the entire transaction. Should you decide on selling your house on your own, here is a list of people that you will have to negotiate with:
- The Buyer
- The Buyer’s Agent
- The Buyer’s Bank
- The Home Inspection Company
- The Appraiser
- The Title Company
With the continuous growth of social media, internet usage, as well as everyone already being equipped with a smartphone, you’ll have to know how to keep up with the ongoing trends to have your house seen by potential buyers.
Nowadays, having an ad on the paper just won’t cut it. With all the technological advancements available, the most popular way wherein buyers search for real estate listings in by doing an online search. These...
Home sellers always aim for one thing - selling their home as fast as possible. In neighbourhoods with lots of homes for sale, sellers must be willing to take their efforts up a notch in order to beat the competition and make sure that their home is on top of every buyer's list. Here are some of the easiest and inexpensive tips on how to achieve your goal in selling your home in no time.
De-cluttering your home gives way for space to be showcased in your home. It gives the buyer an idea of the areas in your home that they can utilize for the items that they'll be bringing in once they move in.
De-cluttering is also a way to eliminate the potential of buyers seeing your home as messy or unorganized which might otherwise cause them to steer clear of putting your home at the top of their list.
- Clear your kitchen counters, night stands, coffee tables, etc.
- Organize closets, shelves and other storage spaces.
- Consider renting a storage unit for the sale period.
A home is one of the most important purchases you will ever make, so the need to make sure that you are getting the best value for your hard-earned money. It is vital for you to be certain that everything in your target home is checked and evaluated before you buy a home.
Enter the value of home inspection. A home inspection is an inexpensive way to become aware of the overall condition of a home. It is important to make sure that you are not making a costly mistake of buying a home that is in need of major repairs or replacements. In line with this, you also need to know the key questions that you need to ask during the home inspection process - and I'm here to sum them up for you.
The inspector should be able to tell you if the home is in a condition that's ready for move-in, or if you still need to do some work on it.
If the inspector tries to get work fixing the problems, you may want a second opinion. The inspector...
How do you stage a home? First, we must learn what home staging is. Home staging is when your home is prepared to be sold in the real estate market. The goal is to make your home appealing to the highest possible number of potential buyers. In turn, you will be able to sell your home fast and for more money.
Here are some of the easiest and most effective ways for you to get started in staging your home.
Nothing else says, "Welcome Home" more than an inviting porch! An updated, easy-to-read house number will make sure that your house is easy to locate. It also immediately gives an impression of a well-maintained home.
If you have a tiny stoop, a clean and cheery welcome mat will do the trick. Add a potted plant in bloom, and you're golden! For porches with more room, a few pieces of furniture will also make a huge difference. A nice rocking chair, a small coffee table and some chairs, or you can also add an outdoor sofa.
Many people thinking about touring your home will often do a drive-by first to see if your home is even worth their time. Make sure that your home is sure onlooker-magnet with these tips:
1. Power wash sidings and walkways.
2. Give your front windows a good wash....