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Buyers look for neighbourhoods and homes.

From my experience in the Edmonton and St. Albert real estate markets, most buyers may have a good idea what style of home appeals to their tastes, how large a home they need, and extras like garage, yard etc… If they are coming from outside the area, then the search centers on which neighbourhood(s) fits the bill for them.

One thing you can’t change as a home-owner selling a home, is the neighbourhood you are located in. Often young families buy their first home in a newer area with smaller, affordable houses. They get to own their own home, while keeping their mortgage payments affordable.

Fast forward 4 to 5 years. “June and Ward” now have 1 or 2 children, are making a fair bit more income in the household, and they need a bigger home. Sometimes they choose a newer, larger home or maybe an older home in a mature neighbourhood.

The newer home has its advantages with upkeep and area amenities’ while the older homes usually have larger lots, big trees, and nice area parks.

When and where is their next move? Relocated to another city or maybe staying until the kids are grown and move-out? To a bigger house maybe? Could be down-sizing to a condo. Again, who knows?  The skies the limit.

It is often said that Canadians sell and move an average of once every five years.

It’s hard to predict the future, but keeping in mind what your future may hold could help you decide on what kind of home you buy, in a certain neighbourhood, so you can enjoy it for as long as you want without say…out-growing it.

Like you did with that 2-door Jeep that had to go, when the first baby came along. I’ve been there myself.

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