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6 Questions Every Home Seller Should Have Answered

February 8th, 2010 | Posted in Selling Edmonton Home

There are certain questions that come up whenever we’re showing a home in Edmonton, and it really helps us when we already have these answers. These questions go beyond square footage and # of parking spaces. So if you’re planning to sell your home in Edmonton or area, you should look into getting the following answers.

1. How old is the roof?

Specifically, people want to know how long until they have to replace it. Roofing can be a major expense, and as such it will factor into their opinion of value on the house.

2. How old is the furnace? Hot water tank?

In Canada, specifically in northern cities like Edmonton, we take our heat very seriously. I think it’s the whole “freeze to death” fear. So we want to know that there’s a good furnace in there. Ideally we want a furnace that’s under warranty so that when it conk’s out in the middle of January at -35 degrees, we can call someone to fix it and not have to take out a 2nd mortgage to pay the guy. Same goes for the hot water tank. Knowing how old the furnace is counts a lot towards the salability of the home, and being able to prove a reliable and consistent maintenance schedule would be great too.

3. What do the utilities cost?

Similar to point #2 above, utility costs are a big part of our life here in Edmonton. Given the huge expense that a home can bring, it’s only reasonable to be concerned about the other costs.

4. What year is the home? Who built it?

It’s easy enough to find the age of the home, it’s on your tax assessment or previous MLS listings. But like anything else, it’s an important fact to know, as homes from certain age brackets have certain issues that need to be addressed. Asbestos? Aluminum wiring? Pine shakes?

Your home is 50 years old… skip to #5.

But for those of us with newer homes, the name of the builder is kinda important. Like cars, we all have brand preferences. (I drive a Lincoln, my wife is a Honda girl, and we live in an Avi home.) Some brands instil confidence, others make buyers flee with fear. Here’s the problem; what gives confidence to one buyer will cause another to flee. But both buyers will ask the question: Who built it?

5. Is there hardwood under these carpets?

If your home is built in the 70’s, 80’s, 90’s or later.. move along. Nothing to see here.

But for older homes, original hardwood is a big bonus to many buyers. They LOVE it; heck it’s probably the reason they’re buying this home and not a newer one. There’s a charm about beautiful old hardwood that draws people to these older character homes. Here’s the issue; they don’t trust that it’s there automatically. So they usually go to a heat vent and pull up your carpets when you’re not looking. It’s better just to tell them if it’s there; doing so is more gentle on your current flooring than having every single showing result in pulling up your carpets.

6. Which schools?

Having kids made me a better Realtor. Admittedly, having 4 of them in 5 years was overkill.

Knowing which schools the kids will be attending is far more important than just about anything else to a parent. OK, to a mother. Dad’s really just care if there’s a place to hide from the kids (den! Theatre room! Back door!) and a decent garage (to also hide from the kids). But the school question comes up. A lot. Especially in “young neighbourhoods”. A lot. Seriously, at every single house, we get asked “and which school do the kids go to?” Sometimes the answer is: “the same school as the last house we saw that was 4 doors down the street.”

Best to know the 3 levels of schools that you’re zoned for, because seriously… that question will be asked. A lot.

*I was at a Realtors conference in the U.S. in 2009, and many of the MLS systems are starting to allow searches based on school zoning. That’s how important this question is!*

There you have it; your homework if you’re going to be selling your home. While you’re at it, you probably want to know how your neighbourhood is performing in comparison to the rent of the city. You can do that by visiting my Neighbourhood Value Assessment service, which is completely free.

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How Do Realtors Qualify Buyers?

February 6th, 2010 | Posted in Ask John Carle

The question below was sent to my via FACEBOOK, by a great client.

So I’m curious about the ads on TV about benefits of having a realitor: that they screen prospective buyers. How is that done? What info do you get?

- Loretta

Hi Loretta;
It depends on the context and the Realtor, to be honest. Many agents will show homes to anyone anytime anywhere.

Personally, I screen prospective buyers on my own listings by asking a series of questions. For instance:

- Do they have a Realtor already?
- Have they been pre-approved?
- Are they currently renting (with a lease end date) or do they need to sell a home?
- Why are they buying?
- What is it about the specific property that interests them? (Why do they want to see it).

If it’s a buyer that I’d be showing multiple properties to, I ask similar though not exactly the same questions. Unfortunately, when the buyer is represented by another Realtor, my ability to control the buyer and qualify them is obviously limited. That’s where my past experiences with that Realtor come into play.

I’m sure that you don’t recall me qualifying you when we first met, but we did talk about most of this stuff before we went to look at the condos in downtown Edmonton. I just roll it into the conversation, to make it less intrusive.

I hope that answers your question!

John

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Renovating Step By Step – Part 1

February 3rd, 2010 | Posted in Edmonton Home Maintenance, Selling Edmonton Home

‘Tis the season to start renovating. Heres something to think about Bloggers when you decide renovating is the way to go! This is the first of six blogs about renovations. This information was found on the CMHC website (www.cmhc.schl.ca).

Before You Renovate…

Why Renovate?

Everyone has a different reason for wanting to renovate. Sometimes it’s the simple need for a change. Other times, the motivation is more practical. If you wake up one day with a puddle in the basement and a water-stained ceiling, you know you have to act fast.
From the planning stage to the final touches, this guide shares our experience and knowledge with you. And it tells you about some of the first-rate resources we’ve developed to deal with all kinds of renovation issues. In general, there are three types of renovation: lifestyle, retrofit, and maintenance and repair.

  • Lifestyle renovations improve your home­ and your way of life. They might involve building a sun room for pleasure, or converting unused attic space into living quarters to meet your changing needs.
  • Retrofit projects usually focus on your home’s shell or mechanical systems. Examples are upgrading your insulation, replacing your furnace, or putting on new siding.
  • Maintenance and repair renovations protect the investment you have made in your house through activities such as caulking windows, reshingling your roof, or replacing your eavestroughs.

Is Your Renovation Practical?

While maintenance renovations aren’t really a choice — they’re part of owning a home and protecting your investment — lifestyle renovations and even some retrofit plans may not be practical or do-able.

Be clear about your expectations. Learn when to draw the line between what’s desirable and what’s essential.

Almost any renovation will add to, or at least protect, the equity in your home, but kitchen and bathroom renovations and painting normally provide the greatest payback when you sell. If your property taxes and insurance premiums go up, the increase is usually small.

Your Money’s Worth?

Over time, the money you save on heat, light and water by making your home more energy efficient may actually pay for the upgrades. Safety also pays. Insurance companies often decrease premiums when you improve wiring or fire prevention and improve or add a security system.

On the other hand, you can overdo a good thing. If you plan to move within a few years, is the renovation worth it? Will it pay to put on an expensive new addition when your house is in an area of more modest homes?
Payback Range of Typical Renovations
Bathroom renovations (75-100%)
Kitchen renovations (75-100%)
Interior painting (50-100%)
Exterior painting (50-100%)
Ten Average Payback Potentials
Roof shingle replacement (50-80%)
Furnace/heating system (50-80%)
Basement Renovation (50-75%)
Recreation room addidition (50-75%)
Installing a fireplace (50-75%)
Flooring (50-75%)
Constructing a garage (50-75%)
Window/door replacement (50-75%)
Building a deck (50-75%)
Central Air Conditioning (25-75%)

Is your Renovation Adaptable?

It’s best to take the long view when you’re renovating, because your needs are bound to change as time goes by. Try to build the most flexibility and long-term usefulness into your design.

For instance, some day you may want to convert a nursery into a home office. Installing the required wiring now will save you time and money later, and will also add a selling feature if you decide to move.

This kind of planning is part of what CMHC calls FlexHousing. And it’s not just about preparing for future changes. By installing features such as lever door handles, non-slip flooring and extra-wide doorways, you make household activities more comfortable and safer today.

And Healthy?

Planning a renovation is also an opportunity to apply Healthy Housing principles.

The goal of Healthy Housing is to reduce house-hold demands on the outdoor environment while providing a healthy indoor environment — by installing energy-efficient appliances, for instance, or by making the most use of natural light and passive solar energy in your designs.

Choose building materials that help conserve natural resources, such as salvaged lumber and products made with recycled content. Building materials should be durable, easy to maintain, and should not give off toxic gases once installed. Finally, choose and use construction techniques that minimize waste and debris.

The basis of Healthy Housing is to think of your home as an ecosystem­and a part of the larger environment. Incorporating Healthy Housing principles when planning your renovation will help protect your family and community, and could very well help you save money.

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Is Your Realtor a Clown in Disguise?

January 28th, 2010 | Posted in Ummm... Yeah!

Working as a Massachusetts Realtor for the past twenty four years, I have seen just about everything. For Gods sake when I started in the business we carried around a huge MLS book with all the listings that was almost as heavy as an encyclopedia. There was no Internet back then.

In fact in the mid 1980’s we did not even have the modern convenience of a fax machine for a while. Back then when you needed something signed you had to hand deliver it! In many respects things are a lot easier today.

While there have been quite a few changes over the years in the Real Estate business, the one thing that continues to amaze me is how consumers go about picking a Realtor to represent them in the sale of their home.

I am going to bet that most top producing Realtors that are interviewed probably get the listing somewhere between 85-90% of the time. What about the other 10-15%? How many times have you done a presentation for someone selling their home and you did not get the listing?

While monitoring the daily updates for new properties hitting the market you notice the home which you interviewed for has just been added to MLS. You check to see who has listed the property and your immediate reaction is ….WTF??? Sorry to be so braizen but it’s true!

If you are a Realtor reading this article you can probably empathize with me.

You look at the Realtors name and you either have never heard of the person before or you know they don’t do a lick of business.

Just to torture yourself a little further you check out the listing and see the following:

- There are only a couple of pictures of the house posted in MLS.

- The quality of the photo’s absolutely SUCKS. It is obvious to you the agent picked up a disposable Kodak camera on the way to take pictures.

- You read the description of the property and there is barely anything of value. It clearly looks like the agent didn’t care and just wrote anything to fill the space. Of course there is also either bad grammar, spelling mistakes, or the use of abbreviations that buyers have no clue what they stand for.

At this point you may have steam coming out your ears but you decide to go to Google the agents name. Clearly you are expecting to see at least a website the agent owns that markets their listings to potential buyers. NOPE…you see nothing…ZIPPO.

You don’t even bother but you know if you head over to some of the most visited Real Estate sites on the internet like Realtor.com, Zillow.com or Trulia.com, the agent will not have done anything to “enhance” the listing by adding extra photos and having detailed descriptions showing off all the best features of your home.

This is what happens in the 1st week of your relationship with the Realtor you just chose because they either did one of the following:

1.) Lied to you about the value of your home and you believed them.

2.) They charged you 1/2 percent less on the commission everyone else was quoting you. You think you saved money but you just cost yourself BIG TIME because you always get what you pay for in life.

You see a REAL good Realtor doesn’t need to do these things to win business. A true professional goes the extra mile in everything they do. They have a passion for their work and it shows.

So if you are going to be selling your home and meeting with a Real Estate agent you better ask good Realtor interview questions. Don’t get stuck with the Realtor clown above! Do your home work. I can almost guarantee you things are going to get worse from here.

I think most would agree having a burger from a steakhouse is better than McDonald’s. It works the same way picking a Realtor as well. ____________________________________________________________________________________________________ About the Author: The above Real Estate information on is your Realtor a clown in disguise was provided by Bill Gassett, a Nationally recognized leader in his field. Bill can be reached via email at billgassett@remaxexec.com or by phone at 508-435-5356.

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Getting Your Edmonton House Ready to Sell – Part 4

January 27th, 2010 | Posted in Selling Edmonton Home

CMHC’s Homeowner’s Inspection Checklist

This practical, easy-to-follow guide for homeowners will help you identify common house problems and deal with them. In it, you will find illustrated how-to tips offering effective solutions for every room of your house. Use the ordering instructions on the back page of this fact sheet.

When It’s Showtime!

You have inspected your house and taken care of problems. Now you are ready for showings. You will need a plan of action that assigns duties to each family member so the place can quickly be whipped into shape.

Open all drapes, blinds, etc. and turn on lights to make the house bright.
Air out the house to get rid of cooking, pet odours, and so on.
Have fresh flowers in view.
Pick up clutter, and empty garbage.
Make sure everything is spotless.
Set your thermostat at a comfortable level.
Remove pets from the house or put them outside.
If you have an agent, leave when the house is being shown. If you are selling it yourself, you need to strike a balance between being helpful and crowding the buyer.
In poor weather, provide a place for boots, overshoes and umbrellas.
Display photos of the house in summer to show landscaping if selling in the winter months.
Leave out heating and hydro bills.
For those on a septic system and/or well, leave out inspection and maintenance information.
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Annual sales activity in 2009 tops previous year

January 25th, 2010 | Posted in Market Review Edmonton, Real Estate News Edmonton

http://creastats.crea.ca/area/

Annual residential sales in Alberta were up in 2009 from 2008 levels, bolstered by a stronger performance in the second half of the year.

According to statistics provided by real estate boards in Alberta, home sales numbered 3,042 units in December 2009, an increase of 62 per cent from the same month in 2008. Current sales are on par with the month in 2007, but remain below activity in the peak years from 2004 to 2006. Nationally, home sales jumped 72 per cent from one year earlier.

Calgary contributed most to the provincial increase in monthly activity, with a gain of 77 per cent from one year earlier. Sales activity in Edmonton saw an increase of 56 per cent from December 2008.

On an annual basis, provincial home sales were up three per cent from 2008 to 57,786 units in 2009. It was the fourth best year on record for sales activity.

The provincial average price for homes sold in December 2009 was $350,896, up seven per cent on a year-over-year basis. This is the fifth consecutive rise in the average home price. By comparison, the national average price was up 19 per cent from a year earlier to $337,410.

The average price for all homes sold in Alberta in 2009 was $341,201, down three per cent from 2008.

Monthly residential average prices were up from year-ago levels in December in Calgary (+9 per cent), Central Alberta (+3 per cent), Edmonton (+3 per cent), Fort McMurray (+5 per cent), Grande Prairie (+5 per cent), North Eastern Alberta (+2 per cent), and South Central Alberta (+9 per cent).

The value of all home sales in the province totalled $1.1 billion in December 2009, jumping 73 per cent from year-ago levels. Nationally, the dollar volume of all home sales more than doubled from one year ago. The annual dollar value of all homes sold in Alberta in 2009 was $19.7 billion, edging down one per cent from 2008.

Total sales in Alberta numbered 3,333 units in December, an increase of 61 per cent from December 2008. The value of those sales amounted to $1.2 billion, rising 67 per cent from year-ago levels.

New listings on the MLS® Systems of real estate boards in Alberta continued trending downward in December, though the pace of year-over-year declines has slowed considerably. New residential listings were down three per cent from year-ago levels to 3,975 units in December 2009.

The combination of strong demand and fewer new listings continues to draw down the supply of homes available for sale on the MLS® Systems of boards in Alberta. Active residential listings dropped 26 per cent from one year earlier to 16,737 units at the end of December 2009. This is the 10th consecutive decline from year-ago levels.

There were 5.5 months of inventory at the end of December, well below the recessionary peak recorded one year earlier (12.1 months). The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

The combined value of home sales activity in Calgary was $541.8 million in December 2009, a 92 per cent leap from year-ago levels. A total of 1,374 home sales were recorded through the MLS® System of the Calgary Real Estate Board in December, up 77 per cent from one year earlier.

The total value of home sales in Edmonton was $302.6 million in December 2009, rising 60 per cent year-over-year. There were 948 home sales recorded through the MLS® System of the Edmonton Association of REALTORS®, an increase of 56 per cent from December 2008.

Alberta December 2009

Residential MLS®

All MLS®

Average MLS® Price

Calgary $      541,768,225 $    594,084,285 $ 394,300
Central Alberta $       50,952,875 $    65,357,050 $ 279,961
Edmonton $    302,602,292 $    341,875,832 $ 319,201
Fort McMurray $    73,312,073 $    73,312,073 $ 551,219
Grand Prairie $      22,944,467 $      25,588,467 $ 257,803
Lethbridge $      21,551,128 $      23,251,453 $ 224,491
Lloydminster $      11,280,725 $      12,593,071 $ 230,219
Medicine Hat $      17,476,500 $      19,801,700 $ 242,729
North Eastern Alberta $      6,412,500 $      8,216,504 $ 278,804
South Central Alberta $        5,045,060 $        5,852,560 $ 201,802
West Central Alberta $      14,079,550 $      19,903,150 $ 276,070
Provincial $ 1,067,425,395 $ 1,189,836,145 $ 350,896

Important information

Please note the Brooks Real Estate Board Co-operative Ltd. is now called the REALTORS® Association of South Central Alberta.

The average price information quoted can be useful in establishing trends over time, but does not indicate actual prices in centres comprised of widely divergent neighbourhoods, or account for price differentials between geographical areas.

The Alberta Real Estate Association represents over 10,185 brokers, salespeople and affiliate members throughout the province. AREA serves its members through a wide variety of educational programs, publications and special services. REALTOR® is a trademark, which identifies real estate professionals who are members of The Canadian Real Estate Association and, as such, subscribe to a high standard of professional service and to a strict code of ethics.


For further information contact:

Bill Fowler, Director of Industry and Government Relations
bfowler@areahub.ca

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Home Buyers Plan rules: RRSP withdrawal now $25,000

January 24th, 2010 | Posted in Buying Edmonton Real Estate

If you are a first time home buyer, you can now withdraw up to $25,000 (up from $20,000 in 2008) out of your RRSP tax free. If you and your spouse are purchasing the property together, you can EACH withdraw $25,000 from your Registered Retirement Savings Plan investments.

With respect to repayment, the basics are that are you have up to 15 years to pay back your RRSP starting the 2nd year after the year you withdraw the funds. Starting in the 2nd year, 1/15 of your borrowed amount must be paid back per year. If you do not repay 1/15 of the borrowed amount per year, you will be required to add the amount as income when filing your taxes.

Some additional terms to keep in mind;

- You must be a first time home buyer and a resident of Canada at the time of withdrawal.
- You purchase/build the home before October 1st after the year of withdrawal.
- RRSP contributions of up to 90 days before the withdrawal date can be used towards the HBP.

This is one of the only ways to withdraw from your RRSP tax free and a great way to get yourself into the real estate market if you have not been able to save up a down payment another way.

Some may argue that you are missing out on growth in your RRSP while the money is borrowed. However, the other side of the argument is that appreciation of the home and the build up in equity you will see through mortgage paydown may more than make up for lost gains in your RRSP portfolio. And, it goes with out saying that RRSP contributions after purchasing the home should be part of the plan, so eventually you will re-stock your RRSP.

For questions on the Home Buyers Plan, visit the following link, or contact me on my cell at any time at (780) 934-8514.

http://www.cra-arc.gc.ca/E/pub/tg/rc4135/rc4135-e.html

Sarah Dulmage, Realtor
Re/Max Real Estate
(780) 934-8514

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2010 Interior Design Trends

January 23rd, 2010 | Posted in Edmonton Home Maintenance, Sarah Dulmage

In the market for a new home and wondering what to look for in a modern interior? Or, thinking of selling your home and want to update to show its best? These 2010 design trends are what we can expect to see in homes this year;

Going Green to Save Green: Environmental sustainability is everyone’s responsibility, and we can each find our own way to fit it in to our unique lifestyles. One way is to incorporate energy efficiency in to our home, and it doesn’t hurt that it’s easy on the wallet. Solar hot water tanks, energy efficient fireplaces and appliances, environmentally friendly gardening products, sustainable wood flooring (such as reclaimed wood, bamboo or plantation cork) and solar panel sky-lights are all ways that a modern home can run its greenest!

High-tech – “smart” appliances use electronics both for a more efficient operation and to perform functions unheard of only a few years ago: fridges that make dinner suggestions or tell you what you’re out of; ovens and dishwashers that can be programmed to come on at a time that’s convenient for you; built-in computers, televisions, MP3 player docks and many other, now almost routine high-tech functions are demanded by homeowners to meet the needs of their kids that quite simply don’t know life any other way than with technology!

Kitchens – There is one word to describe the colours and tones used for kitchen cabinets and counter tops this year: dark. Mocha stained cabinetry and granite in dark colours dominate kitchen interiors and is in stark contrast to the light cabinetry of recent years. Because of the spaciousness of kitchen floor plans nowadays, the darker tones are pulled off with ease, and give warmth. Glass tile is being used for back splashes and is laid in unique patterns and using colours that draw the eye and add flare! Stainless steel appliances are still King for a reason: not only are they sophisticated, durable and hygienic but they also compliment almost any kitchen style and won’t go out of date any time soon.

Bathrooms – From pretty powder rooms to luxurious, massive, spa-like ensuites, today’s bathrooms are sophisticated showcases where great design meets technological innovation. When will the bathroom stop growing? Not in the foreseeable future, say design experts. Architects and home builders are allocating more space than ever before to master ensuites, and bathroom manufacturers keep figuring out tantalizing ways to fill it. Freestanding tubs – if you have the space – and luxurious walk-in showers (sometimes more than one) are just two of the space-hungry features making these massive, spa-like rooms a destination in the home.

Flooring – long length, wide plank and random width hardwood laid to achieve a natural appearance is popular, as is very dark tones of hardwood. Consumers have become fed up with the characteristics of laminate flooring that causes it to shrink over time, and builders are going straight to hardwood as the flooring of choice. Tile is also a premier choice for kitchens and bathroom floors and mixing and matching of sizes and tones is in.

Paint – Grey is the new neutral! Good-bye taupe and hello to charcoal, gun-metal and matte silver. Grey is an option where an alternative neutral is desired for the home, and when mixed together makes a great palette for a room. Think of grisaille, the technique of paintings or frescoes that are many tints of grey. The effect is subtle, soothing and very chic.

Wallpaper – Gasp! Who would have thought? But, as homeowners look to express themselves within their sanctuary, wallpaper offers a quick way to add variance in colour and shapes that cannot be as easily or economically created with paint.

If moving in to a more updated home is one of your 2010 resolutions, I am happy to show you some modern, newer homes in your price range. As always, I can be reached on my cell phone at (780) 934-8514 for your own personalized tour of your future home!

Sarah Dulmage, Realtor
Re/Max Real Estate
Cell: (780) 934-8514

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Edmonton Real Estate News Roundup – January 22 2010

January 22nd, 2010 | Posted in Real Estate News Edmonton

A collection of real estate news found in the past week.


http://www.cbc.ca/canada/edmonton/story/2010/01/05/edmonton-realtors-2009.html

The year 2009 witnessed an increase the real estate sales In Edmonton. In fact, the sales exceeded the forecast made by the Realtors Association of Edmonton. In spite of the regular ups and downs in the market, December 2009 recorded a 5.4% jump in real estate activity in Edmonton as compared to November 2009.


http://www.cbc.ca/fp/story/2010/01/11/2428773.html

Bank of Canada reveals that real estate in Canada is not sure of a housing bubble. According to their report, existing home sales were up by almost 73% on a year-over-year basis. The recent increase in the sales of homes in Edmonton and other parts of Canada has pushed the builders to increase their pace where making new homes is concerned.


http://www.canada.com/business/Edmonton+realtor+predicts+steady+growth+2010/2437162/story.html

Housing markets are expected to grow in 2010 although runaway sales are not on the forecast. The resale market in Edmonton is expected to be steady and stable and the sales of residential homes might very well reach 21,000 homes in 2010. It has also been forecasted that the condo prices will not be affected in 2010 and will hover around an average of $244,000.


http://www.canada.com/business/Home+sales+surge+cent/2449358/story.html

December 2009 saw soaring home sales with 27,722 homes finding new buyers. Comparatively, this is a 72% increase from December 2008. The national average home price also increased in December 2009 to $337,410, which is a jump of 19% as compared to December 2008. Record sales were witnessed in New Brunswick, Quebec, Ontario, Saskatchewan, Labrador, and Newfoundland.


http://www.cbc.ca/canada/calgary/story/2010/01/09/calgary-real-estate-rise-predicted.html

According to real estate experts, the real estate market in Alberta is on the rebound. In 2010, the market is expected to grow and witness and increase in housing sales by at least 10 percent. This in a way will bring buyers and sellers on an equal footing.


http://www.albertalocalnews.com/reddeeradvocate/news/local/Strength_of_housing_market_questioned_82171477.html

Former MP and best-selling author Garth Turner has warned investors regarding a real estate bubble expected in 2010. He made this statement on the Canadian real estate market on Tuesday January 19, 2009 at the Holiday Inn in Red Dear. Turner also mentioned that the financial crisis started with the real estate in the US, which led to a drop in housing prices. The same situation currently exists in Canada as well.


http://www.google.com/hostednews/canadianpress/article/ALeqM5hYSxVeHnQw1xNm4Ciw4VAF-4CMJA

Housing bubble or not? The Canadian Real Estate Association has forecasted a housing bubble but Bank of Canada is still in disagreement. The Bank of Canada believes that it is still premature to predict a housing bubble even when the Canadian Real Estate Association has provided statistics regarding an increase in the overall housing prices.


http://www.canada.com/news/Edmonton+McCauley+neighbourhood+inundated+with+subsidized+housing/2438741/story.html

Subsidized housing in Edmonton’s McCauley neighborhood is threatening the collapse of the community. Almost 1,621 units amounting to 54% of the homes in the McCauley neighborhood are subsidized. President of the Central McDougall Community League, Warren Champion said, “If you dump all your social challenges into a couple of communities, it doesn’t do the people or the communities any good.”


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Getting Your Edmonton House Ready to Sell – Part 3

January 21st, 2010 | Posted in Selling Edmonton Home

CMHC’s Homeowner’s Inspection Checklist

This practical, easy-to-follow guide for homeowners will help you identify common house problems and deal with them. In it, you will find illustrated how-to tips offering effective solutions for every room of your house. Use the ordering instructions on the back page of this fact sheet.

Now, Let’s Go Indoors

A prospective buyer will usually enter through your front door; so, that is where you should begin your interior inspection. You want your buyer to see a neat, clean, well-lit interior. Get clutter out of sight; ensure that carpets are clean and floors are scrubbed and polished; and that walls and trim show fresh paint (preferably neutral or light colours).

Take a sniff. Are there any unpleasant odours in your home? If so, track them down and eliminate them. Ensure all your lights work and are free of cobwebs. You want your home to look spacious, bright and fresh.

If you have considerable family memorabilia, consider thinning it out. Your objective is to help potential buyers feel as if they could live in your home. That mental leap becomes more difficult for them if your house resembles a shrine your family.

Professional realtors and decorators say the most important areas of your home to upgrade and modernize are the kitchen and bathrooms. Buyers also want to see new or recently installed floor coverings throughout.

General Interior

Check stairs for loose boards, ripped carpeting, and missing or loose handrails and guards.
Most problems with interior walls are cosmetic and can be repaired with spackling compound and paint.
Ensure doors open and shut properly. Minor sticking is normal but excessive binding indicates possible structural problems.
Open and close all windows to ensure they work properly. Fogging between the panes of a sealed window indicates the seal is broken and the unit needs to be replaced.
Keep furniture to a minimum so rooms do not appear smaller than they are. Ensure that traffic can flow in or through rooms unimpeded. If they contain bookshelves or cabinets overflowing with books, magazines and knick-knacks, remove some of these items.
Ensure closets look spacious, organized and uncluttered. Create space by getting rid of old clothes and junk.
Remove or lock away valuables such as jewellery, coins, currency, cameras and compact discs.

Kitchen and Bathrooms

People splash water around in the kitchen and bathrooms so check around sinks, tubs and toilets for rotting countertops and floors. Problems could be due to poor caulking or plumbing leaks. Fogged windows, molds and sweating toilet tanks indicate high humidity levels, which you can remedy with exhaust fans.
In the kitchen, clean all appliances, including your oven. Clean or replace your greasy stove hood filter. Clean your cabinets inside and out, as well as your countertops and backsplashes. Repair dripping faucets.
Remove anything stored on top of your fridge and remove artwork and magnets.
Remove any items stored on countertops.
Remove items stored under the sink.
In bathrooms, scrub sinks, tubs and toilets, taking care to remove any rust stains. Remove mildew from showers and bathtubs. Fix dripping faucets or trickling toilets, and vacuum your fan grill.
Clean mirrors, light switch plates and cupboard handles.
Consider installing new 6-litre toilets if you currently have water-guzzlers.
If you have ceramic tile in either your kitchen or bathroom, ensure grouting is intact and clean.


Basement

The condition of the foundation and main structural members in the basement are critical to the fitness of any house. The purpose of your inspection is to make sure these are sound and durable.

Look for cracks, water seepage, efflorescence (white powder-like substance), crumbling mortar or concrete, and rotting wood. If any of these problems are present, you need to do further research to learn about causes and possible solutions.
If your basement is damp or musty, consider using a dehumidifier.
Like all other areas of your home, your basement should be organized and clutter-free.
Change the filters in the furnace and have it cleaned–this is the number one item purchasers want done after a home inspection.
If you have a pet with a litterbox, ensure the litterbox is clean.

Garage

Get rid of the broken tools, old car parts, discarded bicycles, empty paint cans and the hundreds of other useless items that accumulate in garages. Again, you want a clutter-free zone.
Use cleaning solutions to remove oil stains from the floor.
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