Selling Your Home During COVID-19

Young couples first home together. Buying real estate during corona virus covid 19 pandemic

Are you thinking of selling your home during the COVID-19 pandemic? 

Right now, many homeowners are concerned about how COVID-19 might impact the ability to sell their home and are thinking about waiting until the pandemic dies down before listing their home for sale. 

 

On the other hand, many others aren’t able to delay the sale of their home. Whether they’ve already purchased a new house, are relocating for work, or are growing their family—selling a home is often something that has a time limit attached to it. 

 

Listing your home for sale during a global pandemic may seem scary, but it doesn’t have to be! In this blog post, I list some benefits to selling your home RIGHT NOW, instead of waiting until the pandemic dies down. 

Young couples first home together. Buying real estate during corona virus covid 19 pandemic

1. There are Tons of Buyers Out There

In the last few months, many potential home buyers have taken advantage of low-interest rates and are pulling the trigger on buying a home. This means that if you choose to sell your home, you’ll have more eyes on your listing, increasing its chance to sell! 

 

For some tips on how to get the most bang for your buck when selling your home in Edmonton, check out this recent blog post of mine that talks about renovating your home for sale. 

 

2. Home Sales are Up Year-Over-Year 

Due to the increase in potential buyers, home sales were up 11% in June and 18% in July year-over-year! This means that your home has a much better chance of selling over the next few months in this market. 

 

The increased use of real estate technology due to social distancing recommendations has made it incredibly easy to view and purchase a new property from the comfort of home. 

 

As a seller, incorporating virtual tours and high quality real estate photos into your listing, along with utilizing old school methods like open houses, gives potential buyers more options to view and assess your home, leading to a better chance of a sale. 

 

For tips on how to leverage technology to make it as easy as possible for people to view and assess your home virtually and remotely, check out this blog post

 

3. Real Estate Professionals are Here to Help

Navigating the real estate market alone can be daunting, especially during a global health crisis. With the help of a real estate agent, you can better understand what your home is worth in the current market, selling it quickly and for the best price. 

 

Your real estate professional will also be able to help you implement any safety precautions necessary, staying up-to-date with Provincial and local COVID-19 regulations during the selling process.  

 

Without professional guidance, home sellers often make mistakes that end up costing them. In this blog post, I’ve listed three of the biggest mistakes people can make when trying to sell their home in the Edmonton area. Check it out! 

 

4. Seasons Greetings 

This year, the spring real estate market was heavily affected by the pandemic. With extra social distancing precautions and uncertainty over the severity of COVID-19, many buyers and sellers put a halt to their real estate plans to keep themselves and their families safe. 

 

To combat the slow spring market, this year’s fall market is ramping up and looking favourable for those buying property or selling their homes. 

 

As fall approaches, both buyers and sellers are wanting to make moves before the snow falls and Edmonton winter kicks into full gear—which means potential buyers are more likely to pull the trigger on purchasing your home! 

 

Do you need to sell your home during the COVID-19 pandemic? As one of Edmonton’s top REALTORS, I have the experience to sell your home for top dollar as fast as possible!
Contact Jeneen by phone: (780) 904-4240 or by email: jeneens@remax.net

Hi, I’m Jeneen Marchant!

I’m here to help you find you during your next Real Estate transaction.
Home ownership is a beautiful thing and I love seeing my buyers happily opening the door to their new home on possession day. I also get great satisfaction from helping my sellers get the best price possible for their home when it is time to move on to another property.

Renovating your home for sale: How to get the most bang for your buck

Renovating your home for sale can increase your home’s value and lead to higher offers, but many homeowners are unsure of what to renovate or where to start.

As you can imagine, home renovations are as individual as people are. Even two homes with the same layouts can have different finishings, natural lighting, or features that make them stand out to potential buyers.

Part of my service as a realtor is coming over to discuss whether any renovations need to occur before we can list your property for sale. Usually, it’s small things like paint touch-ups and decluttering, but sometimes larger projects can get you more bang for your buck!

Here are a few renovations that I recommend when listing your home for sale:

 

1. Painting

One of the easiest ways to upgrade your home without a hefty price tag is to patch and repaint your walls. If you see any holes or cracks in your walls from hanging photos and shelves, or from general wear and tear, fill or patch them before you paint.

Woman reaching up using roller to paint wall

When picking paint colours, try to pick neutral tones like whites, creams, light greys, and beiges. When your home is painted in neutral colours, it will act as a blank slate for potential homebuyers. This allows them to see themselves living in your home and inserting their personal style into the space.

 

2. Decluttering

When potential homebuyers come to view your home, they will want to see every square inch of your space. This means that they will be looking in every nook, cranny, closet, and even the shed.

Living room

Before putting your home on the market, be sure to remove any of the clutter that exists in your home. Tidy up the old shed, clean out your closets, and remove any personal items, like mail or photos from surfaces. It feels good to purge, donate, or rehome any items you do not need or use.

 

Neatly storing items in the corner of a room, the basement, or garage is an option if you have space to put the decluttering pieces you want to keep. And if you do not have anywhere to put these items, companies like PODS allow you to pack it up, store it, and then they move it to your new home.

 

3. Updating Light Fixtures

Another simple way to renovate your home before selling is to upgrade and replace outdated or broken light fixtures. Replacing light fixtures in places like your entryway, kitchen, or bathroom will modernize your home for very little money. All burnt out light bulbs should also be replaced.

A modern loft chandelier made of black wire in a stylish white interior

Before investing in new light fixtures, it is recommended that you chat with your realtor to understand what type of light fixtures are in style and what your target buyer will prefer.

 

4. Kitchen Renovations

If you are willing to invest a bit more in your renovation before selling your home, I always recommend starting in the kitchen. The kitchen is one of the main selling features in a home, so it’s important to ensure that your kitchen appeals to potential buyers.

Kitchen bench

One of the most beneficial kitchen renovations you can do to increase the value of your home is to install new countertops and backsplash. Many buyers prefer granite or quartz countertops and will pay more for a home that already has these types of countertops installed.

 

If you are unsure of what type of new countertops to install, ask your realtor! They will know which countertops appeal most to potential buyers and which will increase the value of your home.

 

However, if the kitchen is just too dated and needs a complete overhaul, pricing the home accordingly will help with your sale without spending money on a renovation buyers may not like.

 

5. Bathroom Renovations

The bathroom is another great space to renovate when selling your home. This could be as simple as replacing hardware like faucets, towel bars, and knobs, or as complex as re-tiling your shower or installing a new bathtub or toilet.

Worker Sealing Ceramic Tiles

Bathroom vanities are surprisingly inexpensive changes that can be updated for a few hundred dollars but will make the bathroom seem like it’s completely updated. Staging your bathrooms with a new shower curtain and towels when listing your home for sale is also helpful.

 

6. New Flooring

Floors that are outdated or that need to be replaced/ refinished are a huge turn-off to potential homebuyers. To get the biggest bang for your buck, we recommend replacing old vinyl flooring in your home with new vinyl, laminate or hardwood floors. Some popular wood flooring colours include white oak, dark walnut, and brown stained oak, and grey vinyl.

Working with laptop on the floor

Again, setting up a consultation for your specific home will help us decide whether the house should be priced to need these updates or if it worth changing the flooring before the sale. After all, the buyer may want a completely different type of flooring and a flooring credit at the time of possession or a price reduction to accommodate this may be the best and easiest option for everyone.

 

Unsure of what repairs or renovations you should be making before you sell your home? Contact me, Jeneen Marchant, Re/Max Real Estate, today for a one-on-one advising appointment! I’ll take a look at your home and let you know what changes I think you should make to put more money in your pocket!

 

Contact Jeneen by phone: (780) 904-4240 or by email: jeneens@remax.net. RE/MAX Real Estate

Hi, I’m Jeneen Marchant!

I’m here to help you find you during your next Real Estate transaction.
Home ownership is a beautiful thing and I love seeing my buyers happily opening the door to their new home on possession day. I also get great satisfaction from helping my sellers get the best price possible for their home when it is time to move on to another property.

This Summer, Go on a Home Shopping Staycation

Since we likely won’t be venturing too far from home this summer due to COVID-19 restrictions, it’s the perfect time to go house shopping in Edmonton!

With tons of new homes on the market and more free time on your hands to scope out new properties, you’ll be able to find your dream home for a great price.

In this blog post, I touch on the advantages for homebuyers in the current real estate market and I give some tips to those who are selling their homes right now. 

Advantages For Homebuyers 

Low-Interest Rates 

For many people, buying a home is the largest expense they’ll ever make in their lives. So, it can be difficult to know when to commit to starting your buying journey. 

If you’ve been thinking of buying a home, now is the time to take advantage of the record low-interest rates available.

 

Want to find out your true affordability?  Don’t just use the online mortgage calculators.  Let me set you up with a great mortgage specialist at your bank (who only deals in mortgages), or a mortgage broker that can shop you around to find the best individual rate and term specifically for you.  

Great Selection of Homes 

With a flood of new properties hitting the market, searching for that place you’ll soon call home is easier than ever!

Right now, Edmonton homebuyers have the advantage of looking at a great selection of properties for sale in our city. Who knows? You might even find the perfect home in your dream neighbourhood! 

 

Tips for Home Sellers  

Curb Appeal 

One of the most important things to do when selling a home in a competitive market is to try and make your home stand out from the rest. An easy way to do this is to make the outside of your home look pristine. 

Before putting your house on the market, give your front yard a little TLC. Try pulling out some of those weeds, mowing your lawn, planting some flowers, or power washing your siding. 

Another great tip to brighten up your home’s curb appeal on a budget is to update your front door with a fresh coat of paint and new hardware. 

 

Eliminate Clutter 

In a crowded market, you want your home to appeal to as many buyers as possible. Buyers may not have the same style or taste as you, so it’s important to make the inside of your home as generic and simplistic as possible. 

You can de-personalize your home by removing clutter and decorative items, taking down family photos, and painting the walls in neutral colours. Let your home be a blank canvas for a buyer to transform into their dream home!

Are you looking to buy or sell a home in the Edmonton area? Contact me (Jeneen Marchant, Re/Max Real Estate) by phone: (780) 904-4240 or by email: jeneens@remax.net.

Hi, I’m Jeneen Marchant!

I’m here to help you find you during your next Real Estate transaction.
Home ownership is a beautiful thing and I love seeing my buyers happily opening the door to their new home on possession day. I also get great satisfaction from helping my sellers get the best price possible for their home when it is time to move on to another property.

Best In Edmonton

Best In Edmonton

I’m so thankful for all of my clients and fellow Realtors that make me love what I do.

 

I feel honoured to be chosen as one of the Best Real Estate Agents by Best in Edmonton!

 

 

Take a look: https://www.bestinedmonton.com/best-real-estate-agents-edmonton/

Hi, I’m Jeneen Marchant!

I’m here to help you find you during your next Real Estate transaction.
Home ownership is a beautiful thing and I love seeing my buyers happily opening the door to their new home on possession day. I also get great satisfaction from helping my sellers get the best price possible for their home when it is time to move on to another property.

Is Now the Right Time to Sell My Home?

covid-19-23

The most common question that I’ve been receiving during the COVID-19 pandemic is: “Should I be selling my home right now?” 

 

Truthfully, there is no right or wrong answer to this question. 

 

The real estate market has never experienced a global pandemic like this before, so we are all learning to overcome hurdles and navigate through this uncharted territory together.  Some people are waiting to sell their homes while others are pushing full force ahead. Regardless of what is happening in the real estate market, there are people that will always have to move.

covid-19-23

In short, selling a home right now might have changed, but it is 100% possible!

 

One way that home sellers can thrive in this new environment is to leverage technology. The idea of in-person home viewings and signings can be uncomfortable for some buyers, so it is imperative that you make it as easy as possible for people to view and assess your home virtually. 

Virtual Tours 

Woman having a video call with man on her smart phone

Virtual tours allow prospective buyers to tour and immerse themselves in your home without leaving their couch. It can introduce the layout and feel of your home in a way that photos just cannot. 

 

Photos, 360-degree perspectives, videos, or an interactive 3D virtual tour are all different ways that properties are being marketed today. We want to use the best ones to showcase your home. 

Electronic Signing Methods 

woman is working on tablet

“E-signing” has been used for years to provide a paperless alternative. Today, to limit the number of face-to-face signings, many real estate agents are moving to electronic signing methods to keep themselves and homebuyers safe. 

 

There are tons of great signing tools and apps available to download that make scanning or signing on the dotted line easier than ever. 

 

Video Calls 

Video calling

Many home sellers value the personal, face-to-face connection they have with their real estate agent. But, since that is not always an available option, many real estate agents are opting for screen-to-screen contact with their clients through video calls through apps like FaceTime, Zoom, and WhatsApp. 

 

Video calls mimic in-person meetings and are much more personal than a phone call, allowing you to maintain a strong connection with your real estate agent throughout the entire home buying or selling process. 

 

Ultimately, it is a home seller’s responsibility to stay updated on Provincial and local COVID-19 regulations to ensure your personal safety and the safety of others during the entire process. 

 

If you are selling your home during this unprecedented time, using a Realtor will ensure that your real estate needs are still being met in a safe and responsible manner.

 

As one of Edmonton’s top REALTORS, I have the experience to sell your home for top dollar as fast as possible! 

Contact me (Jeneen Marchant, RE/MAX Real Estate) by phone: (780) 904-4240 or by email: jeneens@remax.net.

Hi, I’m Jeneen Marchant!

I’m here to help you find you during your next Real Estate transaction.
Home ownership is a beautiful thing and I love seeing my buyers happily opening the door to their new home on possession day. I also get great satisfaction from helping my sellers get the best price possible for their home when it is time to move on to another property.

The Three Biggest Mistakes Sellers Make When Listing Their Home.

Selling a home can be a stressful and emotionally-draining process, especially if you’re selling a home for the first time. 

Without professional guidance, home sellers often make mistakes that end up costing them.  In this blog post, I’ve listed three of the biggest mistakes people can make when trying to sell their home in the Edmonton area. 

1. Price 

The most common mistake people make when trying to sell their home is overpricing their property. 

 

Many home sellers are unfamiliar with the ever-changing housing market in Edmonton and often think that their homes are worth much more, or much less, than they actually are.  The same house can vary by 10s of thousands of dollars in one community, let alone across the city.

 

If your home is overpriced or doesn’t match market value, you risk losing out on potential buyers who will see your home when it’s fresh on the market.  With today’s inventory, buyers will not look at homes that are overpriced as there is just too much selection. The best chance for getting you the most amount of money is when the property is newly listed…so it has to be priced right. 

 

To make sure your home is priced right, the best thing you can do is hire a Realtor and have them give you a market evaluation on your home. They will help you price your home correctly from the get-go, so you can ensure that your home is being seen by as many prospective buyers as possible, and that you are getting fair market value for your home. 

 

2. Condition

When selling your home, it’s your job to make sure that it is in great condition for potential buyers, especially if you plan on showing your home. 

 

Put yourself in the shoes of a potential buyer and think about what easy changes you can make to spruce up your home before you put it on the market. 

 

This could be as simple as giving your walls a fresh coat of paint, steam cleaning old carpets, or giving the backyard a little landscaping love. 

 

If you’re having trouble seeing your home from the buyers perspective, ask a close friend or family member to tour your home and give you their unbiased opinion of what they think could be updated or changed. 

 

3. Marketing  

In order to sell your home, you have to make sure that potential buyers notice it. That’s where marketing comes in! 

 

Advertising your listing online and posting high-quality photos will help garner showings, but marketing a property is way more than this.  It truly takes an experienced Realtor to be able to look for potential buyers, know how to cross-sell by asking the right questions from every inquiry, and so much more!

 

Are you looking to sell your home in the Edmonton area but not sure who to hire? As one of Edmonton’s top REALTORS, I have the experience to sell your home for top dollar as fast as possible. 

Contact me (Jeneen Marchant, Re/Max Real Estate) by phone: (780) 904-4240 or by email: jeneens@remax.net

Hi, I’m Jeneen Marchant!

I’m here to help you find you during your next Real Estate transaction.
Home ownership is a beautiful thing and I love seeing my buyers happily opening the door to their new home on possession day. I also get great satisfaction from helping my sellers get the best price possible for their home when it is time to move on to another property.

5 Ways to Make Your Offer Stand Out

Making an offer on your dream home can be daunting, especially when you are putting a competitive offer on a great home in a desirable neighbourhood. 

In this blog post, I’ve listed some tried-and-true tips for writing a winning purchase offer that stands out among the competition. These are helpful during a multiple offer situation, where you are competing with other buyers for the same property.

1. Make it friendly and personable 

When making an offer on a home, it can be a good idea to write a personal letter to the seller. Introduce yourself to them and tell them what you love about their home, why you want to purchase it, and how you plan to take care of the home once you take possession.  A seller that knows you on a more personal level, and knows you are going to take good care of their home, will be much more inclined to sign the papers over to you.  

I usually write up an email on my buyer’s behalf along with the offer to help win the seller over and show why the buyer is offering what they are.  This has helped me “win” many multiple offers for my clients. 

2. Be flexible 

Selling a home can be just as stressful as buying one, so it’s always smart to try to make the transition as easy as possible for the seller. This could mean pushing back your possession to give them a bit of extra time to move out or even taking out some demands on your end. Being kind and flexible will always set your offer apart from other buyers. 

3. Write down your best offer 

The first offer that you make is your best chance to make a good impression on the seller. So it’s important that your first offer is your best offer – especially when you are making an offer on your dream home. If you are making an offer and know that you are competing against other buyers, figure out the top dollar you are willing to pay for the home and offer that price. 

4. Be ahead of the game 

Sometimes, the early bird really does catch the worm. If you absolutely love a home, one of the best things you can do is to send your offer in as early as possible. With the help of a real estate agent, you may even be able to put in an offer before the property is listed to the public, giving you first dibs. 

5. Get help from an experienced real estate agent 

 

A good real estate agent has the skills and expertise to know how much a home is worth in the current market. With help from a real estate agent, you can make an informed offer that will impress the sellers. Real estate agents are also the first people to know about new listings and can help you put an offer on your dream home before anyone else! 

If you’re ready to make an offer on a home and still need some help in crafting a winning purchase offer, be sure to contact me (Jeneen Marchant, Re/Max Real Estate) by phone: (780) 904-4240 or by email: jeneens@remax.net

Hi, I’m Jeneen Marchant!

I’m here to help you find you during your next Real Estate transaction.
Home ownership is a beautiful thing and I love seeing my buyers happily opening the door to their new home on possession day. I also get great satisfaction from helping my sellers get the best price possible for their home when it is time to move on to another property.

Moving On Up! A Seminar for Homeowners

Need to sell before you buy your next home?This evening is geared to you!

We will walk you through the process of selling and buying your next home with expert advice from some of Edmonton’s top industry leaders.

✓ The process of selling and buying a home.

✓ Mortgage and financing information.

✓ What you need to look for during a home inspection.

✓ What are the legal steps when you are both selling and buying?

Expert Speakers

➡  JENEEN MARCHANT, REALTOR®, RE/MAX Real Estate

➡  MINN COATES,  Mortgage Consultant, The Mortgage Minds Inc.

➡  BRENT PODRUZNY Certified Master Inspector North 49 Home Inspections Ltd.

➡  MOE HOUSEH, Barrister & Solicitor, Healey Law Office

 

What a success!

Thank you to everyone that attended. We appreciate you joining us and we hope you found value from our wonderful speakers Minn Coates, Brent Podruzny, and Moe Househ.

If you would like to learn more about the buying and selling process please send me a text at: 780-904-4240

Jeneen.

Hi, I’m Jeneen Marchant!

I’m here to help you find you during your next Real Estate transaction.
Home ownership is a beautiful thing and I love seeing my buyers happily opening the door to their new home on possession day. I also get great satisfaction from helping my sellers get the best price possible for their home when it is time to move on to another property.

5 Tips Why You Should List Your Edmonton Home For Sale in The Winter

We’ve all heard that spring is the selling season, because generally speaking, homebuyers are looking for homes as the weather warms. 

But, believe it or not, listing your home during the winter can have its benefits! 

If you’re considering selling your home this year, don’t wait for the busy (and crowded) real estate selling season – sell your home before everyone else lists their homes! 

Here are 5 reasons why you sell your home during the winter: 

There’s Less Real Estate Inventory

Traditionally, many homeowners wait until the spring and summer to list their homes for sale because they believe more buyers are looking for their next home during the warmer months.  This increases the chance of selling your home. It is a numbers game: fewer homes for sale = less competition. 

During the winter, many homeowners won’t list their homes for sale, meaning less inventory is available, increasing your home’s chance of selling.  There are always people needing to move whether it be first time buyers, divorces, or military transfers to name a few which are other reasons why you should list your home early to beat the spring rush.  

TIP:  In the spring, we always see real estate inventory pick up which increases the competition for buyers’ attention. List your home early, while there is less choice, increasing the odds of selling your home.

 

Buyers Are More Serious

Buyers that are looking for homes during the winter are more serious and motivated. 

If you list your home during the winter, and one of these motivated buyers is looking at it, chances are they are ready to purchase a home, resulting in a faster sale.  They are home shopping despite colder weather which shows they need to move. Plus you can sell during the winter but move in the early spring depending on what possession we negotiate.

 

Use The Cozy Atmosphere to your advantage 

During the winter, we tend to spend more time indoors, gathering around crackling fireplaces, sipping hot chocolate and baking treats.  

If you’re a homeowner who’s considering listing your homes for sale during the winter months, you can use the season to your benefit by staging your home with a homey and cozy vibe. While the weather outside might be frightful, let your home welcome potential home buyers.

TIP: Keep the home warm, make sure it smells pleasant (wax melts are a great option) and make sure to keep the sidewalk and driveway clear of snow and ice.  

 As a bonus, if there’s snow on the ground, any lacking curb appeal is not as obvious. 

 

More Job Transfers Notifications Means the Timing Is Perfect 

At the beginning of the year, many people start planning to move because of a job transfer. They need a home sooner rather than later and often can’t wait for the spring real estate market. They are motivated and ready to purchase a home, even if there’s snow on the ground.

TIP:  Talk to your REALTOR about any flexibility in your possession terms. Making your home an attractive option does not always come down to price. You may want to be flexible in other terms.

 

Your Curb Appeal May Be More – Appealing…

When selling a home during spring or summer, your home needs to stand out amongst the crowd. For some homeowners, that means putting in a lot of outdoor maintenance to ensure that their homes are in tip-top shape for potential buyers. 

During the winter, it is much easier to maintain curb appeal than it is in the warmer months. You may need to shovel your walks and driveway, but at least you avoid mowing the lawn and weeding the garden.

TIP:  Make sure your walk and driveways are clear of snow and ice. Have your exterior lights on during evening viewings so your home is easy to find from the street.

Use The Winter Season To Your Benefit

There are benefits and challenges to selling your home during the winter, including less competition, motivated buyers, and potentially faster sales. It also presents a unique opportunity to create a warm and cozy environment over the spring or summer.

 

If you’re thinking of selling your home this year, don’t wait until the busy selling season to list your home. Prepare your home for sale right away — before the market is crowded!  The sooner in January or February the better.

If you’re looking for an experienced realtor to help you sell your home in the Edmonton area, give me a call today! 

Jeneen Marchant with RE/MAX Real Estate:
780-904-4240 or email at jeneens@remax.net to get started.

Hi, I’m Jeneen Marchant!

I’m here to help you find you during your next Real Estate transaction.
Home ownership is a beautiful thing and I love seeing my buyers happily opening the door to their new home on possession day. I also get great satisfaction from helping my sellers get the best price possible for their home when it is time to move on to another property.

First Time Home Buyer Tips

walk-out bungalow, 2350 sq ft. 4 bedroom and 3 bathroom

Purchasing a property can be a daunting task, especially for first time home buyers. There are many factors to take into consideration, some of which include location, price, and needs. But there are ways to secure your first home while staying within your budget, and to make sure that you make the right investment.

Buying your first home is an important milestone that requires time and thoughtful consideration. There are many steps that first time home buyers can take to secure a property that will reflect their needs and budget. There are also things that prospective first-time buyers can do to ensure that the property they are purchasing is in good condition and will not require any significant repairs in the future.

1. Start Planning

One of the most important steps that a buyer can take, whether it is their first time or 10th, is to plan their investment ahead of time. This may involve saving for a down payment/ closing costs, and getting pre-qualified for a mortgage to determining how much is needed in order to purchase a property that will suit your needs. These initial steps may vary in time depending on factors such as income/ credit level and the availability of properties in your desired location, but they are critical steps in the home-buying process that all people should consider before investing in a property.

2. Choose the right Realtor

Another important step will be to consult with a professional Realtor (like myself) who can assist you with looking for a property that suits your needs and price range. We have access to every property available (no matter whether it is a for sale by owner or which company it is listed with) and assist with negotiating to come to an agreement that works for both a seller and a buyer…just to name a couple items out of the dozens we do behind the scenes. Professionals in the industry have an in-depth knowledge of neighbourhoods, amenities, whether a property follows city guidelines, what updates are worth the price, and much more. Doing it on your own will mean that you may not be fully informed or getting the best value for your investment.

3. Getting Pre-Approved for your mortgage

A mortgage pre-approval is important because it means your lender has checked your credit and verified your documentation to approve a specific mortgage loan amount.  I always recommend using a mortgage broker that shops you around in order to find the best terms and rates for your needs as going to the bank directly may not be as firm of a number for us to work with.  Let me know if you need some referrals.

This makes buying your home even easier because you will know exactly what you can afford and feel confident when submitting your offer.

4. Finding a home that matches your lifestyle

Part of your first home search will be researching prospective neighbourhoods that you want to live in.  Is it safe, near the amenities that are important to you? Does it match your lifestyle?

For example, if you are a single working person who values convenience, you may want to consider an area that is in close proximity to grocery stores and restaurants, as well as a low-maintenance property like a condo or townhome.  If you have a family or are considering having a family in the future, you may want a property in a suburban area that has amenities for children and families, such as schools and parks. You will want to consider the size of a property and determine how much space you need along with what features will make this home ideal for your wants and needs.

When considering your options, it is important that we search for a property that will meet your needs today and for the next few years.  But keep in mind that things change and people typically live in their first home for 2-5 years before wanting to move or upgrade to fit their new needs or use equity to get closer to their forever home.

Although it may be tempting to purchase a property that is priced lower in order to save money, this may not be the best option for your future satisfaction as a homeowner.  Some compromise might be necessary in the home-buying process, depending on your budget, such as spending a bit more to be able to live in your desired location or choosing a different neighbourhood to save a bit of money.  Balance is key when it comes to finding the perfect first home as it likely is just your entry into home ownership. Focus on finding a property that is ideal for your current needs and budget, and be flexible if needed.

 

5. Property Inspection

After we find you the right home, negotiate an offer, and send the documents to your mortgage broker for final financing approval, the next important step is to ensure that the property you are purchasing is in good condition. Although a property may appear to be in good condition, having a property inspection can notify you of any structural, electrical, or plumbing issues, or just give you a list of small repairs that you can do over time as every home whether brand new or 60+ years old will need some form of maintenance.

Property inspectors are registered professionals with building and/or trade experience.  They always have knowledge of the latest building and safety codes, and what is necessary for the property to have versus suggested to have based on the year built.  I also have several inspectors I have worked with for years to referral if needed.

 

When searching for your first home, concentrate on the practical aspects of your search, such as planning ahead, maintaining your budget, and looking for a safe and secure neighbourhood. Remember to also look for a space that you can envision yourself spending time in and what reflects your needs.

A professional Realtor like myself can help make your first home buying experience educational, positive, and unforgettable.  Give me a call to get Professional Real Estate Advice, Jeneen Marchant, Re/Max Real Estate – (780) 904-4240 . Find me on Instagram

Hi, I’m Jeneen Marchant!

I’m here to help you find you during your next Real Estate transaction.
Home ownership is a beautiful thing and I love seeing my buyers happily opening the door to their new home on possession day. I also get great satisfaction from helping my sellers get the best price possible for their home when it is time to move on to another property.