June 2015

There are 17 blog entries for June 2015.

Flipping houses has become an obsession nowadays. All you have to do is, just buy a cheap property, renovate it fast, and then sell it for a tidy profit. While flipping a house, there can be many things that can go wrong in a rush to make profit. Many people have begun to flip houses full time, and some have made tremendous profits. While, others have not been so lucky. This article will help you look at the five biggest mistakes investors make in this market and how to avoid them.

  1. Not Doing Your Homework:

In order to know property prices in your area, you must do your homework and get familiar to what sells before contemplating a flip. If you know what the average three-bed, two-bath house sells for in your area, you will find it easier

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Prime Edmonton Real Estate - Apartment complexes and landlords are among the many businesses that use your credit to approve your application. Different landlords have different credit requirements. Bad credit can cause you to end up homeless, if you're looking in the wrong places. Even if you have a spotless rental history and a substantial salary, some landlords may still deny your rental application if you have stained credit. While other landlords may only be looking to see if you have a previous banishment or other rental-related flaws on your credit report.

If you already have a bad credit history and you're worried that will keep you from finding a place to live, then you can always consider other options:

  • Opt For Rentals That Don't

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Prime Edmonton Real Estate - Many homeowners are unwilling to pay a real estate agent on a home sale that isn't likely too profitable for them no matter what they do, as home prices continue to slump. Most people have heard of the well-publicized statistic that finds that when real estate agents sell their own homes, they tend to keep them on the market longer and get a higher sale price than when they sell homes for the clients. However, there are some less vile reasons why a real estate agent might be able to get a higher price for his or her own home.

  • Evaluating The Property:

Real estate agents know how to evaluate a property in terms of what is likely to garner the highest resale value. Therefore, they can most likely analyze the

1,396 Views, 4 Comments.

Prime Edmonton Real Estate - You are all excited as today is the day scheduled for you to move to your new house. The moving van is completely loaded with all your household stuff and you officially own the home of your dreams. As soon as all the loading is done and you're about leave, your phone rings. It's your mortgage lender and he does not share good news. There are some closing issues that he mentions about.

Fortunately, many of you can avoid these issues with just a few simple proactive measures and a few points of emphasis during the home-buying process. If you've done any of these in the past, it's time to learn from your mistakes: 

  1. You Chose the Wrong Team:

You increase your chances of failure if you approach the home-buying

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Prime Edmonton Real Estate - First impressions are vital in real estate. So if you're looking for an agent, make sure you have the necessary financial considerations in place. If you're selling your house, be prepared to show your home as soon as possible. All this takes time, and depending on the condition of your house and your finances, it could take a lot of time.

Buying a home is a complicated process, as it includes a number of factors that are to be considered for your decision. It is one of the most significant investments you will ever make. Hence, selecting the right real estate agent is utterly important and before you consider who your agent will be, you need to cover the following steps: 

  1. Get Your Mortgage Pre-Approved:

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Prime Edmonton Real Estate - Property taxes tend to rise steadily over time and, even once you pay off your mortgage, the taxes keep on coming. They can be extremely burdensome for a homeowner. Whenever values of homes rise, the property taxes also go up at the same time. But, if your property tax bill has increased significantly, you can certainly make an appeal, particularly if the increase seems out of line with overall appreciation in your area.

Here are some tips that homeowners can follow to minimize the property tax bills:

  1. Appeal Your Assessment:

If you see an error in property card, or you think your assessment is too high, you have the right to file an appeal, and should certainly exercise it. The card includes information

1,502 Views, 1 Comments.

Edmonton home buying

In every home buying transaction, there is a 'jump off' point where  a home buyer makes the leap to purchase the right home. This is often the point where home buyers become the most insecure about their decision.

Is this a good choice?

What could go wrong?

Have I double and triple checked everything I need to?

The key to these answers is your preparation and all the work you have put in before this decision. I would compare it to a long distance road trip. If you have your map and your route in hand, but are you driving down a road you have never been on to a destination you have never been to, how do you know you are on the right path? The answer is in the work you have put in beforehand to make sure you get to the right destination.

1,130 Views, 3 Comments.

Prime Edmonton Real Estate - Buying a home is probably the largest and most significant purchase you will ever make in your life. The entire home buying process gives immense joy to the buyer and at the same time develops equal amount of tension as it involves the law of real property, raises special issues of legal practice, and property related disputes. A real estate lawyer is trained to deal with these problems and has the most experience to deal with them. Although using the services of an attorney can easily add several thousand dollars to the cost of a real estate transaction, it's often considered as money well spent.

Here are a few common problems that some home buyers face and how a lawyer can help you avoid them:

  • Property Transfers:

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To increase the volume of loan production due to the ever-increasing performance pressure on mortgage lenders, concerns in the credit markets and controversy over subprime lending, a growing number of mortgage brokers and predatory lenders are resorting to deceptive practices. These practices range from convincing borrowers to act against common sense to illegal or fraudulent mortgage scams. Although several scams are drafted to prey on first-time borrowers and sellers, these scams are usually focused on people who are attempting to refinance existing mortgages.

Here are a few scams that people generally fall a prey to:

  • Scams Focused on Owners and Sellers:

Many scams are focused on homeowners convincing them to conduct unneeded or

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Prime Edmonton Real Estate - It is quite essential to spend enough time, money and energy while searching for the perfect house. So, by the time you're ready to buy, you'll certainly know a lot about the particular house and also all the other houses that you came across during your search. A small chat with the seller can fill in all the necessary details that help you make a better decision.

Here are some important questions that you need to ask the sellers:

1. Are There Any Neighborhood Problems?

There can be a number of problems or nuisances in the neighborhood including traffic congestion, traffic noise, speeding on community streets, crime rate, bothersome neighbors, poor maintenance and various odors of cigarette, litter, etc. It is

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