August 2015

There are 3 blog entries for August 2015.

 

Home Buyers Conditions

 

Prime Edmonton Real Estate - Once a home buyer has an accepted offer in their hands, it is time to get to the business of satisfying the Buyer's Conditions in order to turn the property from a Pending Sale to Sold. The period of time to be able to satisfy these conditions is negotiated individually within the purchase contract, but in general range anywhere from 5 to 14 days. The length of time agreed upon will need to factor in the number and type of conditions to be satisfied, upcoming statutory holidays, and other factors. It is generally agreed that it is better to have a day or two longer than necessary for conditions rather than creating an overly tight timeline that then needs to be lengthened with an amendment later on. Buyers always

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Real Estate Contract

Prime Edmonton Real Estate - Completing the final acceptance on a home is one of the best feelings for a home buyer. It is exciting, terrifying, and every emotion in between. This is because the dream of buying a home is now much more real.  What many home buyers also need to know is that the process has not stopped there. There is still a lot of work to be done to help protect yourself in your home purchase while staying away from any potential issues.

There are 3 primary areas to work out during the 'pending' period that needs your attention as a buyer. They are 1) ensuring that you get the financing that works for you, 2) making sure that you have detailed information on the home structure itself, and 3) for condo buyers, making sure that you

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Initial Offer

Prime Edmonton Real Estate - When I first jumped into the Edmonton real estate scene in 1997, a home buyer could make an initial offer of 85% or 90% of list price as a standard start to negotiations. This is no longer the case.  Statistics show that over the last few years the average Edmonton home sells for approximately 96.5%-97% of list price. These days it is vital for a home buyer to make an initial offer that is competitive yet protects your interests as a home buyer. But what does this look like in today's market?

Here are some of the factors that influence your initial offer:

Number of Days on Market - A home seller is a lot more receptive to lower initial offers when their property has been on the market for two or three months. They are

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