The coming real-estate boom in Edmonton.

March 27th, 2012 by aminasai

Experts predict that there is a coming real estate boom in Edmonton and the time to buy or sell a home in Edmonton or is right now.

The Capital city of the Province of Alberta, Edmonton has a population estimated at 710,000 people but, when you include the greater Edmonton area, that population is closer to 1,040,000. Edmonton incorporated as a city in 1904 with a population of about 8,000 and became the capital of Alberta a year later. Edmonton is known as the Gateway to the North and it is the main land route to the Yukon.

Edmonton is the closest major city to the lucrative oil sands projects in northern Alberta. The projects have attracted almost $140 billion in revenue and new growth to the province, and people are flocking to the area in search of jobs.  With unemployment at approximately 3 percent, Edmonton has redefined the concept of “full employment”; job opportunities far outnumber potential workers.

In the current US real-estate market a housing demand that outstrips supply is almost unheard of but conditions are radically different in Alberta, which is facing a housing shortage and rapid price acceleration, much to the delight of property owners, who haven’t seen values increase by this much since 2006/7.  The population influx has also driven rental vacancy rates to less than 1 percent in Edmonton and the surrounding areas.

The reason for the boom is very simple; the oil sands in Northern Alberta. Almost 70% of these oil-rich areas still remain open for lease and exploration, and the need for skilled workers keep rising.  Add to that the fact that the United States would rather import their oil from Canada and you can see why Alberta has been the largest oil supplier and gas supplier to the US for 6 years in a row.

Adding to the Edmonton real-estate boom is the fact that the city has a thriving post-secondary education sector and also has a large technology sector that employs thousands of people including General Electric, Dell, IBM and Intuit to name a few.

The corridor between Edmonton and Calgary has always been the most important real estate area in the province, and since the oil boom of 1947 started in Leduc the growth has been unstoppable. Traditionally Edmonton real estate has not been as volatile as Calgary, and has not seen their sky-high prices. The oil sands and the 21st Century energy boom may change all that.

Edmonton Real Estate – Why use a RE/MAX REALTOR®

March 26th, 2012 by aminasai

Real estate transactions involve one of the biggest financial investments most people experience in their lifetime. Transactions today usually exceed $100,000. If you had a $100,000 income tax problem, would you attempt to deal with it without the help of a CPA? If you had a $100,000 legal question, would you deal with it without the help of an attorney? Considering the small upside cost and the large downside risk, it would be foolish to consider a deal in real estate without the professional assistance of a REALTOR®.

But if you’re still not convinced of the value of a REALTOR®, here are a dozen more reasons to use one:

1. Your REALTOR® can help you determine your buying power – that is, your financial reserves plus your borrowing capacity. If you give a REALTOR® some basic information about your available savings, income and current debt, he or she can refer you to lenders best qualified to help you. Most lenders — banks and mortgage companies — offer limited choices.

2. Your REALTOR® has many resources to assist you in your home search. Sometimes the property you are seeking is available but not actively advertised in the market, and it will take some investigation by your agent to find all available properties.

3. Your REALTOR® can assist you in the selection process by providing objective information about each property. Agents who are REALTORS® have access to a variety of informational resources. REALTORS® can provide local community information on utilities, zoning. schools, etc. There are two things you’ll want to know. First, will the property provide the environment I want for a home or investment? Second, will the property have resale value when I am ready to sell?

4. Your REALTOR® can help you negotiate. There are myriad negotiating factors, including but not limited to price, financing, terms, date of possession and often the inclusion or exclusion of repairs and furnishings or equipment. The purchase agreement should provide a period of time for you to complete appropriate inspections and investigations of the property before you are bound to complete the purchase. Your agent can advise you as to which investigations and inspections are recommended or required.

5. Your REALTOR® provides due diligence during the evaluation of the property. Depending on the area and property, this could include inspections for termites, dry rot, asbestos, faulty structure, roof condition, septic tank and well tests, just to name a few. Your REALTOR® can assist you in finding qualified responsible professionals to do most of these investigations and provide you with written reports. You will also want to see a preliminary report on the title of the property. Title indicates ownership of property and can be mired in confusing status of past owners or rights of access. The title to most properties will have some limitations; for example, easements (access rights) for utilities. Your REALTOR®, title company or attorney can help you resolve issues that might cause problems at a later date.

6. Your REALTOR® can help you in understanding different financing options and in identifying qualified lenders.

7. Your REALTOR® can guide you through the closing process and make sure everything flows together smoothly.

8. When selling your home, your REALTOR® can give you up-to-date information on what is happening in the marketplace and the price, financing, terms and condition of competing properties. These are key factors in getting your property sold at the best price, quickly and with minimum hassle.

9. Your REALTOR® markets your property to other real estate agents and the public. Often, your REALTOR® can recommend repairs or cosmetic work that will significantly enhance the salability of your property. Your REALTOR® markets your property to other real estate agents and the public. In many markets across the country, over 50% of real estate sales are cooperative sales; that is, a real estate agent other than yours brings in the buyer. Your REALTOR® acts as the marketing coordinator, disbursing information about your property to other real estate agents through a Multiple Listing Service or other cooperative marketing networks, open houses for agents, etc. The REALTOR® Code of Ethicsrequires REALTORS® to utilize these cooperative relationships when they benefit their clients.

10. Your REALTOR® will know when, where and how to advertise your property. There is a misconception that advertising sells real estate. The NATIONAL ASSOCIATION OF REALTORS® studies show that 82% of real estate sales are the result of agent contacts through previous clients, referrals, friends, family and personal contacts. When a property is marketed with the help of your REALTOR®, you do not have to allow strangers into your home. Your REALTOR® will generally prescreen and accompany qualified prospects through your property.

11. Your REALTOR® can help you objectively evaluate every buyer’s proposal without compromising your marketing position. This initial agreement is only the beginning of a process of appraisals, inspections and financing — a lot of possible pitfalls. Your REALTOR® can help you write a legally binding, win-win agreement that will be more likely to make it through the process.

12. Your REALTOR® can help close the sale of your home. Between the initial sales agreement and closing (or settlement), questions may arise. For example, unexpected repairs are required to obtain financing or a cloud in the title is discovered. The required paperwork alone is overwhelming for most sellers. Your REALTOR® is the best person to objectively help you resolve these issues and move the transaction to closing (or settlement).

 

We Offer Edmonton’s Most Sophisticated Property Searching System

We offer the best Edmonton MLS® Search system available. This site updates hourly and provides access to all Edmonton Real Estate. We offer unique access to the Amina Sai’s latest listings. Search Edmonton MLS® Listings

Free Edmonton Home Evaluation

We can sell your home in Edmonton efficiently and worry free , and for top dollar. The Edmonton market moves fast, but we move faster. As a Edmonton Real Estate expert I work to create the most innovative and effective marketing program to sell your home. Edmonton Home Evaluation

 

With Local Edmonton RE/MAX Realtor Amina Sai It doesn’t cost extra to work with the best. It only costs more when you don’t.

 

 

 

 

 

 

 

Buying a home in Edmonton

March 20th, 2012 by aminasai

Let me guide you through the process of buying a home in Edmonton or the surrounding areas.

If you are ready to buy a home or even thinking of buying a home in Edmonton or it’s surrounding areas and are unsure of the process look no further, I am here to help…

You will be joining the ranks of hundreds of families who realize that home ownership offers a number of benefits including building equity, saving for the future and establishing a home your family they can call their own. Your hard-earned dollars contribute to your mortgage, not a landlord’s and over time your home will increase in value and the equity you earn is ultimately yours!

My “buying a home in Edmonton” guide will take you through a step by step process to help you determine the type of home ownership that is right for you. To make your home buying experience as pleasant as possible, I have included informative articles on mortgages, house hunting, making the offer, closing details, moving and much more.

Pre-shopping
Before you start thinking about buying a home in Edmonton, give some thought to your lifestyle, the features you need and want, affordability, and the neighborhoods you prefer. Determining the features that are most important to you will bring you closer to finding your perfect home.

Arranging a mortgage
Prior to buying a home in Edmonton, it is usually recommended to look into getting a pre-approval on a mortgage. As most people require a mortgage to purchase a home, this section explains mortgage types, terms and how to qualify.

Viewing Homes
Choosing a home is both an emotional and a financial decision for your future. By making the most out of your home viewing experience, you can learn how you can avoid costly errors that could lead to future problems.

The Offer
Are you ready to put an offer on a home? This section explains the components of an offer and how it forms an essential part of your purchase.

Closing
Buying a home in Edmonton is more than simply picking your dream home. This section will explain the importance of hiring the right professionals to ensure you are legally protected.

The Move
Are you looking for tips and tricks on how to make your move more manageable? This section offers insights on how to make the most of your move.

Have a browse through the properties I have listed and lets get you through the process. Click here and lets start buying a home in Edmonton.

With local Edmonton Remax Realtor Amina Sai it doesn’t cost extra to work with the best.
It only costs more when you don’t.
I make buying a home In Edmonton, worry free.

Amina Sai, RE/MAX Elite
17-8103 127 Avenue, Edmonton, Alberta, T5C 1R9
Tel: 780.406.4000 Cell: 780.905.5566 Fax: 780.406.8777
The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the REALTORS® Association of Edmonton
MLS® MLS REALTOR® Realtor
Trademarks used under license from CREA