Real Estate Blog

Everything You Need to Know About Buying a Foreclosed Home in Alberta
Foreclosed homes can be attractive to some new Varsity home buyers but not to others. In Alberta, foreclosed homes go up for sale on a regular basis. Foreclosed homes can be a good deal for the right person. If you're a home buyer who is interested in purchasing a foreclosed property, it's important for you to understand what that means. It's also important for you to know what a foreclosed home is likely to be like.

For informational purposes only. Always consult with a certified tax expert before proceeding with any real estate transaction.

How Foreclosure in Alberta Works

It's important to fully understand the foreclosure process. Foreclosure in Alberta begins when a homeowner misses a mortgage payment. The first missed payment is

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Choosing a Home Style? What You Need to KnowBuying a home involves making a lot of choices. For some people, choosing the architectural style is as difficult as choosing the location. There are many varied and interesting architectural styles. Knowing the difference between them can help home buyers choose the right home for them.

Victorian

The Victorian era lasted from the mid 1800's to the beginning of the 20th century. Victorian houses are noted as being multiple storey homes with a symmetrical form. They're known for their creative use of texture and colour on the home's exterior. Strangely shaped shingles and elaborate fretwork are common on these homes.

Victorian houses today can be expensive to maintain, as they come from an older time when insulation was less of a

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Why You Should Use a Drone For Home PhotographyIt’s no secret that when it comes to selling a home that the homeowner needs to ensure that every listing they post has high quality photos so buyers have an accurate representation of what they’re seeing. The classic way of doing this is just for the seller to take photos themselves or hire a professional photographer to do it for them. However, with improving technology comes a new way of taking photos: using drones. Here are some of the different ways drones can be used and why using them can be helpful when selling a home.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

1. Drones Are Affordable

Homeowners don’t have to purchase their own drone

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Remodeling a bathroom may help your home sell faster, but at what cost? Here are some bathroom remodeling projects offering a high-ROI.Many real estate professionals will suggest a bathroom or kitchen remodel as a way to sell a home quicker and for more money. The problem is will the seller get a return on that investment? HomeAdvisor states the average bathroom remodeling project costs about $10,500 and can be as high as $25,000.

A major bathroom remodeling project may be so expensive it may cost the homeowner in the long-run. What most homeowners are looking for are relatively inexpensive bathroom renovation projects that offer a high return on investment. Here are some to consider, some can be done by the homeowner, others by a professional.

Paint and Wall Treatments

You don't get a much easier or less expensive upgrade than a fresh coat of paint. Consider selecting a

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Everything You Need to Know About WinterizingDuring the winter months, homes have a way of getting cold and drafty. Chilly temperatures make problems for homeowners for a variety of reasons. Winterizing at this time of year can save homeowners time and money. If you're a homeowner who would like to take care of your property, here's what you can do to protect your home in the winter months.

Install Weatherstripping

Weatherstripping can take many forms, but commonly weatherstripping takes the form of foam strips installed around window and door frames. Weatherstripping closes the gap between the window and door, thus preventing drafts from making rooms uncomfortable when temperatures outside drop.

>Weatherstripping is easy to install, and can be installed by homeowners without

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Avoid These Bad Home ImprovementsHomeowners need to make periodic home improvements to maintain their resale value. Unfortunately, not all projects fit the bill. Some options do not raise the value enough to justify the expense, while others could actually lower the home's value. Homeowners can help to protect their resale value by avoiding these projects in particular.

Consolidating Bedrooms or Bathrooms

The value of the home relates closely to number of bedrooms and bathrooms. Sometimes, people think that they can attract a larger share of buyers by consolidating smaller bedrooms or bathrooms into a larger suite. In homes of a modest size, this could backfire. Shifting from three bedrooms to two, or from two bathrooms to one, may dramatically lower the home's value no

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Looking for a High ROI? Check Out These Kitchen RenovationsSome renovation projects and upgrades improve the aesthetic appeal or functionality of a kitchen, but will do little to earn back their initial cost. West Hillhurst home buyers may be less than enthused with the new upgrade and a seller may be reducing their profit by investing too much on kitchen renovation projects without a high return.

There are multiple factors that will come into play, such as the time that elapses between when the project was completed and when the home is sold. However, there are some home improvement projects that will give as much as a 64 per cent ROI. Learn more about a few kitchen home improvement projects worth the investment today.

Replace Kitchen Windows

Some updates are not obvious eye-catchers but they

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Everything You Need to Know About Selling a Home Without a Real Estate ProfessionalSelling a home without a real estate agent can be a challenge. Many homeowners underestimate how difficult it can be to list their home for sale, market the home to potential buyers and price the home accordingly. If you're a homeowner who would like to sell your home without help from a real estate agent, here's what you need to know.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

Pricing A Home Can Be Challenging

Picking a price for their home can be difficult for many homeowners. In fact, many homeowners are tempted to charge too much because of their sentimental attachment to their house, while others just find it hard to judge the value of

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What You Should do to Navigate a Bidding WarA home bidding war can be stressful for home buyers, and getting caught up in the excitement can lead to mistakes. Anyone who is trying to buy a home in a competitive neighborhood should have a game plan for navigating a bidding war. This way, if they find themselves caught up in one, they'll be able to control their spending and hopefully make an offer that will be accepted.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

Make the First Offer

One of the easiest ways to win a bidding war is to make a good offer as soon as the home enters the market. Being the first to make an offer on a home usually involves seeing the home first. Home buyers can

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Fact Versus Fiction and Millennial HomebuyersThere are quite a few falsehoods being purveyed about millennial homebuyers, with ‘experts' and armchair statisticians alike purporting to know why this generation is hesitant to buy homes. However, millennials are one of the fastest growing generation of home buyers—far outpacing baby boomers. Here's another dose of reality that debunks three of the most common millennial Lynx Ridge home buying myths.

For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.

Myth: Millennials Hold Too Much Student Loan Debt for Home Buying

The fact is that it's true that about 40 percent of millennials are graduating from college with hefty student loan debt, but this isn't

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