6 Tips For Staging Your Edmonton Home This Winter

Mon, 05 Nov by TruHome

If you have been thinking about selling your Edmonton home this winter, be sure to keep these 6 tips for staging in mind:

Create Winter Curb Appeal

Edmonton winters are both picturesque and cold. Use that to your advantage when staging your Edmonton home this season. Start by maintaining safe walkways, steps, and entryways. Not only will clear walkways look more appealing, removing snow and de-icing will ensure Edmonton home buyers have easy access to your home. Scrape walkways and steps and sprinkle them with sand or salt. Be sure to clear a path from the street to the walkway so visitors aren’t wading through drifts. The snow may be falling but visiting Edmonton home buyers shouldn’t be.

Plan for Winter Clothes


To enjoy winter here, cold-weather clothing is essential. However, often front entrances become cluttered with soggy heaps of mittens, scarves, and boots. An organized entrance is more inviting so hang up coats and leaving room for visitors to hang theirs as well. Keep a rubber mat by the front door for storing winter boots, regularly vacuuming sand or gravel tracked in from outside and mopping any water left behind. Consider using decorative bins to store your hats, scarves, and mittens. A tidy entryway makes the best first impression.

 

Give Buyers a Warm Welcome


Homes become sanctuaries during the chilly winter months so stage and decorate your Edmonton home accordingly. Create layers of comfort by adding area rugs, throw blankets, and pillows. Use bedding appropriate for winter. Set the thermostat to a comfortable temperature. If you have a gas fireplace, turn it on before an open house or showing. Place seasonal floral center pieces on tables and countertops. The warm, inviting atmosphere will leave a lasting impression on Edmonton home buyers.

 

Light Up Your Edmonton Home


You want to show your home in its best light so try to schedule showings during the day. Brighten rooms by opening curtains and washing windows. Some buyers will need to see your Edmonton home in the evening so clean all light fixtures, lamps, and bulbs to ensure they are as bright as possible. Also replace any burnt or weak bulbs. Think about adding lighting to dim areas. If you can, set up indoor and outdoor lights on a timer so your home will always be bright and welcoming.

 

Keep it Cozy


You want rooms to appear cozy, inviting, and warm so your home becomes the perfect respite from chilly temperatures. Place wine glasses and a bottle of wine on the counter, toss fluffy throws across the arms of your sofa, set your dining room table for a dinner for two. In the bedroom, put a breakfast tray on the side table set with a coffee cup on a clean napkin next to a book. Buyers will have no trouble imagining themselves in your home.

 

Show-Off Your Summer Yard


Don’t miss the opportunity to highlight your outdoor living space in the summer. Display pictures of your yard in a photo album, standing frames, or with larger prints on standing easels. Use bright shots of your outdoor spaces taken during other seasons. Show off your garden, landscaping, or deck. Let Edmonton home buyers see your pond, fire pit, or pool. Evoke a sense of summer around the photos by placing vases filled with flowers around them. This will help buyers imagine how they might enjoy the home in warmer months.

Wondering what your Edmonton home is worth? Let’s chat, we would be happy to provide a complimentary Edmonton Home Evaluation. Selling your Edmonton home has many advantages, to learn more, be sure to download our paper on the benefits of selling your Edmonton home this winter and 10 mistakes to avoid. 

5 Reasons Why You Should Consider Living In Bonnie Doon

Thu, 02 Aug by TruHome

Have you considered the community of Bonnie Doon as your next Edmonton home destination? There are various reasons why, Bonnie Doon is an ideal place to call home. Here are a few of our favourites:

Commutability: Close To Everything, But Still Maintains It’s Own Sense Of Community

Bonnie Doon is situated in a fantastic location in Edmonton. It is 15 minutes from downtown Edmonton by both bus and car. It is situated along 82 Avenue (Whyte Avenue) making a quick commute to the popular shopping, nightlife destination and to the University of Alberta’s main campus. It is a few minutes away from 75th street to the southside and Wayne Gretzky Drive to the north and can easily get you to the Anthony Henday and Sherwood Park’s Wye Road. Talk about convenient.

Family Friendly: A Great Place To Raise Your Family

For parents with children under 6 years old be sure to attend the Bonnie Doon playgroup every Tuesday from 9:00am – 11:00 am. The playground situated beside Bonnie Doon Hall  was rated #5 by Today’s Parents who felt it was a “must-visit”  playground for a “little one whose playground specialty is climbing”. There are also 2 schools in the community, Rutherford School for elementary and École Maurice-Lavallée for high school. It is also the location of the University of Alberta’s French campus: Faculté Saint-Jean.

Culture: Bonnie Doon Is Rich In History & Culture

Originally named after “a phrase in a Robbie Burns poem” which refers to a beautiful Doon river in Scotland, the community was named by Alexander Cameron Rutherford, a Scottish descendent born in Ontario who owned land east of Mill Creek.  While, Bonnie Doon may originate from Scottish descent, it is truly known for it’s French culture and heritage. In Edmonton, Bonnie Doon is home to many Francophone institutions and claims the title of the French Quarters. Walk around the beautiful campus, or visit La Cité Francophone and the delicious Café Bicyclette.

Nature: Situated Along MillCreek

What could be better then enjoying a hike with “man’s best friend” or a bike along a beautiful ravine. Mill Creek offers a gorgeous place in the heart of the city to experience absolute beauty. Mill Creek is also home to a fantastic outdoor swimming pool, offering fun for the whole family.

Bonnie Doon Real Estate: A Great Selection For All Types of Edmonton Home Buyers

When it comes to Edmonton real estate, Bonnie Doon has become a popular choice for Edmonton infills. That being said there is a wide range of prices and styles, allowing for a lot of choice when buying a Bonnie Doon home. Bonnie Condo’s start below $200,000 and go upwards with the latest luxury condos: Cascade Luxury Condos featuring concrete and steel construction. In terms of houses, you will find a wide selection of new Edmonton duplexes, however, original bungalows can still be found starting below $400,000. Of course, for a more luxury find, there are larger single family homes starting in the mid $500,000’s and ranging higher due to renovations completed, location of lots (some are situated along Mill Creek or offer larger lot sizes) and newer builds. Whatever you are looking for, Bonnie Doon is a great community to find your next home at. Discover all Bonnie Doon Homes for Sale today.

10 Things You May Not Know About The Valhalla Condo In Oliver

Fri, 08 Jun by TruHome

1. You’ll Love The Viking Theme

According to the Encylcopedia of Brittanica: Valhalla, Old Norse Valhöll, in Norse mythology, the hall of slain warriors, who live there blissfully under the leadership of the god Odin. Valhalla is depicted as a splendid palace, roofed with shields, where the warriors feast on the flesh of a boar slaughtered daily and made whole again each evening. They drink liquor that flows from the udders of a goat, and their sport is to fight one another every day.

The Valhalla in Oliver, lives up to this name with playful Viking imagery through out the building and with its other aesthetic elements.

2. The Valhalla Is Pet Friendly

That’s right, this building welcomes your furry friends, including larger size dogs. Man’s Best Friend offers a wonderful opportunity to say hello to your neighbours.

3. The Valhalla Is Child Friendly

This building is extremely inclusive and definitely checks off “positive” points with the Child Friendly Housing Coalition of Alberta. As more families want to stay in central Edmonton, condos are becoming more of a norm when raising your family. It is great to know, that if you choose to buy in the Valhalla, you’ll never be pressured to leave if you find out your expecting.

4. The Valhalla Offers Incredible Views

To the south of the Valhalla Condos in Edmonton, you have our unbelievable river valley and to the north you have panoramic views of downtown. No matter which direction you face, the units in the Valhalla offer bright, open windows and gorgeous views.

5. The Valhalla Cares About Your Safety

Based on the efforts made to ensure the safety and welling being of their residents, you could say the Valhalla is as safe as Fort Knox. The building had a huge audit done, including seeing if a person could scale up to the large communal deck facing the river valley and trust us when we say they could teach other buildings strategies for maintaining a safe and peaceful building. Experience, new and increased lighting, new door latches, new fencing and a whole bunch of over cool stuff (well cool if you understand the nuances of this).

6. The Valhalla Supports Alternative Transportation: Bikers Welcome

Want to live in central Edmonton and prefer to bike everywhere? The Valhalla Condo in Oliver has you covered. There is no reason you have to store your bike in your condo or track up the elements to your floor, when there is a bike room in the parkade and hooks available for bikes in each parking stall. For those who can’t live without your car, they also offer a tire storage room for your winter/summer tires.

7. People Who Live In The Valhalla Are Social

It isn’t often when you find a larger building with a great sense of community belonging. At the Valhalla, residents are encouraged to get together every once in a while with offerings of Christmas movie nights, annual “yard” sales and even the option to pay for yoga classes available right in the building. There are also great gathering spots including a place to play pool, a breathtaking patio to hang out on and even social room you can book for events or get-togethers.

8. You Don’t Have To Leave To Work Out

No need to pay for a separate gym membership, when everything you need is right in your building. Enjoy the work out equipment where you have the best views in the city. Who wouldn’t want to work out while looking at the River Valley. Not to mention, if you enjoy swimming, this is one of the few private buildings that has maintained an amazing pool for residents to enjoy. Truthfully, I’ve been tempted to visit and get a work-out/swim in because it really is that nice.

9. Overall The Valhalla Is A Well Maintained Building

You may not be buying new here, but you are buying a piece of Edmonton history in a building with a great condo board that is doing a good job of maintaining and upgrading the building. Many of the major upgrades have been completed and a good portion of the condo fees are dedicated to the reserve fund for long term planning and peace of mind for residents.

10. Ideal Spot In Central Edmonton For Urban Nature Lovers

Located right on the River Valley, the Valhalla is perfect for those who love to get out and enjoy Edmonton’s scenic river valley. Whether you like jogging, cycling, or even segwaying with River Valley Adventure Co., Edmonton offers a true gem of outdoor delights.

 

We can’t say enough wonderful things about the Valhalla, however, there is 1 more benefit – you can move into this building between the low $200,000 and mid $300,000’s. This make this condo a perfect for first time home buyers, people looking to down-size and even investors. Take a look at the Edmonton Condos For Sale In The Valhalla today.

 

 

Buying An Edmonton Condo

Fri, 11 May by TruHome

Are you ready to purchase a new home and are considering the Edmonton condo lifestyle? There are different requirements that must be considered when choosing to buy a condo compared to a standard single family house? Furthermore, there are different things you need to know about when buying an Edmonton condo.  These are all important items to consider and are something that you real estate agent can walk you through in more depth. However, there are several answers that you can find via this article.

How to Choose an Edmonton Condo

When it comes to condos, you are going to find that there are several that are available that are going to fit the style that you have, the budget that you want, and the type of lifestyle that you want. It is important to note that when you purchase a condo, you are purchasing the unit that you want, along with shared ownership of the common property that is in the area. Your unit is going to be like your own little house, thus you are responsible for its upkeep just as you would be if you had purchased a house that sat on its own.

There are basically two types of condos that are out there:

Conventional condo: This is the most common and refers to a condo that is located within a large building. Those who purchase here have ownership of everything inside their unit and shared ownership of the common property that may include air conditioning, plumbing, fitness centres, pools and the like.

Bare Land Condos:  Unlike a conventional condo, where the boundaries of unit are wall to wall, a bareland condo is defined by a parcel of land in which the units boundaries are defined by reference to survey markers. Often times, a bareland condo will contain a structure (home) on it such as a townhouse, duplex or detached home. Depending on the corporations bylaws, an owner will typically have greater responsibility for their unit such as landscaping, exterior repairs etc.  In some complexes, bare land condos will feature enhanced shared amenities such as pools, fitness centres etc. 

Should You Buy New?

When condo shopping, one of the biggest questions that you will be asked is whether you want a brand-new unit that no one has lived in or in buying one that is used and has been lived in? Buying new is often a dream of many people, however, they need to truly understand what they are going to be gaining and losing in buying new. The drawbacks of buying new include:

  • You may have to wait for months for the condo to be complete
  • You may be relying on drawings and 3-D constructions of what you are buying rather than seeing it in person
  • Move in dates are flexible with a new condo
  • When buying new you are responsible for paying gst.

 

The pros of buying new include:

  • It is move in ready once it has been complete
  • You may be able to customize features when buying
  • You get access to a new home warranty coverage (10 years)
  • You may find something that is more modern compared to buying one already on the market

A resale Edmonton condo can be a great option for those who are not interested in a new condo. However, this also has pros and cons as well. The pros for buying a resale condo include:

  • You usually get to move in sooner since you are not having to wait for construction to be complete
  • You can physically see the unit and know what you are getting
  • You can talk with others to see if the complex is something that you are going to be interested in

The cons of buying a resale include:

  • The unit may need renovations since it may be older
  • The amenities of the condo may be limited if it is older

 

Documents Needed for Purchasing am Edmonton Condo

There are several documents that you are going to need in order to purchase a condo. These documents will differ based on whether you are buying new or buying resale. However, some documents that may be required include:

  • A purchase agreement
  • By-laws of the condo
  • Home warranty insurance contract
  • Annual General Meeting of the condo board
  • Management agreement of the condo board
  • Certificate of Title
  • Condo Minutes 
  • Insurance coverage
  • Real property report
  • Reserve Fund Study

At TruHome, we understand the in’s and outs of buying an Edmonton condo and would be happy to walk you through the process, including what you will need based on your personal situation and what type of condo you are interested in buying.

 

Tips for Buying a Condo

For those who are ready to buy an Edmonton condo, here are a few tips that can make this process easier and allow you to find the condo that is going to be a great fit for you in the future.

  • Be sure that you fully look at the property if you are buying a resale. What do you like about the area? Are there things that you dislike? Do you think you can live with these dislikes?
  • Be sure to talk to current condo owners in the area when buying resale. You need to know whether you are going to like living here due to the neighbours. Those who live here already can be a great source of what the feel of the area is.
  • When buying new, be sure that you study the blueprints and proposed outlines of what the condo is going to be like.
  • Consider whether you like the actual land location of a new condo before committing to buying this.
  • Be sure to work with a real estate agent in either case, whether you are planning on buying a new condo or reselling one. You will find that the knowledge of a real estate agent can help save you from a potentially huge costly mistake in the future.

 

Buying an Edmonton condo is not very different from buying any other home on the market. You simply have to find the one condo that you love and can picture yourself in for years to come.

Explore all Edmonton Condos here. Have an Edmonton Condo question? Let’s Chat!

What are the Benefits of Getting an Edmonton Home Inspection?

Thu, 03 May by TruHome

There is a lot to consider when going through the home buying process. The process can be intimidating for anyone, and that is especially true if you are getting ready to make your first purchase. With so much money on the line, it is easy to get overwhelmed at one point or another. However, if you are going to cross the finish line successfully – that is, with the keys to a great home in your hand – you need to keep a cool head and take it step by step.

Looking for more insight: Download Our Edmonton Home Buyers Guide: First Time Home Buyers

In this post, we are going to talk about the benefits of getting a home inspection before you complete your purchase. This is an important topic because some buyers – especially first-time buyers – consider skipping this step to streamline the process. Often times, this would be a mistake. Sure, you could save a little bit of time and money if you skip the inspection, but those savings will not be worth it in the long run. Working with an experienced home inspector is a wise decision, as it will allow you to eventually buy a home you love with total confidence.

Know What You Are Getting

The main reason that you will want to go through with a home inspection is so you can know exactly what you are getting into when you buy a house. No home is perfect, so something is likely to come up during any inspection process. The key is to pay attention to the details. Are these small points that can be easily rectified, or are these major issues that will impact the long-term health and stability of the structure? Once you have a completed home inspection in hand, you can read it carefully and decide if you are still interested in pursuing the property.

Adjusting Your Offer

Once you have settled on a home that you would like to purchase, the next step is usually to make an offer. There will be a listing price attached to the home, of course, but that doesn’t mean you need to offer that exact number. Typically, you will work together with your agent to come up with a competitive offer, based on things like other sales in the area, the perceived competition for the home, and more. It’s always a tricky process to come up with the right offer, as you don’t want to go too high or too low. Offering too low may mean the home goes to another buyer, while coming in too high will cost you more money. The value of an experienced real estate agent really comes into play here.

If your offer is contingent on a home inspection, which it should be, you will have the opportunity to bring in an inspector after the offer has been accepted. When the inspection is complete, you can go over the report with your agent to discuss potential changes to your offer. If the inspection went well and there were no major issues to deal with, you may decide to just leave your offer as-is. Or, if there are some problems that need to be addressed, you can decide how you would like to move forward.

In most cases, you will pick between one of two options. First, you may decide to ask the seller to make the necessary improvements to the property before closing the sale. In this case, your offer won’t necessarily change, as you will simply request that the seller pays for the work that needs to be done. On the other hand, you could tell the seller that they don’t need to worry about the work, but you are going to lower your offer by an appropriate amount instead. Then, after you take ownership of the home, you can have the work completed. Both of these approaches can work, so you’ll need to pick the right one based on the details of your situation.

Don’t Be Distracted

When you first walk through a home that is for sale on the Edmonton real estate market, you might be impressed with its appearance. Everything has been cared for nicely, the surfaces are clean and tidy, and the landscaping around the home is kept up as well. All in all, the home looks to be in great shape. Unfortunately, this first impression does not necessarily reflect the actual condition of the home.

Many homebuyers have made the mistake of thinking that a home which looks great to the naked eye doesn’t need to be inspected. Nothing could be further from the truth. It is possible that issues are developing behind the scenes, without the homeowners knowing about any problems. Or, it is possible that the homeowners do know about some issues, and they are hoping to sell the home to someone who won’t bother with an inspection. Either way, you don’t want to find yourself in a position where you buy a home based on its appearance only to discover later that the structure has serious problems which will be expensive to correct.

The Other Side of the Coin

So far, we have been talking about home inspections from the perspective of a buyer. But what if you are the seller? Does it make sense to pay for an inspection of your own home before you sell it? Believe it or not, this might be a good idea, depending on your circumstances.

The main benefit here is avoiding those adjustments to an offer that we discussed earlier. If you have already had an inspection performed, and you have taken care of the issues that come up, it is likely that a buyer’s inspection will come up clean. That means you won’t have to accept any reductions to the offers you receive, and you may wind up making more money in the end.

When a home is going to change hands, an inspection should not be seen as an optional part of the process. There are huge benefits attached to having an inspection performed, and the cost of bringing in a professional to do the job are relatively low. With so much money at stake for both parties, opting for an inspection is an easy choice.

Looking for more advice on buying an Edmonton home and where to find a great home inspector? The TruHome Real Estate team can assist you with this and more! Let’s chat.

TruHome Found: Sold In Regent Century Park Condos

Mon, 23 Apr by TruHome

We were so excited to have had the opportunity to help these buyers relocate back to Edmonton. Not only did we find them a fantastic condo, we also ensured they got a very good value on their home purchase. Regent Century Park and One Century Park is a beautiful condo community in the south west region of Edmonton with unbelievable access to the Edmonton LRT system, making it a great place to live and commute. Congrats David & Haewon – we are so happy for you both!

Looking for a condo in the southwest of Edmonton check out the options in this great condo complex:

View all condos for sale in Regent Century Park

View all condos for sale in One Century Park

Real Property Report vs. Title Insurance

Thu, 19 Apr by TruHome

When you get deep into the process of buying a property, you will start to deal with some topics that you may not have been familiar with previously. For instance, the subject of Real Property Reports and Title Insurance will likely come up. What are these? Is one better than the other? Are they necessary when you are purchasing (or selling) a home? Let’s take a closer look to provide you with some clarity on the matter.

The Basics

First up, we’ll talk about Real Property Reports. These are legal documents that provide critical information about the property in question. Specifically, they will outline the precise boundaries of the property, along with the location of any buildings (known as improvements). Rather than just assuming that you know where a given property begins and ends, the Real Property Report will take any guesswork out of the equation. You will be able to look at this document and confirm that the property is exactly what you believed it to be.

Title insurance is a little different. As the name ‘insurance would indicate, there is some protection that comes along with this policy. If you have title insurance, you are protected in the case that some of the improvements on a property do not actually comply with zoning laws. You may just assume that a property you purchase will be in compliance with the local laws, but that might not be the case. When you carry title insurance, you may have financial protection if you have to make changes to your property in order to become compliant with the laws.

It might help to walk through an example to better illustrate this concept. Let’s imagine you purchase a property with two different structures (improvements) on the land. One of the structures is the main home, while the other is a shed/storage building. There is nothing wrong with the home from a zoning perspective, but you find out later that you are not allowed to have an additional building in the location of the shed. That means the shed must come down, and completing such a project is not cheap. Without title insurance, you would be stuck to foot the bill all on your own. If you do have title insurance in place, your policy should cover the cost of bringing your property up to code.

Not the Same Thing

It should be clear by this point in the article that Real Property Reports and title insurance are not the same thing. They do deal with the same general subject – making sure the property that you purchase is compliant with local zoning requirements – but they perform their functions differently. The Real Property Report is just that – a report. It doesn’t provide you with any coverage, but it does provide you with valuable information. With title insurance, the story is the opposite. You really aren’t learning anything about your property, but you are getting coverage in case something comes up down the line.

Time is a Factor

One of the things to consider when thinking about Real Property Reports and title insurance is the fact that getting an RPR takes time. You might not be able to get one quickly, so the entire process of purchasing a home could be delayed as a result. And, if you as the buyer request an RPR, you could be at a disadvantage compared to other potential buyers. If the homeowner has other offers, and one of those offers doesn’t ask for an RPR, you may lose out on the home altogether. In theory, a seller should have a valid RPR available as it considered a normal closing document, however, this is not always the case.

The beauty of title insurance is the speed. You or the seller will have to pay for this policy, however once purchased, you should be able to close your deal promptly, without any delays. In addition to providing coverage for issues that would come up during the creation of a Real Property Report, title insurance also provides coverage that goes beyond the scope of an RPR. So, even with an RPR in hand, there is still an argument to be made for purchasing title insurance.

Not an Either-Or Situation

You don’t have to pick between one or the other in this discussion. There is plenty of room for Real Property Reports and title insurance to exist side-by-side. In fact, that is often the best solution in the end. The Real Property Report serves a valuable purpose, and it can give home buyers important peace of mind as they make an offer and prepare to close a deal. However, title insurance has its own peace of mind to offer, and it lasts for the entire duration that the buyer owns the property in question.

As is always the case in real estate, every situation is unique. If you are getting ready to make an offer on an Edmonton home, you will want to think about the details of your situation before deciding how to proceed on this part of the deal. For example, if you are buying a property that has a recent RPR in place, and there are no obvious trouble spots to worry about with regard to zoning, you may feel comfortable going without title insurance. Or, if there is no RPR and you don’t want to delay the sale by asking for one, you might opt for title insurance to hopefully cover your bases. It is impossible to provide advice that would apply to all situations, since each real estate transaction is different. If you have questions, your agent and lawyer are great resources for information.

When you enter the home buying process, it is important to have as much information on your side as possible. Real Property Reports and title insurance might not be the most important part of making a deal, but they do matter. If you have any remaining questions, speak with your agent about the pros and cons of having an updated  RPR, as well as the pros and cons of carrying title insurance. In the end, make the decision that gives you a good feeling about the purchase as a whole.

 

TruHome is a local Edmonton real estate team: hyper engaged in the city of yeg and here to help you with all your buying and selling needs. Let’s chat!

What is a Real Property Report and Why Do I Need It When Selling?

Thu, 05 Apr by TruHome

If you are getting ready to sell your home, you have a lot of work to do. First, you will need to get the property ready to put on the market. That might mean cleaning the home inside and out, addressing any maintenance points that need to be handled, and finding an agent to help with the sale. Also, you will want to make sure you have all of the necessary documentation in place, so you can give prospective buyers all the information they desire. One such piece of documentation you will need to acquire is known as a Real Property Report.

The idea behind a Real Property Report – or RPR – is quite simple. It is a legal document which covers the details of a specific piece of property. Not only does it highlight the dimensions of the property, the location of any improvements (structures), and all other relevant info, but it also verifies the property meets zoning laws. With a current RPR in hand, you can quickly prove to sellers that your property meets with code and is ready to be sold.

Being Prepared

When you are selling a home, you are in competition with all of the other homes that are currently on the market. Specifically, you are competing with the homes that are of a similar size, in a similar neighborhood, and listed for a similar price. You can think of this phase of life as opening a short-lived small business. You are temporarily in the business of selling your home, and you are trying to win over a customer. There are a certain number of available buyers on the market at any given time, and you need to attract as much attention as possible in order to get a great deal.

Just like any business, you want to have a leg up on the competition in any way that you can. For instance, you might decide to spend some time and money working on the landscaping around your home, in order to boost ‘curb appeal’. This is a good idea, as you will be able to make a strong first impression with updated landscaping. If a buyer is choosing between your home and a very similar property nearby, it just may be the landscaping that swings them in your direction.

In much the same way, you can think about having a Real Property Report ready from the onset as a potential edge on the other homes in the area. When buyers start to get serious about your home, they will come looking for more details about the property. If you have a current RPR ready and available for them to review, your credibility will instantly get a boost. You will present yourself as a serious seller, and the buyer will know that they don’t have to wait around for a report to be produced. It is already complete, and one big hurdle is out of the way. Either way, as per the Alberta real estate contracts, you will be required to have prepared for closing, however, by purchasing one in advance, you will avoid any unknown problems at the onset.

Cover Your Bases

It is easy to see how having a Real Property Report in place can help a seller when it comes to closing a deal. Buyers will love that this piece of the puzzle is in place, as it will give them significant peace of mind. The peace of mind doesn’t stop there, however, as the RPR can also help the seller sleep better once the deal is done.

The matter at hand here is one of liability. During the home selling process, you are going to make certain representations to the party who is making the purchase. If those representations are found later to be false – or, at least, the buyer believes them to be false – it is possible that legal action will follow. By getting an RPR, the seller can remove much of the risk of winding up on the wrong end of a lawsuit. It will not just be one party against another in court, as the seller will have the support of the RPR to stand behind what was claimed during the sale. If a buyer plans to purchase title insurance in the absence of an RPR, it may be assumed that the insurance will offer protection to the seller by covering costs that come up later. That is not necessarily the case. If the buyer is unhappy about what they feel was a misrepresentation regarding the property, legal action is possible regardless of title insurance.

An Easy Decision

Simply put, the reasons to hold off on a Real Property Report are not nearly as significant as the reasons to get one. Sure, you will have to spend a little bit of money to have this report generated. And yes, it can take a while. But think about what is at stake here before you decide to go ahead without the RPR. You are selling what is likely your most valuable possession, and you probably stand to receive more money than you have ever received before in your life.  With such a large transaction looming, it only makes sense to do everything you can to make this go smoothly. In the long run, getting a Real Property Report is not a big deal, and it can make your life so much easier as you attempt to sell your home.

As soon as you make the decision to sell your home, even if you aren’t doing it right away, get started on bringing everything together. Start thinking about a plan for preparing the property and start the wheels in motion on having a Real Property Report produced. It is also wise to work with an agent early in the process, just to make sure you aren’t forgetting any important steps. Since you will probably be looking for a new home at the same time you are selling your old one, there is a lot going on at this point in your life. Bringing in an experienced professional to help you navigate the market can take significant stress off of your shoulders.

 

Looking for advice and help on securing a Real Property Report or selling your Edmonton home? Let’s chat! Our local Edmonton Real Estate team is always happy to sit down and discuss your unique situation and figure out the right strategy to sell your home.

Just Listed: Seba Beach Lakefront

Sun, 01 Apr by TruHome

In partnership with Edmonton Lake Property, we are excited to announce this new listing in the highly sought after community of Seba Beach. Located lakefront to Wabamun lake, this property offers so much to be desired. Featuring panoramic views from virtually every room in the house, this lot offers about 60 to 80 feet of beach in front of home depending on water level. .On the main floor, you’ll find the master bedroom, a large kitchen perfect for baking or entertaining and a sun-filled living room and dining room. Upstairs, there are 3 bedrooms and a family room and one floor up you’ll find a “top secret” loft perfect for playtime for the kids or for an office. Outside, you have a 3 car garage complete with upstairs living quarters including a kitchen, living room and 2 bedrooms as well as a loft. The water is inviting and will soon be ready to jump into. The lot is one of the largest at 184 depth x 55 feet wide. Lake properties don’t last long here. Call to view or learn more about living the lake lifestyle: 587-400-SOLD.

Just Listed In Newton

Sun, 25 Mar by TruHome

Just Listed In Newton! This well-cared for bungalow is the ideal find for an investor seeking at the perfect rental property. Zoned RF3, in the up and coming community of Newton, the possibilities for this property are endless. Featuring, new windows, floors, paint, appliances and an updated bathroom, this two bedroom home with double garage is a great find. Learn more about this listing here or check out all homes for sale in Newton here.


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