Hampton Gardens – Fully Occupied In Record Time

Thu, 18 Feb by TruHome Inc

Personalized Engagements Net Results

Strength is better in numbers. That statement rang true in November when the final suite in Elm Developments’ 189-unit Hampton Gardens was leased. The strategic partnership between Elm Developments, TruHome, and McCor Property Management ensured that despite the challenges 2020 brought, the Gardens outperformed similar southwest Edmonton properties and was leased at 100% capacity at the end of November. 

 

At TruHome, we held home-court advantage, supporting Ontario-based Elm Developments through their first Alberta development. Our extensive leasing experience, hyper-local marketing expertise, in-depth knowledge of the community, and social media engagement helped Elm understand the exclusive social and demographic needs of the Hamptons. These assets helped future tenants understand the value of the community, the location, and the amenities available to them in the surrounding areas.

With COVID, we could no longer rely on traditional methods like open houses and events to showcase new units. What can you expect from us?

  • Highly personalized showings
  • A safe environment, sanitizer, and social distancing
  • An exclusive atmosphere, just for you.

The above strategies quickly made available Hamptons Gardens units a hot commodity, and we have continued to offer these personalized touchpoints for clients. 

The Hamptons’ rapid lease-up is uncommon, particularly here in Edmonton. Urban Analytics, a partner of TruHome, shared that  “It’s uncommon for buildings to fill this quickly, especially without incentives. The fact that TruHome and McCor were able to outperform the average occupancy time frame by 50% indicates that the units were priced appropriately, and the rent was kept consistent during the leasing process.” These are all considerations that you should expect from an experienced real estate team. For reference, the average time to fill similar complexes in Alberta is approximately 18 months, more than 50% longer than the Gardens.

If you’re a developer looking to enhance your next rental or for sale project, our team of experts can help you get the results you want. Let’s chat further about how we can help personalize your project to meet its maximum potential. 

With pandemic restrictions in Alberta for the long haul, residents of the Hamptons are enjoying an indoor oasis in their new homes, with luxurious on-site amenities including European inspired kitchens, and styled bathrooms for spa-inspired relaxation. Sound like the slice of paradise you’ve been dreaming of? 

Give us a call or send us a message to chat more about what we can do for you. Because without the promise of a tropical vacation on your horizon, and dropping temperatures here in YEG, you deserve to have your home be the getaway you’ve always wanted. 

Thinking Of Selling: Thoughts On Selling Your Edmonton Home

Thu, 21 May by TruHome

  • Dear Homeowner, 

    Life is certainly creating unexpected circumstances, that are shaping our current lives and that will in some way or another impact our futures. 

    Not all news is BAD news though, which feels good to report. As an essential service, we continued to assist our clients both in the buying and selling journey.

  • Each client has a unique story as to WHY it made sense to them; new job opportunities, needing to “downsize” for health reasons, having their home sold, to build more financial freedom, to reduce debt…and the list goes on. 

    The same is true for you as to why you are choosing to stay in your current home or why you’ve been, like us, “looking” at real estate while you have spent more time at home. 

    Whatever the reason you have been contemplating a move, we want you to know:

    • The Market Is Moving Forward:

      • In fact, one of the biggest challenges we are facing is a lack of inventory.  Sellers that have chosen to take advantage of this are in many ways yielding more money right now and selling faster.
    • There Are Buyers Waiting For The Right Home:

      • While our sellers are less physical showings – our listings are attracting more vetted (qualified) buyers who are making quick decisions in terms of moving forward. 
    • You Deserve To Be Informed:

      • Our true role goes beyond buying and selling. As your real estate advisors, we want to ensure you are kept informed about the value of your home on an ongoing basis. This ensures you can make the most informed decision about whether to stay or move, to refinance or even to invest in a new property. Talk to us about getting this information on a consistent basis. 
    • We Want To Keep You Safe:

      • Due to COVID-19, we are taking strict measures to ensure everyone’s safety. From how we are increasing our virtual options, to how we are validating who enters your home and how. We would be happy to discuss the protocols we have in place to protect your health and home’s best interests. 

    If selling your home or gaining more knowledge about the Edmonton Real Estate market is on your priority list for 2020, we would be honoured to be part of your team of advisors. We are passionate about putting your needs first and have a proven track record of success that highlights that.

    Curious about what your Edmonton home is worth? Try our interactive Edmonton home evaluation tool here. Ready to talk about getting your home sold? Give us a call or send a msg.

The Coronavirus, The Edmonton Real Estate Market & Building Our Futures

Sun, 15 Mar by TruHome

We understand that are a lot of fears about what is happening in the world when it relates to this coronavirus and how to proceed. We don’t know how long this will last and how many people will be affected either physically, mentally or financially, however, we can speak about what we do know:

  • You, Will, Want To Get Your Basics In Order: Make sure to stock up on any essentials that you feel would be necessary if you are required to stay at home for a certain period of time.
  • You, Will, Want To Think About What Is Needed For Your Family: Plan for contingency plans for childcare, work and family health needs.
  • You, Will, Want To Plan For The Future: We will get past this and we need to plan ahead.
    • Look At Ways You Can Save (Reduce Spending): Take a look at your current budget and see what you can live without. Perhaps 3 television apps aren’t really essential right now for example? Every dollar you can save now, your future self will thank you for.
    • Take Precautions, But Move Forward: Your work, your life and your dreams are still very much important. Think creatively about how you can make a positive impact on these while ensuring you are mindful of your health. The first step is the basics: Wash your hands, wipe down surfaces and really don’t touch your face until you have washed your hands. Ultimately, it comes down to if you are feeling sick, rest and take care of yourself. The reality is that whether this virus was here or not, there are always vulnerable people, including the elderly and pregnant women that can not afford to be around people who might pass on a cold or virus. We can all do our part by being mindful of the social situations we choose to engage in.
    • Take Action For The Future: FYI, I am not talking about stocking up and selling essentials at unfair rates here, What I am talking about though is being aware of the opportunities that are out there and how taking action today will ultimately lead to impacting you and your family in a positive way for the future.

 What We See Happening In The Edmonton Real Estate Market Right Now?

 

1.  Now Is Still A Great Time To Buy: If you were thinking about buying a home this year or in the near future, now is still a great time to invest in the Edmonton Real Estate market. The combination of lower mortgage rates and the current pricing trends for Edmonton homes make it a very favourable time to buy. We would be happy to talk to you about your personal goals to provide recommendations on whether buying a home is right for you at this time. Browse all Edmonton homes for sale here.
2. It Is Still A Good Time To Sell: We are continuing to add new inventory to the yeg market. The sellers that choose to list will take advantage of potentially less competition on the market.  Depending on your life circumstances will determine if this is a right more or not and we would be happy to chat with you about your unique needs. Find Out What Your Edmonton Home Could Be Worth.
3. If Your Happy Where You Are – Refinancing Could Be The Right Move For You: The Bank of Canada has announced an emergency rate cut of 50 bps. If your mortgage is coming up for renewal soon, staying on top of rate changes and taking advantage of them will help you pay down your mortgage faster. This is good news for you and your family.  We know amazing representatives at all major banks and have fantastic relationships with independent mortgage brokers as well. Let us connect you with someone we trust to help you navigate these opportunities. Tell us about your financing needs.
We will continue to connect with you because you are important to us! We will get through this stronger and better. We would be honoured to help you take advantage of the opportunities presenting themselves in Edmonton real estate. Please connect and let us know how we can serve you!

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