10 Common Real Estate Myths Debunked

Introduction

Navigating the real estate market can be a daunting task, especially for first-time homebuyers and property investors. Myths and misconceptions abound, often leading to costly mistakes and missed opportunities. In this blog post, we aim to debunk 10 common real estate myths, providing you with factual information and expert insights to help you make informed decisions.

Myth 1: Real Estate Is Always a Safe Investment

Debunked:

While real estate can be a profitable investment, it is not immune to risks. Market fluctuations, economic downturns, and property-specific issues can all impact the value of your investment. For example, the 2008 financial crisis saw a significant decline in property…

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Community Spotlight on Jagare Ridge in Edmonton, Alberta

Welcome to Jagare Ridge, one of Edmonton's most picturesque and family-friendly communities. If you're a homebuyer looking for a place that offers both tranquility and convenience, Jagare Ridge might be your perfect match.

Key Attractions in Jagare Ridge

Jagare Ridge Golf Club

Start your exploration at the Jagare Ridge Golf Club. This challenging 18-hole course is not just for golf enthusiasts. Even if you're not a golfer, you'll appreciate the stunning views of the Whitemud Creek and the meticulously maintained fairways. It's a great place to unwind and enjoy the outdoors.

Whitemud Creek Ravine

Nature lovers will find a haven in the Whitemud Creek Ravine. This area offers…

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Common Issues That Can Lower a Home Appraisal in Edmonton, Alberta

Whether you're a homeowner looking to sell or a real estate investor aiming to maximize your property's value, understanding the factors that can negatively impact a home appraisal is crucial. In Edmonton, Alberta, several common issues could potentially lower your home's appraised value. Let's explore these issues and provide some practical tips on how to address them.

Poor Maintenance and Visible Damage

One of the most significant factors that can lower a home appraisal is poor maintenance and visible damage. Cracked foundations, leaky roofs, and peeling paint are immediate red flags for appraisers. These issues not only indicate that the property hasn't been well cared for, but…

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July 2024 Market Update

Looking for Edmonton real estate? Here's an easy-to-understand summary of Edmonton's housing market as of August 2, 2024. The Greater Edmonton Area (GEA) witnessed a total of 2,941 residential unit sales, a jump by 3.5% from previous month and a remarkable 27.1% from July 2023! That's a lot of Edmonton homes for sale.

New MLS listings in the GEA were 3,729, a 2.9% rise from June 2024 and a hefty 13.2% from July 2023. Yet, the overall housing inventory decreased by 1.4% since June and was 15.1% lower than in July 2023.

Breaking down the types of units sold, detached homes had a sales figure of 1,708, an increase by 2.8% from June 2024 and it was also 23.5% higher than in July 2023. The semi-detached and row/townhouse…

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Discover The Community of Inglewood in Edmonton, Alberta

If you're on the hunt for a new home in Edmonton, Alberta, look no further than the vibrant community of Inglewood. Nestled in the heart of Edmonton, Inglewood offers a blend of charming residential streets, rich history, and modern conveniences—all of which make it an ideal place to call home. 

Inglewood is a neighbourhood located in the northwest quadrant of Edmonton, Alberta. It is situated near the Yellowhead Trail and Anthony Henday Drive, making it easily accessible by car. The neighbourhood is bordered by 137 Avenue to the north, 118 Avenue to the south, 127 Street to the east, and 142 Street to the west. Inglewood is a relatively small neighbourhood, covering an area of approximately 1…

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Understanding Mortgage Rates and How They Affect You

Whether you're buying your first home or selling your current one, understanding mortgage rates is key to making informed decisions. In this blog, we'll explore what mortgage rates are, how they are determined, and their impact on homebuyers and sellers in Edmonton, Alberta.

What Are Mortgage Rates?

Mortgage rates are the interest rates charged by lenders on mortgage loans. These rates can significantly affect your monthly payments and the overall cost of your mortgage. Mortgage rates are determined by several factors, including the state of the economy, inflation, and the lender's own policies.

Fixed vs. Adjustable Mortgage Rates

When choosing a mortgage, you'll typically encounter two…

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How to Move Without the Stress: Tips for Moving to or in Edmonton, Alberta

Moving to a new home, especially in a city like Edmonton, Alberta, can be both exciting and overwhelming. Whether you’re a seasoned homeowner or a new resident, the process can be stressful. But with the right planning and mindset, you can turn it into a smooth experience. Here are some tried-and-true tips to help you move without the stress.

Plan Ahead

One of the most effective ways to reduce moving stress is to plan ahead. Start early and create a detailed moving timeline. Break down tasks week by week to ensure you don't miss anything important. This way, you can avoid the last-minute scramble and keep everything on track.

Key Steps in Your Moving Timeline:

  • 8…

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Welcome to Secord, Edmonton, Alberta

Nestled in the edge of the western part of Edmonton, Alberta, the Secord community is a thriving neighborhood that offers a perfect blend of natural beauty, modern amenities, and a strong sense of community. Whether you're a resident or considering making Secord your new home, this blog will guide you through everything that makes this neighborhood special.

Key Attractions in Secord

Secord Park

Secord Park is the heart of the community. This green space is perfect for families, fitness enthusiasts, and anyone looking to enjoy the outdoors. With walking trails, playgrounds, and picnic areas, it's a popular spot for weekend outings and daily walks.

The Secord Wetland

For nature lovers, the Secord…

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Your Ultimate Guide to Choosing the Perfect Home

Buying or building a new home is often the biggest financial commitment you'll make in your life. But with so many options available, how do you narrow them down to find the perfect fit? Whether you're a first-time buyer, part of a growing family, considering new home construction, or looking to purchase an existing home, this guide will help you refine your choices and prioritize your needs.

Building Your Dream Home

Building a home allows for unparalleled customization. You can tailor every detail to suit your lifestyle and preferences. Here are some key steps to consider:

Prioritize Each Room

Go through each room and write down what you want to prioritize. Think about how you use each space…

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Prevent Common Home Buying Mistakes

The thrill of purchasing a home in the vibrant city of Edmonton, Alberta is an experience like no other. However, there are some common pitfalls that buyers often fall into, which can inhibit their journey to homeownership. In this quick guide, we have identified the most common mistakes made by home buyers in the Edmonton real estate market, providing you with ten easily digestible points to help navigate the process confidently and efficiently.

  1. Not Reading the Contract Thoroughly: The excitement of buying a home can be incredibly overwhelming, often resulting in overlooked details or misunderstood terms within the contract. However, don't let your enthusiasm overshadow the legal aspects of the…

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