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Market Update to Aug 31 – Red Deer Real Estate Stats

Fri, 07 Sep by tonysankovic

Red Deer Market Update – In spite of the heat and smoke August turned out quite nicely in Red Deer, Lacombe, Sylvan Lake and Blackfalds with stronger than expected sales. At the same time the number of active listings continued their downward trend, pushing supply and demand slightly closer to balance. Ponoka, Rocky Mountain House and Penhold didn’t experience the same sales activity, but the number of active listings did come down slightly. Unfortunately, we have a long way to go to get the market back to balance and prices will remain depressed until then.

For the last three and a half years the Alberta real estate market has experienced excess inventories, slow sales and declining prices. Any gains we should have made from the economic recovery have been offset by crippling changes the federal government applied to mortgage qualifying rules.

Will the ongoing challenges to construction of the Trans Mountain Pipeline affect the real estate market? The simple answer is yes, but it’s important to note there is still hope the issues can be resolved. The Federal Government is heavily invested in this project both politically and financially and must find a solution.

RD STATS Aug 2018

Today’s market favors the Buyer.

*For current STATS on additional central Alberta locations, see bottom of website’s Home page.

Fall Tips For Getting Your House Ready To Sell

Wed, 05 Sep by tonysankovic

When you are selling your house, you only have one chance to make a first good impression. There are a number of things to take care of before your property is prepared for listing.

Staging is a great way to showcase your house in the best light. Professional stagers know exactly how to enhance the appeal of the features of your home. Aside from this, homeowners can also do a few things to get their house ready to sell.

  1. Declutter & Depersonalize

Potential homebuyers will open up closets, cupboards, and cabinets in various areas of your home. If items fall out, they might assume that there isn’t sufficient storage in the house. Collections and decorative pieces will be the only thing that buyers remember, this is why it is necessary to depersonalize your house during an open house.

Personal items such as photos may distract buyers. They may not be able to see themselves in your house if there are too many photos. The objective is to make your house look more like a hotel.

  1. Replace or Repair

Tiny details matter while you’re selling your house. If the mailbox is showing signs of wear and tear it is essential to get 

it changed. If the house exterior itself needs painting, get it painted. If windows or switches are broken, consider getting them replaced. This will help make your house a lot more inviting and will also let you ask a higher price for it.

  1. Make It Clean

Painting & refurbishing are the only two things you can do besides decluttering, to make the interiors of your house look great. Walls painted with grey and beige shades add a welcoming feel to your house and pique the interest of buyers.

  1. Ensure Your House Is Up To Code

If your house isn’t up to code it can deter potential buyers from making an offer. For instance, if your basement work or some extension work was completed without a permit, it is necessary to get it up to code.

  1. Make Both Major and Minor Updates To Your House

Making minor updates to your kitchen and bathroom will make your house a lot more desirable and marketable. Consider replacing old appliances and switchings. Decide if it’s necessary and make major updates if required. The more money you put in the greater the return on investment.

  1. Get Things In

Decluttering alone can work wonders on the look of your house, however, it is necessary at times, to bring in furniture during the process. Professional stagers can help with this aspect.

  1. Things to Avoid

Do not assume that each and every buyer can use their imagination, because they cannot. Not addressing problems can make buyers look for other problems. Basic staging can be completed at low costs. As a bonus, the IRS considers these additional expenses as the cost of doing business.

Do minimal preparation to see how the market responds. The first 30 days on the market, your house is fresh and new, and buyers want to see it. However, after that period of time, buyers may assume that there’s something wrong with your house.

Start Early

Don’t overestimate the value of repairs done to your home in the past, sellers often want higher prices for a house that isn’t as well maintained or updated as it should be. Pictures won’t break a deal, however, if collectibles are not packed and art on the fridge is still there, it indicates that you are a lot more committed to personal preferences rather than selling.

The aim of all these preparations and fixes is to ensure that your house is shown in the best light and buyers are more inclined to show an interest in it. Every house is different and you need to see which changes will work well for your home.

You can get the best results by starting weeks in advance, cleaning and completing maintenance and repair tasks well before your home is listed for sale. This will also leave you less stressed. Following these simple tips while preparing to sell your house can work wonders for you. Ready to get started? Get your FREE Home Evaluation today!

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Questions To Ask Your Agent About Selling Your Home

Sun, 26 Aug by tonysankovic

If you are planning to sell your home, it is important to hire the right agent. A good agent has the experience that can help you sell your house faster and for a lot more money as well. You can visit online sites, search for good agents in your area and read some of the reviews that they’ve received from older clients. You can then decide whether you want to hire their services or not. Here are a few questions to ask an agent while selling your home:

  1. What Are Your Qualifications?

The agent you hire should have a state license. If they belong to any local real estate trade associations, they will have access to multiple listing services. This means that they would be able to list your home on various sites which will get it the visibility it needs.

  1. How Many Sales Did You Close The Previous Year?

Even though past success doesn’t necessarily mean you will have a quick sale, it does give you some assurance that the professional knows what he/she is doing. Inquiring about the price range the agent has sold other properties is necessary. You need someone who knows exactly what features buyers in that specific income bracket they are looking for.

  1. Do You Have Local Real Estate Experience?

Hiring the services of a local real estate professional can prove to be a huge advantage, as they have the knowledge of all upcoming developments and amenities that may have an impact on the value of your home. You will want the services of an agent who knows the market in your neighbourhood. The agent you hire not only has to sell your house but also your neighbourhood as well.

  1. How Do You Zero-In On The Right Listing Price?

The money aspect and your agents negotiating abilities will decide what listing price will work best in the existing market. If your house is priced much above the market rate it just won’t sell and will be a turn-off for potential buyers. Contrastingly if you price it too low you will end up getting far less than what it is actually worth. Make sure that the agent you hire has the solid market knowledge and has handled sales of properties similar to yours in the recent past.

  1. Will I Be Working Directly With You?

It is important for you to know whether you’ll be working with just one specific agent or some member of his team. There are both good and bad aspects to each such as if you’re working with a team of agents, it makes the showings a lot easier. However, some specific requests made by the seller may go unnoticed within a team.

  1. How Much Money Is It Going To Cost Me To Sell My Home?

Knowing the costs that you will end up paying for the broker’s commission, closing fees and any other additional expenses can help you plan accordingly. You can also compare one agent’s charges with another.

  1. What Sales Strategy Will You Use?

Every agent should have a written down strategy for how they are going to market your house, from social media to listing services to open houses. Relying on mailers isn’t enough. Consider using the services of an agent that provides professional photography, a custom designed website or even videos.

  1. What Do I Need To Focus On While Readying My House For Sale?

Take their advice and make additional upgrades or repairs, follow other useful hacks they suggest for impactful yet easy-on-the-budget improvements. If they suggest staging, you might want to consider using it. At times, just de-cluttering and cleaning may get the job done.

  1. What Will Be Our Mode Of Communication?

It’s important to ensure that the agent uses the same mode of communication that you prefer. For example, if you prefer a telephonic conversation over texting, the agent you choose should be able to cater to that need. The communication frequency and method between you and the agent are important aspects when it comes to making a successful house sale.

Getting answers to these questions and any other relevant ones, are crucial to the success of your house sale. Call Tony Sankovic today and get started with a FREE HOME EVALUATION!

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How To Make the Most of Your Real Estate Experience

Wed, 22 Aug by tonysankovic

Purchasing a new house is one of the biggest investments that one makes. It isn’t just an investment of money, but also of time and a lot of effort. Most people end up staying in a house for a minimum of five years, or in some cases for decades and its essential to make the right purchase choice.  It is important to look for a house that suits your lifestyle, family and even your budget. Take a look at how you can make the most of your home buying experience.

Buying a Home

  1. Be Patient

Buyers need to be ready to move quickly when they find the house they like. However, it’s far much more important for the buyer to be patient. Agents help you avoid major pitfalls. Real estate professionals state that if you are prepared and know exactly what to expect (even though it is a stressful and intimidating process), you will have no problem in finding the house you like.

  1. Hire an Agent

Hiring an agent to help in the buying process can prove to be extremely helpful. The agent will ensure that there are no problems with the property. These experts are skilled in negotiating house pricing, which helps you get a better deal. Once you get your pre-approval, look for an agent with local knowledge and one you can trust as well.

  1. Location Matters

The location of the house matters a great deal. Some of the aspects to take into account include proximity to schools and parks, entertainment opportunities, shopping areas etc. Aside from this, it’s important to make sure that the neighbourhood is safe, well-connected, well-maintained, and suits your lifestyle.

  1. Be Aware Of All Costs Involved

Purchasing a house isn’t cheap and you end up paying for insurance, pre-paid taxes, home inspection, title closing fee and mortgage costs to the lender. This is where an experienced realtor comes in handy as buyers don’t always expect the inspection costs, non-homestead taxes or association fees. Many unanticipated problems may surface at the last minute after an inspection which can end up costing you a considerable amount of money.

Selling Your Home

Here are some tips on how you can make the most of your home selling experience.

  1. Set a Timeline

Homeowners should set a timeline while selling their house. A lot of people try to sync the sale of their house with a relocation or the purchase of another property. A well-maintained and updated house won’t take long to get sold.

  1. Hire an Experienced Agent

Consider hiring an agent who has the knowledge and experience to sell your house quickly and also make the process as smooth as possible. A local agent familiar with the neighbourhood has deep knowledge about buying trends. They will conduct a market analysis, survey your house and provide professional photography services as well. These are the types of agents you should be working with.

  1. Know How Much Expense Is Involved

Real estate commission, owners title insurance, transfer tax, current mortgage balance etc. are the different costs associated with a home sale. After an inspection of your house, you may have to spend some money on repairs or give some concessions to the buyer.

  1. Have the Right Home Features

Updated kitchens and bathrooms are what the modern buyers desire. However, they also want the house to be practical and function without any problems. Every home buyer will have very specific requirements while buying a home. Most will look for things like large yards, proximity to schools, extra garage space, well-maintained sidewalks etc. While every property won’t have all these aspects in place, it needs to have at least most of these desired features.

  1. Home Improvement Updates and Fixes

Carrying out small and simple fixes will ensure your house will sell quickly. It’s important to create a good impression on buyers by making sure that your house is spruced up and well-maintained. It is a good idea to get your home staged by a professional. The real estate market is very competitive and you have only one chance to make an impression on buyers.

Whether you’re buying or selling a home, one of the best ways to get a great deal is to hire a skilled real estate agent like Tony Sankovic for the job.

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Questions To Ask Your Real Estate Agent About Buying A New Home

Wed, 15 Aug by tonysankovic

Buying a home isn’t something you can take lightly. It’s probably one of the biggest investments you will make your life and you need to ensure but you make a smart decision. One of the best ways to find a great house is to hire the services of an experienced real estate agent. It also very important that you ask the agent certain questions about buying a home. Here are some of them:

  1. Why Is This Owner Selling Their Property?

While the real estate agent doesn’t really have to answer this question, they might give you a hint at what the exact circumstances are. You may be able to find out whether the owner is hard-pressed to sell the property because they need me to move to a different location for a new work position, or due to some other reason. This may mean they are willing to accept a lower price.

  1. Is There Anything Specific I Need To Know About The House?

Most people that are buying a new home are concerned that they may not be aware of a significant negative factor the most others are aware of. For example, very noisy neighbours, a local train station in close proximity, or some other similar aspect that can affect the comfort levels in your home. If you harbour any doubts about a particular property, its best to ask local shopkeepers or even next door neighbours for their opinion.

  1. What’s Exactly Included In This Sale?

Check whether the greenhouse, garden shed or other temporary outdoor features are included in the sale. You also need to check whether the fittings and fixtures are going to be part of it and where the property boundary line is. It’s important that you have clear visibility of what you are buying. It isn’t uncommon for some contents, not to be included in the sale.

  1. How Long Has This House Been On The Market?

If the property has been on the market for three months or more, it crucial that you ask the agent why it isn’t selling. There can be certain problems that other potential buyers have noticed, but you haven’t. Sometimes a higher price tag may be the reason for it languishing on the market. If this is the case, it’s possible the seller would accept a much lower price.

  1. For What Duration Have These Owners Lived In The House?

If you find out that the owners are moving within a very short period of time, it’s necessary for you to find out exactly why. Find out whether there had been any specific problems due to which they are moving.

  1. Has this Property Changed Hands Repeatedly?

If a particular property has changed hands very frequently, that can be an indication of some serious problems. Find out why some of the previous owners moved out. It also a good idea to try to contact them to determine the exact reason for them leaving the place.

  1. How Have you Decided on an Asking Price?

A great agent will always provide you with the reason for the asking price. This will help you make a better judgment. Sometimes, you might be lucky enough and an agent may tell you they feel the seller is overvaluing the property. In any case, it a good idea to visit other properties that are on sale in that same neighbourhood. This would give you a feel of the market price in that area and determine whether what you’re paying is right.

  1. What’s The Minimum Price The Seller Will Accept?

Not many potential buyers realize this, but it important to ask whether the seller is willing to negotiate even on their minimum price. The real estate agents generally give you an indication as they benefit when they are making a sale, albeit at a lower price. It’s very simple really; if they don’t sell, they just won’t get paid.

These are just a few of the questions you should be asking your real estate agent while buying a new home. While it’ss a good idea to get these answers from the agent, it also important that you conduct a certain amount of independent research before making your final decision.

When you’re ready to buy or sell in the Red Deer area, give Tony Sankovic a call! 403-391-4236

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5 Steps to Follow When Buying A Home

Wed, 08 Aug by tonysankovic

buying-a-homePurchasing a home can be quite a complex proposition.  Here we take a look at the steps involved in the home buying process, and what you can do to make it simpler.

  1. Deciding To Purchase a Home

You have to make numerous decisions while purchasing a new home. The most important of them being the duration for which you are planning to stay there. It is advised to buy a house only if you are planning to live there for between 2-5 years. In many places, you may find renting to be much more affordable than owning the house.

Aside from mortgage payments, there are many more responsibilities that come with a property purchase such as, paying for insurance, sticking to a budget and also repairs. Consider what reasons are making you more inclined towards buying a home. Tired of renting places and want to have a place of your own? Starting a family? Or trying to make some money in real estate?

  1. Checking Out All Your Options

If you are a first-time borrower it isn’t mandatory to make a down payment. However, you will end up saving a considerable amount of money on your mortgage if you choose to make a down payment. Typically, it should be 20% of the price of your house. After evaluating home prices in different areas, you may find some places to be a lot more affordable than others.

Take what experts say into consideration on whether the prices will increase or decrease.  By using a home affordability calculator you can determine how much money you can spend on the purchase. Take a look different mortgage rates and then calculate a few of the basic mortgage options. You can then determine whether the rates will increases or decrease in a couple of years.

If you are confused about whether to opt for a fixed rate or adjustable mortgage rate, speak with a few of the people living in the area that have bought homes in the last few months. Asking them for some advice on some of the challenges they had to face and what tips they can offer may prove to be effective while making your final decision.

  1. Get A Mortgage Pre-Approval

First, start off by comparing different mortgage rates online. You can visit websites of online lenders which will help you estimate different mortgage options. You can also evaluate options with a local bank or credit union. A lot of companies offer “pre-qualify” systems that help you estimate what you can afford and what you cant. This is an excellent step for evaluating the different lenders.  However, it isn’t the same as pre-approving. After narrowing down your search to just a couple of lenders, you can then apply for a pre-approved mortgage with each of the companies. Every application causes a drop in your credit score, this is why it’s advisable to apply with moderation.

  1. Shop For A Great Home

Compile a list of all the different features that you are looking for in a home, like the number of bedrooms or closets and take this with you every time you visit a house. Looking at different properties each day makes it difficult to differentiate one from the other. Write down notes on every house you visit, this will make it easier for you to make a final decision. Take a note of all places that require repairs and calculate the amount of money it will take you to fix them, this can help when you are negotiating the price of the house.

  1. Finalize The Deal

Organize a home inspection, as this is an important step before purchasing a home.  Spending up to $200- 400 on an inspection can bring to light any potentially serious problems in the structure. In fact, you can use the home inspection report to negotiate a better buying price if you are keen on purchasing the property. Evaluate all your homeowner’s warranty and insurance options and look for ones that give you the best deal. Contact your mortgage lender for your final loan approval.

Ensure that all closing documents are in place by getting them reviewed by your attorney or agent. Following these steps is essential to making a smart property purchase. Start off on the right foot by getting in touch with Tony Sankovic today!

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Market Update to July 31 – Red Deer Real Estate Stats

Sat, 04 Aug by tonysankovic

Red Deer Market Update – The usual summer trend to lower sales in July held true this year in every market we serve except Penhold which experienced a burst of activity. The other trend that we are seeing is the number of active listings finally starting to come down slightly. The sales to listing ratio in central Alberta continues to favour buyers, but we are finally seeing it easing its way toward balance.

Many of our clients are wondering why the market hasn’t rebounded more quickly when they are hearing that the economy is improving. A stronger economy is positive for sure, but that puts pressure on interest rates which directly impact the real estate market. Higher rates in conjunction with restrictive federal government-imposed mortgage rules are making it difficult for buyers. Many have opted to stay put because they can’t qualify to move up. And, move up buyers are a huge, missing piece of the puzzle.

Today’s real estate market is like a huge wheel that is stuck and needs a nudge to get it moving. Once it starts to turn, momentum will help it keep turning. Some relaxation of the mortgage requirements or easing of rates in Alberta would be the grease that makes it easier to get unstuck. Neither option seems very likely, so we will have to be patient and accept things the way they are for now.

RD STATS July 2018

Today’s market favors the Buyer.

*For current STATS on additional central Alberta locations, see bottom of website’s Home page.

What is a Real Property Report

Wed, 25 Jul by tonysankovic

… and Why do I Need One When Selling?

property-reports-title-insuranceYou have decided to sell your home. You have done everything that you needed to do including de-cluttering your home, getting it listed with the right agent and ensuring that it looks great to be seen by potential buyers. However, have you received the Real Property Report? This is something that you will need when selling a home. And it is one of those aspects that most people do not realize they need until they are in the process of dealing with a buyer who is ready to purchase.

What is a Real Property Report?

A Real Property Report is just as the name suggests. This is a report of the property that is prepared by a certified surveyor in the area. What does this property include? For one, it will include the boundary of the actual property. It will also include the description of the building or buildings on the property. It also includes information such as utility right of ways and encroachments that may be present from neighbouring properties. This is something that every seller has to include so that the buyer can see just what they are getting.

A Few Aspects about the Real Property Report

There are a few aspects of the RPR that can help many sellers when they are in the process of selling their home. These aspects include:

The report has to be what they consider “new”. However, “new” does not always mean that it has to be done during the week or even given the month of when the seller is selling their property. As long as the seller has not made any changes to the property, such as adding more land to it, built a new structure or the like, they can use a Real Property Report that was dated from five years ago if they have it.

Keep in mind that a new structure of a property means that you have to have building permits in order to build this. Something that is not considered permanent like a garden shed or other ground level improvements do not require a building permit. Hence, these types of structures are not something that dictates getting a new Real Property Report.

If you do have to get a new RPR for your property, it must be accompanied by a Compliance stamp from the local municipality or a cover letter from that municipality that states everything is acceptable. This is meant to provide proof that everything on the property was put here with the proper permits and the like.

Why Do You Need This When Selling?

Why is this something that a seller has to worry about? Many sellers think that this should be the responsibility of the buyer. However, it is the responsibility of the seller to do this and have this information available to any interested buyer. Interested buyers may not stay interested in the property if you do not have this information handy to show them.

In most cases, your licensed real estate agent is going to work with you to get this completed when an offer comes in or even before if they believe that the property will not stay on the market for too long. But, why do you need this aside from this being expected by the buyer? This is to protect you!

A real property report is meant to protect you, the seller when involved in a real estate transaction. A real property report can uncover problems that may reside on the property before a buyer compares a purchase. Thereover, the buyer knows exactly what they are getting. In the event, the buyer later tries to state that you sold them a piece of property that was not as you said it was. For instance, a boundary dispute later states that there is less square footage of the yard or something along these lines, you are protected. The buyer cannot sue you for damages or the like because the Real Property Report was there and it was a full disclosure of what the buyer was buying.

How to Get a Real Property Report

As stated earlier in this piece, a Real Property Report is basically a surveyed written paper on what is going on with the property. To get this for your real estate transaction, you do need to contact a professional. However, if you recently purchased your home, in the last few years or so, then you can look at that Real Property Report to see if it still applies, if it does, then you can be worry-free.

The real estate agent that you are working with is going to provide you with the information that you need to get this Real Property Report when you are going to need it. While you may not need this as soon as you put your property up for sale on the market, once you start getting interest from buyers, this is when the Real Property Report may become a good bargaining chip to have to make the property become more appealing.

If you are ever told that an RPR is not necessary, remember the value that this offers you, the seller, along with the protection that it can offer. In Canada, a Real Property Report is required on almost every type of property sale that goes through. Thus, always get the RPR in due time when involved in real estate. Your agent will be able to tell you more, walk you through the paperwork process and answer any other questions that you may have.

The main point to remember, the Real Property Report is established for everyone. For the buyer, they know exactly what they are getting. For the seller, this ensures that the buyer never comes back on you later with legal issues for what you sold. And it basically keeps everything above the board, legal, for the entire real estate transaction.

If you’re looking to buy or sell in the Red Deer area, give Tony Sankovic a call today! 403.391.4236

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Buyer Advice: What are the Benefits of Getting a Home Inspection?

Wed, 18 Jul by tonysankovic

Why Should I Consider a Home Inspector?

Buying a new home is an exciting time in your life! Whether this is your first home or your sixth home, finding that perfect house and then proceeding with finalizing the details is both exciting and stressful. Any time that you are purchasing a home, you need to be certain of what you are getting. How can you do this? There are several things that you can do to ensure that you are getting a house that is worthy of being your home. However, one of the most important aspects is to have your potential home inspected by a professional.

What is a House Inspection?

An inspection is a process in which a licensed professional look at the home you are interested in and gives you a thorough inspection. He or she may be looking for damage that may affect you later if you were to buy the house. Problems that your mortgage company may not allow for the mortgage to go through. And they are looking for anything that doesn’t seem to be right. Their ultimate goal is to ensure that the house you are considering buying is going to be safe and last for several years to come without any major repairs having to be done.

The Benefits of a Home Inspection

For those people are who are considering a home inspection, they will find that there are many benefits to this and is a wise decision to make. These benefits include:

It can save you money in the long run

The information that an inspector can find from looking through a home can save you money in the long run. For example, while the average cost of an inspector is anywhere from $200 to $500, they may be able to save you around $25,000 of electricity issues that require a complete rewiring of your home.

The information that a home inspector tells you can be used as negotiations.

What if the inspector finds something cosmetically wrong with a home or even damage to the home? This can be something that you use to negotiate down the price of the home since you are going to have to fix this upon living in the home.

Issues found during an inspection can become the responsibility of the sellers.

One of the biggest benefits that many home buyers find with an inspector, is that he or she may point out issues that the seller must fix before you can buy the property. For example, many mortgage lenders are not going to give a mortgage to a couple for a home that needs a new roof or another type of major repair. When you utilize a home inspector, you will find that you can know the information upfront and require that the sellers make these repairs otherwise you walk away.

You will feel more at ease with what you are buying.

For those who think that they have found the perfect home, having an inspector look at this before signing the paperwork, can give you another boost of confidence. When you know that you are getting a home that is worthy of the price that you are paying and that you are going to have no major issues within the foreseeable future, it can make the process even easier for you.

A home inspection can also help when selling your home.

For those who are getting a home inspection for their home before it is sold, they are going to find that this can often give you more selling power in that you can prove that the home is in great shape. Having this information on hand to show potential buyers is a great way to improve your chances of selling your home quickly and for the price that you want.

Aspects That a Home Inspector Checks

One of the most common questions that people ask once they realize just how beneficial an inspector can be for buying or selling a home is what do these people look for in a house? There are several aspects that an inspector is going to come into a home and look at. For example:

  • The structural components of the home including the roof, foundation, attic space and even looking at cracks in the floor.
  • Exterior faults such as if there is broken seals on the glass windows, is the porch/deck in good shape, is the garage door fully functional, and other elements.
  • The roof is examined in detail for loose shingles or if the inspector thinks that this will need to be fixed in a year or two. He or she will also examine the gutter, chimneys, nearby trees and the like.
  • Plumbing is tested to ensure that it works properly and is up to code.
  • The electrical is looked at it to ensure that it is up to code.
  • Heating and air conditioning systems are checked to ensure that they work.
  • The inspector looks at what type of insulation is used throughout the home.
  • He or she may also look at the appliances in the home to ensure they are functional.

As you can see, the aspects that an inspector checks are vital components to ensuring that you are not only happy in a home but also safe and not making a purchase that you will regret later.

Should You Consider Hiring a Home Inspector?

The answer to this is yes. After all, don’t you want to ensure that the home you get is worth the money that you are paying? The home inspector is one vital element in finding this answer. You will save money in the long run, have better peace of mind, and you are making a smart decision in working with a home inspector before buying a home. Keep in mind that several mortgage companies now want everyone to work with an inspector before they approve the loan!

Looking for more information on buying a home in Red Deer or ready to buy and looking for a Realtor®? Get in touch with Tony Sankovic – the Right Agent, the Right Attitude. 

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Market Update to June 30 – Red Deer Real Estate Stats

Thu, 12 Jul by tonysankovic

Red Deer Market Update – June sales in central Alberta were down compared to May in most central Alberta markets except Red Deer, which managed a slight increase.  In that time the number of active listings has experienced slight increases in some markets and slight decreases in others.

There are several big picture issues that are influencing the real estate market in Alberta, positive and negative.  On the positive side, oil prices are up again and there appears to be some good news on the pipeline front – Kinder Morgan still in progress rather than stopped completely, Enbridge’s Line 9 has received further approvals in the U.S (although there are still some regulatory hurdles) and even the long-delayed Keystone appears to be making headway.  And, for the first time in three years, Alberta experienced a positive net inter-provincial population increase in the first quarter of 2018.

On the negative side, the escalating trade war between Canada and the U.S. is causing some real financial stress for some, but more importantly, anxiety and a loss of confidence on the part of many Canadians.  That loss of confidence causes people to hesitate when it comes to large decisions, one of the most important being home purchases.  We do believe the market may have bottomed out with better prospects for the balance of the year on the assumption that the trade issue doesn’t escalate further.

RD STATS June 2018

Today’s market favors the Buyer.

*For current STATS on additional central Alberta locations, see bottom of website’s Home page.

The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the Central Alberta REALTORS® Association. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.