Terry, How can you negotiate our Edmonton home for the best price possible?

Key Tip:

Remember, it is not where you start the offer, but rather where/how you finish it. Stay calm and relax. We as professionals are here to negotiate for the best possible outcome. The Terry Paranych Team strives to get you top dollar.

Have your own question that you would like me to answer? Contact the Terry Paranych team now!

Until next time…

The Terry Paranych Team

Over the course of the last six months, there have been heated discussions over the new potential downtown arena proposed primarily by the Katz Group of Companies. The debates have ranged from how it will effect downtown, to what it will cost taxpayers and what will even happen to the existing Rexall Building.

Personally, I know that if we do not move forward with progressively driving the revitalization of our downtown  with this arena, we the people of Edmonton will miss out. This is especially true for the real estate investment potential of downtown and the urban movement that will come with it.

When I talk to younger potential Edmonton home buyers – they share stories and desires of how they want to see Edmonton become a major metropolitan centre -  proud and more successful than ever. A city that they can live local in (with all the amenities and entertainment nearby) and a place that  drives them to be motivated and to succeed .

In respects to the Edmonton Real Estate Market, I know that if the arena does go through, there would be no better time to buy a prime piece of downtown Edmonton real estate like the present. Whether you are a young professional with a desire to live central, or an investor who knows purchasing a condo in this area would be beneficial – I recommend starting your search for the perfect property today.

Young Professionals – Prior to purchasing your new property, remember to keep in mind:

• Your lifestyle – What size of condo would work for you? How close would you want to be from specific amenities? What is the property age demographic?
• Make sure that you can afford both the mortgage as well as the condo fees.
• What amenities or services would you like in your condo development or nearby?

Condo Investors:

• Remember to take a long term view of your potential investment – Does it have a positive cash flow?
• Research – which neighborhoods have better potential – which areas have less properties on the rental market and have a greater demand for them?
• Review Economic Factors – Population, job growth, average incomes and so on.

Whether you choose to invest in the downtown Real Estate market or not, is completely up to you. Regardless, the downtown is in need of a  major revitalization. 104 Street and Jasper Avenue are already making head way in creating a more urban environment. The Edmonton downtown arena and its proposed additional facilities will promote downtown Edmonton as an urban, forward thinking destination to live.  As an Entertainment Centre, the city of Edmonton will be filled with more energy and excitement, connecting more to the world than ever before.

For more information on the proposed Arena, please visit Revitalize Edmonton. Alternatively, if you are interested in buying an Edmonton Condo, start your search. Want to learn about new Edmonton developments – contact the Terry Paranych Team today.

Photo Provided By Daryl Katz Group – visit their website – Revitalize Edmonton

Terry, What should we do to improve the overall look of our home when selling?

Interested in learning about additional ways to improve your Edmonton home’s curb appeal? Check out our blog article on improving the overall first impression of your home.

Ready to sell your Edmonton Home – request an Edmonton Market Evaluation Today!

Have your own question that you would like me to answer? Contact the Terry Paranych team now!

Until next time…

The Terry Paranych Team

Edmonton Real Estate Market Continues To Remain Strong

After reviewing how the April market shaped up, I must say that the Edmonton Real Estate market continues to be strong. It is a great time to buy as there is an excellent selection of Edmonton homes for sale on the market. Spring is also considered a prime time historically for people to sell their homes – meaning that Edmonton home buyers have many options to choose from.

Edmonton Home Buyers – Buy Now!

Many home buyers who were originally considering to wait are now jumping into the Edmonton real estate game because they can still lock into excellent mortgage options. Many of the buyers that we are currently working with have secured  5 year mortgages at low interest rates.

Well priced Edmonton properties are continuing to sell fast at top dollar and in many instances receiving multiple offers.

Wondering what the Edmonton Real Estate board is thinking? Here is their opinion:

“ April is the start of the busy second quarter for real estate, and resale housing sales were down over the same month last year according to a report issued by the REALTORS® Association of Edmonton. Average* prices of single family houses moved down compared to a month ago but were up by 8.2% from last year. Condominium average prices moved up from last month and were up 7.0% from April 2009.

“There were three increases to interest rates and changes to mortgage qualifying conditions in April; none of which seemed to slow down the Edmonton housing market,” said Larry Westergard, president of the REALTORS® Association of Edmonton. “Despite the upward movement, mortgage rates are still close to the 10-year average and not out of reach of most homebuyers. In many cases it is a matter of the REALTOR® lowering expectations rather than crushing hopes and dreams.”

Single family residences in the Edmonton area sold on average for $385,359 in April and condominium prices rose to $253,788. Duplex and rowhouse prices of $322,127 were up from last month and the average residential price remained stable at $374,085.”

Highlights of MLS® activity

¹. Residential includes SFD, condos and duplex/row houses.
². Single Family Dwelling
³. The middle figure in a list of all sales prices

* Average prices indicate market trends only. They do not reflect actual prices, which vary from house to house and area to area. For information on a specific area, contact the Terry Paranych Team at 780-457-4777

Plex Developments Limited – Building Quite The Reputation In Edmonton

One of the many companies The Terry Paranych Group of Companies owns and operates is a company called Plex Developments Limited. Plex Developments specializes in infill developments in mature Edmonton neighbourhoods. We felt that there was a real need for residential infill houses in Edmonton and for the Edmonton Real Estate market.

We have so many incredible Edmonton neighbourhoods that need to be redeveloped. There are so many people that are looking for these types of developments – with the mature trees, bigger lots and nearby amenities.

Whenever we look for a new neighbourhood to develop in, our goal is to ensure that we design and build a home that fits in with the existing neighbourhood aesthetics and personality of the Edmonton neighbourhood.

To learn more about Plex Developments, visit our website at www.plexdevelopments.ca or watch Eyes on TV featuring Plex Developments on Paranych TV.