Have you ever watched Income Property on HGTV? If you didn’t recognize the name immediately, or don’t watch HGTV much, Scott McGillivray is the young, sometimes goofy, host of HGTV’s Income Property show. He started buying investment properties while he was still in college and found he had quite the knack for it, and now owns over 700 properties 15 years later. Scott is coming to Edmonton on February 4th for something he calls The Wealth Tour and wants to tell you about how to make money in real estate investment. Registration is free. You can find more information (and register) here.
Spruce Grove and Stony Plain in the News
Don’t Forget About the Winter Carnival Happening Tomorrow in Stony
Stony Plain Council Hatches a New Project- Backyard Chicken Pilot Program
Business Community Prepares for Carbon Tax’s Impact
More RCMP Staffing for Spruce Grove
Spruce Grove Most Monogamous City in Alberta
Real Estate News
Setting the right list price for a home is a mystery for many sellers. How do you begin to determine what buyers are likely to pay for your property? After all, no two homes are exactly alike. Yet, setting the right price is crucial. You need to avoid the two price “tipping points” that, if crossed, can cause you a lot of problems. The first tipping point is a price that’s low enough for buyers to begin thinking something is wrong. They wonder, “Why is your price so low? What are you not telling us about your property?” But that’s not even the worst problem with this tipping point. If you do get offers at that low price, you’ll have a bigger issue – leaving thousands of dollars on the table. The other tipping point is setting your price so high it discourages buyers from giving your listing a second look. When your price is that high, you’ll get few enquiries and even fewer people coming to see your property. Of course, you can lower your price later, if necessary. But experience shows that reduced prices make potential buyers skeptical. Most sellers who price high in the hopes of getting a windfall actually end up selling for much less than they would have if they had priced their properties correctly in the first place.
So what’s the right price to list your property? The answer is somewhere in between those two tipping points.
Call today for help determining the right price for your property.
Enjoy some fun activities with your family in Central Park tomorrow at the Life & Leisure Expo. There are lots of great things to do and the weather forecast is looking good. For more information visit:
Title insurance works like a standard insurance policy. It protects against future discoveries about a property, some title-related and some non-title-related. It is a form of indemnity insurance for a mortgaged property that covers the loss of an interest in a property due to discovered legal defects.
As an insurance product, title insurance doesn’t “fix” problems. It provides insurance coverage for them. In other words, the title insurer has no obligation to do anything until a problem actually arises. When a problem does arise, the insurer can pay damages or actually fix the problem.
For futher information on types of title insurance and how they can help visit:
When would you talk to a car salesperson? Probably only once you’re ready
to buy a new car. You would do some initial research (perhaps on the
internet), get an idea of what you want, and then go to the dealership to
meet a salesperson, test drive the car and make the purchase.
Although that approach may work when you’re buying a car, it’s not the best
approach when it comes to real estate.
You see, successfully buying or selling a home requires a lot of planning
and legwork. You want the process to go smoothly, the right decisions to be
made, and the best possible deal to be negotiated.
After all, this is the purchase and/or sale of your home!
So, the best time to talk to a REALTOR® is as early in the process as
In fact, even if you’re just thinking of buying or selling — and simply want to
explore the possibility of making a move sometime this year — you should
have a conversation with a good REALTOR®.
A REALTOR® will answer your questions, provide you with the information
and insights you need, help you avoid costly mistakes, and make sure
you’re heading in the right direction.
When you are ready to buy or sell, having worked with a REALTOR® early
in the process will help ensure you get what you want.
So talk to a good REALTOR® when:
• You have a question about the local market.
• You want to know what your home might sell for today.
• You’re interested in checking out homes currently available on the market.
• You’re in the midst of deciding whether or not to make a move.
• You’ve decided to buy or sell.
Starting on February 15, 2016, buyers will now be required to provide a minimum down payment of 10% on all homes that are priced above $500,000. However, the higher percentage will only apply on the dollar value in excess of that price. For example, if a buyer was to purchase a home valued at $750,000, the down payment would be $50,000; $25,000 on the first $500,000 at 5% and $25,000 on the additional $250,000 at 10%. For more information visit: