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Heather Faulkner - Edmonton Real Estate

Heather Faulkner, Realty Executives North Star, blogs about Real Estate

Open House in Summerwood on Sunday

May 2012
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Summerwood, Sherwood Park  -  We invite everyone to visit our open house at 540 Suncrest Lane on May 20 from 2:00 PM to 4:00 PM.

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Price Reduced on 23 55517 Rng Rd 240 in Sturgeon County

Sturgeon County, Edmonton Area  -  Announcing a price reduction on 23 55517 Rng Rd 240, a 2,119 sq. ft., 3 bath, 5 bdrm bungalow. Now MLS® $589,900 - .

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Price Reduced on 540 Suncrest Lane in Summerwood

Summerwood, Sherwood Park  -  Announcing a price reduction on 540 Suncrest Lane, a 2,126 sq. ft., 4 bath, 5 bdrm 2 story. Now MLS® $524,900 - Reduced!.

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Bungalow For Sale in Sturgeon County

• 2,119 sq. ft., 3 bath, 5 bdrm bungalow - MLS® $619,900

 -  Established acreage subdivision only minutes from the city & walking distance from Spring Creek Golf course, provides the distinguished buyer with the opportunity to own the MILLION DOLLAR VIEW of the peaceful valley with the high-rises of downtown the distance, established trees, and a home built like no other. This expansive 2120 square foot walk out bungalow features concrete floors on both levels with in floor heating. Many upgrades include PEX water pipes, light fixtures, appliances and so much more. With a double attached garage and a 40x25 shop featuring 10' doors, the auto enthusiast will have space for everything. The 3.01 acres are fully fenced for your equine friends too.

On the main floor you will find a LARGE living room with beautiful bay window, a formal dining space (currently utilized as a music room), a HUGE eat-in kitchen with room enough for a table to seat 12, a family room with natural gas fireplace, 2 bedrooms, bathroom and the master suite featuring a 5 piece ensuite including a bath tub made for two. In the basement you will find an expansive recreation room, huge bedroom, huge laundry room, utility room and an inlaw suite featuring full kitchen, walk-out living room and ENORMOUS walk-out bedroom (converted from oversized single attached garage).

This

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Bungalow For Sale in North Glenora

Exterior Front

• 951 sq. ft., 2 bath, 3 bdrm bungalow "Like New" - MLS® $459,900

 -  Another Fine Home by Bradson Construction Group is awaiting you. This home has been renewed with upgrades that will give you a worry free future. Have a look at the pictures, you can see that everything has been done from the HARDWOOD floors, to the new kitchen with GRANITE countertop & backsplash, to the full basement with FAMILY ROOM, additional bedroom and bathroom, to the deck, to the frost free taps outside. Its the improvements you don't see that are key -- the weeping tile that ties into the sump pump ensuring years of dry basement, the backwater valve, the upgraded insulation, upgraded wiring, upgraded plumbing. This is not just a "make it look pretty" renovation. This truly is a FINE BRADSON HOME.

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Price Reduced on 2 Mont Clare Place in Mission Park

Mission Park, St. Albert  -  Announcing a price reduction on 2 Mont Clare Place, a 2,222 sq. ft., 6 bath, 6 bdrm duplex "Both Sides". Now MLS® $760,000 - REDUCED!.

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Duplex For Sale in Mission Park

2 Mont Clare Place

• 2,222 sq. ft., 6 bath, 6 bdrm duplex "Both Sides" - MLS® $799,900

 -  Attention investors! This full side by side duplex is an exceptional find for St. Albert. This property consists of both sides of the duplex on one title, bringing you lower taxes and an exceptional opportunity to generate income. Consider living in one side and renting the other, or rent out both with a positive cash flow potential. Both sides feature gleaming hardwood floors, beautiful granite counter tops, fully finished basement with a wet bar on side A and a kitchenette on side B. Each side features two large bedrooms on the main floor and a bedroom + Den (currently used as bedrooms) in the basement. The house also comes complete with a triple car garage, sectioned off with a double garage for side B and a single for side A. Side A also features RV parking, and a nice sized back yard area with a fire pit. The location is conveniently close to transit and shopping making this a perfect property for seniors, snowbirds, investors, group home, and anyone who wants a really nice home with someone else paying off the mortgage.

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Price Reduced on 11007 144 St NW in McQueen

McQueen, Edmonton  -  Announcing a price reduction on 11007 144 St NW, a 1,146 sq. ft., 2 bath, 3 bdrm bungalow. Now MLS® $369,500 - Reduced!.

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Buying Edmonton Real Estate, get Pre-Approved for a Mortgage First!

The first step in home buying is always getting prequalified for a mortgage.  It saves you, the buyer, a world of heartache and stress.  A prequalified buyer can confidently look at homes they know they can afford and know they can buy. 

Who should you go to for prequalification?

Many people think the first place to start is going directly to their bank. While the bank certainly can prequalify you for a mortgage, choose this option ONLY IF you have an established relationship with the bank that includes investment products. In other words, make an appointment with your bank if you have enough money that the bank wants to keep you happy.  If this is the case you will likely get good, timely service.  The banks want to keep your money where it is, with them.  They will likely give you their best rates up front.  Sadly, this often isn’t the case for everyone else.  I still recommend double checking your rates through an experienced mortgage broker, just to be sure.  At the end of the day, if you can save a few thousand, does it matter if you filled out the paperwork sitting in the banks office, or at your home through a mortgage associates?

For everyone else – Go directly to a Mortgage Broker**.  Chances are, the mortgage broker deals with your bank anyway.  These guys all work on commission, and do not work for the big banks. They work hard for your business.  Unlike their salaried counterparts sitting happily in their offices in the branch, if you don’t get a mortgage, mortgage associates don’t get paid.  They will do whatever they can to make sure you get the mortgage you want and your file goes smoothly.

Additional, by selecting a mortgage broker you will have a larger variety of lenders to choose from, and typically, you can get better rates. 

**Remember, not all mortgage associates or brokers are equally efficient or experienced.  Email me for a list of tried, tested and true Mortgage Associates (mortgage brokers) and mobile mortgage specialists.

What information will the lender ask for:

Your bank (aka lender) will start asking general questions about your income and debt load.  It is VERY important that you provide them with all the information they ask for.  Commonly overlooked items are cars that you co-signed for, or store credit cards you forgot you have.  If you have too much credit, you will have a hard time getting a mortgage!  Once you are comfortable working with that mortgage agent, they will get your permission to pull your credit report.  They may also need a letter of employment from your employer, copies of bank statements showing that you actually do have the down payment and copies of your tax assessments for the last 2 years.  If you are self-employed they will need much more than that, so I hope you kept good records.  Getting these things can take time – that’s why you need to work on it right away.  Many a buyer has lost their dream house to another interested buyer because they couldn’t get their documents to their mortgage broker before their condition date.

Now you have your documents in, you are prequalified (or preapproved)!  You are ready to write up an offer.  You can look at houses in price ranges you know you can afford and if you see the house for you, you can write the offer with confidence!

 

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1 1/2 Story For Sale in Alexandra Park

Front

• 1,172 sq. ft., 1 bath, 4 bdrm 1 1/2 story - MLS® $200,000

 -  Fix it up or build! This 50 x 120 lot is in Alexandra park and surrounded by duplexes on both sides. This would be a great spot for a duplex development. Buyer would be responsible for development applications with the City of Leduc. The house is in a great need of TLC, but could be renovated into a really nice place! Home features vinyl windows!

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4043 Aspen Drive East in Aspen Gardens is Sold!

Sold

Aspen Gardens, Edmonton  -  The 2 story at 4043 Aspen Drive East has been sold.

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Single Story For Sale in Killarney

Front

• 1,147 sq. ft., 2 bath, 4 bdrm single story - MLS® $269,900

 -  Extremely well taken care of through the years, this 3+1 bedroom bungalow was originally custom built by a home builder for himself. He built it better than the current day's standards and features some upgrades that are back in style including the real copper back splash, and the modern styling of the built in china cabinet. While the owners have maintained the original beauty of the home, they did upgraded the shingles, soffit, facia, furnace, and electical. This home is warm in the winter, cool in the summer and dry in the basement. It is uniquely designed (not a typical bungalow) and holds SO MUCH potential for a person with vision! The yard is a huge 50x150, so build your dream shop in the back. Located close to very good schools, O'Leary Swimming Pool, New Children's Splash Park, Shopping and so much more! Zoned RF4 for greater flexibility. They key to a great home has always been starting with a SOLID house. This one is it!!!

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Natural Gas Appliances or Electric?

The vast majority of homes in the Edmonton area have electric stoves. They are cheaper on average to purchase and to install. But are they cheaper to run? What about those gas clothes dryers? How about an electic fireplace?

Atco enegry sense has put out a guide showing consumers just how much they can save by choosing natural gas appliances. I was surprised. Here are some of the numbers

Water heater
Hi Efficiency electric - $42.35
Hi Efficiency Gas - $11.00
Savings: $31.35/month

Clothes Dryer
Electric - $8.36
Natural Gas - $1.80
Savings - $6.56/month

Stove:
Self-cleaning Electric - $4.84
Self-Cleaning Gas - $1.04
Savings: $3.80

So when you are looking at the cost of appliances, keep this in mind! You are likely to own those appliances for many years... you could have a pay back by choosing the natural gas appliances!

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Price Reduced on 4043 Aspen Drive East in Aspen Gardens

Aspen Gardens, Edmonton  -  Announcing a price reduction on 4043 Aspen Drive East, a 1,675 sq. ft., 4 bath, 5 bdrm 2 story. Now MLS® $649,900 - Reduced!.

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4-Level Split For Sale in Keheewin

Front
Investment Property

• 939 sq. ft., 2 bath, 3 bdrm 4-level split "over 1400 sq ft living area" - MLS® $319,900

 -  Attention Investors! Available now is a 3 bedroom split level with oversized single garage to add to your portfolio. This Keheewin home offers over 1400 square feet of finished living space on a quiet street in a good neighbourhood. Currently leased until the end of July 2012 and tenant wishes to stay long term. Perfectly located close enough to utilize the south leg of the LRT, close to great schools and easy access to the Henday and Whitmud. A great property!

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