register | confirm account | forgot password
Jason Thomas BCom
Royal Lepage Summit Realty
2611 Ellwood Dr S.W., Edmonton, Alberta
P: 780.499.5696
F: 780.431.1600
Email

Thursday, June 13, 2013 - Relocating to Edmonton

Relocating to Edmonton

I often work with clients relocating to Edmonton.  Most years I help 10 or more families relocating from other cities and regions of Canada or other countries and into the Metro Edmonton area.  I've put together a few questions and answers that might be of help should you be relocating.

Question: Should I have my home sold before I buy?

Answer:  This is a big one.  I highly recommend you sell your current home first, you should have a firm, unconditional offer on your existing home.  Even if you can financially swing buying before you sell, it converts you from a want to seller to a have to seller.  Your negotiating power on the selling of your home is definitely weakened when you have the added pressure of paying for two households.  The other problem is if you do have to sell your current home in order to buy the new home, the seller will most likely put on a 24/48/72 hour clause condition, which means your offer can be bumped at anytime by another buyer.  This is a very emotionally draining position for a family to be in.  You think you have your dream home tied up and it is pulled out from under you.  Not fun. 

Question: How many homes should I be looking at?

Answer: The average number of homes a local buyer will physically look at when they are utilizing the internet in their search is 8.  I find that my buyers that are from out of the area normally look at double that number  (15 or so).  That does not mean everyone looks at that amount, as it depends on how many homes are for sale in your price range and area, but it is a fairly accurate average. What sometimes takes more time when people relocate is narrowing down to the area they want to live in.  I completely understand it can be difficult to pick a neighbourhood when you have not actually lived in the city you are relocating to.

Question: I only have a week to find a home.  Is a week enough time?

Answer: Surprisingly yes!  I have actually found that 2 or 3 days of power shopping (looking at 8 or more homes per day) normally is enough time to pick your new home.  That still gives you time to line up a building inspection and be present for the inspection before you have to return to your current home.  In fact, I do not ever remember having a client not being able to find a home in the week they were given.

If you have questions, or need more information about Edmonton, please don't hesitate to contact me at Relocating to Edmonton

posted in Edmonton Real Estate Market Reports by Neighbourhood at Thu, 13 Jun 2013 20:31:01 +0000



Archives

Categories


Home Evaluation Button
Button advertising your home evaluation feature
Home Evaluation
MLS® Search Button
Button advertising your MLS® Search page
Map-based MLS® Search
Photo and business card details widget
Jason Thomas BCom
Agent Photo
TelephoneOffice Phone:
780.499.5696
TelephoneFax:
780.431.1600
Email MeEmail:
Data last Updated: 2024-03-29 at 04:33:33 GMT America/Edmonton
This site's content is the responsibility of Jason Thomas BCom, licensed REALTOR® in the Province of Alberta.
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.
The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

© 2024, All Rights Reserved | Privacy Policy | Mobile Site | REALTOR® Websites by RealPageMaker