17 Attwood Drive, St. Albert. Click for more photos and pricing

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Spacious 3 bedroom bungalow on a tree lined street in Akinsdale awaits your approval. Over sized double detached garage is ideal for the homeowner who requires shop space as well as parking with attic storage. Upgraded kitchen with stainless steel appliances. Large master has a two-piece ensuite. Much of the home has been recently painted. Newer shingles.

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17 Attwood Drive, St. Albert. Click for more photos and pricing

17 Attwood Drive, St. Albert T8N 2T4. Click for more photos and pricing


Latest in Mortgage News: 4 in 10 Buyers Open to Purchasing a Home “Virtually”

Here are some of the other impacts COVID-19 has had on homebuying and selling decisions:

Latest in Mortgage News: 4 in 10 Buyers Open to Purchasing a Home “Virtually”

Four out of 10 Canadian homeowners said they were “open” or “somewhat open” to buying a home while only being able to view it through electronic means. A third (33%) said they would not purchase a home virtually.


7 Metros With the Biggest Rent Growth Over the Last 5 Years

With the help of our team of data scientists over at BPInsights, we want to share with you the top metro areas in the U.S. that saw the largest rent growth over the past five years. We’re not going to go super in-depth on why these metros made the list—it may be a lot of different reasons, like population increases or influx of new jobs or companies offering higher wages, more development, whatever.

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Here I just want to give you the hard data as to which metros saw the biggest rent growth over the past half a decade. And then maybe you can do some research to see if you want to invest there.

7. Phoenix, Arizona

Starting with number seven, it’s the sunny area of Phoenix. In 2015, the average rent in Phoenix was $1,049. But over the last five years, rent shot up by $508 to $1,558 on average in monthly rent.

That means it increased by 48% over five years. If you’re looking at it in terms of a compounded annual growth rate, which is a big fancy term, that would mean rents on average increased 8.2% per year over that timeframe. Crazy.

6. Las Vegas, Nevada

Now, if you placed your bets correctly, you would have been in the money with our number six metro: Las Vegas. Rents in Las Vegas shot up by 48.9% over the past five years, from $1,112 per average up to $1,655 in average rent in 2020.

Now this slightly edged out Phoenix with an 8.3% compounded annual growth rate over that same time period.

Related: Looking to Invest Out of State? Here’s How to Pick and Analyze a City

5. Atlanta, Georgia

Number five, we travel east all the way to Atlanta. Atlanta saw a 51.3% rent growth from 2015 to 2020. Their average monthly rent of $1,288 in 2015 increased by $600 towards that today for an average monthly rent of $1,949. That computes to an 8.6% compounded annual growth rate.

Aerial view downtown Atlanta skyline

4. Arlington, Texas

For number four, we have Arlington. Rents there shot up by 53% over the past five years from $894 in average monthly rent in 2015 to $1,368 in 2020. You know that rent increase is $474, equivalent to an 8.9% growth rate

3. Sacramento, California

Moving back to the West Coast, our number three metro: Sacramento. Sacramento experienced a 53.4% increase in rent growth from 2015 to 2020. Their average monthly rent went from $1,066 in 2015 and increased by $569 to where it’s at today for an average monthly rent of $1,636. That’s an 8.9% compounded annual growth rate

Related: What to Do If You’re Located in an Expensive Real Estate Market

2. Colorado Springs, Colorado

In second place, we head to the Springs. No, not Palm Springs. We’re talking about Colorado Springs.

Colorado Springs earned an impressive (if you’re a landlord) or scary (if you’re a tenant) 55.4% increase in average monthly rent over the past five years. Since 2015, monthly rents have increased by $595 there, from $1,074 in 2015 to $1,600 in 2020. That compounded annual growth rate: 9.2%.

Drumroll, please…

1. Saint Petersburg, Florida

At number one, the metro with the highest rent growth over the last five years is St. Petersburg.

Did you guess that? No worries, I didn’t either.

St. Petersburg, also known as the Sunshine City, blew past the competition with a 63.8% rent growth from 2015 to 2020. So in 2015, if you were to rent a place, it would have on average cost you $1,199. Fast forward five years, that same unit would cost you $765 more every month—$1,964 a month. That’s right, $765 average rent increases in five years.

St. Petersburg was the only metro in America with a compounded annual growth rate over 10%, at 10.4%.

Colorful condos, condominiums colorful, orange yellow multicolored buildings facade exterior with windows, palm trees, mansion real estate property in Florida or Spain

I hope you enjoyed digging into the numbers on the top seven metros with the highest rent growth over the past five years. Now, before I end, I do want to throw a little disclaimer out there. As is true of investing in stocks, past performance is not indicative of future results. So before you grab this list and assume that you are automatically going to get a 10% increase in rent every year if you buy a property in St. Petersburg, that may not be true.

As always, I encourage you to do your research and make sure you have the right team set up before you jump into a new real estate market.

Are you planning to invest in any of these markets? What do you think will make next year’s lists?

Tell us your plans and predictions in the comments.

2020-06-21 21:00:43

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Real Estate Terms: RE/MAX Home Seller’s Glossary

Selling a home can be complicated. There’s lots to do, from preparing the property for sale, to marketing the listing, to the negotiations and paperwork. Your RE/MAX agent is there to guide you through the process, but if you’ll be selling your home in the future and want to get a head start on the planning process, below is a list of some common real estate terms. Read them, learn them. By familiarizing yourself with these home-selling basics, you’ll be better equipped to make a smart ­– and hopefully lucrative! – home sale. 

Home Seller’s Glossary: 20 Real Estate Terms to Know

Asking Price
The price that the seller has agreed to list their property for. The asking price is different from the selling price, which is the final price that has been agreed upon by the buyer and seller.

Balanced Market
In a balanced market, there is an equal balance of buyers and sellers in the market, which means reasonable offers are often accepted by sellers, and homes sell within a reasonable amount of time and prices remain stable.

Bridge Financing
A short-term loan designed to “bridge” the gap for homebuyers who have purchased their new home before selling their existing home. This type of financing is common in a seller’s market, allowing homebuyers to purchase without having to sell first.

Buyer’s Market

In a buyer’s market, there are more homes on the market than there are buyers, giving the limited number of buyers more choice and greater negotiating power. Homes may stay on the market longer, and prices can be stable or dropping.

Unattached items in the home that can be removed without doing any damage to the property, such as curtains, but not the curtain rods since they are physically attached to the home. Chattels are usually not included with the home purchase, unless specified in the Agreement of Purchase and Sale.


This is the final step in the home selling process. Once all offer conditions outlined in the Agreement of Purchase and Sale have been met at the end of the closing period, ownership of the property is transferred to the buyer and the keys are exchanged on the closing date outlined in the offer.

Conditional Offer
When the sale of the home hinges on predetermined conditions, such as “conditional on financing” or “conditional on a satisfactory home inspection.” If the conditions are not met, the buyer can back out of the deal.

When the original offer to purchase a home is rejected by the seller, the seller can counteroffer with adjustments, usually to the price or terms of the purchase, such as the closing date.

Curb Appeal
The appeal of a home when viewed from the curb. Curb appeal includes the home’s exterior, front yard, and anything else that’s visible from the street.

Current Market Assessment
A CMA (Current Market Assessment) is provided by your real estate agent during the listing process and is complimentary. This report assists with determining the asking price of the home, using current housing market information such as supply and demand, seasonality, home information like location, age, square footage and more.

Items that are physically attached to the home and require tools to remove. Fixtures are included as part of the purchase. Examples of fixtures include ceiling lights, cabinet hardware and appliances. If the seller plans to take any fixtures with them when they move, either remove them prior to listing the home, or be sure to specify the fixtures in the Agreement of Purchase and Sale.

Acronym for “For Sale By Owner,” meaning the seller hasn’t retained the services of a real estate agent or broker to assist with the sale of their home. By virtue of the FSBO, the seller will avoid paying the real estate agent’s commission fee, which is split between the listing and buying agent.

Home Value Estimator
A home value estimator is a tool, typically found online, that helps home sellers estimate the value of their property. The result is an estimate and different from a detailed property assessment provided by a Realtor.

List-To-Sale-Price Ratio
The difference between the listing price of a home and the final selling price, expressed as a percentage. If the list-to-sale-price ratio is more than 100%, the home sold over asking. If it is below 100%, the home sold under asking.

The Multiple Listing Service, commonly referred to as MLS, is a real estate selling system operated jointly by real estate Boards and Associations across Canada.

An offer is a legal agreement to purchase a home. An offer can be conditional on a number of factors, commonly conditional on financing and a home inspection. If the conditions are not met, the buyer can cancel their offer.

Transferring your mortgage (and the existing interest rate and terms) from one property to another.

Seller’s Market
In a seller’s market, there are more buyers than there are homes for sale. With fewer homes on the market and more buyers, homes sell quickly in a seller’s market. Prices of homes are likely to increase, and there are more likely to be multiple offers on a home. Multiple offers give the seller negotiating power, and conditional offers may be rejected.

Preparing a home for sale to appeal to a wide range of homebuyers. The staging process often includes decluttering, depersonalizing, deep-cleaning, and minor updates such as painting and rearranging furniture.

Virtual Deals
The home-buying process completed by means of technology in place of face-to-face contact. Some common technology tools include 360 home tours and video showings, video conference calls, e-documents, e-signatures and e-transfers.

2020-06-23 18:41:47

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9707 105 Street Northwest, Apt 805, Edmonton. Click for more photos and pricing

Check out this home!

8th floor high rise with two bedrooms, two full bathrooms overlooking the Re/Max Field, and pets are allowed! What more could you want with this amazing view? The unit has an open concept, with eat in bar, gas fireplace, central AC unit in master and in the living room, views to both east and south, and location at the end corner unit. The view is amazing.

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9707 105 Street Northwest, Apt 805, Edmonton. Click for more photos and pricing

9707 105 Street Northwest, Unit 805, Edmonton T5K 2Y4. Click for more photos and pricing


5 Markets Where Rents Are Plummeting Due to COVID-19

What real estate markets are really getting hardest hit by COVID-19? We can start to look at some of the recent data to find some answers. These five cities have seen the largest percentage decrease in average monthly rents between January and May of 2020.

2020-06-13 21:00:00

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The Pros and Cons of Investing in Military Base Properties

Considering investing in property on or near a military base? While this type of investment could be a great addition to your portfolio, you need to carefully dissect each aspect of the opportunity before you decide whether you want to give it a go. Here’s what to consider.

2020-06-14 16:00:25

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