All Blog Entries by Ed Machart

Found 14 blog entries published by Ed Machart.

Want a master suite with a walk-in closet? A double attached garage? A newer kitchen with high-end finishes and appliances? An open concept floor plan so you don't feel like you're cut off from your company when preparing dinner? These are not unreasonable desires for your next home but can be hard to find in pre-owned homes on the market, especially if the homes you are looking at are 25+ years old.

So you've exhausted the market and are now considering purchasing a new build. You get to choose the floor plan and the finishes, so it's understandable that you would be feeling this as an option. No matter how shiny and new sounds in theory, though, there's always pros and cons that should be considered before you buy a house. Let's dive into the

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A buyer looks at your home, makes you an offer, you negotiate, a deal is made, and your home is sold! It's as simple as that, right? Well...not always. Could you have gotten more for your home? Did you eliminate a large portion of the buyer pool by not offering a buyer commission? No matter what led you to the decision to sell your home by yourself, here's some of the best professional real estate advice I can offer.

Compare Your Home to Others on the Market

Don't let your emotions or your need for a specific sale price impact your review of homes on the market now. Take into account that listing prices are not sale prices. Make fair compromises when it comes to determining your home’s value, and be sure that the price you come up with is based

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Did you know that almost 50% of North Americans have a tendency to leave home repairs undone? Are you one of them? For many homeowners, it often comes down to simply not knowing everything that needs to be done to maintain their home. For others, it is a matter of putting it off again and again.

While little problems can be fixed quite easily, if caught in time, those same issues could become more complicated and possibly even disastrous later, especially when it comes to marketing your home to buyers. Clogged gutters could turn into water-damaged walls, chipped paint could lead to wood rot, and dirty filters could shorten the lifespan of your furnace. 

Maintaining a home can be quite a bit of work, especially if you don't know what needs to be

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Canadian interest rates are low, and Saskatoon home buyers are rushing to lock in the lowest possible interest rates. However, low interest rates are not the only thing to consider and be aware of when looking into and applying for a mortgage. Below I will explore some of the biggest mistakes some house hunters make before they even offer on a home.  

Spending Too Much on a Home

Lenders are legally prevented from approving mortgages for more than 35% of your household income, but most financial advisors recommend mortgages no more than 28% of your income. However, just because you may be approved for a larger mortgage does not mean you should purchase a home for that maximum amount.

Do your homework. You know your family's spending habits—is

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Finding a foreclosed property for sale is not easy—it takes patience and a lot of searching. But the thought of finding a gem for a great buy is a dream for any investor, making foreclosed homes an appealing option!

Having said that, purchasing a foreclosure is definitely not for the inexperienced. And in order to handle the process best, you will need to have a strong team of real estate professionals on your side. Let’s take a deeper look into foreclosures and see if you’ve got what it takes to purchase a foreclosed home.

Buying a Foreclosed Property

Benefits: 

Great Price - Perhaps the biggest appeal to buying a foreclosed home is the chance to purchase a great property for less than market value. This is a very real possibility, since

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Entering the real estate market and buying a home can feel overwhelming. You may be asking yourself where to start and what do I need to know? Well, to help you get started, I’ve compiled a list of frequently asked questions to help you get you ready for your home search!

What Should I Do Before Starting My Home Search?

This is a great question because it means you realize that buying a home begins long before the house hunt. Saving for a down payment may take months or even years to accomplish and having a down payment ready to go is the first step on your journey to home ownership.

Next, you will need to look into your finances, set a budget, and interview lenders to shop for your ideal interest rates and mortgage options. Once you’ve

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Do you know what a preferred buyer is and how to attain this status? If you are serious about buying a home in the near or not so distant future, understanding how you can become one will be important to you. Becoming a preferred buyer in a seller’s market could mean the difference between an accepted offer on the home you’ve fallen in love with and not even receiving a counter offer back. So how do you gain preferred buyer status?

Increased Deposit

An Increased Deposit will go a long way to making you a preferred buyer in the eyes of the seller, showing them that you have a little bit of skin in the game. Once a seller has accepted an offer, they traditionally lose other potential buyers and/or offers, leaving them at risk if something should

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The real estate market is data-driven and, as a REALTOR®, it is my job to not only be familiar with this data, but also to understand how it will impact both my buyers and sellers at any given time so that I can protect their best interests. There are those who will rely entirely on the experts to advise them, which is why I continually focus on this aspect of my job. But if you're at all interested in the basics, understanding what is happening in the real estate market for yourself before you dive in could give you an advantage over the competition.

Let’s take a look at just a few key market stats that will help you learn more about what is happening in your current real estate market:

Sale-to-New-Listing Ratio

Whether you are buying or

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A very small portion of the population is able to pay cash for a home purchase. Most people need to take out a mortgage to purchase a home. Small changes in interest rates can make a big difference in how much interest is paid over the lifetime of the mortgage. Join me as I explore what the interest rates are doing since COVID-19 hit and why you should sell now, during a pandemic.

Interest Rates in Canada

The Bank of Canada slashed its benchmark interest rate to help stimulate the economy. And even though the Bank of Canada doesn’t set all mortgage rates, they do have some impact on rates overall.

The Bank of Canada uses interest rates to control the economy. When the economy is strong, they may raise the rate to keep inflation from rising

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Purchasing a home, especially as a first time home buyer, is a big decision and there are a lot of scenarios to consider. Now add in buying in a seller’s market, and it’s easy to feel overwhelmed. This guide will help take the guesswork out of the scenario for you and give you some tools and understanding of the process.  

A Brief Explanation of the Real Estate Market

Real estate and the housing market is cyclical, and these cycles are influenced by a number of factors, including interest rates, economic conditions, and consumer confidence. Together, all of these can create a shortage or surplus in housing, which is when we will see either a seller’s or buyer’s market.

A seller’s market happens when there’s a shortage in housing or more

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