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MaxWell Real Estate Blog

Home Not Selling? Here Are 6 Reasons Why Featured Image

Has your Edmonton home been on the market for weeks or even months with little to no buyer interest? Worse yet, have you invested time and money into the sale of your home with nothing to show for it but an expired listing?

We’re here to help.

Here are the top six reasons why your home may not be selling.

1. You’re Asking Too Much

We understand you love your home. You’ve no doubt put an immeasurable amount of time, love, money and maintenance into the property, which has, in turn, delivered countless great memories.

For these reasons, it's not uncommon to see a disconnect between what a home seller thinks their home is worth and what it’s actually worth according to Edmonton market conditions. Simply put, market conditions reflect what

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Buying a Home: 14 Hidden Costs to Prepare For Featured Image 

When it comes to buying your first or next Edmonton home, don’t let these additional expenses catch you off guard. Here are 14 hidden costs to prepare for on your new home purchase:

1. Mortgage Penalties

Unless you plan on porting your mortgage or blending and extending, you’ll likely need to break your mortgage contract. As a result, you may need to pay a prepayment penalty, which will vary according to your contract terms. Be sure to consult your current lender in advance.

Free Mortgage Penalty Calculator

2. Mortgage Loan Insurance

Any down payment on a home in Canada less than 20% will require mandatory mortgage loan insurance. While you will need a minimum down payment of at least 5%, keep in mind, the more you put down, the more

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10 Tips For Making Your Home More Appealing to Buyers Featured Image

Boost buyer appeal and sell your home faster (and for more money) with the help of these ten proven tips.

1. Work With a REALTOR®

First thing’s first. We recommend enlisting the help of an expert Edmonton REALTOR®, and for several reasons. Not only will they help you price your home both competitively and fairly (a sure-fire way to attract buyer interest), but they’ll also ensure your listing gets noticed with a fully comprehensive marketing plan.

See our previous post: 6 Great Reasons to Choose a REALTOR®

2. Price Your Home Right (the FIRST Time)

Speaking of pricing, you must price your home right the first time if you hope to sell quickly and for the most money possible. Many sellers are tempted to overprice their home, thinking it

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How to Get Approved for a Mortgage in 5 Easy Steps Featured Image

Whether you’re a seasoned homeowner or a first-time home buyer, navigating the mortgage process can be downright daunting if you don’t know what to expect ahead of time. Don’t worry, we’re here to help!

Here is the start-to-finish mortgage process, summed up in five simple steps.

1. Ready Your Down Payment

To purchase a home in Edmonton (or anywhere else in Canada), you’ll need to come up with the mandatory 5% down payment. While we understand it can be tempting to move ahead as soon as you’ve scraped together the minimum (after all, it can take months or years), keep in mind, the larger your down payment, the more affordable your mortgage will be in the long run.

Mortgage lenders also tend to look more favourably on larger down payments.

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The Top 7 Reasons to Buy a Home in the Winter Featured Image 

Think the only time to buy a home in Edmonton is in the spring or summer? Think again! Here are seven great reasons why wintertime may be the BEST time to hit the market (seriously!).

1. Eager Sellers

We think it’s pretty fair to say that no one WANTS to move in the middle of winter (especially in Alberta). If someone has put their home on the market in thirty-below weather, you can (almost) bet they are selling now because waiting for balmier temperatures isn’t an option.

As a result, you can look forward to highly motivated home sellers who may be more willing to negotiate on sale price, terms of sale, closing date, closing costs and much more. 

2. Less Competition

People aren’t just less enthusiastic to sell in the winter, they’re

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7 Great Reasons to Live in Sherwood Park Main Image

First established in the mid-1950s, Sherwood Park was originally a small community whose sole purpose was to house industrial employees from nearby Refinery Row. Since then, this flourishing city is now home to over 70,000 people and become a top choice for growing families looking for a safe and friendly place to call home.

1. Affordable Home Prices 

Sherwood Park has many affordable home styles to choose from - including apartment condos, townhomes, duplexes and single-family homes. Due to the city’s popularity among families, however, detached single-family homes reign supreme and include older, updated properties, brand new builds (and everything in between). Average prices in the area typically range between the late $300’s and early

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11 Telltale Signs It’s Time For a New Home Main Image

Could it be time for a new Edmonton home? Here are 11 telltale signs.

1. You’re Tired of Paying Someone Else’s Mortgage

Why line someone else’s pockets with your hard-earned money when you could be working towards your own financial freedom? Homeownership won’t just get you out from underneath your landlord’s thumb, it will also help you build valuable home equity and maintain stable monthly payments (goodbye surprise rent increases).

2. Your Family is Growing

Perhaps you’ve met that special someone. Or maybe you and your partner are planning on expanding your home to include children, pets or ageing family members. A larger property will allow you to make room for your flourishing family.

3. The Kids Have Flown the Coop

On the

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Helpful Programs First-Time Buyers Main Image

Are you looking to buy your first home but struggling to come up with a down payment? These first-time buyer programs can help.

CMHC Mortgage Default Insurance

Admittedly, mortgage default insurance isn’t a “program” per se, but it is beneficial for helping first-time buyers realize their dream of home ownership. To purchase a home in Canada, you’ll require a minimum down payment of 5% on the home’s overall purchase price. Buyers with a down payment of 19.99% or less will be required to purchase mortgage default insurance, which protects the lender in the event you, the borrower, default on your mortgage loan. 

In short, mortgage default insurance enables buyers to purchase a home with as little down payment as possible. 

First-Time Home

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The Best (And Worst) Home Renovations For Your Money Main Image

Every year, RemodellingMagazine’s Cost vs. Value Report* reveals the average cost of common home renovations and compares them to the home’s final sale price (as estimated by qualified real estate agents). As a result, homeowners are better positioned to determine which renovations will deliver the biggest bang for their buck and which projects come up short on the cost-recouping scale.

According to the report, below are the top five best (and worst) home renovation projects for your money.

Best Return On Investment (ROI) 

Manufactured Stone Veneer = 95.6% ROI

An attractive alternative to conventional vinyl siding, stone veneer consists of finely cut pieces of stone, available in various colours, sizes and shapes. Durable and

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 7 Steps to Selling a Home Main Image

Are you thinking about selling your Edmonton home? Unsure of where to start? We’ve got you covered! Follow these eight simple steps, and you’ll have your home on the market (and sold) in no time.

1. Partner With a REALTOR®

A successful home sale always begins with a great partnership. Teaming up with an expert Edmonton REALTOR® gives you an advantage over many other sellers on the market, as they know what it takes to sell a home quickly and for the most amount possible. Not to mention, you’ll have peace of mind knowing you have an experienced professional representing your best interests from start to finish.

2. Price Your Home Correctly 

Reputable REALTORS® typically provide their clients with a free service commonly referred to as a

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