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Negotiation Tactics in a Changing Market

Our real estate market has been changing for some time now due to rising interest rates, shifting home values, and buyer demand. As a result, many sellers have been asking how these changes, especially higher interest rates, are affecting negotiations and real estate deals.

Back in 2022, the Federal Reserve started raising interest rates to stabilize inflation and decrease the amount of borrowing and loans. As a result, we’ve seen rising interest rates for over a year, which has cooled buyer demand in many markets. This was the desired and expected result from an economical standpoint, but it’s also changed how buyers and sellers are approaching real estate deals

Because buying a home has gotten more expensive due to higher interest rates, we’re seeing buyers becoming more cautious about going into real estate deals and paying higher prices. Today’s buyers have to be much more careful about what goes into their mortgage payments as opposed to 2020’s buyers, who had record low-interest rates.

For some sellers, this caution and concern on the buyer’s part has resulted in more negotiation and, in some cases, lower offers initially. While we were seeing buyers in 2020 and 2021 enter crazy bidding wars or waive inspections in the hopes of snagging a home off the market, today’s sellers should not expect the same behaviour.

What does this mean for today’s sellers? First, you need a great real estate agent to get you through the selling process. We are still in a strong seller’s market, and an experienced real estate agent will help you make the most of that fact. With the right real estate agent, you’ll be able to attract the best potential buyers and make a strong deal.

You also need to prepare for more intensive negotiations when it comes time to close the deal. Buyers are much more likely to negotiate on things like closing costs, repairs, and of course, the purchase price. Plan for these negotiations to happen before you accept an initial buyer offer. It can also be smart to prepare for any concessions that you’re willing to make to the buyer.

Remember, your real estate agent will guide you through every step of the home selling process and provide strategic advice before listing, while marketing, and at the negotiating table so you can make the most money possible while selling your home.

If you want to talk more about how you can make the maximum profit on your home, let’s connect!


4 Tricks to Save Money While Building a Home

4 Tricks to Save Money While Building a Home

Building a home is becoming more and more common and with good reason! You can design your home exactly the way you want it, complete with your favourite flooring, appliances, and finishes. 

But the process of building a home from start to finish can add up quickly, especially when you add in all the extras like those luxury finishes or specialized rooms. While there are many ways to splurge while building a new home, there are also several opportunities to actually save money on building so you can put that money to use elsewhere! Let’s go through the 4 best tricks to save money on the building process. 

1. Build up not out: If you want more square footage, you might think that the only way is to build out the floor plan on the same level and expand horizontally. But building out requires more foundation, more roof, and extra lot space. These three things can make up the bulk of your home cost. Instead of building out, consider building up by adding a floor. This will help you add square footage without the added cost of expanding the foundation or roof. 

2. Group your wet rooms together: Wet rooms are all of your rooms that require plumbing–think your bathrooms, laundry room, and utility room. By grouping these rooms together, you’ll have your plumbing lines in the same spot. This will decrease the amount of plumbing you need to run throughout the house, which can get expensive!

3. Consider your flooring: Tile and real hardwood floors are nice, but they can get extremely expensive, especially when used throughout the home. Instead of these pricer options, use luxury vinyl plank (also known as LVP). LVP has the look of real wood or tile, but it’s much cheaper. It’s also great with pets and kids and is growing in popularity, so you have lots of options!

4. Look at different building materials: Some builders default to the most expensive building materials like stone and brick. But you can get similar looks at a fraction of the cost with a stone or brick veneer. If you’re not a fan of brick or stone, you can look at other lower-cost building materials like stucco, vinyl or hardy board, or siding. 

Your real estate agent will be able to provide great ideas like these to help you get the most bang for your buck when it comes to building your new home. 

If you want to talk more about the home-building process and opportunities available in our area, feel free to reach out.


3 Tips to Host Thanksgiving in Your New Home

3 Tips to Host Thanksgiving in Your New Home

Wondering how your new home will hold up to hosting a celebration for a holiday like Thanksgiving? Even though Thanksgiving is just around the corner, it’s a fantastic opportunity to get your friends and family together for a party in your new place!

It’s easy to get overwhelmed with hosting, especially if you’re doing it for the first time in a new space, but these three tips will help you have a stress-free Thanksgiving with your loved ones in your new home. Let’s go through the tips!

1. Combine your housewarming party with a Thanksgiving feast: If you haven’t had the chance to throw a housewarming party, then Thanksgiving is the perfect holiday to host! You’ll be able to get all of your loved ones in one place, eat great food, and enjoy your new space together. Because this idea combines 2 separate parties into 1 event, you won’t have to worry about hosting a separate housewarming party.

2. Make it a potluck: Chances are that your holiday kitchen items are still in boxes. But if you host Thanksgiving as a potluck, you can focus on making the big ticket items like the turkey and mashed potatoes and gravy and have your guests cover the sides and the desserts. Not only will everyone get to bring something they love, but you won’t have to stress about unboxing everything right before the big holiday.

3. Serve food you can eat on the go! Everyone is going to want a tour of your new house. Instead of focusing on a traditional, sit-down dinner, you can change it up this year by focusing on tapas (small plates), appetizers, and finger-friendly food. Who knows–it might just become your family’s new tradition!

The secret to hosting a stress-free Thanksgiving in your new home is to find ways to eliminate the extra work or redundancies in hosting. Having a potluck or focusing on smaller on-the-go dishes makes it easier to feed a bunch of people all while enjoying your new home. Plus, if you combine your housewarming party with your Thanksgiving celebration, you’re throwing two parties at once! It doesn’t get much more efficient than that.
No matter how you choose to host Thanksgiving this year, we’re sending you the best holiday wishes–from our family to yours!

5208 46 STREET in Lloydminster

I have listed a new property at 5208 46 STREET in Lloydminster. See details here

Nestled in the heart of Lloydminster West, discover the timeless charm of 5208 46 Street. This historic gem, built in 1910, seamlessly blends classic character with modern comfort. You'll appreciate the blend of classic charm and contemporary updates as you step inside. This 3-bedroom home has been meticulously cared for, with updated shingles, windows, mechanical systems, and fresh flooring that ensures peace of mind and energy efficiency. The kitchen boasts refreshed cabinets and opens to a large porch, creating a delightful meal preparation and relaxation space. No more hauling laundry up and down stairs with the convenience of main floor laundry. Step outside into the fully fenced yard, offering a haven for pets and children. You'll also find an oversized heated garage, a dream for hobbyists and car enthusiasts. The new fence enhances the property's curb appeal, and alley access adds extra convenience to your daily life. 5208 46 Street is not just a house; it's a story of history meeting modern living. It's a place where you can appreciate the past while enjoying today's comforts. Take advantage of the opportunity to make it your own. 3D Virtual tour Available.


2 4501 39 STREET in Lloydminster

I have sold a property at 2 4501 39 STREET in Lloydminster on Nov 16, 2023. See details here

Discover tranquil living in this splendid 3-bedroom townhouse condo, perfectly positioned at Unit 2, 4601 39 Street, in the highly desirable Larsen Grove neighbourhood of Lloydminster, SK. This ideal location places you just a leisurely stroll from excellent schools, inviting parks, and a conveniently accessible hospital. This property reflects careful maintenance, from its updated shingles to its amenities. A single attached garage provides a secure space for your vehicle or storage needs, while the main floor laundry facilities offer a practical touch for everyday life. The living area offers stunning views of a beautifully treed yard, creating a tranquil backdrop to your daily life. The spacious primary bedroom provides the luxury of a generous walk-in closet, adding a touch of elegance to your personal space. Venture downstairs to discover a fully completed basement that hosts an expansive family room. This flexible space can easily accommodate a home office, gym, or entertainment area. The basement also features a utility room and a private 3-piece bathroom, ideal for overnight guests or a growing family. Perfect for the retiree seeking a peaceful residence, the working professional craving a relaxed home environment, or the investor looking to enhance their real estate portfolio, this property is ready to meet a range of lifestyle needs. All appliances are included, making moving into your new home a breeze. 3D Virtual Tour Available.


6202 21 Street Close in Lloydminster

I have sold a property at 6202 21 Street Close in Lloydminster on Nov 15, 2023. See details here

Spacious (over 2000 sq feet!!) modified bi-level located in a cul-de-sac in Lakeside of College Park. Total of 5 bedrooms plus 2 dens and living space abounds! Open concept, great for entertaining with built in speakers, 2 tier sit-down island, pillar accents on main floor, hardwood trim package, custom backsplash, walk-in pantry, gas stove, granite countertops, dedicated dining area with custom cabinetry - all opening up to amazing back yard space at over 900 sq meters! Office off the kitchen for your convenience. Ceiling crown moldings, custom iron staircase railings and main floor laundry room with cabinetry and double sink off garage. Gas fireplace main floor living space. Over 500 sq ft primary bedroom on upper level with bench seating, walk-in closet and double french doors to luxurious 5 pc ensuite with glass shower. In-floor heat in basement and garage, central A/C, central vac, hot water on demand, 9' ceilings including basement with beautiful staircase, built in 16' custom entertainment center & wet bar - loads of storage + pool table area. Two more bedrooms plus a den which could be one more bedroom if required. Or maybe a dedicated exercise area is on your list? At the back of a cul-de-sac means a huge back yard! Oversized double attached garage with pass through to back yard and extra 10 feet deep on one side - perfect for storage or workshop space. Walking distance to Bud Miller Park and Lakeland College. Quick access to 12th street. Size and location can't be beat on this property! All measurements are approximate; buyer to verify.


Open House. Open House on Sunday, November 19, 2023 1:00PM - 2:30PM
Your Dream Home in Lloydminster's Newer Lakeside Neighborhood!

Please visit our Open House at 2009 61 AVENUE in Lloydminster. See details here

Open House on Sunday, November 19, 2023 1:00PM - 2:30PM Your Dream Home in Lloydminster's Newer Lakeside Neighborhood!

Introducing your dream home in the heart of Lloydminster's Newer Lakeside Neighborhood! Step into this modern bungalow at 2009 61 Avenue, boasting over 1300 square feet of contemporary living space. As you enter, you'll immediately notice the stunning vinyl plank flooring that sets the tone for this beautifully appointed home. The kitchen is a true chef's delight, featuring quartz countertops, a convenient butler pantry, and an additional pantry for all your storage needs. The centrepiece of this space is the expansive, electrified island, perfect for gathering with friends and family. The modern farmhouse lighting, with sleek black accents, adds a touch of elegance throughout the home. The primary bedroom is a sanctuary of style and comfort, with an eye-catching accent wall and a luxurious 3-piece ensuite with a custom 4' shower. You'll also appreciate the oversized walk-in closet, providing ample space for your wardrobe. One of the standout features of this property is the exceptional triple-attached garage. It's not just heated but also equipped with a sump and hot/cold water taps, making it a versatile space for all your automotive and storage needs. With over 700 square feet, it's a car enthusiast's dream. The basement is a blank canvas, ready for your personal touch. Whether you envision a home theatre, a home gym, or additional living space, the builder can help you complete the basement to your liking. The outdoor space is equally impressive, with an access door off the kitchen leading to a concrete patio. It's the ideal spot for outdoor dining, and the BBQ line hookups make it perfect for grilling enthusiasts. This home at 2009 61 Avenue offers modern living at its finest, with thoughtful design and quality finishes. Take advantage of the opportunity to make it yours and enjoy the Lloydminster lifestyle in this incredible property.


Unlocking the Lloydminster Real Estate Scene: What You Need to Know

Hi there, folks! Real estate isn't just about houses and numbers; it's about finding your dream home or making a smart investment. If you're in the market for a new place in Lloydminster, Canada, buckle up because we're about to break down some real estate stats that will help you make savvy decisions.

Key Market Stats

What's the Price Tag? The median home price in Lloydminster is sitting at a cool $244,950. That's a sweet spot for those looking to jump into the property game.

Time on the Market: On average, houses are hanging around for about 83 days before they get scooped up. So, no need to rush – take your time finding "the one."

What's in Stock: With 32 properties recently sold, the market's buzzing with activity. There are plenty of options for you to explore.

What It All Means

For Buyers:

Lloydminster is saying, "Come on in!" The prices are competitive, and the average time homes spend on the market suggests you've got some room to negotiate. Take your time, do your homework, and find that perfect place.

For Sellers:

If you're selling, things are looking pretty stable. Most homes are selling close to their asking price, with a 93.76% Sales Price to List Price ratio. So, make sure your property shines, price it right, and you'll attract some eager buyers.

For Investors:

Investors, listen up! Lloydminster's real estate scene is alive and kicking. With the market's steady performance and good rental potential, it's a playground for those seeking long-term returns.

Tips and Tricks:

  1. Chat with a Local Pro:  Real estate can be a wild ride, so consider talking to a local expert who knows the ins and outs of Lloydminster's market.
  2. Money Matters:  Buyers and investors, explore your financing options. There might be some sweet deals waiting for you.
  3. Curb Appeal is King:  Sellers, don't forget to spruce up your property. A well-maintained and nicely staged home can work wonders.

Got questions about Lloydminster's real estate scene or itching to see what's available? We're here to chat, provide expert advice, and help you find your next home sweet home or investment opportunity.

The Lloydminster real estate market is where dreams meet reality. With affordable prices, a balanced market, and a healthy pool of properties, there's something for everyone. Keep your finger on the pulse of the market, and remember, a local expert is your secret weapon. Your real estate adventure is about to get exciting!


Open House. Open House on Sunday, November 12, 2023 1:00PM - 2:30PM

Please visit our Open House at 7214 43 STREET in Lloydminster. See details here

Open House on Sunday, November 12, 2023 1:00PM - 2:30PM

This stunning two-story residence at 7214 43 Street, Lloydminster, Alberta, offers the perfect blend of elegance and functionality, making it the ideal choice for discerning homeowners. As you step onto the upper floor, you'll discover four generously sized bedrooms, thoughtfully designed to accommodate your family's needs. Convenience is paramount, with a laundry room just steps away from the bedrooms. The spacious primary bedroom is a true retreat, boasting a large walk-in closet and a luxurious 5-piece ensuite. Unwind after a long day in the jetted tub, and revel in the comfort and style of your own private oasis. The main floor of this home is designed for both daily living and entertaining. A 2-piece guest bath offers convenience, while the kitchen is a chef's dream, showcasing quartz countertops and a large walk-in pantry. An office on the main floor adds versatility and function to the space. This property goes above and beyond with the inclusion of a legal suite in the basement, complete with a separate entry. This suite offers endless possibilities, whether for additional income or accommodating extended family. The spacious yard is perfect for outdoor enthusiasts and families, with a secure fence providing privacy and safety. Enjoy the convenience of a deck off the dining room, ideal for hosting gatherings. A natural gas BBQ line and fire pit add to the outdoor allure, making this the perfect setting for memorable evenings. Stay comfortable year-round with central air conditioning throughout the home. Keep your vehicles protected in the heated double attached garage. Don't miss this rare opportunity to own well-designed home in Lloydminster's coveted Parkview Estates.


Don’t Ignore These Threats to Your Home

Don’t Ignore These Threats to Your Home

Buying a home is one of the largest investments you’ll make–so it’s important to make sure that it remains a high-value investment! Keeping your property value high is one way to protect your investment and ensure that, when you decide to sell your home down the road, you’ll make the maximum profit. 

But to keep your property protected, you have to stay vigilant about home maintenance. There are several issues that pop up with homes that are huge threats to your investment. Let’s go through the most major ones that you need to keep an eye on as a homeowner.

Systems: Your home’s electrical, HVAC, and plumbing are complex systems that make modern living possible. Because your home’s systems are so critical, things that start as small issues can snowball and become emergencies very quickly. Some things to watch out for are old HVAC systems that could break down in the middle of a heat wave, frayed electrical wires that could start fires, and leaky plumbing that could lead to water damage and mold. 

Decay and Pests: These two things are common with older homes, but new homes aren’t exempt from damage caused by termites, crumbling foundations, decaying wood, or cracked driveways. Because decay and pest damage can affect critical structures like your foundation or require costly repairs like a cracked driveway, it’s necessary to repair it as soon as you notice the damage.

Roofing and Gutters: Your roof and gutters protect the rest of your home from the elements. But if your home has damaged gutters that don’t direct water properly or missing roof shingles, you are likely to end up with flooding, roof leaks, water damage, and mold. These issues can require serious remediation, so don’t let problems with your roof or gutters slide!

If you notice any issues with your home’s systems, roof or gutters, or any decay or pest damage, get them taken care of ASAP before they turn into a huge headache! It’s smart to conduct a walkthrough of your home on a monthly basis to check your HVAC, foundation, electrical, plumbing, and roof for damage. This will help you protect your home and your investment!


5533 31 STREET in Lloydminster

I have listed a new property at 5533 31 STREET in Lloydminster. See details here

Welcome to 5533 31 Street, Lloydminster, AB, a charming duplex at the cusp of the vibrant Steele Heights neighbourhood in Lloydminster. This well-maintained property offers the perfect blend of comfort, convenience, and potential for generating additional income. This duplex is an exceptional find with its excellent location, immediate access to schools, parks, and a strip mall. The main features are Three Bedrooms on the Upper Level and a Convenient 2-Piece Guest Bathroom On the main floor. The basement boasts plenty of storage capacity, allowing you to keep your belongings organized and out of sight, creating a clutter-free living environment. Step outside into the large, sun-soaked South facing yard, perfect for outdoor activities and gatherings. The deck is an excellent spot for relaxing, barbecuing and enjoying warm summer evenings. This duplex is a dream for a young family seeking a comfortable and family-friendly home. The layout and location also make it an enticing opportunity for investors looking to generate extra revenue through rental income. Some updating will be required. No need to worry about purchasing new appliances; this property comes fully equipped with all the essential appliances, making it move-in ready. 3D Virtual Tour Avaialbe.


4536 45 STREET in Lloydminster

I have listed a new property at 4536 45 STREET in Lloydminster. See details here

Introducing 4536 45 Street, Lloydminster, SK. An exemplary property nestled in the mature, picturesque neighbourhood of East Lloydminster. A well-maintained 3-bedroom bungalow marries a unique functionality and vintage charm in its architecture and layout. This home has excellent potential for a home-based business and is close to schools, parks, and other amenities, all within walking distance. The home also features 1+2 bedrooms, two bathrooms, one with a jetted tub, and a welcoming composite deck accessible from the side entry. This is the perfect spot to unwind with a book, enjoy al fresco dining on balmy summer evenings or host gatherings with friends and family. One of the standout features of this property is its exceptional garage space. A 24x24 double detached garage with generous 9' doors provides ample space for storage, hobbies, or even a home workshop. For those requiring even more space, there is also a fully insulated and heated triple detached garage, making it suitable for year-round use. Finally, for added convenience, all appliances are included with the sale of the property. This is a ready-to-move-in home that promises a comfortable, easy lifestyle. With its superb location, top-notch features, and overall appeal, this home is rare in today's market. Take advantage of this opportunity to make this fantastic property your new home. 3D Virtual Tour Available.

Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
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.