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How Inspections Can Knock Thousands Off Your Purchase Price

Inspections are one of the most important parts of the home-buying process, but you wouldn’t know it by the way many people talk about them! 

Often the inspection process is overlooked with all the excitement that comes with getting an offer accepted. Worse is when buyers choose to do a cheap home inspection that could miss big issues they’ll have to fix down the line. 

One reason why inspections are so worth spending money on is that they can save you a ton of cash on the purchase price of your home. 

At first glance, a $1,200 (or more) home inspection can feel expensive. This is especially true when you’re in the process of paying all of the other closing costs. But it can be well worth the cost for two reasons: 

1) If an issue is found through the inspection, like a leaky roof or faulty plumbing, you can address those issues with the sellers. 

Your agent will help you negotiate how the problems with the home will be remediated or paid for. This could look like the sellers are offering incentives, giving you funds to do your own repairs, or knocking the purchase price down by $15,000! 

2) If no issues are found, then you can be confident going into the purchase knowing that the property is a good one and won’t have any issues. This peace of mind can be priceless, especially for your first home. 

Between these two compelling reasons, you can see why getting a good home inspection is so important. It’s so worth taking the time to do your due diligence and find a good inspector who will check out every aspect of the home. 

Ask for referrals, check reviews, and talk with the inspector to see their previous work and make sure that you feel comfortable using their services. It can make a big difference in your satisfaction with your purchase and your home! 

If you need referrals to great home inspectors in Lloydminster & Area, Feel free to call me and I will give you the List!


Harpreet Christie
RE/MAX of Lloydminster
780-205-7654
harpreet@bordercityrealestate.com

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Raising the stakes for the Coldest Night Of The Year

The stakes are high as the Lloydminster Men’s Shelter is moving forward on building a new shelter for its clients and Saturday’s Coldest Night Of The Year event comprises part of the seed money.

The soon-to-be-released city survey on housing needs has revealed about 193 people are experiencing some form of housing insecurity, says Michael Davison, with the Men’s Shelter.

“In our current facility we are only equipped to handle less than 30 at any given time and there’s obviously a big gap between what the requirements and the needs of the city are in terms of support and what we can provide.”

Davison adds there are other organizations in the community doing similar work, but notes the extra demand for the services that the Men’s Shelter provides.

Coldest Night Of The Year fundraiser is being held on Saturday, Feb. 24 at Bud Miller Park. Currently, the Men’s Shelter has raised $18,640 towards its $20,000 goal. There are 50 registered walkers and nine teams. People can come as individuals to provide support or register to walk, fundraise, or volunteer.

“The initial amount of money is about making sure that every step we take is the right step and will lead to a larger success for our organization and all of Lloydminster,” says Davison.

Participants will walk and can reflect on the challenges facing the unhoused, especially in sub-zero temperatures.

Check-in for the event begins at 4:00 p.m. at the PSM Park Centre building in Bud Miller Park. The walk goes from 5:00-6:00 p.m. and ends with a hot meal.

Participants are encouraged to pre-register, but organizers will register up to the start.

“It’s a walk around Bud Miller. We will all be there to answer questions. There will be some food and drink and just people out to support the charity.”

The weather forecast for Saturday indicates sunny conditions with a daytime high of minus one.

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Long-Term Benefits are Why Homeownership Wins 

The real estate market has been changing here in Lloydminster, and it’s common for potential buyers to feel concerned and challenged by these changes. 

But rather than shying away from buying a home in this kind of market, it’s even more important to think about the long-term benefits of homeownership! 

Consider some of the people in your life who purchased their homes 5, 10, or even 15 years ago. Chances are high that they don’t regret buying their homes. In fact, they’re probably proud to be homeowners and are happy with their investment in real estate. 

This is because real estate nearly always appreciates in value over time. This means that buying a home will allow your investment to grow in value and increase your personal wealth as a result. 

In addition to appreciating over time, you’ll be building equity over time as you pay into your mortgage as a homeowner. This is a long-term benefit of homeownership that directly translates into more profit and cash in your pocket when you sell your home down the line. 

While owning a home provides some incredible short-term benefits like a safe, stable place to live, the best of real estate is all in the long-term benefits. 

When you rent housing, you don’t get the investment potential or equity growth that makes owning real estate such a smart financial decision. Instead, your monthly rent payment goes straight to your landlord–you never see that money again. 

But when you own a home, you’re building equity with your monthly mortgage payments, and you get that money back when you sell your home. 

The market may feel challenging today, but becoming a homeowner brings those long-term benefits that are unparalleled. 

If you’re questioning if it makes sense to buy a home today, remember the incredible long-term benefits that come with owning a home. Let’s start the conversation today–Feel free to reach out!

Harpreet Christie
RE/MAX of Lloydminster
780-205-7654
harpreet@bordercityrealestate.com

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Follow This Schedule to Buy a Home by Summer! 

What better way to make fun summer memories than by moving into a beautiful new home with your family?

If you’re wanting to spend the summer enjoying a home you love with your family, just follow this schedule!

February: Connect with your agent. Now is the time to get your agent lined up and get a home search plan put together. If you don’t have an agent in mind, start getting referrals and talk with at least 3 agents. This will help you get a feel for the different styles out there and find the agent that works best for you!

March: Focus on finances. Once you connect your agent, you’ll start prepping your finances and shop around for mortgages. In this month, make your budget and get all your financial documents pulled together so you can easily submit pre-approval paperwork to lenders. Once you’re pre-approved, you’ll be able to start the next step.

April: Start the search! With your agent secured and pre-approval in hand, you’ll be starting house hunting in April. Your agent will help you identify the best neighborhoods, review listings, and attend showings and open houses. The best thing to do in this month is to keep an open mind–you might see homes that you never would have expected to love but they might just be perfect for you!

May: Negotiate offer terms. By the end of May, you’ll be in the negotiation process with the sellers. Your agent will help you make an irresistible offer that sellers can’t ignore. Then you’ll negotiate on the offer terms with the sellers to make sure that you get the best deal possible.

June: Close and get your keys! The closing process typically takes a few weeks. You can spend this time packing up your current home and getting ready for a fantastic summer in your brand new home!

In just 5 short months, you can be in a new home, ready to make a summer’s worth of happy memories with your family and loved ones.

Ready to get started? Let’s Chat!

Harpreet Christie
RE/MAX of Lloydminster
780-205-7654
harpreet@bordercityrealestate.com

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Tips to Make Your Mortgage More Affordable

Most buyers would love to have a more affordable mortgage payment. Cutting costs on your mortgage can translate to getting your mortgage paid off earlier and saving money on interest, resulting in paying less for your mortgage overall. 

But when you’re crunching the numbers for your home buying budget and getting pre-approved, it can feel challenging with all the different loan options and tricks. 

With these 4 tips, you can make your mortgage more affordable and save money on your mortgage payment. 

Tip 1 - Refinance Your Loan: A loan refinance replaces your old mortgage with a new mortgage. Your new mortgage will have a different principal amount and interest rate. This results in a lower monthly payment. If you have a high interest rate, a refinance is a super smart way to decrease the amount you pay in interest and save on your mortgage payments. 

Tip 2 - Consider Bi-Weekly Payment Plan: This tactic adds one extra month’s payment that’s applied to your mortgage principal. This can help shave years off your mortgage since you’ll be paying off the mortgage more quickly. As a result, you’ll save thousands on interest by the end of your loan. 

Saving money on your mortgage means you can use that money for other things. These tips will help you save money on your home mortgage so you can save the money for a down payment or use it on something like home renovations! 

Want to talk more about mortgages and how to save? Feel free to contact me so we can discuss more.


Harpreet Christie
RE/MAX of Lloydminster
780-205-7654
harpreet@bordercityrealestate.com

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More Than Just the Real Estate Deal!

When you don’t have the right professionals on your side, buying or selling a home can often be an overwhelming, nerve-wracking process. 

That’s why it’s critical to find a real estate agent who will work hard to make your goals happen while also sticking around for longer than just the real estate transaction. 

The right agent won’t only understand your current real estate goals–they’ll stay connected for long after your deal closes to make sure that you have the best experience and support possible. Buyers, your agent will help make sure that you’re happy with your home and will help you come up with solutions if you’re not. 

Plus, your real estate agent will always be there to provide contractor recommendations, help you get in touch with the best lenders if you want to refinance, and put you in contact with any other home/real estate professionals in your area. 

Your agent will also be there when you decide to take the next step in your real estate journey. Whether you’re looking to sell your current home or buy a new home in the neighbourhood, you can rely on that great agent to help you meet your goals. 

When you work with an agent you already have a rapport and relationship with, you’ll find that the process can be much smoother. They already understand your situation, style, and needs, which means that they’ll be able to support you more effectively and help you find the best solution to your real estate goals. 

Real estate is really about creating those lasting relationships that don’t end with the signing of closing papers. To clients old and new, thank you for your trust and support! Looking back on all that we’ve accomplished and the incredible homes that we’ve bought and sold together is heartwarming. 

Relationships like these are what make this job so rewarding and a joy to do. It’s all thanks to you for taking that first step to get the process started.! 

Here’s to helping you make your real estate dreams come true. If you want to chat about making a move in Lloydminster feel free to reach out and let's connect.


Harpreet Christie
RE/MAX of Lloydminster
780-205-7654
harpreet@bordercityrealestate.com

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All Homeowners Need to Hear This Strategy

Every homeowner needs to see this strategy if they want to sell their home for top dollar. 

There are some selling strategies out there that won’t work for every homeowner, but this one  is universally applicable and so important. 

Here’s the strategy: Set the scene when putting your house on the market.

This all comes down to staging your home. With staging, you’re using furniture and decor to help buyers imagine themselves in the home and see how perfectly their life could fit into the space. 

Instead of just having an empty room or a space cluttered with furniture, a staging sets the scene for the buyer and creates an environment that they can imagine themselves at home in. 

But staging is also fantastic for highlighting your home’s best features and helping buyers see beyond the areas that might not be as great. It also makes your home more memorable to buyers than just an empty space. They’ll remember the home with the cute sitting arrangement next to the kitchen!

Staging is important both for showings and open houses, but it’s also key to get it done before taking your listing photos. A nicely staged home will photograph better and create more interest with potential buyers, which leads to a faster sale.

Staging is key to fast-tracking your selling experience. Plus, it will help ensure that you’ll sell your home for max profit by showing off your home’s potential and drumming up lots of buyer interest. This can also lead to multiple interested buyers, which is what every seller wants!

However, if you choose not to stage your home, you could end up costing yourself time and money. Buyers may skip over your listing, or when they come to see your home, they might have a hard time seeing the potential of the space and how their lives could fit into it. 

Overall, getting your home staged before listing photos and showings is a smart strategy that will help you get it sold quickly and for top dollar by helping buyers immerse themselves in the space and see all of your home’s potential.

If you want to talk more about other strategies that can help you get your home sold in Lloydminster & area, feel free to reach out and let’s chat!

Harpreet Christie
RE/MAX of Lloydminster
780-205-7654
harpreet@bordercityrealestate.com

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Do These Things Before You Move Into Your New House!

As you approach the closing date of your home, you’re likely looking forward to moving into your new home. But before you move in, there are eight things you need to do. 

1. Celebrate: First things first–a celebration is in order! Make sure to take a moment to celebrate this huge milestone before jumping into the rush of getting ready to move.  

2. Change your locks: You want to feel safe and secure in your new home, so changing the locks and getting new keys will help protect you and your new home. 

3. Service your HVAC and change the air filter: Make sure that the air you’ll be breathing is clean and comfortable. No one wants to deal with a gross air filter or heating/cooling issues when they’re moving in! 

4. Deep clean the fridge: Not every seller will deep clean the home, and you want your fridge to be sparkling clean. It’s worth going over and doing a deep clean of the fridge and freezer before you bring food over. 

5. Paint before moving in or unpacking: If you want to paint any area of the home, doing it before you move in and unpack will make life so much easier! 

6. Set up mail forwarding: Many people forget this when they move, but it’s super easy and important! You just have to file a notice of mail forwarding with the Postal Service and then they’ll forward any mail from your old address to your new home. 

7. Put the utilities in your name: You don’t want to move in and then realize your electric or water isn’t on! Set up your utilities ahead of your move in date–you can schedule it to start on the day you take ownership of the home. 

8. Check smoke detectors and carbon monoxide alarms: The last thing to do before you move in is to check on one of the most important systems in your home–your alarms and detectors! Make sure that all is in working order and that your home is safe to move into. 

Once you’re done with these eight things, your home will be prepped and ready for you to move in!

If you want to talk about how you can find the perfect home to move into in Lloydminster, feel free to reach out and let’s chat!


Harpreet Christie
RE/MAX of Lloydminster
780-205-7654
harpreet@bordercityrealestate.com

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Don’t Waste Your Time on These Useless Seller Strategies

Don’t Waste Your Time on These Useless Seller Strategies

There are several so-called strategies out there that often get recommended to home sellers. But these strategies can often be a waste of time and effort and won’t actually help you get your home sold. Let’s go through these seller strategies that you should stay away from while selling your home:

- Completing a full kitchen renovation or big update: Kitchens often sell homes, and they’re many buyers’ favorite room in the house. But doing a full renovation can actually set you back. Buyers have varying tastes, and chances are that they won’t match yours exactly.

This can lead buyers to undo the renovating you’ve done to fit their style. Instead, make the kitchen look presentable and polished, then use the money that you would have put into the renovation to cover closing costs or offer a buyer perk. This goes for any big renovation. It’s best to get your home looking nice and fresh, but stay away from sinking too much money into personal choices.

- Overpricing the property: This is a big one, but it just doesn’t work in our market. Many sellers will go into the selling process with the plan to price their home high and then negotiate down with the buyers to the actual purchase price.

However, this can cause issues as overpricing your home can scare potential buyers away. This lack of interest can make your home become stagnant on the market, which is a huge red flag to buyers. Instead of overpricing, work with your real estate agent to develop a strong pricing strategy.

- Skipping staging: Some sellers think that they can just put their homes on the market without worrying about staging and getting the home looking its best. But to get top dollar from selling your home, staging is key.

Good staging will help drum up interest in your property just from the listing. It also helps buyers imagine themselves in the home during showings in addition to highlighting the best aspects of the home. Don’t skip staging if you want to get the max profit from selling your home!

If you want more information on which selling strategies you should be using to sell your home in Lloydminster and area, Let’s connect!


Harpreet Christie
RE/MAX of Lloydminster
780-205-7654
harpreet@bordercityrealestate.com

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What to Do with Your Low Interest Rate?

What to Do with Your Low Interest Rate?

If you scored one of the historically low interest rates on a mortgage from 2020-2022, you probably feel like you should hold onto it. Many homeowners are in the same situation and feel like they can’t upgrade their home and move because their interest rate is too good to let go. 

But you don’t have to give up your low interest rate to get into a new home! 

In fact, you can play this scenario out in a way that will allow you to become a real estate investor and build your wealth. Here’s how to put that low interest rate to good use while also upgrading to a new home. 

The idea is to keep your original mortgage and rate, turn your first home into a rental, and then buy a new home. 

To do this, you’ll pull the equity out of your current home with something like a home equity loan. Your lender will be able to help you find the best option for how to tap into your equity. Then, with the equity you pull out, you’ll be able to put a down payment on a second home. 

In the negotiation stages of buying the new home, you can take advantage of sellers with high equity and ask for an interest rate buydown. The buyers will buy your interest rate down by a certain number of percentage points, giving you a lower interest rate on your new mortgage.

You’ll then move into your new home and turn your first home into a rental. Turning your home into a rental will provide passive income that will cover all of your mortgage and maintenance costs along with profit that can go towards your new home’s mortgage payment. 

This will allow you to build equity back up in your first home and your second home, all while keeping that low, low interest rate. 

Using this plan will help you retain your original interest rate while also becoming a real estate investor and building equity in two homes at the same time, creating a way for you to build wealth quickly.

If you want to talk more and see if this is something that you can do with your home in Lloydminster, feel free to reach out so we can talk more!  


Harpreet Christie
RE/MAX of Lloydminster
780-205-7654
harpreet@bordercityrealestate.com

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Want to Buy a Home This Spring? Then Get Started Now!

Want to Buy a Home This Spring? Then Get Started Now!

If you’d like to buy and move into a beautiful new home this spring, then your countdown has already started!

While the spring might seem far away now, the rush of real estate’s biggest season will be here before you know it. There are many things you’ll need to do to get prepped and ready to buy a home. 

Here are a few things you should get started on now in January so you’re ready for the spring market! 

- Get your finances in order: Now is the time to pull up your budget, your paystubs, your debt, and your credit score. First, make sure that your credit score is strong and that your debt is in a manageable spot. Your lender will look closely at both of these things and it will play a part in your interest rate and your qualification for a mortgage. Then make sure that your expenses, income, and budget are all lined up. Lastly, check on your savings account for your down payment and closing costs and make sure that it’s in good shape.

- Get organized: You’ll need all of your financial paperwork around your taxes, income, debts, and assets handy for your lender. Gather all that paperwork now and organize it in folders or a binder so you’ll be prepared to get pre-approved when you’re ready to start looking at homes.

- Start doing your real estate homework: Your agent will guide you through every step of the buying process, but it’s so helpful for buyers to have some background knowledge of the real estate process. You’ll feel much more confident and informed if you read up on the steps of buying a home and what you should be looking for as a buyer.

- Find the right agent: It’s recommended that you interview at least 3 real estate agents so you can get an idea of what communication and working style best meets your needs. You’re looking for a knowledgeable, experienced agent you can trust and feel comfortable working closely with!

If you want to get started on your journey to buying a new home this spring in Lloydminster, Feel free to reach out and let’s get started!


Harpreet Christie
RE/MAX of Lloydminster
780-205-7654
harpreet@bordercityrealestate.com

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Year-End Real Estate Trends in Lloydminster & Area

Year-End Real Estate Trends in Lloydminster & Area

As December approaches, staying informed about the real estate market in Lloydminster and the surrounding areas is essential for buyers and sellers. Here are some key trends and insights to help you navigate the market:

1. Market Overview

Let's start with an overview of the current state of the real estate market in Lloydminster. Property values have remained steady, reflecting the enduring appeal of this unique border city. Inventory levels have been relatively balanced, providing options for buyers while maintaining healthy competition among sellers. Interest rates have remained favourable, making homeownership an attractive prospect.

2. Local Developments

Lloydminster is not static; it's a city that continues to evolve. Lloydminster is a city that prides itself on progress and community well-being. One of the most exciting developments is the "Lloydminster Community Hub." This visionary project is set to significantly impact the local real estate market and enhance the overall quality of life for residents.

3. Investment Opportunities

Lloydminster presents various investment opportunities for those looking to make wise financial decisions. Savvy investors always look for areas with growth potential and rising property values. Here are some investment opportunities to consider:

Emerging Neighborhoods: Keep an eye on emerging neighbourhoods within Lloydminster. Development is on the rise in these areas, and property values may appreciate over time. Look for neighbourhoods with new infrastructure projects, improved amenities, and growing demand.

Proximity to Amenities: Properties near essential amenities such as schools, shopping centers, and healthcare facilities often attract strong interest from buyers and renters alike. Investing in areas with easy access to these amenities can be a smart choice.

Job Centers: Areas close to major job centers or industrial zones tend to experience steady demand for housing. Consider investing in properties near these job hubs, as they will likely attract tenants or buyers seeking convenience in their daily commutes.

Diversification: Diversifying your real estate portfolio by considering different property types can be valuable. While residential properties are a popular choice, commercial or mixed-use properties can offer attractive investment opportunities as well.

Investors should conduct thorough research and work closely with real estate professionals to identify promising investment opportunities in Lloydminster. Strategic investments can yield long-term returns as the city continues to evolve and grow.

4. 2024 Projection

Looking ahead to 2024, it's essential to consider expert opinions and market predictions when making real estate decisions. While various factors can influence the real estate market, understanding projected trends can guide buyers and sellers. Here are some insights for the coming year:

Price Trends: Many experts anticipate that property prices in Lloydminster will remain stable or experience modest appreciation in 2024. Factors such as continued demand, economic stability, and ongoing development projects can contribute to this trend.

Buyer Preferences: Expectations around buyer preferences may shift. For example, there may be an increased interest in homes with home office spaces or properties with sustainable features as environmental consciousness grows.

Market Dynamics: Monitor market dynamics, including inventory levels, interest rates, and competition. These factors can influence the speed at which properties are bought or sold.

Local Factors: Be aware of any local factors that could impact the market, such as new developments, infrastructure projects, or changes in employment opportunities.

It's important to note that real estate markets can vary, and predictions are subject to change based on economic and social factors. Staying informed and adaptable is key to successful real estate decisions in 2023 and beyond. Consulting with local real estate experts can provide valuable insights tailored to the Lloydminster market.

Understanding these market dynamics and staying informed can be a game-changer for successful property listings in Lloydminster and the surrounding areas. Whether you're planning to buy, sell, or invest in real estate, having a finger on the market's pulse can lead to smart and rewarding decisions. As we bid farewell to 2023, let's welcome the new year with optimism and knowledge, ready to make the most of the opportunities Lloydminster's real estate market offers.

Suppose you want to buy or sell your home in Lloydminster & area.  Let's connect.


Harpreet Christie
RE/MAX of Lloydminster
780-205-7653
BordercityRealEstate.com

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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.