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Spot Sonia! Your Sherwood Park REALTOR®

Real Estate’s Killer Combo

Wed, 26 Nov by Sonia Tarabay

Mortgage Broker ImageWhen I got started in the real estate industry, I knew I wanted to provide a complete, “one-stop-shop” service for my clients to ensure they had the best possible real estate experience. I’ve seen how stressful buying and selling real estate can be if you don’t have an expert by your side you can trust, and it was important to me to be that person for my clients, as much as possible.

I became a licensed Mortgage Broker in addition to a licensed REALTOR® so I could provide an even higher quality of service to every one of my clients: It’s my “killer combo” — a real rarity in the industry — and a huge asset to my clients. It means I can help you understand every step of the process of buying and selling a home, including all the financial details and mortgage terms, and save you time, stress, and money.

In addition to helping you find that perfect home for your family, I can also help you make the best possible financial decisions for your future. Many people are intimidated by the process of getting their first mortgage, but you don’t have to be! I help make the process transparent and will walk you through all the options that are best for you. Together, we’ll find you the best lender, the best rate, and the best terms for your financial goals.

And by better understanding the financial underpinnings of your real estate dreams, as your REALTOR® I’m in an even better position to help you find that perfect home, the one that matches your needs and your budget.

Ways a Mortgage Broker Saves You Time, Stress, and Money

More Choice, Less Time

As a licensed mortgage broker, I have access to a large network of lenders including banks, credit unions, and non-traditional lenders, and I understand the current state of the mortgage industry. I know how to find the best rates with terms that fit your budget and profile, and can present you with the best possible options.

And because I know who to talk to and where to look, you don’t spend hours and hours researching, interviewing, and reading. Let me narrow down the field to your best options and save you the time and headache!

Independent and Objective

I don’t work for a specific lender or bank: I work for you! That means I can offer impartial, objective advice about your financial options and present rates from different institutions without favouring one over the other.

Get Better Rates

The Canadian Mortgage Trends website looked at a study to figure out how people got the best deal on their mortgage, and using a broker was high up on the list. They estimated the average impact of a mortgage broker reduced rates by 17.5 points, which translates to over $1,600 of interest savings on a typical $200K mortgage over five years. My negotiation skills are at your disposal through the mortgage application and choosing process, and I know when there’s room to push for that little bit extra, and what trade-offs result in the biggest “bang for your buck”.

Personal Attention

I work one-on-one with you to understand your financial needs so we can find the best possible combination of lender, rate, and terms that will suit you, personally. There’s no “one size fits all” in the mortgage industry, and it’s important to create a mortgage plan that is customized for you and your unique requirements.

Ready to save time, stress, and money with Sonia? Ready to get the pre-approval process started? Give me a call or send me a message to get the ball rolling!

Sherwood Park Real Estate Market Update

Tue, 27 May by Sonia Tarabay

sherwood-park-real-estate-market-updateIf you’re thinking about buying or selling a home in Sherwood Park or the wider Edmonton area in the next 6 months, it’s a good idea to keep an eye on the monthly market stats to see where the trends are.

Sherwood Park Real Estate Market Stats

In April, single family home total sales were up 33.8% from March, and up 12.6% from last April. That’s a great sign that more people are looking at buying Sherwood Park real estate and bringing their families to our great city this summer, which is good news if you’re planning on selling.

Looking at average price, the average selling price of a single family home in Sherwood Park has fallen slightly from last month, down around $6,000, or 1.4% from last month. When we dig deeper into the numbers, what we find is that more people are looking to buy homes at a more modest budget: Starter homes and first time home buyers are extremely active right now. We see this in particular when we look at the condo market where sales are up and the average price has increased by 3.5% over last month.

Sherwood Park Market Stats, Month-Over-Month

April 2014 March 2014
Single Family Home Sales 107 80
Single Family Home Average Price $452,448 $458,691
Condo Sales 30 21
Condo Average Price $328,963 $317,723

What about your long term investment? When we look year­-over-­year, we see that single family homes in Sherwood Park are continuing to increase in value overall. The average price of a Sherwood Park house has risen 2.6% since 2013, and 8.9% since 2012. And since Sherwood Park is growing, it’s a good bet your investment in the real estate market will continue to grow as well.

Sherwood Park Market Stats, Year-Over-Year

April 2014 April 2013 April 2012
Single Family Home Sales 107 95 94
Single Family Home Average Price $452,448 $441,062 $415,520

When I compared active listings from the last 90 days for Sherwood Park with active listings from Edmonton for the same time period, we can get a “current snapshot” of how the two markets compare.

Active Listings (Last 90 Days)

Sherwood Park Average Edmonton Average
List Price $476,625 $453,395
Days on Market 30 Days 46 Days
Price / Sq.Ft. $304/sq.ft. $297/sq.ft.
Home Age 17.1 Years 23.3 Years

The average list price of homes in Sherwood Park is higher than Edmonton, as is the price per square foot. The best news for home owners selling Sherwood Park real estate is the average days on market: in Sherwood Park, the average days on market is only 30 days, compared to Edmonton at 46 days!

Are you a stats geek who wants all the numbers? Check out the REALTORS® Association of Edmonton website for current monthly stats for the entire Edmonton area.

Selling Sherwood Park Real Estate: Price it Right

Of course, once you’re ready to buy or sell, these kinds of monthly stats are too broad, especially for sellers: In order to price your home correctly for the current market, you need to consider more specific factors, including what price comparable homes are selling for right now in your neighbourhood. You won’t find these stats in a PDF or news release: You’ll need an experienced Sherwood Park REALTOR® to help you understand the value of your property in the current market.

Ready to sell your Sherwood Park Home? Call me to get started with a Sherwood Park Comparative Market Analysis and Home Evaluation. Together, we can get the best price for your home.

The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the REALTORS® Association of Edmonton. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.