All Blog Entries by Jay McDouall

Jay McDouall is a Residential Real Estate Agent with Century 21 Advantage, serving Central Alberta.

Found 62 blog entries published by Jay McDouall.

We believe there’s a step when buying a home that is absolutely critical. In a market with high inventory it’s even more important. Unfortunately, most people totally miss this step we call Market Education. Market Education is about systematically getting out & viewing homes, not for the purpose of buying but rather to educate yourself on the market, establishing a baseline for what your price range affords you, & refining your criteria. This is a step that the vast majority of agents will skip thinking it’s a waste of their time, however experience has taught us, this simple investment of time up front comes with a number of benefits.

  1. Number one is confidence – By getting out and viewing homes in a no pressure environment for the purpose of
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With a slight warming to the weather & the economic climate, Red Deer’s sales activity totaled 147 units in July 2019, a 6.5 per cent increase from July 2018. Total sales in the city year-to-date have reached 795, with 853 sales at this same time in 2018. The average selling price comes in at just $303,709 a 13.9 per cent decline over the last four years. Many buyers are looking at Ottawa's First Time Home Buyer Incentive that launches on September 2, 2019. The real question will be whether or not people will make informed decisions & how many people will actually qualify. Very few millennial buyers will be able to take advantage of the FTHBI, given all the restrictions. The ones who could use the incentive can easily qualify for a regular mortgage

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Step 1 - Agent Interviews & the Comparative Market Analysis (CMA)

There are hundreds of critical mistakes you can make when selling your home, however there is a universal cure for them all . . . qualifying and choosing the right agent. Ask your agent lots of questions to ensure their motives are in the right place and they have the ability to properly represent you. Furthermore, you need to find out if you are comfortable with this person's style of business.

In addition to an interview with an agent, have them look at your house and give you an idea of value. The agent will then assess the other homes in the area that are comparable to yours, make financial adjustments for the differences and give you an approximate value. This process is

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Can you say, "flat market?" With minimal change in the economic climate, Red Deer’s sales activity totaled 124 units in June 2019, a 15 per cent decline from the June 2018, well below long-term averages, & with a 37.7 per cent decrease over the last four years. There was a pullback in sales across all product types, leaving supply levels high, resulting in persistent oversupply & continued price reductions. The average selling price comes in at just $311,344 an 11.6 per cent decline over the last four years. With July upon us, prepare for a quiet couple of months, as the kids are free, families are travelling & enjoying the very sporadic amount of sun we're seeing this summer.

If possible, potential buyers may want to take advantage of the market

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Understanding Title Insurance Protection

As incidents of real estate fraud increase throughout Canada, homeowners and lenders are proving to be irresistible targets for fraudsters. To help protect yourself against huge financial losses caused by title fraud, you may consider purchasing title insurance. Unfortunately, many home buyers purchase title insurance without knowing what the actual covered includes. Others fail to purchase an insurance policy altogether. In this article, we discuss key things buyers and owners of real property should know when considering whether to purchase homeowners title insurance. You must purchase title insurance through a law firm in Alberta.

What Is Title Insurance?

Title insurance is an insurance policy that

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Come see us on June 2 between 2:00 - 4:00pm. There will be a number of fancy houses in this neighbourhood that will be open to the public!!

  • 18 Oscar Court - CA0164350 - $999,500
  • 42 Overand Place - CA0165899 - $514,900
  • 80 Oakwood Close - CA0158849 - $649,900
  • 52 Oakdale Place - CA0162548 - $549,800
  • 90 Oaklands Crescent - CA0161074 - $575,900

Backing onto a treed reserve on the Red Deer River & the Red Deer Golf and Country Club. You couldn't get much closer to nature with these quiet settings, come see what Oriole Park West in Red Deer has to offer! We'll see you this weekend :)

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Behold, 4882sqft of pure luxury. West facing backyard, with plenty of room for a second oversized garage & RV parking. Stay warm & save money with efficiency - triple pane windows, 12” ICF block foundation, in-floor heating on all levels, plus the garage & an additional 2” of styrofoam insulation under the stucco! Maintenance free vinyl fence & metal shingles. High-end stainless-steel appliances, with ample counter space & cupboards. Main floor office provides a great view of the natural area behind this home. Upstairs you will find a king-sized master suite with a massive walk in closet & a spa-like 7-piece ensuite with an oversized glass shower. Two more bedrooms on the top floor, each with its own 4-piece ensuite, ideal for guests & teenage

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Remember Even If It Looks Like A Form: It Is A Legal Contract To Buy A Home

Every year in Alberta, thousands of people enter into Alberta real estate purchase contracts to buy and sell homes. The process of buying a home in Alberta is exciting. Sometimes people lose site of the fact that pre-printed, sometimes electronic real estate purchase contracts are legally binding contracts. While there are different residential purchase contracts for different types of properties, the main legal points are similar. Once signed and conditions are waived, you are required to go by the terms of the contract. If you cannot or will not, you can be sued. If you have never purchased a home before, we recommend visiting our First Time Home Buying page.

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By Erica AliniNational Online Journalist, Money/Consumer  Global News

WATCH: Federal budget 2019: Incentives for first-time home buyers, skills training

Can’t afford to buy a house? The government may take on part of the cost.

That is the gist of the boldest proposal that Budget 2019 puts forth to help more middle-income Canadians fulfill their homeownership dream.

Under the new CMHC First-Time Home Buyer Incentive, the Canada Mortgage and Housing Corporation would use up to $1.25 billion over three years to help lower mortgage costs for eligible Canadians.

The money would go to first-time home buyers applying for insured mortgages. Borrowers would still have to pony up a down payment of at least

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**SOLD** In just 15 days this property was SOLD for 98% of the asking price. These clients were eager to take advantage of the current market, as they needed to up-size their home. Strong marketing combined with an accurate & strategically priced home, equals results.

Looking for a starter home or an investment to add to your portfolio? Check out this rare opportunity in Rosedale Estates! You could own a 5 bedroom, 3 bathroom home with a double detached garage for under $280,000. You’ll be impressed with just over 2200sqft of finished living space, a fully fenced yard with RV parking & 20' X 22' garage big enough to park two vehicles. With 3 bedrooms on the main floor, this house is ideal for families with young children. Most of the upper level

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