Lethbridge Real Estate Information and Search

FAQ

FAQ

Lethbridge Real Estate FAQ

Lethbridge Real Estate FAQ

FOR BUYERS

I’m interested in a home in Lethbridge, do I need to call the real estate agent on the sign?
If you would like to see a real estate listings, you can call any licensed real estate agent. If you have more than 1 house you want to see, the same real estate agent should be able to arrange them for you on the same day, so you don’t have to make several different appointments. Our team is made up of 5 licensed real estate agents( REALTOR® licensed, with the Lethbridge and district association of REALTORS®,) and area and we can show you ANY real estate listing.

Can I go look at a conditionally sold home?

In most instances you can, if the owner still wants to allow showings. However, usually 9 times out of 10 when a house is conditionally sold, it will go final. So check the circumstances out with your real estate agent first to find out how likely a sale is so you don’t get your heart set on a property that is already sold.

Should I get pre-approved before shopping for a house?

YES, YES, YES! Unless you are one of the lucky people paying with cash, you need to get pre-approved before shopping for/ and putting an offer on a house. It will make the whole process go much smoother, and will save you from any unexpected surprises along the way.

How much do I need to pay the agent helping me buy the house?

Most of the time, there is NO COST TO THE BUYER. In our market, the agent representing the buyer is paid by the seller’s brokerage.  Your Real Estate agent will be paid a commission.  Most agents will ask you to sign a buyer brokerage agreement, (which is required in the province of Alberta), to outline the services you will be receiving from your agent.

I’m from out of town, what area of Lethbridge should I live in?

If you are unfamiliar with Lethbridge, it’s a good idea to chat with friends in the area, and of course your real estate to educate you about where is best to live. Lethbridge is a nice sized city though, and it usually won’t take you more than 15minutes at the most to get from point A to point B. Check out my page, different areas of Lethbridge for some more information, or feel free to ask me directly.
http://www.viewlethbridge.com/different-areas-in-Lethbridge.html

What are the surrounding towns around Lethbridge? Can I get a better deal there?

There are many small communities within driving distance, and prices will be lower than in Lethbridge. However, if you will have to drive to Lethbridge every day, you may want to consider what additional monthly fuel cost you will have to incur if you drive. If you are paying an extra $200 a month in fuel, that could be around another $40,000 for a mortgage, (and don’t forget the extra time you will be in a car).

I want to look at some brand new homes? Can I do this through a real estate agent or do I have to go to a builder directly?

Most builders work with real estate agents for buyers who want a new home. This can give you the advantage of having only one contact, instead of having to talk with multiple builders. Another advantage is having a real estate agent on your side, who does not work directly for the builder.

I’m making an offer on a house in Lethbridge. Do I really need a property inspection?
We always recommend to our clients to get a home inspection. Unless it is a brand new house, and you are satisfied with the builder’s warranty. The property inspection may not find anything, but it should help you to know more about the home you want to buy, and what it will take to maintain it and keep it up. We have a list of Lethbridge Home Inspectors on our website.

http://www.viewlethbridge.com/homeinspections.html

FOR SELLERS

How do I choose a real estate agent to list my Lethbridge house?

There are many ways to choose a real estate agent. You can your friends and family for recommendations, or search for Lethbridge real estate agent testimonials. You want to have someone who lets you know how they will market your property, and someone who is easy to get in touch with directly, (a main complaint people have with real estate agents is a lack of communication). A real estate agent should be able to give you a complimentary, no-pressure, consultation with regards to the selling process, as well as a free comparative market evaluation of your home.

What’s the best time of year to sell my property?

There does seem to be more people looking in the spring, but there are also more listings and competition at that time. There are people looking year round, but some people do tend to prefer looking around when the weather is better.  Most times of year are okay, except we would suggest avoiding mid-December if possible.  But there are always people moving to Lethbridge.

Should I stage my home before selling?

Staging your home can be a very important part of the sales process. Staging can vary from a simple clean up and declutter, to repainting and replacing fixtures, or furnishing an empty home. Most important, a house that is for sale should be clean, both inside and out, free of clutter, and odor free. If your house is in a price range and area where there is a lot of competition, (say a house less than 10years old around 400,000), then staging is a very good idea to help you stand out above the rest.

Should I fix up my house, or just sell it as is? What are the best improvements I should do to sell my home?

Every home is unique. If your home is in an area and price range where homes sell quickly, you may not want to invest the time and money required to fix up your home. However, if your home is in a price range and area where there is a lot of competition, you may need every advantage you can get. You can ask your real estate agent to look at your house before you are ready to sell, and she should be able to give you ideas on what projects are going to give you the best return, (painting is almost always a good idea). Check out the list we have on preparing your house for sale.

I want to sell my Lethbridge home and buy a new one. Should I sell first, or buy first?
9 times out of ten, we would suggest you sell your home before buying a new one. The main reason is that unless it is a very hot sellers’ market, you cannot be sure when your house will sell, and do not want the possibility of carrying two homes at the same time. However, there are times when buying first is the only option, (i.e. you do not want to lose the house of your dreams). In that case, ensure your bank or mortgage professional has approved you for both purchases and you can afford to carry two mortgages.

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