best realtor in sherwood park

Work with Steve Leddy, Your Local Real Estate Expert, and Discover Why Sherwood Park is the Ideal Place to Buy or Sell Your Home!

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Nestled just east of Edmonton, Sherwood Park offers a blend of suburban charm and urban convenience. Sherwood Park is often referred to as one of Alberta’s most desirable places to live. With top-notch schools, numerous parks, and easy access to Edmonton’s downtown core, this community has something for everyone. Which is why it attracts everyone from young families to professionals

If you’re looking to buy or sell in this bustling market, then partnering with an experienced REALTOR® like Steve Leddy can make all the difference. His deep understanding of the local market and commitment to his clients sets him apart in the competitive Sherwood Park real estate landscape.

Why Sherwood Park is a Great Place to Live

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Sherwood Park offers the perfect balance of tranquility and convenience, making it a top choice for those seeking suburban life without sacrificing access to urban amenities. This thriving community is known for its safe, family-friendly neighbourhoods, exceptional schools, and abundant parks and green spaces—perfect for outdoor activities and family outings.

In addition to recreational facilities, residents benefit from a variety of local businesses, shopping centers, and easy access to Edmonton’s downtown core, all contributing to a high quality of life. Whether you’re a first-time buyer, growing family, or empty nester, Sherwood Park offers diverse housing options ranging from affordable townhomes to luxurious single-family properties.

Steve Leddy: The Local Real Estate Expert

When it comes to understanding the Sherwood Park real estate market, Steve Leddy stands out as a true expert. With years of experience under his belt and a reputation for providing personalized, client-focused service, Steve has helped countless buyers and sellers achieve their real estate goals. His in-depth knowledge of the area, from local market trends to neighbourhood dynamics, enables him to offer strategic advice tailored to each client’s unique needs.

Steve’s approach to real estate is built on trust and communication. His clients consistently praise him for going the extra mile, whether it’s finding the perfect home for a first-time buyer or securing top dollar for a seller. Steve is known for his ability to stay ahead of market changes and provide clear, actionable insights that help clients make informed decisions.

Why Hire Steve Leddy Over Other REALTORS®?

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Choosing a REALTOR® can make or break your real estate experience, and Steve Leddy consistently outperforms the competition. His deep understanding of the Sherwood Park market sets him apart. But what truly makes him the REALTOR® of choice is his commitment to his clients.

Steve offers a comprehensive marketing strategy for sellers. This strategy includes high-quality photography, virtual tours, and targeted online advertising to ensure your home reaches the right buyers. His negotiation skills are unmatched. Steve is always ensuring that sellers achieve the best possible price. In addition, Steve’s buyers find a home that meets their criteria within their budget.

Unlike other agents, Steve doesn’t take a one-size-fits-all approach. He takes the time to understand each client’s goals and tailors his services accordingly. Whether it’s helping buyers find hidden gems in competitive markets or guiding sellers through the complexities of listing their property, Steve offers a level of service that’s second to none.

Buying or Selling in Sherwood Park: Steve’s Process

For Buyers:
Steve’s process starts by getting to know you and your needs. Are you looking for a family-friendly neighbourhood? A property with future investment potential? Steve will narrow down the search to homes that truly meet your criteria. His extensive knowledge of Sherwood Park ensures he can provide valuable insights about local schools, amenities, and even lesser-known up-and-coming areas.

Once you’ve found the right home, Steve’s expertise in crafting strong offers and negotiating with sellers will help you close the deal smoothly. He’s with you every step of the way, making sure the home-buying process is as stress-free as possible.

For Sellers:
Selling a home with Steve means you’ll benefit from his keen eye for detail and marketing expertise. From staging advice to professional photography, he ensures your home is presented in the best light. His knowledge of current market trends allows him to price your home competitively and strategically attract serious buyers. Steve also uses a combination of traditional and digital marketing methods to maximize your home’s exposure, helping you get top dollar in a timely manner.

Client Success Stories

Steve Leddy’s clients consistently rave about his commitment to exceptional service and his ability to deliver outstanding results. Here are a few success stories that highlight why Steve is the go-to REALTOR® for Sherwood Park:

  • Darren & Nancy, satisfied sellers, shared:
    “We were thrilled with how Steve marketed our home! It sold quickly and above asking price. His professionalism, transparency, and regular updates made the process easy. He’s a fantastic negotiator and took care of everything. Highly recommended!”
  • Kristin S., a buyer, praised Steve’s dedication:
    “Steve was amazing to work with. He found us the perfect home, even in a competitive market. His knowledge of Sherwood Park made a huge difference, and we never felt pressured. He genuinely had our best interests in mind.”

These are just a few examples of how Steve Leddy goes above and beyond for his clients. He often tailors his services, whether for first-time buyers or seasoned sellers. This strategy proves that working with Steve means you’ll be in trusted hands.

Ready to Buy or Sell in Sherwood Park? Contact Steve Today!

amenities in sherwood park real estate

If you’re considering buying or selling in Sherwood Park, don’t settle for anything less than a REALTOR® who truly knows the area. Steve Leddy’s local expertise, dedication to his clients, and proven track record make him the ideal partner for your real estate journey. Contact Steve today to start the conversation and take the next step toward your real estate goals!

Sherwood Park is an outstanding community, offering something for everyone, from families to professionals. If you’re looking to buy or sell a home in this thriving area, working with Steve Leddy is the best decision you can make. His deep local knowledge, expert negotiation skills, and unwavering commitment to his clients ensure that you’ll have the best possible real estate experience.

Get in touch with Steve today to see how he can help you make your next move a success!

homes for sale in edmonton

Exploring Houses for Sale in Edmonton Alberta This Fall

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As a homeowner or eager buyer in Edmonton, understanding the fall market conditions can be challenging. As the Bank of Canada (BoC) continues to lower its key lending rates, the market is undoubtedly shifting. Experts have informed the public that these rate cuts are likely to persist throughout the year.  As a result, those invested in real estate have raised questions about how this will affect their portfolios. If you are a buyer or seller looking to capitalize on the fall market buzz in Edmonton, it is important to understand the current climate. In this article, we will cover a brief overview of what you can expect based on your real estate goals. 

How to Sell Houses for Sale in Edmonton Alberta in the Months to Come?

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With the rate at which interprovincial migration to Edmonton is going, the housing supply in Edmonton continues to be limited. A large majority of new Edmonton residents are coming from Ontario to escape sky-high prices. While Edmonton city planners are working hard to create more housing developments, demand is still outpacing inventory. Consequently, this has resulted in a market climate that overwhelmingly favours sellers. 

If you are a seller looking to capitalize on these conditions, there are a few things that you can do. The first is to find a way to set your property apart from the rest of the market listings. Even though demand is outpacing supply, it is still critical that you take the time to market your listing well. Before you put your home for sale, consider adding a fresh coat of paint, decluttering and hiring a landscaping company to refresh your home’s exterior. Another great way to make sure that your home stands out is by having a professional photographer take your listing photos. Photographing your listing by an expert will ensure that your home’s best features are displayed. 

Another important tidbit for sellers to remember is that older, low-end condos are selling very well in the current market. If you are an eager seller who has been sitting on an older property, it could be worth putting it up for sale this fall. Many properties that fit into this category are being snatched up by investors and first-time homebuyers looking to get their foot on the property ladder. If you’re still unsure about selling your home, chat with an experienced real estate professional to see what your options are! In many cases, several options are available to move up and cash in on lower-end properties. 

Buying During a Seller‘s Market

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As a buyer looking to purchase a home in a seller’s market, there is a lot to keep in mind to make the best financial decisions. While the rate cuts are increasing consumer confidence, it’s still important to tread with caution. Even though interest rates are on their way down, the value of real estate in Edmonton is rising faster than the savings produced by the BoC’s cuts. As a result of this, experts are warning buyers not to wait until rates drop to enter the market. For those that wait too long, they may find themselves lowering their expectations about what they can purchase due to the jump in the value of houses for sale in Edmonton Alberta. 

Buyers waiting for more inventory to hit the market could be sidelined for a while longer. There is lots of inventory currently locked up, which real estate professionals are calling “shadow inventory”. The reason this real estate is unable to sell is because the homeowners of shadow inventory don’t want to list their property for sale until they line up a new home to buy. If this sounds like you or someone you know, it’s important to work with an expert. Navigating this issue can be done with the right help from a REALTOR® and mortgage broker. 

With all of this in mind, buyers looking to purchase a property 10 years or older in the $600,000 to $1 million range, finding a property is no problem at all. In fact, in this scenario the market is favouring buyers. The same rings true for those searching for a property in the luxury market ($1 million+). However, when you start getting into the $500,000 range and below, the market is increasingly competitive. 

Contact me About Houses for Sale in Edmonton Alberta!

Understanding the current market climate in Edmonton is critical as you look towards achieving your real estate goals. Contact me today to learn more about houses for sale in Edmonton Alberta. I’d be happy to answer any questions you have about how to achieve your fall 2024 real estate goals. Feel free to reach out to me at any time! Be sure to check back next month for more real estate-related information. I look forward to working with you in the near future.

condos in edmonton ab

Buying and Selling Condos in Downtown Edmonton: What You Need to Know

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Downtown Edmonton is an attractive hub for both young professionals and downsizers seeking a vibrant urban lifestyle. With its mix of historic and modern buildings, proximity to amenities, and access to public transit, it’s no wonder that condos in this area are in high demand. As a seasoned RE/MAX REALTOR® in Edmonton, I have helped numerous clients navigate the complex world of buying and selling condos.

This article provides an in-depth look at the current market, the challenges faced by buyers and sellers, and how to overcome them in Alberta’s shifting real estate landscape.

Current Market Trends in Downtown Edmonton

The downtown Edmonton condo market is currently experiencing a period of adjustment. While prices have stabilized after previous fluctuations, inventory levels remain high, creating a buyer’s market. The ongoing recovery of the oil industry and rising interest rates are significant factors influencing both buyers’ and sellers’ decisions. Compared to other parts of Alberta, downtown Edmonton offers a more affordable entry point into homeownership, but the competition, particularly with new condo developments, is fierce.

Challenges Facing Condo Buyers in Downtown Edmonton

For buyers, one of the biggest hurdles is navigating the impact of rising interest rates and stricter mortgage stress tests. These financial factors have made it more difficult for some prospective buyers to qualify for mortgages, pushing them to consider their budgets and financing options carefully. Additionally, the influx of new condo developments in the area means buyers must be discerning when choosing between resale units and new constructions.

Another challenge is understanding condo fees and potential special assessments. Alberta’s Condominium Property Act has undergone recent changes, making it crucial for buyers to thoroughly review condo documents to avoid unforeseen costs. Working with an experienced REALTOR® like myself, can help buyers with these complexities and ensure they make informed decisions.

Challenges Facing Condo Sellers in Downtown Edmonton

Sellers in downtown Edmonton face their own set of challenges, particularly in a competitive market with numerous new developments. To stand out, sellers must price their condos strategically and may need to invest in staging, repairs, and even minor renovations to attract buyers. A well-presented property can make a significant difference in a market where buyers have many options.

Additionally, sellers need to be aware of market conditions and be realistic about their timelines. Overpricing a condo or being inflexible on closing dates can result in extended time on the market, which could ultimately lower the sale price. Partnering with a REALTOR® who understands the nuances of the downtown Edmonton market, is essential for setting realistic expectations and achieving the best possible outcome.

Legal Considerations for Condo Transactions in Alberta

Alberta’s Condominium Property Act has seen recent updates impacting buyers and sellers. These changes include new regulations around condo boards, reserve funds, and special assessments. Both parties need to understand their rights and obligations under these new rules.

For buyers, a thorough review of condo documents, including the status of reserve funds and any upcoming special assessments, is crucial. For sellers, disclosing all necessary information and ensuring compliance with legal requirements is key to a smooth transaction. The guidance of a knowledgeable REALTOR® can help navigate these legalities and protect both parties’ interests.

Tips for Buyers: What to Look for in a Downtown Condo

When purchasing a condo in downtown Edmonton, it’s important to consider not just the unit itself but also the location and amenities. Proximity to work, public transportation, and lifestyle amenities like restaurants, parks, and pet policies can greatly enhance the living experience.

Buyers should also pay close attention to the financial health of the condo corporation by reviewing documents like the reserve fund study and minutes from condo board meetings. This will help identify potential red flags, such as underfunded reserve funds or upcoming special assessments, which could affect future costs.

Tips for Sellers: Maximizing Your Condo’s Value

For sellers, timing and presentation are key to maximizing your condo’s value. The best time to sell is when the market is favorable, which often means understanding current trends and buyer demand. Proper staging and minor upgrades can significantly enhance your condo’s appeal, making it more attractive to potential buyers.

Marketing your condo effectively is also crucial. Professional photography, virtual tours, and targeted online marketing can help your property stand out in a crowded market. My expertise in crafting a tailored sales strategy ensures that your condo reaches the right audience, increasing the likelihood of a successful sale.

Buying or selling a condo in downtown Edmonton can be a rewarding experience, but it comes with its own set of challenges. Understanding the current market, being aware of legal considerations, and working with a knowledgeable REALTOR® like myself are all essential steps to success. Whether you’re looking to buy your first home or sell your current property, I’m here to provide expert guidance every step of the way. Contact me today to learn more about how I can help you navigate the downtown Edmonton condo market with confidence.

mortgage for new home in edmonton steve leddy real estate

Buying New Houses for Sale in Edmonton: Mortgage Broker Vs. Bank

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When getting a mortgage for new houses for sale in Edmonton, it can be tricky to decide whether to go with a mortgage broker or a bank. Knowing the difference between the two in your home-buying journey is essential. Both options present several pros and cons that could help you make a smarter choice that saves you time and money. In Canada, it is common to use a bank to secure a mortgage due to its established presence and reputation. However, it is not unusual for homebuyers to outsource a mortgage broker. In this article, I will help you better understand the differences between mortgage brokers and banks when it comes to applying for a mortgage. Follow along below to learn more. 

All About Mortgage Brokers

Mortgage brokers are often referred to when it comes time to make a home purchase decision. But, what is a mortgage broker and how are they different from a bank? According to ratehub, mortgage brokers are licensed mortgage specialists with access to multiple lenders and mortgage rates. They act as an intermediary between you (the buyer) and the lender. A mortgage broker’s commission is ultimately paid by the lender who provides the mortgage. Mortgage brokers represent 43% of all mortgage originations in Canada according to the 2023 CMHC Mortgage Consumer Survey. 

Mortgage brokers, like banks, will put together a mortgage application. Some examples of mortgage brokers in Canada include: CanWise Financial, Dominion Lending, Safebridge Financial and The Mortgage Centre. One of the greatest perks to working with a mortgage broker is that they essentially do the “shopping around” on your behalf. They also negotiate for you, and present you with the lowest rate that you qualify for given the market conditions. Any sort of discount that the mortgage broker gets can be passed on to you, which can be of great benefit.

Despite these benefits, there are also some downsides to working with a mortgage broker. For example, they often charge fees that are incorporated into your contract. While using a mortgage broker may appear “free” for creditworthy borrowers, it’s important to be cautious of these potential costs. Another possible risk of using a mortgage broker is the variability in service quality. Not all brokers have the experience and knowledge to secure the best deal for you. Therefore, it’s crucial to find someone trustworthy with a positive reputation. Additionally, if you are purchasing a home for the first time, you might find it advantageous to acquire a mortgage through a bank with which you have an existing relationship.

Using a Bank to Secure a Mortgage for New Houses for Sale in Edmonton

A more common route to securing a mortgage in Canada is through a bank. According to the 2023 CMHC Mortgage Consumer Survey, banks accounted for 57% of mortgage originations. This number has gone down in recent years, due to the growing popularity of mortgage brokers. When you acquire a mortgage from a bank, it usually means that you go through a chartered banking institution that offers personal banking, credit, loan and mortgage services. There is no middleman involved when you receive your mortgage from a bank. This is because the bank acts as a lender. 

When you apply for a mortgage at a bank, they will put together an application for you. Some examples of Canadian banks that you can receive a mortgage from include TD, RBC, BMO, CIBC, Scotiabank and Tangerine. Unlike a mortgage broker, banks can only offer their mortgage products. This can leave you somewhat limited in terms of options. It also requires that you shop around and compare lending rates on your own. As a first-time buyer, this can be somewhat daunting. What’s more, is that even though banks offer discounts on their posted mortgage rates, it is up to you to negotiate to receive them at a cheaper cost. 

Acquiring a mortgage through a bank offers the perk of consolidating your financial services with a provider you already know and trust. This familiarity can simplify your banking experience by allowing you to manage multiple financial products, such as savings, investments, and insurance, under one roof. By leveraging an existing relationship, you may also benefit from streamlined communication and potentially better integration of services tailored to your financial goals. This consolidation can enhance convenience and efficiency in managing your finances.

Contact me Today!

Understanding the difference between mortgage brokers and banks is important as you look towards achieving your real estate goals. Contact me today to learn more about new houses for sale in Edmonton. I’d be happy to answer any questions you have about how to achieve your 2024 real estate goals. Feel free to reach out to me at any time! Be sure to check back next month for more real estate-related information. I look forward to working with you in the near future. 

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How do Canadians Feel About Buying Edmonton Real Estate for Sale?

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Since interest rates began to climb in 2022, Alberta cities have remained relatively affordable compared to national averages. As such, many Canadian homebuyers have looked to this province to find an inexpensive place to live. However, with such a great number of buyers relocating to Alberta, prices in major cities like Edmonton and Calgary have been forced in the upward direction. Consequently, this causes Alberta residents to be a bit more cautious before pulling the trigger on purchasing a home. To give you a better idea of the market for Edmonton real estate for sale, I put together this market update. Here, you’ll find the latest trends and best places to buy real estate in the city. Follow along below to learn more. 

BMO Survey Reveals Hesitance in Canadian Homebuyers

At the end of April, BMO released its BMO Real Financial Progress Index. This survey is designed to indicate how consumers feel about their personal finances and whether they are making financial progress. The inaugural release of this survey was in 2021 to help Canadians navigate the uncertainty of the pandemic. Now, it serves as a way for Canadians to check in and see how they’re coping with current economic challenges. For example, inflation and rising interest rates. The index reveals insights into spending behaviours, financial confidence, and areas causing financial anxiety. Thus, offering a comprehensive view of Canadians’ financial well-being. 

In the most recent release of this index, BMO found that 72% of aspiring homeowners are still waiting for interest rates to drop off before buying a home. This value is up 4% year-over-year, indicating rising concerns for affordability and financial stability. Within this report, 58% of people noted that they were worried about the cost of living. Another 56% said that inflation was a major concern, and 38% said they were uncertain about their overall financial situation. For buyers who are set on waiting until interest rates come down, there is a possibility that the Bank of Canada could make cuts this month or the month following (July). 

What’s interesting is that among all of the financial concerns, 85% of Canadians still believe that they are making real financial progress. Furthermore, 67% went as far as to say that they are confident in their financial situation. Despite this, housing costs remain the top source of anxiety for Canadians, with 74% of people highlighting this in the report. The main factors contributing to this anxiety include a shift in the Canadian dream, pent-up demand, refinancing troubles, climate considerations, and the cost of homeownership itself. 

What Does This Mean for Buyers and Sellers of Edmonton Real Estate for Sale?

For buyers, these statistics highlight several key trends in the real estate market. First, there is limited demand for homes until interest rates decrease. This is because many buyers are hesitant to enter the market given such high borrowing costs. Buyers who do not wait for rates to drop will benefit from reduced competition, giving them more time to conduct due diligence and explore their options. Less buyer-to-buyer competition means decreased pressure to make a quick decision—something that is common in a crowded market. If you’re ready to act now, work with a REALTOR® to leverage the current market conditions. 

Another trend that is becoming more prevalent across Canada is the redefinition of the Canadian dream. While many Canadians aspire to one day purchase a home, this goal is becoming increasingly hard to achieve. As such, Gen Z and Millennials are being forced to look at alternative paths to homeownership. Over half of people in these generations are aspiring homeowners, but most believe that this goal won’t be achieved until 2025 or later. Gen Z and Millenials are the most likely to expect to receive or plan to ask for financial help from their parents/grandparents. Other homebuying strategies include rent-to-own agreements, co-owning with someone other than immediate family, or renting out a portion of the house. 

On the other side of the market, sellers will need a strong marketing strategy to sell their property until local buyer activity resurfaces. Working with a trusted REALTOR® is a great way to ensure that your home sells in the toughest market conditions. Despite many buyers still waiting on the sidelines, there remain several out-of-town buyers who are actively seeking homes in Edmonton. Appealing to this demographic may be sellers’ ticket to success in the current climate. 

Contact me Today!

Paying attention to market trends and statistics is critical for those looking to buy or sell real estate this summer. Contact me today to learn more about Edmonton real estate for sale. I’d be happy to answer any questions you have about how to achieve your 2024 real estate goals. Feel free to reach out to me at any time! Be sure to check back next month for more real estate-related information. I look forward to working with you in the near future.