Sonia's Real Estate Blog

If you are planning on redecorating your home, you will want to check out what products are available in the market. Since there are a large number of furniture stores in Edmonton and Sherwood Park, it is a good idea to conduct a bit of research before going furniture shopping. This will help you identify what these stores specialize in and what they sell.

Here we look at 10 different stores that you can visit to find the furnishings, décor, furniture and other interior products you need. These stores offer various styles ranging from traditional to modern and everything in between. Typically most stores require ordering although some of them have ready stocks and you can buy the product off the shelves.

Aspects to Keep In View before Buying Furniture

Before buying any furniture for your house keep a few pointers in your mind such as:

• The available space
• The styling of the existing furniture
• Materials used in the furniture
• How often you have guests over
• Your personal preferences
• Your budget

The top 10 furniture stores in Edmonton

1. URBAN BARN With locations in both Edmonton and Sherwood Park, this store hosts a variety of contemporary and traditional pieces as well as a variety of home decor items to help you make the most out of your space.
2. CHINTZ & COMPANY Situated near 10502 – 105th Ave NW in Edmonton, this store is known for the chic and traditional twist used in their furniture. Unique details are incorporated in all the products, which add a distinctive look to them.
3. RESTORATION HARDWARE Located in Southgate Centre 5015-111st, this store provides customers with a large selection of furniture products. Known for their clean and classic looks with rustic raw elements, this store offers a lot more to customers who are looking for something unique that stands out.
4. POTTERY BARN Located on 8882-170 St, Pottery Barn offers a large selection of various products ranging from traditional, contemporary, a touch of rustic and nautical features.
5. CRATE & BARREL This store is known for its mid-century products with a few modern features and warm clean lines. It is located at Southgate Centre 5015-111 St
6. PIER 1 IMPORTS Furniture that is manufactured here has an ethnic exotic flavour. They have traditional and contemporary styled furniture. The store is conveniently located with locations in both Edmonton & Sherwood Park.
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7. HOME ENVY FURNISHINGS Located at 5240 Windermere Blvd (Edmonton) and #16-9175 Broadmoor Blvd (Sherwood Park), HEF is known for its Canadian made solid wood furnishings and accessories – made to order! Give your home a personalized touch with custom-made pieces from Home Envy Furnishings.
8. RESIDE FURNISHINGS It is an Edmonton based company, known to incorporate industrial and rustic elements to their products. Located at 10434 Mayfield Rd buyers who want an older and rustic look can opt for products from this store.
9. OLD HIPPY WOOD PRODUCTS If you’re looking for a custom piece to add character and a unique flair to your space, look no further than Sherwood Park’s own Old Hippy. Locally made, these furniture pieces maintain the unaltered characteristics of the wood used to ensure an authentic piece just for you.
10. SOFA LAND  Newly opened in Sherwood Park, Sofaland has been family owned and operated since 1992. They have a variety of modern, traditional, and quality furniture at an affordable price.

If you are located in Edmonton or Sherwood Park, you can choose from any of these stores that provide excellent and well-designed products. Good quality products will not only enhance the aesthetics of your home but improve its value as well. Want some more tips or are looking to sell your home? Get in touch with me today, Sonia Tarabay – Top 100 REALTOR® RE/MAX WORLDWIDE. 

When it comes to buying a home and getting a mortgage, there are a ton of elements that go into this. It is more than just finding the home and getting approved for the loan. There are also various other fees to consider. One of these is the mortgage insurance. As an experienced REALTOR® and licensed mortgage broker, I find that this can be a surprise to many people, as they were unaware that such a thing existed.

What is Mortgage Insurance?

Why is this Needed?

When is Mortgage Insurance Paid?

1. This mortgage insurance must be paid the entire first year of the mortgage
2. For those with an FHA guaranteed loan, the mortgage insurance has to be paid for the first 5 years of the loan
3. When the loan balance drops down to 80% of the original purchase price, most people can request that this mortgage insurance no longer be paid. However, the lender will be the final one to determine if this is possible or not.
4. Many loan companies have to remove this mortgage insurance premium when you drop down to 78% of the total purchase price.

Sonia is your One Stop Shop for all Real Estate & Mortgage Needs! Call today: 780-707-6015

The baby boomer generation in Sherwood Park and Edmonton is getting to the point in their lives that the larger home they have may too much. It may be too much space, or they may find that the upkeep is just too much. Many of those in this generation prefer to downsize in order to save money and time so that they can do those other things that they have always wanted to do. However, what should a person look for when downsizing? Having been around the real estate business in both Sherwood Park and Edmonton, I’ve gathered quite a bit of expertise on the subject and will take you through some of the things to look for when downsizing. Read on!

Look at the House Design

You want to find a new home that is going to work for you for years to come. In fact, many baby boomers say that the downsizing move is their last move. With this being said, here are a few elements to consider in the house design:

1. Wider doorways
2. Flat thresholds
3. The indoor air quality, which refers to having all the vents in the home going outdoors
4. A bathroom that can have support bars installed if needed later
5. A one level home is often the best choice for people, as they don’t want to be ageing and still having to go downstairs to do their laundry.

The Neighbourhood

Be Sure to Consider your Cash Flow

The Location

Take your time to make this decision, as this is a major financial move and give me a call at 780-707-6015. I’ll help you not only find the perfect home for this wonderful stage in life, but I’ll also help get your current home sold, cause with Sonia it’s SOLD!

For those who are shopping for a home in Sherwood Park or Edmonton, whether this is their first home or their third home, the mortgage options you have can make it even harder to make a decision. So, once you have found the home of your dreams, what type of mortgage do you need? Well, you’re in the right place! Not only am a top 100 REALTOR® with Re/Max Worldwide, but I am also a licensed mortgage broker – an expertise combo that’s a rarity within the industry. I have put together some information on the differences between the two main types of Mortgages: fixed and variable mortgages.

What is a Fixed Mortgage?

What is a Variable Mortgage?

Which is Better?

If you’re ready to talk mortgages and real estate, call me at 780-707-6015 today or get in touch to get the mortgage pre-approval process started!

When you buy a home, part of the buying process is the closing costs. These closing costs can be a significant chunk of your total amount owed. And it is important that people who are buying a home are taking their closing costs into consideration when it comes time to save for their home.

What are Closing Costs?
Closing costs are the costs that are paid at the end of the transaction when a buyer and seller have come to a decision on what is to be paid and everyone agrees. During this time, the home is transferred from the buyer to the seller. These costs are incurred by either the buyer or seller and sometimes even a combination of both.

What Fees make up the Closing Costs?
There are several fees that can make up the closing costs. These fees are not going to be seen in every transaction, it really depends upon your location, the type of property you are purchasing, and the type of loan that you may be using. Here are a few of the fees that could be included:
– An application fee
– Appraisal
– Fees for the attorney
– Closing fee or the escrow fee
– Courier fee
– Credit report
– A deposit into your escrow account
– Mortgage insurance premium
– Home inspection
– Lender’s policy title insurance
– Origination fee for the loan
– Transfer taxes
– Underwriting fee
– Recording fees
– Property taxes
– And so on…

How Much Should you be Saving?
If you are saving for a home, then knowing what closing costs could be, this can help you to save for these costs. The key is to know just how much your closing costs may be. The rule that most people follow is that the closing costs are often two to five percent of the total home cost. When you do get a loan, more than likely the payback will include your closing costs in the total amount. This loan estimate is only an estimate, and this may change as other fees may be added, increased or decreased. Therefore, don’t think that this is a concrete figure.

Once you have closed on a home, you will receive a Closing Disclosure statement that is going to state what fees are being included in the closing costs. You can then sit down and look at these for a concrete amount. This way, you are not going to be surprised by how much your closing costs are going to be.

So, how much should you be saving? If you have a certain amount that you are wanting to pay for a home, be sure to save up to five percent of this loan for the closing costs. There are times in which you can get the sellers to pay this closing cost but do not count on this. Instead, take the time to make a budget that includes an extra 5% of what you wanted to pay for a home. Not only can I help you find your next home, but I am a licensed Mortgage Broker with Invis in the province of Alberta. Let me help make your home buying experience easier, faster, and way more fun!! Sonia is your one-stop shop for all your Mortgage and Real Estate needs!