Sonia's Real Estate Blog

Up until not so long ago, kitchen spaces were pretty unglamorous areas that were tucked away right at the back of the house. Meals used to be prepared there, and all the dishwashing was done there too. Homeowners didn’t really pay too much attention to the aesthetics of their kitchens. It was just a utilitarian space that didn’t garner too much attention when it came to design or décor.

Today, smart technology has overtaken the kitchen design landscape. And it isn’t just advanced appliances and gadgets that are making an appearance in modern kitchens across the country. Ranging from the lighting and fridges to the faucets and appliances, everything is going smart, making this one of the most notable kitchen design trends in 2018.

1. Have a discussion with your kids about the move. Make it a point to answer all their questions and clear their doubts. This will help them understand what is happening and what they can expect. The idea is to allay their fears and make them feel more positive about the move.
2. It’s also important that you stay calm during this period. This is because children (even very young ones) are able to quickly pick up the nuances in their parent emotions. This is especially true if they feel their parents are anxious and stressed. When you remain collected and calm during the entire packing and moving process, it also helps calm your kids down.
3. Turn packing into a fun activity. If your children are old enough, allow them to do some simple packing like packing their toys away in boxes etc.
4. Be proactive in discussing details about the new neighbourhood with your children. Do some research with them, to make them more familiar with their future surroundings.
5. Many parents find that reading interesting children’s stories related to moving day, to their kids is a great way to make them look forward to the change.

1. Pyjamas and clothing
2. Wipes and diapers
3. First aid kit and medications
4. Toys
5. Juice, formula etc.
6. Bottles, sippy cups, and their favourite snacks
7. Blanket
8. Carrier and stroller
9. Extra pacifiers
10. Car seat
11. Bath items

1. Give your children a tour of the house and let them also explore the space freely. Point out to them which spaces can be used for playing and frolicking around.
2. If you find that your kids are very eager to unpack things, allow them to do so. In fact, if they’re old enough, encourage them to take out all their books and toys from the moving boxes and place them on shelves or in cabinets.
3. If you are planning on repainting the house, older kids can help you pick out the colours for their bedrooms. In fact, you can also hand them a roller and ask them to help with the paint job.
4. Always ensure that you maintain your child’s routines such as activities, nap times play and fun times and meals etc. This consistency will tell them that all’s well and they will feel more secure.

Many people think about just the cost and the interest rate at which they can get a loan while buying a new home. However, the lending process in extremely important and there are other costs that you should consider as you prepare to buy any property. As both a licensed REALTOR® and Mortgage Broker, I’ve come up with a few tips to keep in mind while buying a house:

1. Have a Trusted Realtor® It is no secret that Realtors® get a cut of the sale price of the house. This makes some buyers hesitant to hire one, believing it drives the overall rate up. The seller and not the buyer pays the commission rate. Listing agents (the agent who represents the seller) in most cases does not have your interests in mind and can simply keep both sides of the commission. It means that you are saving no money. Having a Realtor® in your corner can help you a great deal. The Realtor® will help negotiate the price and also inspect the home thoroughly for any defects.

2. Remember That Purchasing a House Involves Contracts There are many papers and documents to sign while going through the process of buying a home. Many of these papers look like standard contracts with no room for negotiation. However, this isn’t true; contracts are meant to be negotiated. There is no need for you to sign a standard agreement. Realtors® come in handy when you require more time for reviewing the house inspection, or wish to have a radon test or need a mortgage approval.

3. Focus on Your Future Plans Buying a house is one of the biggest financial commitments that you might make. However, before buying your dream house you should consider these points:

• Do you plan to continue working at your current job?
• Are you getting married in the near future?
• Are you considering having kids?

If yes, based on the market conditions and terms of the mortgage, you will end up paying for your mortgage over the duration of the loan. It’s important that you keep your future plans in view while considering buying a home.

4. Keep Commitment in Mind When you are planning to get married the laws generally determine how your assets will be treated & how will they be distributed if you get a divorce. These rules do not necessarily apply when you’re single. You have to think about the future. If you purchase a house with someone who isn’t your spouse, having an exit plan if things don’t go too well is a good idea. Make sure to have an agreement made with respect to mortgage payments, repairs, titling and liability. It is better to take the assistance of a lawyer and get all of this in writing.

Buying a home is a major financial commitment and getting it right is about taking a 360-degree view of your current and future situation and needs. This will help ensure you are able to make the proper provisions while purchasing your home, without straining your finances excessively.

Whether it’s your first time buying a home or you’ve bought and sold property a dozen times before, teaming up with the right Sherwood Park & Edmonton Area REALTOR® is the critical first step in making a great experience.

Sonia Tarabay puts her inner tiger to work for each and every one of her home­-buying clients, delivering outstanding 5 Star Service every time. When you’ve got Sonia on your side, buying a home is easier, faster, and way more fun!

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!

Millennials are in the job market and they are buying homes in Edmonton and Sherwood Park! But, what type of homes are millennials looking for? Knowing this can make all the difference for those who are trying to sell their home as the market is packed with millennials looking to buy. As one of RE/MAX’s Top 100 REALTORS® Worldwide, I have the expertise and experience to give you some great insights into what Millennials are looking for in a home.

The Kitchen and Bath Must Be Updated

Both the kitchen and bathroom must be updated for millennials to even be interested in looking at a property. What are they looking for in an updated bath and kitchen? New and updated fixtures, modern cabinets, and updated flooring is a complete package that turns their heads.

Large Kitchen

A large kitchen seems to be something that draws millennials into a home to buy. Years ago, people would dine in the dining room, but millennials would rather have a large kitchen that enables everyone to hang out in one space.

Open Floor Plan

An open floor plan is something that many millennials are attracted to. They like the space to flow easily from room to room, that way everyone is always included no matter where they are at in the home.

Furnishings that are Low Maintenance

What does this mean? Millennials are looking for furnishings that are low maintenance such as hardwood floors versus having carpets that require a lot more cleaning. They are also looking at the materials used in the kitchen and bathroom. They want countertops that are granite and easy to clean versus the laminate that may stain easily.

Energy Efficient is a Must

Millennials are all about being more energy efficient! If a home has solar panels or other cutting-edge efficiencies, or they find that the home is well insulated, they are going to put this into the win column for a home they are considering.

Technology

This includes the security of the home. A home with a technical side and a security panel are more received than those who do not have either!

Location with Walking Areas

The location is a big selling point with millennials. But, they are looking for a location that has nearby parks, walking paths or is within walking distance of something that interests them.

Room for a Home Office

Even a small bedroom can be a way for the millennial to have a home office. But, if a home already has this office in place, that is even better!

Ready to Move In

Millennials are often looking for a home that is ready to move in. They do not want to see items that they would have to fix…including anything that is simply décor. Keep this in mind when trying to sell to this group of people!

They Want to See it Staged

Yes…staging is really a selling point for millennials. They like to walk into a potential home and see how furniture and décor are already arranged before they commit to buying.

If you are selling a home and trying to reign in a millennial buyer, it may be time to make a few changes to make your home more acceptable to what they want! Get started today with a FREE HOME EVALUATION from me, Sonia Tarabay – RE/MAX’s Top 100 REALTOR® Worldwide!

As many of you know, along with being a REALTOR® I have been a licensed Mortgage Broker for almost nine years which has been a huge benefit to my clients. I love that I can work both sides of the equation which helps save people time, stress and money. However, rules are always changing in the mortgage industry and since I love helping people buy and sell homes so much, I have decided to make some exciting changes!

I am very pleased to announce that I am partnering up with Gerri Vaughan from Invis, whom I have known and trusted for many years. My partnership with Gerri means going forward, she will be there to help my clients obtain financing for their homes. This relationship is definitely a win-win for my fabulous friends and clients. It allows me to focus on what I love doing most and it allows Gerri to let her expertise shine and offer her excellent services to my clients!

We’re so excited to strengthen our team and bring the best of both real estate and mortgages to our clients in Sherwood Park, Strathcona County and Edmonton. We have access to some of the best financing options in the marketplace and we are looking forward to finding you a home and getting you the financing that works for your situation.

Gerri and I can’t wait to work with you!

Warmest regards,

Sonia