GREG STEELE

"Not All REALTORS® Are Alike"©

To quickly sell your home for a good price in a hot market, out-prep your competitors. Here's how:

1. It’s Been Deep Cleaned
Now more than ever, every room in your house has to look pristine. Don’t over-do it, though, with strong-smelling industrial-strength chemicals.


2. You Staged it like a Pro (or hired one)
Rent new furniture if you have to. Upgrade window coverings, buy new rugs and place fresh, white towels in the bathrooms. Put family photos in albums and then in storage.


3. It Appeals and Excites from the Curb
Buyers often tell you they were “sold” as they caught their first glimpse of your property. The flip side is this: You’ll lose the sale quickly if you don’t optimize curb appeal.


4. The New Paint Just Dried
The ROI on paint is high. Even if prospects have other colours in mind, a fresh coat of neutral paint on everything can help you close the sale.


5. The Kitchen Gleams
Some say the kitchen sells the house. It’s a top contributor. Stainless steel? Make it gleam. Older appliances? Consider buying one new one. It’ll give the full lineup a lift.


6. The Bathrooms Beckon
Stepping into spotless, well-organized bathrooms is always a nice surprise. When your home is on the market, consider it a must!


7. The Bedroom is a Sanctuary
Your space is competing with master bedrooms that boast spa-like ensuites, spacious walk-in closets and an overall feeling of retreat-style comfort. Win the competition.


8. You’re Out for Coffee
Not to be rude, but: Get out! It doesn’t matter how charming you are or what mood you’re in. Go for a drive or a long walk and find out later how everything went.


9. It Looked Great Online and Better for Real
It has to look great online. Approve the photos and hire a pro if need be. During showings, prep your home with great lighting and like new, “buy now” appeal.


10. You Made the Windows Laugh!
No streaks. No anything. Remember the TV commercial? “Mommy, you’re making the windows laugh!” Wipe them until they squeak (or laugh). Bring the outside in.

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I have listed a new property at 82 7503 GETTY GATE in Edmonton.
Beautiful Townhome with all the Upgrades. Features 3 bedrooms, 2.5 bathrooms, Spacious & Open Living Room, & extended Dining Area. Beautiful Kitchen with Granite Countertops, Extended Eating Bar, Custom Tile Backsplash, Corner Pantry, & Ceiling Height Cabinetry. Gorgeous Laminate Floor, ceramic & carpet flooring. Stainless Steel Appliances, Upgraded Faucets throughout, Banjo Counter Tops in the Bathrooms, upgraded LED Lighting, this home is a dream to walk through. This is ONE OF SIX LARGER EXTENDED UNITS IN COMPLEX. The Master Bedroom has a Bright Walk-In Closet with large window & 3PC Ensuite. 2 additional bdrms & 4PC bath round out upper level. Extended 23' FULLY FINISHED Double Attached Garage with water tap. CENTRAL AIR, F/Fin bsmt & Window Coverings Complete this amazing Home. Awesome front south facing fenced yard with Gas BBQ Hookup looks out onto the Courtyard. Close to all amenities, Costco, River Cree, Whitemud, Anthony Henday, Lakes & Walking trails, this home is Modern and Ready to Move In!
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The Garneau area of Edmonton has been described as “melting into the University of Alberta grounds” that border it.


The busy High Level Bridge connects it to downtown Edmonton. The LRT and major city bus routes run right through the neighbourhood, whisking you quickly to Whyte Avenue and 109 Street for shopping.


And this leafy, mature treed community, one of Edmonton’s oldest, also has one of its most diverse and funky assortments of coffee shops, restaurants and craft beer pubs anywhere in Alberta!


Looking for a property here? You’re not alone, although the majority of the community’s inhabitants are actually renters, living in character houses or walk-up apartments. If you’re buying, you can choose between new condo towers or one of the many 1950s era houses. Whatever you choose, you’ll benefit from the neighbourhood’s good schools, access to the University of Alberta Hospital and proximity to the river valley for world class scenery and recreation.

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I have listed a new property at 639 CANTOR LANDING in Edmonton.
Incredible luxury duplex!!! Many upgrades & features including large great room w/gas fireplace, massive kitchen w/walk-in pantry, large island, lots of cupboard space, granite countertops w/undermount sink & Lighting. Spacious master bedroom, 5 pc luxury ensuite, granite tops & walk-in closet. Main floor flex room can be used as an office, library, formal dining room or bedroom. Open plan boasts rich earthy tones & 2 1/4" hardwood flooring, 10' ceilings, sunny south exposure. Additional 2 pc bath on main w/adjacent washer/dryer. Professionally finished basement has extra large family room w/cultured stone gas fireplace, 1 bedroom and 4 pc bath w/granite countertops. There is an additional unfinished area that can be used for storage or future bedroom, games room, etc. Home has central air, high E furnace & hot water tank, underground sprinkler system. Cul-de-sac location. Man-made lake nearby. Excellent access to Hwy 2 S & airport. Motivated seller. A must to show! Priced well! A nonsmoking, no pet home
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I have listed a new property at 15715 77 ST in Edmonton.
LOCATION, LOCATION, LOCATION!!! RARE FIND!!! This spacious EXECUTIVE 2 STOREY WALKOUT BACKS ONTO A LAKE. 4 BIG bedrooms up including a wonderful master suite with it own private balcony overlooking the private landscaped yard and expansive lake view. The main floor features a living/dining combination, large white kitchen with centre island, built-in appliances, dinette, familyroom, bath, office/den/bedroom and laundry. The walk out basement was designed for entertaining features a bar, games area, private cold room, huge family room with wood stove, built in HOT TUB and full bath. Exposed aggregate concrete walks, driveway and patio. Upgraded balcony and deck with aluminum railings, tempered glass inserts and composite deck panels for long life and easy maintenance. Original OAK HARDWOOD floors in the living and dining rooms and an impressive curved oak feature wall at the entrance leading to the top floor. Close to schools, public transportation, parks, shopping and of course the GREAT LAKE VIEWS!!!
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Three new Canada Mortgage & Housing Corporation (CMHC) lending regulations went into effect July 1, 2020. Note, these might not affect you if you get mortgage insurance from private companies, rather than from CHMC.


Source of Down Payment
CMHC says: Non-traditional sources of down payments that increase indebtedness will no longer be treated as equity for insurance purposes.
What it means: CMHC will no longer allow you to use borrowed funds for your down payment.


Debt Service Ratios
CMHC says: (We’re) lowering the maximum GDS from 39 per cent to 35 per cent and the maximum TDS from 44 per cent to 42 per cent.
What it means: Gross Debt Service ratio (GDS) is the share of income used to cover a mortgage + other housing costs like property taxes. Total Debt Service ratio (TDS) is the share of income used to cover housing costs + cost of servicing other debts. With a 39 per cent GDS (previously), a family with $100K income and 10 percent down would have qualified to buy a $524,980 home. Under the new rules, that same family would only be approved to buy a $462,860 home, a reduction of 12 percent.


Credit Score
CMHC says: Credit scores must be at least 680, up from the previous 600.
What it means: Would-be homebuyers' qualifying credit scores must be at least 680, up from the previous 600.
Not sure you’ll meet the new CMHC requirements? As mentioned, you might still be OK. As of this writing, the rules don’t apply if you get your insurance with private companies such as Genworth MI Canada Inc. and Canada Guaranty Mortgage Insurance Co.

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