Prime Edmonton Real Estate - Edmonton Summerside is widely regarded as one of the top neighborhoods in South East Edmonton. The community of Summerside is a tight-knit community that is welcoming to everyone. There is a strong sense of community spirit in Summerside, and residents are always willing to help out their neighbours. Summerside is a great place to raise a family, as there are plenty of opportunities for kids to get involved in sports and other activities. There are also plenty of parks and playgrounds for families to enjoy.

Summerside is home to an impressive community hub - which is comprised of a Beach Club and man made lake that hosts dozens of different activities, clubs, and get togethers every month. This is supported by an Homeowners Assocaition Fee (HOA Fee) that home buyers in the community pay on an annual basis.

If you're looking for a place to call home, Summerside is definitely the place for you!

Here are the last 10 properties sold in the Summerside area;

***Information Courtesy of the Realtors Association of Edmonton***


Prime Edmonton Real Estate - Home energy efficiency has changed a lot over the last 50 years. In the early days, people would just use whatever they had to try and make their home more energy efficient. For example, they would line their windows with newspapers in the winter to keep the heat in.

Back in the day, people would do all sorts of crazy things to save money on their energy bills. Some would stuff old rags in the cracks of their doors, while others would hang sheets in front of their windows to keep the cold air out. And still others would huddle around the fireplace all day long, trying to stay warm. Thankfully, there are now much more efficient ways to save energy and money in your home.

Nowadays, there are a lot more options for home energy efficiency. You can buy insulation, window treatments, and heating and cooling systems that are specifically designed to be more energy efficient. And if you're not sure what you need, there are professionals who can help you figure out what will work best for your home.

So if you're looking to make your home more energy efficient, don't worry - there are plenty of options available to you. Just talk to a professional and they'll help you get started. You may be surprised at how much you can save on your energy bills!

Home efficiency is the ability of a home to use less energy to achieve the same outcome. This can be done through a number of methods, such as insulation, proper ventilation, and using energy-efficient appliances. Making your home more energy efficient can save you money on your energy bills, and it's also good for the environment. If you're interested in making your home more efficient, here are a few tips:

1. Insulate your home properly. insulation is one of the best ways to make your home more energy efficient. Make sure to insulate your walls, roof, and floor, and use proper insulation materials like fiberglass or cellulose. One of the most important things you can do to make your home more energy efficient is to properly insulate it. This means installing insulation in the walls, ceilings, and floors, and making sure that it is properly sealed so that no air can escape.

Insulation helps to keep your home warm in the winter and cool in the summer, which can save you a lot of money on your energy bills. It also helps to protect your home from the weather extremes, which can help to extend the life of your home. If you are considering buying a new home or upgrading your current home, be sure to ask about the insulation options available. You may be able to save money in the long run by choosing a home with good insulation.

There are many types of home insulation available on the market. Some of the most popular types include fiberglass, cellulose, and spray foam. Each type of insulation has its own benefits and drawbacks, so it's important to choose the right type for your home. Fiberglass insulation is one of the most common types. It comes in rolls or panels, and is easy to install. It's also affordable and can be installed in a variety of different places in your home. However, it can be prone to moisture damage and may not be suitable for all climates. Cellulose insulation is made from recycled paper products. It's effective at blocking noise and preventing air infiltration. It's also environmentally friendly and can be recycled when you're ready to update your insulation. However, it can be difficult to install and can be messy. Spray foam insulation is a newer type of insulation that has gained popularity in recent years. It's effective at blocking noise and air infiltration, and is also waterproof. However, it can be expensive and can take some time to install properly.

2. Install a programmable thermostat. A programmable thermostat can help you save money on your energy bills by automatically adjusting the temperature of your home based on your schedule. Installing a programmable thermostat is a great way to make your home more energy efficient. A programmable thermostat allows you to customize your heating and cooling schedule, which can help you save money on your energy bills. In addition, programmable thermostats are now very affordable, so there's no reason not to install one in your home.

There are a variety of programmable thermostats on the market, with a variety of features. Some of the most popular features include the following:

- Wi-Fi compatibility: This feature allows you to control your thermostat from anywhere in the world, as long as you have an internet connection.

- Remote sensing: This feature allows the thermostat to measure the temperature in different rooms, and adjust the temperature accordingly.

- Geofencing: This feature uses your phone's GPS to determine when you're home or away, and adjusts the temperature accordingly.

3. Properly ventilate your home. Make sure you have proper ventilation in your home to ensure that air circulates properly and doesn't get stale. This will help keep your home feeling comfortable and also reduce the risk of mold and mildew growth.

Home ventilation is important in home energy efficiency because it removes stale air and moisture, and brings in fresh air. This keeps your home comfortable and helps to reduce the need for heating and cooling.

One more recent tool being used in effectively ventilating a home is the Heat Recovery Ventilation system. Heat recovery ventilation is a system that recovers heat from exhaust air and uses it to preheat incoming fresh air. This can be done manually or automatically, and it's a great way to make your home more energy efficient. By recovering heat from the exhaust air, you can reduce your heating costs by up to 30%.

4. Use energy-efficient appliances. When it comes time to replace old appliances, make sure to choose Energy Star certified models. These appliances have been independently verified to use less energy than their standard counterparts, and they’ll help you save money on your energy bills month after month.

Laundry appliances are a big source of energy consumption in the home, so it’s important to choose the most energy efficient models when you’re shopping. The most efficient laundry appliances are front-load washers and dryers. They use about 50% less energy than traditional top-load washers and dryers.

If you already have a top-load washer and dryer, you can make them more energy efficient by using the right settings. For example, wash clothes in cold water whenever possible and use the shortest cycle that will get the job done. Hang clothes to dry instead of using the dryer whenever possible. These simple tips can save you a lot of energy and money over time.

Kitchen appliances account for a large percentage of your home’s energy use. If you are looking to make your home more energy efficient, upgrading your kitchen appliances is a great place to start. Here are some tips for choosing energy efficient kitchen appliances:

- Choose appliances with the Energy Star label.

- Look for models with a high efficiency rating.

- Avoid stand-alone refrigerators and air conditioners.

- Choose ENERGY STAR certified dishwashers, which can save you up to $75 a year in energy costs.

-Opt for a gas stove over an electric stove, as gas stoves are more efficient.

- Use a microwave oven whenever possible instead of an oven or stovetop. Microwaves use far less energy than ovens or stovetops.

5. Educate your family about conserving energy. Children are often unaware of the importance of conserving energy, but if you take the time to educate them about the issue, they can be powerful allies in your efforts to make your home more efficient. Explain why it’s important to turn off lights when leaving a room and encourage them to come up with other ways to conserve energy around the house.

6. Consider solar power. Solar panels are becoming increasingly affordable, and they offer a great way to reduce your reliance on fossil fuels. If you’re interested in solar power, start by doing some research to see if it’s right for your home.

Installing solar power into homes is one of the best and smartest things a home owner can do to increase the efficiency of their home. Not only does it help reduce reliance on fossil fuels, it also helps keep energy costs down and boosts the overall property value of a home. Solar power is a great option for Edmonton homes as the city sees an average of 2,300 hours of sunlight each year. That’s more than enough to take advantage of solar energy and see significant savings on electricity bills. There are a few different ways to incorporate solar power into your home. Solar photovoltaic (PV) panels are the most popular method as they can be installed on rooftops and generate electricity from the sun’s rays. Solar hot water systems use the sun’s heat to warm water, which can then be used for things like showers, dishes, and laundry.

7. Use energy-efficient light bulbs. Compact fluorescent light bulbs (CFLs) use 75% less energy than traditional incandescent bulbs, so they’re a great way to save money and reduce your energy bills. Energy efficient light bulbs use less energy than traditional incandescent light bulbs, and can last up to 10 times longer. This means that you’ll save both money and energy by using them. In addition, they generate less heat, so they’re a safer option for your home.

8. Get your furnace regularly inspected and serviced. One of the best things you can do to make your home more energy efficient is to have your furnace inspected and serviced regularly. This will help ensure that your furnace is running as efficiently as possible, which will save you money on your heating bills. Additionally, if there are any problems with your furnace, they will be identified and repaired before they cause further damage or become a safety hazard.

A furnace inspection typically includes a visual inspection of the furnace to look for any problems, as well as a test of the furnace to make sure it is running properly. The inspector will also check the furnace's filters and clean them if necessary. If you have a forced air furnace, the inspector will also check the ductwork to make sure it is free of any dirt or debris. If you are not sure how often you should have your furnace inspected, most experts recommend that it be done at least once every year or two, or more often if you have an older furnace. If you live in an area with extreme weather conditions, you may need to have your furnace inspected more frequently.

Living in an energy efficient home is important for a number of reasons. First and foremost, it can save you money on your monthly energy bills. Additionally, it can help reduce your carbon footprint and contribute to the fight against climate change. By making simple changes like using energy-efficient light bulbs and getting your furnace regularly inspected, you can make your home more energy efficient and save money at the same time. If everyone made these small changes, it would have a big impact on our planet's future.

For more tips on how to make your home more energy efficient, visit the Edmonton Energy Efficiency website at


Prime Edmonton Real Estate - In 2022, more than ever people are realizing that their backyard is a valuable space that can be used for a variety of purposes, from offices to she sheds to home gyms. By utilizing your backyard space, you can get work done or exercise without having to leave home. Additionally, by using your backyard, you can save money on office rent, entertaining costs, or membership fees.

Traditional Uses of Backyards

Backyards are traditionally used for activities such as grilling out, entertaining guests, and simply enjoying the outdoors. Many Edmonton homeowners take advantage of their backyard by installing a deck or patio to make the most of the space. Having a backyard can also be great for kids, as it provides a safe place for them to play without having to worry about traffic.


Greenhouses are a great way to extend the growing season for plants. They can be used to start plants early in the spring or to keep plants going later into the fall. Greenhouses can also be used to grow plants that wouldn't normally be able to grow in your climate.

If you're thinking of adding a greenhouse to your backyard, there are a few things you need to consider. First, you need to decide what type of greenhouse you want. There are several different types, including cold frames, hoop houses, and greenhouses with heating systems.

You also need to consider how much space you have available. Greenhouses come in all shapes and sizes, from small ones that fit on a deck or patio to large ones that take up an entire backyard.

Once you've decided on the type and size of greenhouse, you need to think about what you'll use it for. If you're mainly interested in extending the growing season, then you'll need to choose plants that can withstand cooler temperatures. If you want to grow tropical plants, though, you'll need a greenhouse with a heating system.

Finally, you need to think about your budget. Greenhouses can be expensive, but there are a few ways to save money. You can build your own greenhouse, for instance, or buy a used one. You can also look for sales and discounts at local garden stores.

Entertaining Spaces

Adding an entertainment space to the backyard is a great way to enjoy the summer months. Edmonton homeowners can choose from a variety of options, such as a patio, deck or gazebo, to create the perfect spot for spending time with friends and family.

A patio is a great choice for homeowners who want a low-maintenance option. Patios can be made out of a variety of materials, such as stone, brick or concrete, and can include features like benches and tables.

Decks are another popular option for Edmonton homeowners. A deck can be made out of wood or composite materials, and can include features like stairs, railings and benches.

If you want to go all out, consider building a gazebo in your backyard. Gazebos are typically octagonal or hexagonal in shape, and can include features like roofing, curtains and lighting. They’re perfect for hosting parties or simply relaxing in the sun.

No matter what type of entertainment space you choose to add to your backyard, make sure to consider your needs and budget. Edmonton homeowners can find a variety of options for backyard entertainment spaces at local home improvement stores.

A New Twist on the Backyard Kids Playhouse

A kids playhouse in the backyard can provide hours of fun for children. It can also be a great place for them to escape to during summer months when the weather is too hot to play outside. When looking for a playhouse, it is important to find one that is durable and weatherproof.

Some parents may choose to build their own kids playhouse, while others may purchase one. If you choose to build your own, there are many online tutorials that can help you get started. If you decide to purchase a playhouse, there are many different options available, including wooden playhouses, plastic playhouses, and even teepee-style playhouses.

When putting a kids playhouse in the backyard, it is important to make sure that it is safe. This means ensuring that the playhouse is situated away from trees and other potential hazards. It is also important to have a safe way for children to enter and exit the playhouse.

The Problem With Backyard Hot Tubs...

While having luxurious items in your backyard, like a hot tub, can be a lot of fun, there are some drawbacks to consider. First and foremost, if you have an expensive item like this in your backyard, it can be a major eyesore for neighbors and guests. If you're not careful, it can also be a temptation for thieves, so you'll need to take extra precautions to protect your investment. If something goes wrong with the hot tub, it can be a hassle to get it fixed, since they usually require specialized technicians. Finally, in case you ever move, it is a huge cost to move the hot tub, and it is very difficult to sell a hot tub secondhand, especially for anything near what you paid for it. What if the new owners don't want it?

Backyard Factors to Consider When Buying an Edmonton Home

If you're thinking about Edmonton homes for sale with a backyard, here are a few things to keep in mind. One of the most important things to consider when looking at Edmonton homes for sale with a backyard is the size of the space. If you have a large family or entertain often, you'll want to make sure that the backyard is large enough to accommodate everyone comfortably. If you don't need a lot of space, however, a smaller backyard can be just as enjoyable. It's all about finding the right balance for your needs.

Another thing to think about when considering Edmonton homes for sale with a backyard is the layout of the space. If you entertain often, you may want to consider a layout that includes a patio or deck for dining and entertaining. If you have a large family, you may want to consider a layout that includes a playground or other kid-friendly features. Again, it's all about finding the right balance for your needs.

Finally, when considering Edmonton homes for sale with a backyard, don't forget to think about the maintenance involved. A larger backyard will require more upkeep than a smaller one, so be sure to factor that into your decision. If you're not someone who enjoys yard work, you may want to look for a home with a low-maintenance backyard.

Edmonton Backyard Ideas For 2022

Looking for inspiration for your backyard? We have a few ideas for a variety of yards and life stages. The first one is a newer idea - or more accurately, a new twist on an old idea. A she shed is a man-cave for women. It's a place where women can go to escape from the stresses of their everyday lives. They are becoming increasingly popular, as more and more women are looking for a place to relax and unwind.

The Evolution of 'She Sheds'

She sheds can be used for a variety of purposes, such as an office, a studio, or a yoga studio. They can also be used as a place to host parties or entertain guests. And, of course, they can also be used as a place to simply relax and read a book.

The best part about she sheds is that they can be customized to fit the individual needs of each woman. You can choose the size, the shape, and the design of your she shed. And you can personalize it with items that reflect your own personality and interests.

If you're looking for an escape from the everyday grind, then consider adding a she shed to your home. They are the perfect way to relax and rejuvenate yourself.

Backyard Home Gyms = Indoor Outdoor Workouts!

A home gym can be a great investment for people who love to work out. It can also be a great way to save money, since you won't have to pay for a gym membership. There are a few different ways to set up a home gym, and one of the best ways to do it is by installing it in your backyard.

If you're going to set up a home gym in your backyard, there are a few things that you need to keep in mind. The most important thing is to make sure that you have enough space. You'll need at least 100 square feet of space for most home gyms. You should also make sure that you have a level surface, so that your equipment won't wobble or move around.

If you don't have enough space in your backyard, or if you don't want to use up all of your backyard space, you can also install a home gym in your garage. Just make sure that the garage is big enough, and that it's well-ventilated, so that you won't overheat while you're working out.

Once you've got the space figured out, it's time to start shopping for equipment. Treadmills, ellipticals, and exercise bikes are all great choices for a home gym. You can also get weight machines, free weights, and other workout equipment. Just make sure that you get something that's durable, so that it will last for years to come.

Work From Home in a Backyard Office

If you're looking for extra space to work from home, or to run a small business, building a separate office space in the backyard can be a great option. Edmonton homes for sale come in all shapes and sizes, so there's sure to be one that's perfect for your needs. If you have the space, consider adding an office to your backyard.

There are a few things you'll need to take into account before starting construction on your new office. First, make sure that you have enough space to comfortably work in. You'll also need to consider the climate - if you're in Edmonton, you'll want to make sure your office is well-insulated and weatherproof.

Once you've decided on the size and layout of your office, it's time to start construction. If you're not comfortable doing it yourself, there are plenty of contractors who can help get the job done for you. Just make sure to get quotes from a few different companies before making a decision.

Once your office is complete, it's time to move in and get to work! Having your own workspace can be a great way to increase productivity and focus on your work.

Backyard Finishing Touches

Edmonton homeowners looking to add a touch of luxury and comfort to their backyard can consider purchasing a portable fireplace. A portable fireplace is a great way to enjoy the outdoors and keep warm at the same time. There are a variety of different types of portable fireplaces on the market, so homeowners can find the perfect one for their needs and budget.

Some homeowners may choose to install a permanent fireplace in their backyard, but for those who want the option of taking their fireplace with them when they move, a portable option is the best choice. Portable fireplaces come in a variety of styles, so homeowners can find one that matches their home's décor. They are also easy to set up and use, making them perfect for any occasion.

Portable fireplaces are great for Edmonton homeowners who want to add some extra warmth and comfort to their backyard during the colder months. They are also perfect for hosting parties or gatherings, as they provide a focal point for guests to gather around. Homeowners who are looking for a unique and affordable way to add some extra luxury to their backyard should consider purchasing a portable fireplace.

Lighting Your Backyard

There are many different lighting options that can be used in a backyard. One popular option is solar lights. Solar lights are powered by the sun and do not require any wiring or electricity. They are a great option for people who want to add some light to their yard but do not want to hassle with installing electrical wiring.

Another option for backyard lighting is LED lights. LED lights are becoming more and more popular because they last a long time and use very little energy. They can be installed in a variety of different ways, including burying them in the ground or mounting them on walls or fences.

String lights are a popular option for backyard lighting because they are affordable, versatile, and easy to install. Additionally, string lights can create a charming and festive atmosphere in the backyard. Some benefits of using string lights in the backyard include:

- String lights are a budget-friendly option. They are less expensive than other types of backyard lighting, such as solar or LED lights.

- String lights are versatile. They can be used to light up a tree, a fence, or any other object in the backyard.

- String lights are easy to install. They can be hung from trees or poles, or they can be wrapped around objects.

Whatever lighting option you choose, be sure to consider how much light you need and what type of atmosphere you want to create. There are many different Edmonton homes for sale that come with beautiful backyard lighting already installed. However, if you want to add your own personal touch, there are many different ways to do so. Talk to a professional about your options and find the perfect lighting solution for your home.

If you're looking for a way to make the most of your backyard, consider adding an office, she shed, or home gym. These additions can help you maximize the use of your space and improve your quality of life. Contact a local Edmonton homes for sale expert to learn more about adding a backyard office, she shed, or home gym to your property.

When it comes to Edmonton homes for sale with a backyard, there's something for everyone. Most Edmonton homes for sale come with sizeable backyards, which can be great for hosting gatherings or simply having some extra space to relax in. While many people use their backyard for traditional purposes such as gardening or grilling, it's also becoming increasingly common to see homeowners add on extra features like home offices, she sheds, and home gyms. If you're looking for a way to make the most of your backyard space, these are all great options to consider.


Prime Edmonton Real Estate - When it comes to buying a home, there are a few different ways to go about it. You can buy a home through a traditional real estate transaction, where you work with a real estate agent to find a home that meets your needs and then make an offer to the seller. Alternatively, you could buy a home at auction.

Auction style home sales are becoming increasingly popular in Canada, especially in the Greater Toronto Area (GTA). In the past few years, there have been a number of high-profile auction sales, including one for a home that sold for $3.6 million.

While auction style home sales are not yet common in Edmonton, they may become more so in the future as the city's housing market continues to heat up. If you're thinking of buying a home in Edmonton, it's important to be aware of this possibility and to know how auctions work.

How Do Real Estate Auctions Work in Australia?

The normal procedure for selling property in Australia is by using a real estate agent, who acts as an intermediary between seller and buyer. Another approach to purchase property is through auction, which has both a percentage of properties offered and the number of states in which it is the most common method of sale.

In some states, there are districts where it is impossible to purchase property except by bidding at auction.

There's been a lot of talk about auctions and how they're run, especially when it comes to bids. Governments have stepped in on occasion to establish rules of conduct, which may lead to the decline in popularity of auctions.

The seller initially published a very low expected selling price to attract potential buyers to the sale. But now they have had to be more realistic. Friends of the seller or auctioneer are no longer allowed to make false bids to increase the offered amount. Before the start of an auction, individuals who want to bid must register their interest in specific jurisdictions. The vendor may establish a hidden, reserve price, and any bids must be accepted until they reach or surpass this figure.

Even if your jurisdiction provides a cooling off period for property sales, this does not always apply when sales by auction are concerned. When an auction is finished, the sale is complete. This means that if you show up to an auction and the door of the house falls down, too bad! You should do your homework before you make a bid at an auction.

There are a few things you need to investigate before you buy a house. This includes inspections for pests and surveys. These things cost money, but they are worth it. If you miss out on a few houses while bidding, the process becomes more expensive. This is because pests like white ants, termites, and other insects can consume the entire structure of the house if they are not caught early.

Some sellers may be willing to offer written guarantees. If this is the case, read them carefully and keep a copy for yourself in case you need it.

When someone buys a house at an auction, they need to put down a deposit. This is usually 10% of the sale price. The contract is usually the standard Real Estate Institute issue. People usually have four to six weeks to settle. All their finances need to be in order during this time.

If you're considering buying a house that's in terrible shape, it might be less expensive to do so if you intend on renovating it yourself. However, if you are unfamiliar with the costs of renovation in Australia, it may be preferable to have the work done by professionals. In Australia, renovating a property frequently costs three or more times as much as remodeling a home in England does.

The primary distinctions between the offer and acceptance method and the auction approach are that, after your offer has been accepted but before the contract becomes unqualified, you may do research with offer and acceptance. You do your homework ahead of time with auctions.

The auction style home sale is when the property is sold to the highest bidder. In Australia, this process typically works like this:

1. The seller will list the property with an agent and set a reserve price, which is the minimum amount they are willing to accept for the property.

2. The agent will market the property and conduct viewings with potential buyers.

3. Once a buyer has been found, the agent will negotiate a sale price with them.

4. If the buyer is happy with the price, the agent will put the property up for auction and set a date and time for it to take place.

5. On the day of the auction, buyers will have an opportunity to bid on the property. The highest bidder will then buy the house at that price.

6. If there is more than one bidder, the property may be sold to the highest bidder after a period of negotiation between them and the seller.

If you're interested in buying a property at auction, there are a few things you need to do in order to prepare. First, you'll need to get pre-approved for a mortgage. This will give you an idea of how much money you'll have to work with.

Next, it's a good idea to attend a few auctions to get an idea of how they work and to see what kind of prices properties are selling for. You should also hire a real estate lawyer to help you understand the process and to protect your interests.

Finally, make sure you have enough money saved up for a deposit. In most cases, you'll need to put down 10% of the purchase price in order to bid on a property.

How Do Real Estate Auctions Work in the USA?

In the United States, real estate auctions are often used to sell foreclosed homes. A foreclosed home is a property that has been taken back by the lender after the borrower has failed to make payments. Foreclosed homes are usually sold at auction because the lender wants to get rid of them as quickly as possible.

A real estate auction is a public sale in which a property is sold to the highest bidder. In order to participate in an auction, you must first register with the auctioneer. The bidding usually starts at 50% of the asking price, and the property is sold to the highest bidder.

The advantage of buying a property at auction is that you can usually get a good deal. The disadvantage is that you may not be able to inspect the property before you bid on it. It's important to do your research before you participate in an auction.

What Are The Benefits of Real Estate Auctions For Home Buyers?

Auction style home buying has been growing in popularity in recent years in other parts of the world. There are a number of benefits to buying a home this way. For starters, it can be a great way to get a good deal on a home. Since the seller is motivated to get rid of the property, they may be willing to accept a lower offer than they would if they were selling through traditional means.

Another benefit of auction style home buying is that it can be a fast process. Once you have placed your bid, the sale is usually finalized very quickly – often within just a few days. This can be especially beneficial if you are relocating and need to find a new home quickly.

If you are interested in buying a home at auction, be sure to do your research first. Auction houses will often have lists of upcoming auctions, so you can see what properties are being sold and what the minimum bids are. You will also want to have your financing in order before you place a bid, as most auction sales are final and there is no going back once the property has been sold.

Buying a home at auction can be a great way to get a good deal on a new home. However, it is important to do your research first and be prepared with financing before you place your bid. With a little preparation, you can take advantage of this growing trend in real estate and find the perfect new home for you and your family.

What Are The Benefits of Real Estate Auctions For Home Sellers?

Home sellers can often benefit when selling a home auction style. This is because the marketing and sale process is much faster than a traditional real estate sale. Additionally, since there is no set price for the property, it can result in a higher sale price as buyers compete against each other. Finally, the auction format creates a sense of urgency which can motivate buyers to make a decision quickly.

Dangers of Buying Your Home Through a Real Estate Auction

When it comes to buying a home, most people would prefer to go through a traditional sale process in which they can take their time in finding the right property and negotiating the best deal. However, there is a growing trend of auction-style home sales, where properties are sold off quickly and often for above market value.

While some people may see the appeal of an auction-style sale – getting a property quickly and potentially at a good price – there are several potential negatives to consider. Firstly, you may not have enough time to research all of your options and find the right property. Secondly, the high price that some homes sell for at auction can often be out of reach for many buyers.

Finally, the fast pace of an auction sale can often lead to buyers making rushed decisions and overpaying for a property. If you're considering buying a home in an auction-style sale, make sure you weigh up all the pros and cons first. You may find that a traditional sale process is a better option for you.

Dangers of Selling Your Home Through a Real Estate Auction

When selling a home through an auction style sale, potential buyers bid on the property, and the highest bidder wins the home. While this may seem like an easy way to sell a home, there are some dangers to consider.

First, the seller may not get as much money as they would if they sold the home through a traditional sale. This is because the buyer may not be willing to pay as much as they would if they were able to negotiate with the seller. Second, the process can be stressful for the seller. They need to be prepared for people coming in and out of their home at all hours of the day and night. Finally, there is no guarantee that the home will sell at all. The seller may end up spending months or even years trying to sell their home through an auction style sale.

Top 5 Mistakes Home Auction Buyers Make

When buying a home in an auction, it's important to be aware of the top five mistakes people make:

1. Not doing their homework. It's important to know as much as possible about the property you're interested in, as well as the market conditions.

2. Not being prepared to bid. In order to be successful in an auction, you need to be prepared to place a bid that's above the reserve price.

3. Overpaying. It's important to remember that just because a property is being auctioned doesn't mean that it's a good deal. Be sure to do your research and compare prices in the area.

4. Not reading the contract properly. It's important to read all of the terms and conditions of the contract before bidding on a property.

5. Bidding without knowing all of the facts. It's important to know what you're getting into before making a bid on a property – be sure to have all of your questions answered before placing a bid.

Will Edmonton See Real Estate Auctions in 2022?

There has been some buzz around auction style home sales coming to Edmonton in 2022, but this is not actually the case. The City of Edmonton has confirmed that there are no plans for this type of sale in the near future.

While this may be disappointing for some, it's important to remember that the Edmonton real estate market is still thriving. There are plenty of homes for sale in desirable neighbourhoods, and interested buyers can always find a property that meets their needs.

If you're looking for a new home in Edmonton, be sure to check out our latest listings. We have a wide variety of properties to choose from, and we're confident that we can find the perfect one for you. Contact us today to learn more!

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Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
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