Blog - Buying a Home in Edmonton

Pros and Cons of Paying Cash for a Home in Edmonton: A Realtor’s Perspective

Posted by Reuben Tucker on September 23rd, 2024

When buying a home deciding whether to pay cash or finance through a mortgage is a significant decision. As a local Edmonton realtor, helping clients weigh the benefits and drawbacks of paying cash is crucial. Understanding the Edmonton real estate market and the pros and cons of cash purchases can guide homebuyers in making the right choice.

Pros of Paying Cash for a Home in Edmonton

1. No Mortgage Payments: The most notable advantage of paying cash is eliminating monthly mortgage payments. This offers financial peace of mind, especially for buyers who want to avoid long-term debt, particularly in Edmonton’s stable housing market.
2. Faster Closing Process: Edmonton cash transactions generally close faster because they bypass the loan approval…

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To Rent Or Buy, Which Is better?

Posted by on December 4th, 2017

You may be interested to invest a lot of your hard earned money into buying a home in Edmonton or even renting it. Hence, you must know everything about these two options, buying and renting, before actually shelling out the money from your pocket. In this article, we have explained some important aspects that can help you take the best decision of whether you should buy a home or rent it.

Costs

Buying a home in Edmonton is unarguably expensive than renting it. Buying a home involves the upfront costs, property taxes, mortgage costs, repair and maintenance costs, etc. Renting a home involves the security deposits, monthly rents, and personal expenses such as laundry and pet costs. Unlike homeowners, renters don’t have to bear property taxes,…

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