Blog - Paul Lamba

✦☆✭ How Even a 0.25% Interest Rate Drop Can Benefit Your Mortgage Payments ✭☆✦

In the complex landscape of homeownership, even the slightest fluctuation in interest rates can wield significant power over mortgage payments. Whether you're a first-time buyer or a seasoned homeowner looking to refinance, understanding the implications of these shifts is crucial for optimizing your financial strategy. In this blog post, we delve into the often-underestimated impact of a mere 0.25% interest rate drop on mortgage payments, illuminating how this seemingly minor adjustment can yield substantial benefits.

The Ripple Effect: Understanding Interest Rate Dynamics

Before delving into the specifics of how a 0.25% interest rate drop affects mortgage payments, let's first grasp the mechanics of interest rates in the realm of…

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✦☆✭ Dealing with the multiple offer market✭☆✦

Feeling the house-hunting frustration? We get it!

With multiple offers flying in, we know the struggle is real. You spot your dream property, ready to make a move, and poof! It's off the market. Sound familiar? We're here to help ease the house-hunting headaches. Let's navigate this together.

1. - SECURE PRE-APPROVAL!

Arrive fully prepared and ready to proceed.

2. - ACT FAST!
Be ONE of the first to view the home; timing is essential.  In this market, you don't have the luxury of waiting a few days to view the home. Get in there fast, no later than the next morning. Make sure your REALTOR is finding out immediately when the listing REALTOR will be presenting the offers. Act FAST!

3 - SIMPLICITY IS KEY!

Keep your offer simple.…

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✦☆✭ Fun Farmers Markets in Edmonton ✭☆✦

Edmonton is blessed with a vibrant and varied local farmers' market scene, teeming with an array of fresh, locally sourced produce, delectable baked treats, artisanal crafts, and beyond. Whether you're a culinary enthusiast, a champion of homegrown enterprises, or just seeking an enjoyable day out, Edmonton and its neighboring communities boast farmers' markets that cater to all tastes and interests. Let's delve into some of the premier markets in the area:

1.  124 Grand Market

THREE locations & THREE days per week!

Westmount Location: 108 Avenue between 123 & 124 Street
May 11 to October 5
Thursdays, 4:00 pm – 8:00 pm

South Common (Canadian Tire Parking Lot): 2110 – 101 Street NW
June 2to October 5
Saturdays, 10:00 am – 3:00 pm

124…

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✦☆✭ Four historic structures right here in Alberta✭☆✦

Alberta, has a relatively recent history of European settlement, therefore we don’t have buildings dating back as far as some other regions in the country. However, there are still several historic structures that showcase the province's early development. Here are a few of the oldest buildings in Alberta:

1. Fort Edmonton Park - Edmonton

While not a single building, Fort Edmonton Park is a living history museum that includes several reconstructed buildings representing different periods of Edmonton's history. The fort area features buildings from the late 18th and early 19th centuries, showcasing the fur trading era in Western Canada.

2. Rutherford House - Edmonton

Built in 1911, Rutherford House is one of Alberta's oldest surviving…

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Pennsylvania's Timeless Charm: Exploring the 600-Year-Old Stone Houses

Nestled amidst the rolling hills and tranquil valleys of Pennsylvania lies a hidden treasure—a collection of centuries-old stone houses that stand as a testament to the state's rich history and enduring charm. Dating back over 600 years, these remarkable structures offer a glimpse into Pennsylvania's past and a unique opportunity to experience life as it was centuries ago.

A Journey Through Time:

Imagine stepping back in time to the 15th century, where life moved at a slower pace and communities were built to withstand the test of time. That's precisely what awaits visitors to Pennsylvania's historic stone houses. Built by European settlers who brought with them the tradition of stone masonry, these sturdy homes have weathered centuries of…

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✦☆✭ How HOA Fees work ✭☆✦

What are HOA?

When developers build a community, some will include amenities. These amenities are for the community and are paid for by the community. In addition, some HOAs add rules to protect the community's property value.

These fees may include

• Maintaining the community's aesthetic.
• Maintaining amenities such as community pools, halls, skating rinks, etc.
• Snow clearance during winter.
• Garbage collection.
• Stormwater runoff.
• Pathways and roads.
• Maintenance of entrance features.
• Repair and maintenance of landscaping.

These responsibilities vary from community to community. Typically, the more the amenities, the higher the fees.

HOA Fees in Edmonton

Over recent years, the city of Edmonton has seen the…

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Signs You Need to Call a Professional

In today's DIY culture, it's tempting to tackle every home repair or improvement project yourself. While there's satisfaction in completing tasks independently, some situations demand the expertise of a professional. Ignoring these signs and attempting to fix issues solo can lead to costly mistakes or even pose safety risks. Knowing when to call in a professional can save you time, money, and headaches in the long run. Here are some key signs that indicate it's time to pick up the phone and seek professional help.
Electrical Issues: Electrical problems are not only inconvenient but can also be hazardous if mishandled. Signs such as flickering lights, frequent tripped circuit breakers, or outlets emitting sparks should never be ignored. These issues could…

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✦☆✭ Tips for Packing Like a Pro ✭☆✦

Moving to a new place can be an exciting adventure, but the process of packing up your life and belongings can often feel overwhelming. From deciding what to keep, to safely packing fragile items, there are numerous considerations to keep in mind to ensure a smooth transition. Whether you're moving across town or across the country, these essential packing tips will help you streamline the process and make your move as stress-free as possible.

1.    Start Early: The key to a successful move is to start packing as early as possible. Begin by decluttering your home and getting rid of items you no longer need or use. Donate, sell, or recycle anything that no longer serves a purpose in your life. Starting early will give you plenty of time to…

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✦☆✭ Navigating the Foreclosure Market✭☆✦

The Canadian real estate market offers a unique landscape for investors and homebuyers alike. One avenue that garners attention is purchasing foreclosed properties. Foreclosures, while often associated with challenges, can present lucrative opportunities for those who understand the process. In this guide, we'll delve into the nuances of buying foreclosures in Canada, offering insights and tips to navigate this complex but potentially rewarding market.

Understanding Foreclosures: Foreclosure occurs when a homeowner defaults on their mortgage payments, leading the lender to seize the property. In Canada, foreclosures are governed by provincial laws, each with its own set of regulations and procedures. It's crucial to choose a Realtor® with knowledge…

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✦☆✭ Navigating Edmonton's Architectural Tapestry ✭☆✦

Edmonton boasts a rich architectural heritage that reflects its diverse history and cultural influences. From historic landmarks to contemporary marvels, the city's skyline is adorned with an array of architectural styles that captivate residents and visitors alike. For those interested in real estate in Edmonton, understanding the distinct characteristics of each architectural style can provide valuable insights into the city's neighborhoods and housing market. Here's a comprehensive guide to the architectural styles you'll encounter in Edmonton:

1. **Craftsman**: Characterized by its emphasis on craftsmanship and natural materials, Craftsman homes are a staple of Edmonton's residential landscape. These charming residences often feature…

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