2020 New Edmonton Home Communities
Riverview located at the outer ridges of southwest Edmonton is now building. Similar to the rural West Big Lake district, the Riverview community is nestled away from the big city, south of the Grange and features an urban lifestyle, lined with trees along the Wedgewood Creek ravines. This up and coming community will be filled with the amenities of a modern city including playgrounds, parks, recreation and walking trails integrated with new and modern homes, a variety of restaurants, shops and services.
House prices in Riverview will range from starter home prices to multi-millions. Also known as River's Edge - the Riverview Area offers some of the cities best country residential homes. The Edgemont community features houses and attached dwellings built in 2016 and later. Residential construction of Uplands and Stillwater is already underway and will be the hottest new home district in Edmonton in 2019 & 2020. View currently listed Riverview homes for sale.
Big Lake Edmonton Homes
Big Lake is a hidden community west of the Anthony Henday nestled among mother nature. This northwest Edmonton community features new homes for sale and is in the process of building a school. Big Lake is home to over 200 different types of birds and provides rare nesting habitat for Franklin's gulls. View Big Lake homes for sale by community.
Windermere & Riverview Edmonton Homes
South of Anthony Henday lies the newest Southwest Edmonton district called Riverview. This area still has on-going construction and are nestled near some beautiful ravines and country residential real estate. Riverview homes are located in the communities of Edgemont, Riverview, Stillwater and Uplands. Homes for sale in Windermere were constructed during Edmonton's last real estate boom with a forecasted continuance of our oil boom. The majority of houses in the Windermere area are luxury houses, upscale homes and penthouse condominiums. Windermere communities include Ambleside, Glenridding and Keswick.
Understanding Buyers Brokerage Agreements in Alberta
Buyer Brokerage Agreements have been around for several years, and only recently has been mandated for real estate agents to have buyers under the agreement when working in a "client status". This legal change created security for both consumers and real estates in Edmonton and throughout Alberta. This form states the responsibilities of both the buyer and their real estate agent including:
- The mandated Fiduciary Duties, to protect the interests of the buyer
- The buyer cannot hire more than one broker or real estate agent to represent them
- The term of the agreement. Depending on the real estate market and how long the real estate agent chooses to work with a buyer, this agreement is normally 30 Days to 1 year and allows enough time for the buyer to purchase a home. If the buyer has not purchased a home during the time frame, they may extend the agreement or sign with another agent.
- The retainer fee (normally $1000 - $2500) is held in trust by the real estate agent/broker and forms part of the buyers down payment.
- Remuneration is stated in the agreement and can not be changed without written consent from all parties. This protects the agents' commissions and allows the buyer to know how much the REALTOR receives for their services. (usually paid for by the sellers real estate agent)
- While under the agreement, If the buyer elects to purchase a property without the help of their real estate agent, they will owe the agency the commission set out as per their Buyers Brokerage Agreement.
- This agreement also lays out the obligations and duties of the real estate agent ensuring the agency is working in the buyers best interest. Some of these obligations may include
- Showing you all properties you may be interested in as soon as possible
- The duration of the agreement
- Advertising for properties that meet your search criteria
- Pulling land titles to ensure closing capacity
- Setting you up on Auto-prospecting.
- Fiduciary Duties of the real estate agent
- Explaining and helping to prepare the offers to purchase
- Negotiate favourable terms for the buyer
- Provide a Buyers CMA to ensure you are not overpaying
- Inform you of all aspects of your offers including any counters
- Assist you with a chose of mortgage brokers, inspectors, lawyers, etc
- Any other relevant services you may require
For more information on working under a Buyers Brokerage Agreement, feel free to contact us.