Buying Your First Home in Lloydminster
Buying your first home is a big step. This guide walks through how it works in Lloydminster, a city that sits on the Alberta and Saskatchewan border, in plain language.
Dave Kadun is a REALTOR® with the DK Real Estate Group with LPT Realty, with $200 Million Plus in sales since 2015. This page is general information, not legal or financial advice.
Why Lloydminster
Lloydminster is one city in two provinces. The border runs along 50 Avenue: Saskatchewan is east of it and Alberta is west. That gives first-time buyers homes to look at on both sides of one city.
To get a feel for different areas, see the neighbourhood guides.
Alberta and Saskatchewan: what can differ
Each province has its own real estate regulator, its own land titles office, and some of its own laws, forms and fees. Alberta and Saskatchewan rules can differ, so the steps for a home east of 50 Avenue may not match a home west of it.
Ask Dave which rules apply to the home you are considering, and have your lawyer confirm the details for your purchase. For more, read Buying a Home in Lloydminster, Saskatchewan.
Working with a REALTOR®
A REALTOR® helps you find homes that fit, understand what you are signing, write an offer, and work through conditions to closing. Dave is licensed in Alberta and Saskatchewan since January 2015, so one agent can help you on both sides of the border.
Next steps
- Get a mortgage pre-approval. Talk to a lender about what you can borrow.
- Tell Dave what you want. Fill out the buyer questionnaire.
- Watch for new homes. Get new listings first.
- Tour, offer and close. Dave helps with showings, the offer and conditions, and your lawyer handles the legal side.
First-time buyer questions
What should I do first as a first-time buyer in Lloydminster?
Talk to a lender about a mortgage pre-approval. It tells you what you can borrow, so you can focus on homes that fit your budget before you start touring.
Are the rules different on the Alberta and Saskatchewan sides?
Some can be. Each province has its own real estate regulator, land titles office and some of its own laws and fees. Alberta and Saskatchewan rules can differ, so ask Dave and your lawyer what applies to the home you want.
Can one REALTOR® help me on both sides of the border?
Yes. Dave Kadun is licensed in Alberta and Saskatchewan since January 2015, so you can look at homes on both sides with one agent.
Are there first-time buyer programs I can use?
Programs and their rules change over time, so this page does not list amounts. Ask your lender, your lawyer and Dave which options may apply to you today.
Do I need a home inspection?
An inspection is a good idea for most purchases. It helps you understand the condition of the home before your conditions come off.
How do I hear about new homes for sale?
Sign up for new listing alerts on the listings page, or tell Dave what you are looking for through the buyer questionnaire.
Ready to start looking?
Tell Dave what you are looking for and he will help you with homes on both the Alberta and Saskatchewan sides.
Prefer to talk? Call or text Dave at 639-536-0401, or email dave@davekadun.com.