In Calgary, the most used model is 7/3. This means a seller pays $7,000 on the first $100,000 and 3% on the balance. If a house sells for $400,000, that means $7,000 for the first $100,000 plus 3% on $300,000. That is $7,000 plus $9,000 equals $16,000. This commission will most often be split in… [Read More]
Some people opt to sell their home themselves, without the use of a realtor. We like to offer you some insights on mistakes that many private sellers make. Over time, we only came across a few situations where we had to deal with the seller directly. But despite that, we can offer you a plethora… [Read More]
What is the difference between a term and a condition when buying or selling a home? Both terms come up often when buying or selling real estate. Here is an explanation about the difference between a term and a condition. Also, some simple examples are included. A condition needs to be satisfied to close the… [Read More]
The difference between an appraisal and a home evaluation or CMA There are several differences between an appraisal and a home evaluation, apart from that the appraisal cost a few hundred dollars, and the home evaluation from the realtor is free. The realtor creates the home evaluation, also known as the CMA, the Comparative Market… [Read More]
Pocket listings seem to be the new buzz word in Calgary real estate. But with the internet’s explosive growth in the last years, selling your house via the MLS is without a doubt your best option to get your house sold. What is a pocket listing Pocket listings are homes that are for sale, but… [Read More]
Why open houses are held, and why you should be careful with what you say while you visit an open house. Our website www.FindCalgaryHome.ca is a great resource for open houses in Calgary. We display them city wide, for all agents. But there are a few things you should know about open houses. The source… [Read More]
Down payment and deposit are terms that come up often when you are buying or selling a home. The terms are easy to mix up, so here is an explanation of the difference between deposit and down payment. In a nutshell; the home buyer pays the deposit to the home seller as good faith money…. [Read More]
Zillow sells consumer information to Realtors The United States-based real estate website Zillow will expand into Canada this year. But don’t expect it to revolutionize the Calgary real estate market. Zillow is just another website to explore Calgary homes for sale, except with one major difference: Zillow makes money by selling your information to Realtors…. [Read More]
“Your house guaranteed sold in 90 days or we will buy it”. It sounds very appealing, until you read the small print. Most likely it is not your best option as a seller. But for the agent, it is a great marketing tool to get contacted by a motivated seller. Looking at the bigger picture,… [Read More]
Title is a government certification of ownership of the property and it shows any particulars registered on title. Here is an introduction to pulling titles for Calgary homes and land title searches.
As a Calgary home owner (or prospective home owner), it is understandable you want to know the value of Calgary homes and keep up with the real estate trends in your community. We offer a variety of free resources to help you understand the Calgary real estate market.
Buying the home from your landlord can be a good choice for home buyers. As the renter, you already have a good sense on the benefits and drawbacks of the property and there will be no moving expenses! It does not happen very often in Calgary, but it is certainly possible. Here are a few… [Read More]