Let’s start with a fact: real estate commissions in Calgary are not standard. 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… [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]
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]
You are allowed to work with your own realtor when you buy a new build home, directly from the builder. The show homes in Calgary are all staffed by sales people, who work in the best interest of the builder. Sales people in show homes are not licensed like realtors are, and these sales people… [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]
Dower rights have been around for nearly 100 years. Today, Dower rights protect the spouse of a registered owner of real property. In simple wording, when the spouse is not registered on the title as owner of the house, this spouse must give consent to sell it. What is Dower? When you have lived in… [Read More]
From bungalows to 5-level splits, Calgary’s real estate offers a variety of house styles. Here is an overview of the type of single-family homes that can be selected in the MLS. While the examples are very general, Calgary real estate is very diverse and some communities are more consistent with a particular home style than… [Read More]
By law, every realtor must explain to you agency relationship. It is important to make sure you understand it, and to ask questions if you don’t fully understand it. A better realtor discloses this brochure as early as possible. It makes the relationship between you and an agent transparent. You will have to sign this document…. [Read More]