As mentioned in an earlier post about special assessments, we see special assessments coming up in Calgary condos more and more often. Sometimes we talk to people who only want to buy new, to avoid any chances of an assessment. But also newer buildings can get hit with a notice of assessment. In this case… [Read More]
Property assessment vs asking price
At times, we meet people who want to sell their home and want to use the value on their property assessment to determine the selling price of their home. We also meet buyers who compare the asking price of a home with the property assessment by the city of Calgary. There are a few reasons… [Read More]
Sale of buyer’s home condition part 3
Buying and selling in the same time frame. What are the advantages and disadvantages of the ‘sale of buyer’s home’ condition? The ‘sale of a buyers home’ clause in real estate is a more complex condition. In a nut shell we tried to pin-point 3 important facts in the first article about the sale of… [Read More]
Sale of buyer’s home condition part 2
As explained in the first article about the sale of buyer’s home condition, when you buy a home and present the sellers an offer with the condition ‘sale of buyers home’, there are several very important factors you need to consider. We cannot emphasize enough that any buyer and seller must discuss every point and… [Read More]
Sale of buyer’s home condition
Selling your home before buying another home? It will depend on everyone’s financial position. Some people can afford to carry two mortgages for a short time. Sometimes clients have to get bridge financing. However, bridge financing is expensive. You will have to talk to your mortgage broker or banker about your options. And you will… [Read More]
How to communicate with your realtor
Communication between you and your realtor is essential. Also some of the most heard complaints are that realtors don’t call back, do not update clients or that clients don’t see their realtor again once they have signed the listing contract. Both buying and selling a home are fairly big events in many peoples’ lives. More… [Read More]
Real Estate Broker
Real Estate Brokers, what is in a name? It is one big misunderstanding that the name of the broker determines the quality of the realtor. Realtors must be associated with a broker. In Calgary there are plenty of brokers. Bigger names are Real Estate Professionals, Maxwell, Remax, Royal Le Page, CIR and Century 21. Some… [Read More]
Buying from listing realtor
Why buying a home from the listing realtor is not recommended The law in Alberta says ‘Caveat Emptor’ meaning Buyer Beware and that is why most people use a buying realtor today. Buying a home via a listing agent is not recommended. We see reasons for that quite often. Probably the best example is where… [Read More]
buying or selling a flooded home
Buying or selling a flooded home in Calgary? The floods that hit Calgary in June 2013 did a lot of damage to many homes and condos. What are the immediate and long term effects for buyers and sellers? The effect of the Calgary flood in Calgary’s real estate market The flood will affect the real… [Read More]
Questions a mortgage lender will ask
Talking to a mortgage agent or your bank should be the first step when you are thinking of buying a home. Every day we come across situations where people can get a mortgage while they thought they would not qualify. And every day we come across those where people cannot get as much money as… [Read More]
When are condo fees high?
When you buy a condo, you buy into a corporation. You own your unit or living space, but you also own a share of ownership in this condo corporation. Think of common areas such as the parking garage, the hallways and common areas like a fitness center and roof top gardens. If you live in… [Read More]
A Smooth Moving Process: Part 2
In part one of our tips for a Smooth Moving Process, you learned how to manage your household details and sort through your packing. There are just a few more steps to take to help ensure your journey to your new home is as easy as possible. Follow the below checklists to finish covering all… [Read More]
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