In most cases, negotiations in real estate are a big deal for both buyer and seller. Learning about the real estate market in general is a first, very important step towards successful negotiations. Here are some first steps for buyers and sellers to learn about negotiations in real estate. Use sale data for evidence of… [Read More]
Buying or selling a stigmatized property
Former grow-ops, a home in which a death has occurred, an apartment on the 13th floor; many different stigmas can potentially affect the value of a home. But when is a seller required to disclose a stigma? And what can a buyer do to avoid buying a stigmatized property? What is a stigmatized property? A… [Read More]
Getting pre-approval for a mortgage. What is in it for the buyer and the seller?
Let’s talk mortgages! Getting pre-approved for a mortgage should be the first step in your home buying process. It is important for several reasons. Following is a short overview about mortgage pre-approvals for both buyers and sellers. A mortgage pre-approval; what is in it for the buyer? A mortgage payment is usually the biggest expense… [Read More]
Warranty on new-built homes in Alberta
Every new home in Alberta is covered by a mandatory warranty under the New Home Buyer Protection Act. This new home warranty applies to any type of home in Alberta: single family home, duplex and condominium. Here follows a short overview of the Act, including a few tips for buying new-built homes or newer homes… [Read More]
Secondary suite in Calgary
Interested in buying or selling a property with a basement suite in Calgary? It is important to know if the suite is considered legal or illegal. To confirm if the suite is legal, it must be registered at the City of Calgary’s website, the Secondary Suite Registry. If the basement suite is not registered… [Read More]
Tips for real estate photography when selling your home
Selling your home? A picture is worth more than a thousand words. Photography is one of the most important, if not the most important, aspect of selling your home. Today’s home buyer scrolls the internet for homes and looks at images first. While every listing on the MLS is joined by text, this is just… [Read More]
How to find your home value
On social media and the internet, you see many advertisements offering a quick home evaluation. ‘What is your home worth? Find out now!’ In all honesty, we can say that instant home evaluations do not exist. There is much more to a home than four walls and a roof, and a computer is never able… [Read More]
What are HOA fees or Home Owners Association fees?
What are Home Owners’ Association fees and Residents’ Association fees? And what exactly does a community association do? What is a Home Owners’ Association? The Home Owners’ Association (HOA) is a non-for-profit organization, within a community, that establishes control over beautifying the community, the maintenance of greenspaces and the entrance of the community. As well,… [Read More]
Required list of condo documents to buy or sell
Selling or buying a condo? Condominium owners are part owners in a corporation. A seller must provide the buyer with a long list of condominium documents. What are the documents that a seller must provide to the buyer? And what do these ‘condo docs’ tell? Following is the entire list of condominium documents, which is… [Read More]
Use of cameras and recording devices when selling your home
Selling a home means allowing buyers in your home to view the property. In recent years, there was a strong increase in the use of cameras and listening devices in private homes. As a seller, it is important to know if cameras and listening devices are allowed to spy on and listen to potential buyers… [Read More]
Closing costs when selling a home
Selling your home is a process that needs some serious attention. Many decisions must be made, big and small, to get the highest possible price for your home. Here is an overview of selling costs to expect when selling a home. Real Property Report (RPR) $0-$1000. A real property report is basically a drawing of… [Read More]
Questions to ask a realtor
Buying or selling a home should not be taken lightly, as your home is most likely the biggest asset in your life. You want that realtor who can do the job and has your best interest in mind. With more than 5000 realtors in Calgary, it is important to ask the right questions to pick… [Read More]
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