Buying Tips

Tips about Buying Real Estate In Calgary

Found 86 blog entries about Buying Tips.

4 Things To Consider Before Buying a Tiny HomeTiny homes are the newest fad that homeowners are falling in love with. A tiny home is exactly what it sounds like: a home that is tiny. In order for a home to be considered tiny, it needs to be less than 600 square feet. Most tiny homes are 400-600 square feet, but some can be as small as just 160 square feet. While tiny homes may sound great to some Auburn Bay home buyers, tiny homes come with a lot of risks. Here are some of the most important factors buyers should consider before deciding if a tiny home is right for them.

Tiny Homes are a Fad

While being a fad isn’t necessarily a bad thing, for tiny homes, it means no one can be sure of the future market for tiny homes. However, there’s a chance tiny homes could become more and more popular

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What to Consider in a Retirement CommunityCanada may have restrictions against age-related discrimination for housing, but lawmakers make the exception for senior living. This exception essentially allows HOAs to design their grounds to meet the needs of seniors and promote meaningful relationships between the people who live there. When it comes to retirement lifestyles, these communities represent the largest trends across the country, whether homeowners are looking to downsize their home or make new friends. Once Springbank Hill homebuyers learn about the advantages of this option, it's easy to see why it's so popular. However, there are a few things that residents should learn before making an offer.

Age Limits

Not every community technically restricts the ages of its residents, but

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Man holding piggy bankIt's time to move out and move on with your life and before you start your house shopping it's important to get your financial picture straightened out first. When you know exactly what you're dealing with financially it makes it a lot easier to do the house shopping without having any doubts on your mind about your savings and ability to pay the mortgage every month.

If you're a budget-minded person that is good with money and knows where every penny goes, you're probably thinking right now that this is a basic fundamental that everybody would be aware of. Unfortunately, if you are one of these people, you are actually one of the few that is on top of their finances. Most people aren't able to handle money properly, stick to a budget or even know

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How Does Lenders Mortgage Insurance Work?You know that you need a down payment for a home when you're applying for a mortgage. But did you know that a small down payment may mean you need to purchase lenders mortgage insurance (LMI)? Learn what LMI is, how it works, and who needs it.

What is LMI?

Mortgage insurance protects your lender if you default on your mortgage. Home buyers who are putting down less than 20 percent will be required to purchase this insurance. If you own a home and you decide to refinance, you may need to purchase LMI if your established home equity is under 20 percent.

You'll pay a one-time premium for LMI, which is expressed as a percentage ranging from 0.6 to 4.5 percent of your mortgage. This premium can be paid upfront to keep your interest down, or added

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Man holding a toy houseThere are many benefits that go along with home ownership such as the freedom to renovate, the ability to turn up your stereo a bit higher and the chance to sit out in your own backyard to enjoy a barbecue. There are also a lot of financial benefits associated with owning a home but we are going to take a look at the top 3 that include:

  • More financial control
  • Higher net worth
  • More borrowing power

More Financial Control

Let's assume that a person takes out a 25-year mortgage at a fixed interest rate. For the next 25 years of his life he is going to be able to budget for the mortgage payment and know exactly what is expected of him every month. A renter, however, never knows exactly how much his rent is going to increase when his

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Pre-Qualified or Pre-Approved: Smart Advice for Home BuyersMost first-time home buyers can't afford a home without a mortgage. When they apply for a mortgage, they must go through the pre-qualification and pre-approval processes. Both processes are mandatory for all people seeking a mortgage.

You can think about pre-qualification as being step one of applying for a mortgage. Pre-approval is step two. Understanding the differences between these two steps and what this means for the home seller can help you be prepared to make an offer on a home you wish to buy. If you're thinking about purchasing a home sometime in the next several months, here's what you need to know about pre-qualification and pre-approval.

For informational purposes only. Always consult with a licensed mortgage professional before

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Trending right now in the bathroom line of products is the rain shower head. If you love your morning shower and want the spray to shower down "just so", you're either going to love or hate this product. It's being promoted as the new luxurious and stylish alternative to regular shower heads but it will be up to you as to whether this is really the next big thing or not.

Why People Love Rain Shower Heads

Engineers have come up with a way to make the shower heads feel just like you are standing out in the rain. Today's models offer a wider surface area and larger water droplets. When these larger drops come down from the shower head they bounce into each other forming streams of fine droplets.

The effect is really quite amazing but whether

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First came the baby boomers, and then came Generation X followed by the millennials. You don't hear a lot of talk about Generation X as much as you do about the boomers and the millennials. While the baby boomers are thinking about their future retirements the millennials are busy preparing for their mid-age years. In the middle, Generation X, the people born in the 1960s and 70s, are purchasing real estate with a different mindset than the other generations.

What Do Gen X Homebuyers Want?

According to a recent survey conducted by TD Bank, Gen X home buyers want freedom from their mortgages and don't want home loans to cramp their lifestyles. More than 2/3 of those surveyed said that they didn't want to allocate their entire budget to a mortgage

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Renewal or Refinance? 5 Factors to Consider
Refinancing a mortgage may be a good decision for a lot of reasons. Interest rates fall, and people tend to get better terms once they have owned a home for a few years. Most homeowners need to renew or refinance the loan after the initial term ends, which calls for a few decisions. The right choice depends on several factors, and it may not be obvious from the renewal notice. Here's what homeowners need to know about the refinancing process, including some options they will need to consider.

For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.

1. Renewal vs. Refinancing

Renewal is not the same as refinancing, and homeowners should keep this in mind. Renewing

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There are numerous advantages to owning a home both inside and outside of the city. What matters most are the needs you have to meet as a home owner, as well as the budget for your home purchase.

Real Estate in the Suburbs

Real estate in the suburbs is normally better priced than inside the city where housing can be more scarce and costly. You will find that for the same number of square feet, you will pay less for real estate outside the city. If you have a family and would like more room without greater financial strain, it would be a good idea to consider looking for real estate in the suburbs.

You'll also have to factor in the time spent commuting back and forth to work. Living in the city will mean shorter commute times to work while

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