Buying Tips

Tips about Buying Real Estate In Calgary

Found 98 blog entries about Buying Tips.

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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Mortgage Life Insurance vs Mortgage Term InsuranceWhen you have purchased a new home you'll also be asked whether you'd like to buy mortgage life insurance as well. This is sure is that is offered by the same thing that you're dealing with for your mortgage. In some cases it will make sense to get this type of insurance and other times it's a complete waste of time and money.

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

The Difference Between Mortgage Life Insurance and Term Life Insurance

There are significant differences to consider when choosing whether mortgage life or term life insurance is the best choice to meet your specific needs. Whereas mortgage life insurance is designed to pay off

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The 5 year rule Canadian real estateIf you've been looking into real estate in Calgary you've probably run into the five-year rule and may not fully understand it. If so, here's a brief explanation that will help you get a grip on this rule and where and why it applies.

What is the Five-Year Rule?

This is a very general rule that means you should plan on remaining in the home you purchase for five years at least. If you don't, it will hit you in the pocketbook, in most cases. This is due to the closing costs that need to be paid when you sell your house and can be a substantial amount, depending on the value of the home.

As well, you'll have to look at how much equity you have actually built up in your property. When you first take out a mortgage you'll be paying mostly interest

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How Millennials Are Changing the Face of Home BuyingMillennial home buyers would seemingly be the most eager of the population to delve into homeownership. However, current trends, statistics and surveys seem to say otherwise—at least according to details from Angus Reid for CIBC. In all, 42 percent of Canada's millennials have delved into homeownership, with 81 percent of those claiming they intend to sell in the future. Nearly two-thirds of such respondents claim they plan to sell due to the high cost of maintenance, taxes and mortgage payments.

So, what are millennials who have not invested in a home just yet thinking? According to recent statistics, 23 percent of surveyed individuals state that they have no plans to buy a home, while 29 percent doubt that a home purchase will ever be within their

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What You Should Know Before Renting Your PropertyBuying a home and then renting your home to become a landlord can be a great way to really take advantage of a property. Tenants not only pay rent every month, but they also maintain the integrity of the property. (Just the simple act of using the plumbing system regularly can help it stay intact.) And if something goes wrong, such as a leak in the ceiling, the tenant will be there to alert the owner. But just because tenants can be a boon for property owners doesn't mean that all of them are worth the trouble. Here are a few tips to keep in mind before moving forward on a candidate.

For informational purposes only. Always consult with an attorney before renting your home or proceeding with any real estate transaction.

Start with the Regulations

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What to Know If You're a Single Home-BuyerBuying a home as a single person is a lot different than buying a home as a couple. When you have another person that is going to be buying a home with you, you have a sounding board to work with during the process. All of your concerns and questions can be discussed with your partner and at the end of the day it will be two signatures that are penned at the bottom of the contract instead of only one. When one person only has to sign, it can be a lot more stressful since you are assuming full responsibility for the new property and all of the payments that are going to go along with it down the line.

In order to help take some of the stress out of the situation, here are some tips you can use if you're a single person that is looking for a home:

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What to Expect From Next-Generation HomesAny decorator can walk into a home and date it back to its beginnings by its architectural style. Sometimes there are long transition periods from one style to the next but there's no question that throughout the years housing designs have been changing. What's in store for the next generation of homes and what are the latest trends for new design styles?

The next-generation homes are going to be bright and airy with plenty of space. The dark and narrow hallways of yesterday will be transformed into large passageways that lead from one open concept room to the other.

The Flow of Modern Homes Has Changed

There is a lot of concentration on the flow of the home and how the residents of it can make their way from one end of the house to the other

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What to Know About Home Warranty PoliciesAlthough a home doesn't quite have as many moving parts as a car or cell phone, items can still break and be in need of repair. Often times these repairs can come out of the blue and can be rather costly to fix.

In the instance of an older home or any situation where a homeowner anticipates something might go wrong, a home warranty can be a beneficial tool. An agreement between a homeowner and a home warranty company, this contract can cover a number of repairs.

The Basics Of The Warranty

Each home warranty might look a bit different, but the ultimate goal is to provide protection and monetary coverage should something break in one's home. Many times a home warranty is included with the purchase of a home as an additional perk, or it can be

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