Buying Tips

Tips about Buying Real Estate In Calgary

Found 99 blog entries about Buying Tips.

Smoker's Home For Sale In nearly all cases, having a smoker in the house will make it more difficult to sell. The smell of stale tobacco is difficult to remove and turns off non-smoking buyers. On top of this, there are even health concerns related to re-emission of nicotine and tar from surfaces which have previously absorbed them.

The bottom line is that, if left untreated, it will likely take longer to sell a smoker's home, and you may well have to settle for a lower price to do so.

Steps Before a Showing

Whenever you show your home, you want to present it in the best possible light. The last thing you want is the smell of smoke hitting your buyers as they enter the front door. There's several ways to combat this situation:

  • Stop smoking indoors:
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Explore the Haunted Buildings in CalgaryMany old buildings have their share of history, but some attract attention for an altogether different reason. Some homes and structures in Calgary, Alberta appear to be haunted and tales of ghostly visitations continue to bring goose bumps to young and old. Those looking for some of the more unusual attractions in Calgary may want to consider a visit to a few of these allegedly haunted places.

Signs of Hauntings in the Home

Colin Bengert, executive director of the Calgary Association of Paranormal Investigations (CAPI), spent eight years investigating the paranormal and knows how it's done. Most calls about a haunting have the same experiences including:

  • Hearing ghostly voices
  • Seeing electronics or lights flicker on and off
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An Explanation of Home Buying ContingenciesWhen buying a home there are contingencies that are often put into the contract. These mean that the sale will only go through if those conditions can be met. The most common contingencies for home buyers are financing, inspection, and appraisal. But there can be others, depending on the property in question, what the buyer is looking for, and what the buyer feels the seller may agree to. While a real estate agent can advise the buyer about contingencies that are common and that they may want to put into the contract, it's also important for buyers to have a good understanding what they are asking for or what they are waiving.

Common Home-Buying Contingencies

There are three home-buying contingencies that many home buyers include in their

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The Difference Between Median, Benchmark, and Average Home PricesSometimes you can get lost with all of the real estate terminology when you're talking to your agent, reading an article or looking through the various homes on the MLS® System. There are quite a few terms that a layman may not have run into before and the three most important ones that need to be explained are median, benchmark and average prices.

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

Median price

If you were to take all of the sales within a given time period and put them in a list that ranged from the lowest price to the highest one, the median price would be the price value that is found right in the middle. Half of the real estate

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How to Maximize Profits Before Downsizing a HomeFor some people, the ideal living environment involves cutting down on their current space to something more manageable. This might be a great opportunity, provided that the current sale offers enough incentive. This guide shows how to improve the odds.

Establishing Downsizing Goals

First, sellers should set a few goals based on the reality of the current market. For a lot of people, selling in a hot market can return a lot more money than they were expecting. However, sellers who plan to buy in the same market might also have to pay more for a smaller home. It makes sense to consider some questions about the reasons for downsizing, including:

  • What is the market like in the place I'd like to live?
  • Am I looking to supplement my income
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Everything You Need to Know About Closing CostsThe payment of closing costs is one of the last things that happens during the home buying process. For a home buyer, it's important to understand what closing costs are and how much they'll cost. Home buyers who go into the process with this knowledge are often more prepared to buy a home.

What Are Closing Costs?

Closing costs are the administrative fees associated with certain steps of the home buying process. Closing costs can vary depending on where the house is, how much it costs and other factors. Still, most home buyers pay between 1.5% and 4% of the purchase price of the home in closing costs. Budgeting for this money up front can help home buyers who are just starting process of purchasing a home.

When Are Closing Costs Paid?

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Where to Buy a Home"Location is key" is a well-known cliché in real estate, but, indeed, it has a foundational truth. When scouting for a house, location is one of the key factors one will have to consider. Location dictates value, affordability, and one's quality of life. Here are four factors buyers should consider when choosing a neighborhood.

Finding the right house can really make a place feel like home, but it isn't just about the physical building itself. It's also about the location. Real estate agents talk about location all the time, and about how important it is for most people. There's a reason for that. Location matters.

Wondering how to find the right house to buy? To find the very best location for your new home, ask yourself these questions.

Are

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Purchasing a Calgary CondoPurchasing a condominium in Calgary is much different than purchasing a single-family home. The questions you need to ask and the things you need to take into consideration are quite different. Here are some of the things to ask before making your final decision and a few things to consider.

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

Condos and City Life Are a Great Combination

Today you can enjoy the luxury of city living and property ownership by purchasing a condo. When you really can't afford a single-family home and don't want to move out to the suburbs, a condo is the perfect choice. Affordable housing is available downtown in the form

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Buying a Home With a Fireplace'Tis this season to hang up your stockings by the fireplace with care. If you don't have a fireplace, you can hang your stockings somewhere else in the home. While a fireplace is a definite necessity for some people, others wouldn't give it a second thought. When it comes to having this luxury in a home, it all comes down to personal preference.

Do You Want a Fireplace in Your Home?

There are a number of reasons someone may choose to buy a home with a fireplace or not. After all, fireplaces can bring warmth and comfort to a home, but they can also require consistent maintenance and involve some element of safety risk. If you're considering getting a home with a fireplace, consider these facts.

The Warmth And Glow

For some people there's

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An Insurance Primer: Canadian Homeowners Have Varied Insurance NeedsThere's more involved in buying a home than finding the right property and qualifying for the mortgage. It's smart to protect against different types of loss, although it's not mandated by law. It's not always easy.

Required Coverage

Prospective buyers all realize that there are more costs attached to a home purchase than the mortgage and the price of new furniture. Insurance is one of those costs, and it's important to be aware of requirements that protect the lender, as well as assessing the need for additional coverage to protect personal interests and capital investment.

Mortgage Default Insurance

A mortgage default policy, commonly known as CMHC insurance in Canada, is required for all loans with down payments between 5 and 19.99%.

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