Buying Tips

Tips about Buying Real Estate In Calgary

Found 95 blog entries about Buying Tips.

Tips for Winning a Bidding WarA bidding war is a dream come true for a home seller, but it can be a nightmare to the buyer. It's not unusual for home buyers in a sellers market to lose control of themselves during a bidding war for that "perfect house". while letting their emotions or competitive drive push the price of the home higher and higher. And while the initial joy of 'winning' the home can be elating, the consequences of a higher mortgage can be dire. To help cooler heads prevail, keep these tips in mind before your budget ends up spiraling out of control.

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

Mortgage Preapproval Letters

A pre-qualified mortgage statement

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Buying a Home With KidsA National Homebuying Survey was released recently and stated that those moving to and living in Alberta put a high priority on family. Choosing a new home is a very important decision. The right neighbourhood can lead to the right schools and the right activities. Here are a few of the highlights from the survey.

  • Albertans ranked as the most "family-oriented" when choosing a new home and community
  • 25% of all Canadians want a home that's move-in ready
  • 19% of Albertans believe a family-friendly community is the top priority
  • Over 50% of Canadians are planning to move within the next five years

These are just a few of the stats, but they clearly show how important family is to many of the people living in Alberta. With such a high

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How to Use Modern Materials for Your HomeResidential building has changed a lot over the years. Modern homeowners often seek ways to make their homes more efficient, sustainable and easy to maintain. To keep up with this demand, new materials are being invented all the time. Here's what you need to know about the latest building materials available on the market today.

Countertops

Countertops have changed a lot over the years. Many years ago, Formica was the go-to product for homeowners who wanted a modern, easy to maintain countertop material. In recent decades, new countertop materials have proved to be even more durable and easier to maintain.

Recycled Glass

Recycled glass countertops are made up of crushed pieces of recycled glass bound together by a resin. These

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Suburban or Urban Living in CalgaryWhether you prefer the suburbs, living in the city or you're not sure what you prefer, it's important to find the right place to call home. Calgary has plenty of great suburban and urban areas to choose from. Here are a few things to consider before home shopping.

Lifestyle

Living in the downtown area provides a different type of lifestyle compared to suburban living. If you enjoy eating out, heading to the newest bars and grabbing a cup of Joe at a hot cafe, urban living may be the right choice for you. However, families tend to choose suburban living for the outdoor activities and open green space.

Of course, urban living also comes with the noise of downtown, while suburban living provides a quieter environment. Those without a vehicle

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How to Tell if a Fixer Upper is Right For YouBuying a home at a bargain so you can fix it up could be the culmination of a lifelong dream, or it could be a nightmare. Though the idea of buying a home affordably and having the opportunity to make upgrades that will best suit the buyer's dream may seem like a dream come true, buyers may inadvertently purchase a money pit that offers up disaster after disaster and only succeeds in frustrating the owner. With the answers to these four questions, you will know if you are ready to buy a fixer-upper, and how to spot a good deal.

How to Ensure the Fixer Upper is a Good Investment

The best way to approach buying a fixer-upper is to look at each property individually and make a decision based on that home alone, be it in North Calgary or

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Saving For a Home Down PaymentAre you planning on purchasing a new home in the Calgary area soon? If so, you're probably saving up for your down payment. There are a few things that you should understand, however, about how to save for a down payment and the size of the down payment needed in order to buy a Calgary home.

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

How Much Money Down Do You Need for a Home?

The most important thing that you need to know about your mortgage is that an insurance premium will need to be paid to the Canada Mortgage and Housing Corporation if you can't make a minimum 20% down payment for your home. This premium is based on the total amount of the

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Can You Afford Calgary Condo Fees?If you're planning on purchasing a new condo and have never owned your own property before, there's one important thing to remember. When you see a lovely condo being advertised on the listings and you feel that it's something you can afford, you'll first want to find out what the condo fees are. The fees will need to be paid monthly and should be added to the mortgage amount of the condo when you're trying to determine whether you can afford the monthly payments.

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

Condo Fees

Condo fees can vary across the board from one condo to the next. Quite often, these fees aren't listed in the advertised listing

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How to Win a Bidding WarYou have been looking around at different homes on the market and have finally found it - the home of your dreams. The problem is that another couple also have their eyes on the same home and seem to want it as much as you do. The bidding war begins for the real estate and you don't know what to do next. Here are a few tips to help you get through it.

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

Submit A Clean Offer

Although it may seem surprising, it's not always the price that determines the winner in a bidding war. A clean offer will sometimes beat out a higher offer. A clean offer refers to the agreement terms. If you have a preapproval for

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What to Know About Home Interest RatesAre you in the market for a new home this spring? If so, it's a great time to purchase a property due to the low interest rates. If you're like most borrowers, however, you don't pay a lot of attention to the mortgage rates posted since you know that this may not be the exact amount you'll be paying. These posted rates do matter though and it's important that you understand why.

For informational purposes only. Always consult with a financial advisor before proceeding with any real estate transaction.

Should You Get a Variable-Rate or a Fixed-Rate Mortgage?

If you are looking for a mortgage with a variable rate, you may still have to meet the standards for the posted higher fixed rate to qualify. This is due to the fact that the Canadian

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How to Plan for a MoveOnce the big day has arrived and the moving truck is pulling up your driveway, everything starts to really sink in. Although you have probably been preparing for this move for months, the reality really starts to come to life when the moving truck arrives and the movers start approaching your door.

In order to stay sane and rational during the moving process on this big day, here are 5 tips to help you get through it.

Stay Calm While Preparing For The Move

The calmer you remain the better the process is going to be. You'll be able to remain in control and on top of things by staying as calm as possible. If you ever find that your nerves are starting to get to you, take a quick walk up and down the sidewalk outside to get a breath of fresh

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