Tagged : Calgary Home Buying Tips

Found 14 blog entries tagged as "Calgary Home 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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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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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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How to Avoid Real Estate ScamsIt's important to take certain precautions when you're house hunting or looking for a place to rent. In today's tight real estate market in Calgary, it can be easier to fall prey to a scam due to desperation. In order to help you avoid these scams, we have put together some common sense guidelines to follow.

Avoid Sending Money

You'll want to be sure that there's a legitimate person at the other end of the transaction. If you're ever asked to send money through the mail or via wire transfer, turn the other way and run. A legitimate transaction will take place either between the buyer/ renter and the seller/ landlord in person or through an accredited property management company or real estate agent. The best way to make sure your transaction

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Selling a Home Where a Murder or Suicide Has OccuredRecently, a home in Calgary went on the market that had a dark past associated with it. The home is the one where multiple murders occurred this year. Across Canada every year, many homes get listed where violent attacks have occurred. In the industry, these homes are referred to as "stigmatized properties".

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

The Laws Regarding Stigmatized Properties

In the United States, there is a law in most states requiring sellers to make a full disclosure about a murder or a suicide that has occurred on the property within the last 3 years. In Canada, Québec is the only province in the country that has a

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Why Homeowners Might Need to Sell Their Homes QuicklyWhen you're looking through listings of homes for sale you may see a few mentioning that the owner is highly motivated to sell. There are quite a few reasons why a home may need to be sold quickly, and here are the top seven reasons sellers come to this decision.

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

1. Difficulty Selling the Property

Properties can be difficult to sell for a number of reasons. Quite often there is something dramatically wrong with the house making it undesirable such as foundation problems or serious structural concerns. Another reason could be that the asking price of the home may be too high, so sellers reduce the

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How to Choose Between Two Homes When Home BuyingMany couples and families run into a situation where they fall in love with 2 Calgary houses at the same time and aren't able to make a decision between either of them. While other people are racing around frantically trying to find their dream home, these few are torn between 2 homes that are both very desirable.

In some cases there may be a split decision between the wife and the husband. The husband has fallen in love with a house with a large rec room while the wife prefers a bungalow that has a lot of storage capacity. In other cases the couple may both be in love with 2 different homes. What would be the solution to this sort of situation?

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

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Understanding the Real Estate CommissionThis is an old made-up story but one that makes a lot of sense. The heat turned off one day and a couple had to call in a specialist to look at their furnace. The house was getting colder and the children were starting to complain. When the furnace professional arrived he was warmly welcomed into the home and made his way downstairs. Upon arriving at the furnace he gave it a quick inspection and then gave it a good bang in a certain spot. The furnace instantly turned on, the couple was elated and they all headed upstairs to give the children the good news.

The furnace guy took out his invoice and handed the couple a bill for $200. The husband was shocked at the price and asked why he had to pay $200 for 5 minutes of work. He also added that he

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Why Get Pre-Qualified For a Loan?If you are seriously considering buying a property in Calgary you should get pre-qualified for a loan first. By doing so, you will be taken seriously by your real estate agent and home sellers. It shows that you have taken a step towards buying a house and you are committed to it.

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

Your Agent Will Take You More Seriously

You will find that your real estate agent will work even harder to search for and get you the ideal home in the shortest possible time. If you do not spend some time to get pre-qualified for a loan, you may find your agent less enthusiastic to work with you. When you have obtained a loan…
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