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5 Real Estate Myths

When you buy or sell a home, you’re likely to get lots of unsolicited advice from friends and family.  Some of that advice might be helpful while some of it might not be so helpful.  When it comes to real estate, people tend to make generalizations based on their own experiences when the reality is more nuanced.   Some common examples: 1.  “You should wait to ...

The Calgary Market

As we find ourselves in the midst of summer, a brief review of what we’ve seen in the real estate market so far this year seems in order, especially considering what’s been in the news this year.   According to statistics released by The Calgary Real Estate Board, Calgary’s unadjusted benchmark prices improved in May for the first time since December 2014.   ...

Will the neighbourhood go up in value?

When you purchase a home, you’re hoping it will continually go up in value — just like a good investment. However, there’s something else that you want to see go up in value as well: the neighbourhood. In fact, the neighbourhood plays a key role in what the home will be worth in years to come. If the neighbourhood goes down in terms of desirability, so will the market value of the ...

Should You Sell First and Buy Later? Or Vice-Versa?

When you’re thinking of selling your home and buying another, you face the inevitable question: Should I list my property first or buy my new home first? Let’s take a look at both options. If you attempt to buy a property before listing your home, you run into a couple of challenges. First, sellers may not take you seriously as a potential buyer. After all, you haven’t put your ...

New listings decline as home prices ease - CREB

Improved sales to new listings ratio reduces inventory gains.   According to statistics released by the Calgary Real Estate Board May 1, 2015,after the fifth consecutive monthly benchmark price decline in Calgary, the number of new home listings eased to 3,064 units in April, an 18 per cent decrease over the previous year.  “With fewer buyers making purchase decisions and improved ...

“Closing Day” Terminology You Need To Know

Closing day is an exciting time. After all, you’re moving into your new home! However, it can be stressful as well. The last thing you need is to be confronted with something you don’t understand. So here is a quick list of common “closing day” terms. Disbursements. This is the allocation of funds to the appropriate parties, such as the seller. Your lawyer will take care ...

Upgrades That Hold Their Value

Do you have a renovation project in mind – and wonder how much value it will add to your home? Remodeling Magazine recently did a study of renovation projects, comparing costs to added value. Here are some of the results: Replacing a main entry door has a return on investment of over 95%. After all, the entrance to a home is one of the first things a prospective buyer notices. Adding a new ...

What's Happening in the Calgary Market?

According to Statistics released by The Calgary Real Estate Board on April 1, 2015, the first quarter activity reflects economic uncertainty in our city.   "Elevated inventory levels and low sales for three consecutive months caused unadjusted benchmark prices to ease by 0.44 per cent in March, relative to the previous month, for a total of $454,300. Based on first quarter statistics, conditions ...

Easy-to Miss Home Security Tips for Your Vacation

If you’re relaxing on a Caribbean beach, or enjoying a bus tour through historic Paris, the last thing you want to worry about is your home. Most people know the basics of keeping a home secure while away.  Here are some additional tips that are easy to miss: • Tell your kids not to boast about your fabulous vacation plans, especially on social media. The fewer who know that the house will be ...

How to Help Sell Your Home Quickly

Usually when you list your home, you would prefer to sell it quickly. It’s like being the first one served at a crowded ice cream parlour. It’s satisfying.  However, sometimes there’s more to it than that. There may be a truly urgent reason why you need to find a buyer for your property as soon as possible, such as a sudden job relocation.  If that’s the case, it’s important to ...