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How Much Should You Budget for Home Maintenance?

If you own a car, you know there’s more to the cost-of-ownership than just finance payments and gas. You also need to budget for maintenance and repairs. If your car is older, those costs are going to be higher. That’s just common sense. The same is true of your home. It’s wise to budget for anticipated repairs and maintenance. Otherwise, you might be caught by surprise when you ...

The "3 Up" Strategy for Selling Your Home Quickly

There are many reasons why you may need to sell your home quickly: a sudden job relocation; a change in family situation; or perhaps an opportunity to purchase a new home that you just can’t pass up. Whatever the reason, this strategy will help when you need to sell fast. It’s called the “3 Up” strategy. Fix it up. Clean it up. Spruce it up. First, you need to fix ...

June Sales in Calgary

From The Calgary Real Estate Board: "June sales consistent with typical levels Calgary inventory levels ease Calgary, July 2, 2015 - Despite the 18 per cent year-over-year decline in June home sales, for a total of 2,183 units, transaction levels remain only five per cent below the 10 year average for June and three per cent above levels over the past five years. “We’ve seen ...

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 ...