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September 2018

Found 19 blog entries for September 2018.

Selling Calgary Home Faster

Selling your Calgary home soon? It's easy to feel overwhelmed at the prospect of making changes to your home before going on the market; not only can the expense add up quickly, but it's hard to wrap your mind about the thought that somebody could feel anything other than love for your home just the way it is. The good news is that sellers can make a handful of nearly free changes to their home to increase the chance of a quicker sale, and decreasing the days on market.

1. Create the Illusion of Space

Simply removing clutter and allowing each room to serve one purpose that makes sense can create the illusion of space. If a buyer walks in and sees that an office is doubling as a guest bedroom, they assume the home seller has run out of room

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How to Decide Whether to Buy or RentIf buying a home seems like a faraway dream, it might be closer than you think. When you invest the time to consider the type of neighbourhood you need and what you can afford to pay, you may discover options to lower your housing costs overall. With this guide, you will understand the types of expenses you will pay to rent or buy, and receive tips to help you get into the real estate market.

What to Know About the Responsibilities of Homeownership

Buying a home in your early 20s is an investment for the future. By doing the work now, you may be able to create a tidy passive income source that makes it easier to secure your financial future. If it is not right for you right away, being able to consider the financial obligation will help put you

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What You Need to Know About Your DTI RatioAlong with credit score and total assets, the debt-to-income (DTI) ratio is an important component for lenders. Even people with perfect credit scores can be turned down from their dream mortgage if their debt is too high in proportion to their income. It is important to not only understand what the DTI ratio is, but also discuss other aspects of the sometimes confusing mortgage process with a mortgage lender prior to searching for a new home to purchase. How can potential home buyers become a more attractive candidate for a loan?

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

How DTI Is Calculated

The DTI ratio totals all of the buyer's debt and

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Home Improvement ToolsIt's official: today's housing market favors the prepared seller. While housing crises of years past created a substantial decrease in home sales for years, the return of consumer confidence has caused the housing market to rebound in remarkable ways.

According to recent studies, asking prices are at a record high and increasing in many parts of the country. Home inventory is also on the rise, causing sellers to compete for the quickest sales.

Home Improvement Fundamentals

In a housing market rife with competition, sellers can get creative to stand out and improve a home's chance of selling. Many homeowners make significant home improvements before selling to attract the ideal home buyer.

But what home improvements add the most value?

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The Importance of Universal Design in HomesThere are a variety of reasons for homeowners to turn their home into a barrier-free zone for safety reasons. Whether it's an elderly relative coming to stay or homeowners preparing themselves for the years ahead, making a home as accessible as possible is the only way to encourage an independent lifestyle for a higher quality of life.

But homeowners also need to take into account the demographics of their neighborhood as well. If the area is skewing toward an older crowd, making some improvements can also be a great way to increase resale value. Here are a few tips for those looking to eliminate the barriers so seniors can move wherever they want, whenever they want.

Thoughtful Designs

One popular idea that has been moving through the

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How to Use conditions When Buying a HomeA condition of purchase is a stipulation a buyer makes to a seller that must be met before finalizing the home sale. Some buyers submit their Offer to Purchase with no conditions, meaning they buy the property as-is, but this is generally only done when purchasing obvious fixer-uppers or if there's a particularly hot market where a buyer has to do so just to remain competitive. Most people have at least a few conditions that they present to a seller during the negotiation period, so buyers should understand how they work before they begin to structure an offer for their City Centre home.

Financing

An offer to buy normally comes with a financial backing of either cash-in-hand or a letter of pre-approval from a bank. While a bank's pre-approval

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5 Things to Know About Lenders Mortgage InsuranceHome buyers who make a down payment of less than 20 percent are usually obligated to pay insurance for the mortgage itself. With this information, borrowers can understand how lenders mortgage insurance works, and what they can expect to pay for a home in East Calgary or elsewhere.

How Does Mortgage Insurance Differ from Home Insurance?

Mortgage insurance is typically called "Lenders Mortgage Insurance" simply because it is designed to protect the lender in the event that the borrower defaults on the mortgage. Home insurance exists to protect the homeowner and the items inside the home. Mortgage insurance is typically obtained by the lender, and the lender has the option to pass on that cost to the borrower. Many lenders expect home buyers to

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What You Need to Know About Deferred MaintenanceHomes need constant repair in order to remain functional, because appliances and equipment that are used on a regular basis will deteriorate with time. Homeowners who put off repairs and upgrades will find themselves dealing with all of these problems at once when the time comes to sell. Deferred maintenance can devalue a property. Some deferred maintenance, like plumbing leaks, can lead to other costly issues, like mold. Repairing problems in their early stages can prevent a more costly problem from occurring.

What to Do About Deferred Maintenance When Selling

Homeowners who want to sell their North West Calgary property must make repairs to their home before putting the house on the market. Once the home is put on the market, the homeowner

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What to Know When Buying a New HomeLike most major purchases, home buying is a major step in the buyer's life. Between the financial responsibilities, the negotiations, and the seemingly endless numbers of homes to tour, it's common for new home buyers to be unsure about how to get started. However, once buyers know the basics, they'll be far more likely to choose a home that works for them at a price they can afford.

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

Managing Your Finances Before a Home Purchase

Home buyers need to know their price range before they can do anything else. How much a buyer can afford is not necessarily as intuitive as it may seem, so buyers are

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Buying a Home in Rural Canada For every similarity that rural and urban homes have in the home buying process, there are a handful of important differences to be aware of. Rural areas offer a lot of benefits, but you have to be prepared for the lifestyle and challenges that come with rural living.

These four questions can help you to quickly establish the nature of the rural homes you may want to buy.

What are the Limits on Construction?

In many cases, buying rural property means that you have fewer limits on what you can do with the space. Without a homeowners association or even neighbours nearby, you may be able to get more creative in building up your home.

However, you should still look at the zoning and ordinances of the area. If you plan to keep horses or

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